Direct Lender Payday loans

Wednesday, 27/08/2014

An Overview of Direct Lender Payday Loans In The UK

The payday loan market has blossomed over the past several years, and for a good reason – in a nutshell, direct lenders that offer payday loans and quick cash solutions are very sought-after these days simply because they can lend you significant amounts of money without the hassles. There are tens, if not hundreds of direct lender payday loans available in the United Kingdom, and they typically range anywhere from £50 to £300-£400 or even more. You can take out a fast loan only for a couple of days or for an entire month: no matter if you need money urgently for an unpredicted situation or you ran out of money and you need to pay the bills, these lenders will surely help you out.

What Are The Benefits Of Payday Loans?

Like the name involves, these loans are designed to address short-term financial issues quickly and effortlessly – this type of loan can save you a lot of time, trouble and headaches, as you can apply for a loan online and have it approved within minutes, after the approval team has thoroughly checked your application. Unlike what happens with most banks nowadays where you have to wait in a queue, with payday loans you can complete and submit your application online, with just a few clicks.

Redwallet is a trustworthy and reputable lender who takes pride in offering advantageous loans to its customers, Red Wallet makes sure that the lending process is as fast and straightforward as possible. The amount of paperwork is decreased, as they will pay attention to the age of the applicant (you need to be 18 years of age or older) as well as to other basic personal information: for instance, you need to be a United Kingdom resident and you also need to have a UK-based bank account plus a debit card. Also, you will need to provide proof of a regular and stable income, as well as your contact details.

With payday loans, you do not need to worry about telephone harassment or about receiving spam e-mails, as everything is done during the application and your money will be sent to your account right away. Completing the application typically takes a few minutes and depending on what time you apply the money can be transferred to your bank account on the very same day. However, some UK-based lenders may choose to set some restrictions on the maximum amount of money first-time customers can borrow, a restriction that will be lifted the second time you borrow.

How Do You Apply For A Direct Lender Payday Loan?

The process is very simple and hassle-free, as every UK lender has a comprehensive and user-friendly website where you can find the online application that needs to be completed and submitted. After submitting your applications, the money will be sent to your account and it will be automatically withdrawn from your account at your next payday. On the other hand, you can choose to repay the loan faster than the date you have initially established, without paying any extra fees whatsoever.

Payday loans are not suitable for, and would be expensive as, a means of longer term borrowing and are not appropriate if you are in financial difficulty.

Representative 1269.7% APR

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