Review of Payday Loans from Payday-loan-direct.co.uk

A same day payday advance is available on the web at payday-loan-direct.co.uk. Pay-loan-direct.co.uk does not do a credit check on potential clients and requires that they only have a bank and a job. Their job must provide a visible and verifiable source of income.

Payday loans have increased in popularity in recent years. With the recent economic problems the world is experiencing more and more individuals have credit problems. Their credit score will most likely not be high enough to apply for and receive a traditional loan from a bank or lending agency.
If you have a low credit score due to previous bankruptcies, late payments, or non-payment of bills you will still be considered for a payday loan. To apply for a payday loan you must have a fax and internet access. No fax? That's okay; you can apply right on the internet and submit your application on the internet also.

Payday Loan Direct is one lender that can help.  They offer payday loans from £100 up to £750, with the expectation of repayment on your next payday.  In order to qualify for the loan, the applicant must have a full time job earning at least £750, a bank account with a debit card, an email account, and proof of identity. No collateral needed, no

security deposit needed, no expectation of perfect credit needed, no faxing of documents, as no fax is required. Payday Loan Direct does not run credit checks on applications. 

The first step is to go to the website. Sign up for an account by creating a username and password. Once you have created an account you will be directed to the online application page. You can fill this application online and submit it electronically or print it out and fax it to the company.

As soon as you submit your application it will be considered for approval. The company is open 24/7 and will process your application anytime it comes through, day or night. They will verify your source of income and your bank account. You must have a bank account as they will deposit your loan into your account and take funds out 30 days later to repay your loan.
This company charges £25 for every £100 loaned. For example, if your loan amount is £750 you will payback, with charges and interest, £937.50. Borrowers should be aware that although the monthly interest rate is only 25%, the APR for Payday Loan Direct loans is a whopping 1355%.  This may seem like a huge amount but when you do not qualify for a traditional loan because of bad credit it may the only way to get cash fast in an emergency.

The company will only loan you what they think you can reasonably pay back. They are a large umbrella company and will check multiple payday lenders in order to match you to the perfect one. This saves you the time and hassle of filling out multiple applications. They will find the payday loan company that will give you instant approval.

Once you have been approved for your loan the money will be deposited into your account on the same day. This fast service is what makes payday loans so popular.

In a 2007 survey 92 percent of the company's customers said they were satisfied with the service they received. 93 percent of their customers found the site and process easy to use. 76 percent would recommend the site to their friends. These high numbers reflect the professionalism of the company.