Get money today!

I'd like to borrow
To pay back in
Fees 1
You Pay 101
*Illustrative APR 1940.5% Why so High?

Payday Loans!

the UKs #1 Payday Loans resource is the UKs #1 independent payday loans resource site. Our goal is to help provide as much information as transparently as possible on the UK payday loans sector. We cover everything from the short payday loan right up to 3 month payday loans and 12 month payday loans. So if you’re looking to find the best online payday lender, or just want to compare all UK payday lenders and their rates to help find the best payday loans then you have come to the right place.

We also do more than just compare payday loan direct lenders. As the UKs #1 independent resource site we also provide resource guides that help explain things like: the facts about payday loans, how to work with your payday lender if you are having a problem, what the law and regulation around payday lending is and general articles on the UK payday loan industry.  If you’re researching an article on payday loans we also have a section dedicated to all the statistics, data and published reports on the sector.

Well you get the idea...

Why You can TRUST us

While we began life as the first online lender in 1998, we are no longer active in any direct lending activities – you can’t get a payday loan direct from us, but we’ll guide you to the best available. Where you require a payday loan, we can show you the lenders in the marketplace, the deals that are available and which of those lenders are likely to offer you the most appropriate deal for your requirements.

We believe in complete transparency and target to bring you a balanced view about everything happening in payday loans; exposing the positive and negative aspects of this prolific industry. We do not hide anything. We believe that where more information is available about payday loans, individuals and those seeking knowledge about the marketplace can make better informed decisions about loans and industry background.

As the main independent resource site in the UK for anything to do with payday loans and as you would probably expect over the years we have collaborated with or had articles featured on some very prestigious websites. Some of the most notable are shown below.

forbes National Geographic Wired Discovery

If you are a Journalist or Researcher and you would like to have a point of contact in the payday loans sector to help with your articles we would love to hear from you.

Who's this site for?

YOU – whoever you are – and for whatever your reason is for looking at payday loan websites.

We aim to bring you all of the critical information you need along with resources, tools and strategies that can help you:

  • CUSTOMER - We will help to find a suitable payday loan for your own immediate needs. We will also tell you all the pros and cons of taking out a laon
  • JOURNALIST - We will supply you with your content if your search is for accurate information to write about the payday loan industry as a journalist or feature writer
  • REASERCHER - This website will become your number one source of specific detail about payday loans, lenders, the law and data to prove your case

As we state above our site has the goal of been the most comprehensive, impartial and FREE resource site for anything and everything to do with payday loans in the UK. To help us achieve this goal we have specifically focused on three types of user of the site.

We've seen hundreds of thousands of people in your shoes; you need money and you want it now. Well, you’re in the right place, but before you rush in we would like to ask you to stop - and like with all financial products -ask you to make sure you fully understand the product you are looking to take out.


what is A payday loan?

Payday loans are a relatively small amount of money (£100 to £1,000) borrowed over a short-term (15 to 90 days). Sometimes a payday loan is also referred to as a cash advance, wage day advance, term loan or 3 month loan. More commonly we are finding that people are looking for 3 month payday loans and 12 month payday loans. In essence they are all terms classed as High Cost Short Term Credit (HCSTC) and in essence all offer more or less the same type of service. That of an easily accessible and fast line of credit (AKA, Instant Payday Loans) that costs more than a traditional line of credit due to its shorter loan term.

They are all an unsecured loan, meaning that a consumer doesn’t need to put up anything as security to be held against the loan before the money is paid out. This is true whether it is linked to the borrower’s pay or not. Effectively, a payday loan is a cash advance against an amount you can afford to pay back from your next pay day wage packet.

The loans offered are agreed by lenders who are sure that the individual has access to a regular income and will be able to repay the debt on time.

Payday loans should not be confused with other cash advances such as bank overdrafts, credit card cash advances and any other prearranged forms of credit, which are all targeted to be repaid over much longer period of weeks, months or years. Payday loans are governed by legislation ruled by UK law, and in almost all cases the lender will not request a credit check or security which is why the money can usually be transferred over to the applicant’s bank account in just a few minutes or a few short hours at the most.

The majority of lenders use similar application requirements. You will need to provide;

  • Proof of your income from an employed job, or from another source regular source (not benefits)
  • Valid identification
  • Proof of being aged 18 or over
  • An active bank or building society account/debit card

If your looking for a Payday Loans Direct Lender list then next you are likely to want to know who the key lenders are and what the typical fees and costs that they charge are.

Finally, if major debt is plaguing you and the reason you are looking for a payday loan is so that you can buy some more time or kick the problem into the grass for a little longer, then we urge you NOT to take out a payday loan. Instead we have a section of the site that is dedicated to helping you. We also recommend a number of FREE debt charities on that page (Click here to visit it). 


What A payday loans direct lender can AND can't Do

Although not a comprehensive article on all the can and cant’s the below should help point you in the right direction on a lender is able to do and what your rights are.

  • A payday lender can assess your income against proven evidence. They cannot lend you more than their guidelines suggest.
  • They can lend to you if you are over 18, but not below.
  • A payday lender will have a system in place for those who are unable to clear the debt on time. They cannot make up their rules as they go along.
  • A payday lender will have set fees and charges. They cannot ‘invent’ new fees as they feel fit.
  • A payday lender has published interest rates, but the rates may vary according to the risk they perceive, in having the debt paid properly. They will not make up a rate just to suit you - the consumer.

