Top 10 reasons to choose a PayDay loan

If you need money in a short amount of time, then choosing a payday loan may be the right option for you. Below you will find top 10 reasons to choose a payday loan.

If you need a Payday Loan, you can get up to £750 in a short amount of time. If approved by one of our lenders, the money may be wired to your bank the same day*.

1. Good rates compared to other alternative

Applying for a payday loan is usually a better option than paying late fees on bills, bounced checks, and having to deal with your bank's overdraft protection service. As an example, each time you bounce a check, typically your bank and the merchant will charge a fee. With a payday loan, there are no hidden fees or set up administrative fees. The charge for taking out a payday loan is in the representative APR of 1734% but this is an annual percentage rate. Usually the duration of a payday loan is short term - payday to payday - not annual.

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2. Improve your Credit Record

If you take out a payday loan and pay it off on time, this will be reflected to a Credit Reference Agency. If you show a pattern of taking out a loan and always repaying the loan under the agreed timeframe, this will cause a beneficial impact on your credit record.

3. Quick Approval

Once you have filled out our application, we will try to match you with a lender. If you are matched with a lender from our panel, within a minute or so, we will tell you if you have been approved or not. You could apply and get matched within two minutes. How is that for fast?

4. Convenient and Safe Application

No more having to go stand in queues at the bank or go to physical storefront payday loan or pawnbrokering shops. You can now apply for a payday loan from the convenience and ease of your own home anytime of the day or night. You can fill out our application knowing that your personal information is kept private and secure. In technical terms, Now! Payday.co.uk is secured by SSL (Secure Sockets Layer) -- this creates a secure connection between our users and our website.

5. Money when you need it the most

If you are matched with one of our lenders, then they can usually deposit the money on the same day. You can get same day cash which is subject to approval times and the lender's own policies. In most cases, funds will be deposited the same working day, if approved by 14:30. Approval may take up to 30 minutes in most cases.

6. Borrow from £80 to £750

Depending on how much you need, you can borrow anywhere from £80 to £750. Please note that loan amounts are based on consumer's credit history and ability to repay loan. Not everyone may qualify for £750.

7. Emergency Situations

One of our payday lenders recently surveyed their customers to find out why they use payday loans. They learned that 75% of their customers use payday loans to cover unexpected expenses or pay bills. The most popular reasons were to get a car fixed, pay for medical care, or to cover a monthly bill.

8. Responsible lending

Now! Payday.co.uk has carefully selected our panel of lenders to ensure that they are compliant, safe, and committed to responsible lending. Now! Payday.co.uk and our lenders want to make sure that our customers know that payday loans cannot help you with long term financial obligations nor are they the right solution for those with long term credit difficulties.

9. Customer Services

All then lenders we work with have very high quality customer services. Whether it be their friendly call centres, live chat support or immediate online assistance, you will get your questions answered in a timely manner or an issue solved. You can contact the lender you are matched with via telephone, email or post.

10. Financial Awareness

Getting a payday loan will hopefully make you be more aware of your financial situation. It should help you recognize what you need money for and will make you start tracking your expenses. To achieve financial responsibility, it would be wise for you to start making lists: Like lists of what you owe this month - utility bills, phone charges, rent, car payments, loan payments, and other expenses.