Welcome to Payday UK Text Loans

Warning: Late repayment can cause you serious money problems. For help, go to: www.moneyadviceservice.co.uk

The text payday loans are the short-term loans that must be pay back when you received your next salary, today's definition of payday loans is simply any short-term ranging from 100 to 1000 pounds for 1 month. These short term loans are unsecured in nature, so the interest rate may be high. It is our mission to arrange you with payday loans and these text loans are best used to solve temporary financial problems in emergency. For example, if any urgent medical bill need to be payoff or your car unexpectedly breaks down, if you may find yourself struggling to pay the repair bill. In this case, taking out a payday loan is one way to cover your emergency expenses. But really can apply to any situation where you know you'll have the money you need in your next payday, but you need it straight away. It is advised that you should use a payday loan for a sudden necessity or financial emergency.

You are informed that we are not a lender and do not make credit decisions. We are working as a credit arranger. Any consumer queries will be directed to lenders that is willing to lend to you today. The application is sent to our panel of 40+ lenders for review and the lenders can arrange a text loan to suit your circumstances in a matter of around 15 minutes on average. The loan can then help you to meet your cash emergency today!

Implications of Non-Payment

We always try to educate our customers about the consequence of non-payment and advise them to pay back the loan amount in due course. The implications of late or non-payment of the loan amount could include unfavourable details being included within your credit report. This could adversely affect future attempts at securing credit or finance in future.

If for any reason you understand that you will not be able to meet any arranged repayments,then you may be charged additional interest or late fees by the lender. If for any reason you think you will be unable to meet any arranged repayments, or if you consider there will be any problem in repaying any part of your loan, then you urgently need to contact the loan provider of your loan directly.

Contacting your lender will give you with the best chance to perhaps reschedule your loan repayments or You can directly discuss further options in detail to prevent yourself from unfavourable consequences.

The loan provider may setup a payment arrangement by contacting you over phone, email and letter. Any failure of payments will result you in additional fees and fines and affect your credit score along the process. All loan providers adhere to and follow all applicable collection laws and guidance.

Collection Practices

If you fail to attend a loan payment it is likely that you will be assumed to pay an further charge or interest, the details of which can only be discussed directly with the provider of loan. The actual effects will vary and determined on that perticular loan provider. The loan provider may take actions related to collection procedures and your credit score may be critically influence if your payment obligations are not met. The lenders reserve the right to pass on the borrower’s details to third party debt collections agencies for collections of your debts and they may take any actions which are allowed by law.

The loan provider also reserve the right to utilise the Continuous Payment Authority continuously make an effort to get payment from your card up to 90 days past your due date consistent with the powers in the credit agreement. This action is only done if it is in line with the terms of your agreement. It is advised to confirm your own Terms and Conditions on your signed loan agreement for further details.

Renewal Policy

The renewal policy will be totally dependent on the lender who provides the loan. Your lender may be willing to renew your loan. If you wish to renew your loan, you should contact them as soon as you know. Most lenders generally charge the same or better rates for loans if you have successfully repaid a loan to them in the past. Remember the lenders have to check that you can afford any loan. Any decision you make regarding the renewal of a loan should be made with full consideration of all the costs and your situation at that time. All of the above varies between lenders.

Representative 1734% APR

    Representataive APR Example : Borrow £200 for 28 days. The total charge for credit is £50. Interest is fixed at a rate of £50 per £200 loan (326% per annum). The Total Repayable is £250.