For a much more comprehensive set of guides on what lenders can and can’t do we recommend looking at our Loan Issues and Law and Regulation section.


how the payday loans industry works

Some confusion has arisen in recent years over exactly how the payday loans sector truly operates. In this section and in subsequent articles we reference in this section we hope to shed light on the structure of the industry.

In essence the payday loans sector is made up of three core sectors. You have the payday lenders, the brokers and then the networks. We ourselves are technically a broker (although most likely the most honest and transparent in the sector). Brokers tend to allow users to directly connect with a lot of lenders all in one go. Networks on the other hand work with both the broker and lenders to facilitate the transaction of the data and keep the users data safe. We then have the lenders who directly issue the loan.

The best way to explain the payday loans sector is to perhaps use the analogy of the car insurance market. Using this analogy I am sure you will have found that visiting an aggregation site like (a broker) is often a lot more time saving than applying to each individual insurance company directly. Well in essence the payday loans sectors use of similar systems is designed to achieve the same goal. Where the payday loans sector differs from that of insurance is how the offers are presented to the applicant. Whereas with insurance the applicant pays the insurer before a business relationship commences, with payday loans it is the lender that pays the applicant first before the relationship commences.

Due to this increased risk that the lenders take then fundamentally a different approach is needed so as to control the risk of customers taking the money and never paying any of it back. As such the payday loans sector works in reverse to say the insurance sector. So rather than your information getting sent to lots of lenders all at the same time and then they all come back with an offer the payday loans sector instead shows the customer information to a list of lenders that form a line to see the applicants data. The applicant’s data generally starts at the top of the list with the lender that has the most conservative appetite to risk, this then works its way all the way down to the last in the list. By the time the application has reached the bottom of the list most of the lenders have looked at the application and deemed it a credit risk, as such if an offer is made it is usually on more expensive terms so as to compensate the lender for what will likely be a high risk of default on the loan.

So to recap the business types have different advantages and disadvantages.

Payday Loans Direct Lenders - They provide the loan money

Payday Loan Brokers - They work like a money supermarket and allow a consumer to apply for a loan across a range of lenders, with the broker choosing the most suitable in terms of likelihood of the loan being granted and preferred rates

Networks - They work at matching lenders with brokers.

So What's going on

We have covered quite a bit on this page so far. This section contains a feed of a very small selection of the latest articles we have done that cover the general payday loans sector, the law, regulation and trade associations within the sector along with news articles that we have seen in the press that we think our readers might like.

Comparing US & UK capped rates

Comparing US & UK capped rates

Industry Overview Richard - avatar Richard

US payday loans are a decade ahead of the UK in terms of legislation and proposals that affect the consumer of choice, but with further changes in UK law due in 2015, will the UK laws finally catch up...

Read more
BCCA Consumer Code of Practice

BCCA Consumer Code of Practice

Law & Regulation Jim Cook - avatar Jim Cook

The following report is a quick summary of the BCCA Consumer Code of Practice. We have summarized the golden nuggets to save you some time and keep you informed. If you would like to read the full rep...

Read more
Summary of 2014 FCA legislation

Summary of 2014 FCA legislation

Law & Regulation Jim Cook - avatar Jim Cook

There are many aspects of the 1st April, 2014, (effective 1st July, 2014) updated legislation, that are designed to help the consumer, but some ‘help’ has resulted in other potential problems. The ov...

Read more
Finance and Leasing Association (FLA)

Finance and Leasing Association (FLA)

Law & Regulation Jim Cook - avatar Jim Cook

The FLA trade association confirms that its members provided almost £90 billion of new finance in 2013, but it would be misleading to regard this as payday loan business, as only one member, Wonga Gro...

Read more
Consumer Credit Trade Association (CCTA)

Consumer Credit Trade Association (CCTA)

Law & Regulation Jim Cook - avatar Jim Cook

As one of the earliest trade associations recorded in history, they have been in operation since 1891, but obviously payday loans only become part of their members’ products and services, within the l...

Read more
Consumer Finance Association (CFA)

Consumer Finance Association (CFA)

Law & Regulation Jim Cook - avatar Jim Cook

“Responsible lenders don’t lend to those unable to pay back ,” is how the Consumer Finance Association website opens on their homepage. They also suggest that you “should pause and think before you bo...

Read more
British Cheque Cashers Association (BCCA)

British Cheque Cashers Association (BCCA)

Law & Regulation Jim Cook - avatar Jim Cook

The British Cheque Cashers Association, formed in 1994; acts as a trade association for financial services firms who list their trade as one or more of; Payday loans, Instalment loans, Guarantor loans...

Read more

That’s all folks... OK so what we really mean is that’s all for the latest articles we have done that cover the payday loan industry, law and regulation within the industry and relevant news articles on payday loans we think you will have found of interest. Go and take a look around the site and let us know if you feel we have missed anything.

Data Protection Reg No: Z3508710 - Consumer Credit License Number: 655622