FAQ (Frequently Asked Questions)
What is a Pay Day Loan
A Pay Day Loan is a loan which you can take out to tide you over until your next pay day, which can be up to 31 days away.
What am I allowed to use a Pay Day Loan for?
You can use a Pay Day Loan to help manage bill payments or pay for unexpected expenses, or you can use it for anything else you like, including down payments on cars, holidays or anything else you feel you need sooner rather than later.
How much money can I borrow?
The amount we can lend you depends on how much pay you take home each month. If you need any help with figuring out your debts or managing them, http://www.cccs.co.uk might be able to help.
How much will a Pay Day Loan cost?
Our fees are much better than many other Pay Day Loan providers. We just charge you £25 for each £100 you borrow.
What do I need to be eligible?
To be eligible for a Pay Day Loan from us, you must: live and be employed in the UK, have a regular income which is paid into a current UK bank account and be 18 years old, or older.
Will my poor credit profile mean I can't get a Pay Day Loan?
It shouldn't. We consider lots of different circumstances but we must be sure that you can make the repayment when your next pay day arrives. Read our Terms and Conditions for more information on our requirements.
I don't own a house is that a problem?
No, not at all. We lend Pay Day Loans to home owners, tenants and people still living at home with their parents. The most important thing is that your salary will cover the repayment.
How do I repay a Pay Day Loan?
Repaying the loan is easy. We automatically take the repayment amount which we have confirmed with you, out of your bank account on a specified date. You don't need to do a thing.
How long will it take for me to get the money?
Many people receive their Pay Day Loans the very same day they apply. Sometimes though, banks do take longer to register the funds in accounts. Usually funds have cleared at least 48 hours after an applicant first applied.
How do I get the money?
The money will be transferred to your bank account using an express service to get it to you as speedily as possible.
Can I have two Pay Day Loans at the same time?
No. Pay Day Loans must be repaid before you can have another loan. We are a responsible lender and do not want you to get in to financial difficulty. We also want to ensure that you can afford to pay us back.
How long do I have before I need to repay a Pay Day Loan?
You have 31 days before the loan must be repaid. Repayment is automatically debited from your bank account on a date we agree on.
