Payday Loan Pros and Cons

Is a payday loan right for you? They have both and good points - after considering the pluses and minuses, the decision is yours!

Plus Points

• Faster to arrange than a normal loan - usually less than 24 hours from application to cash in your account
• Much higher approval rates - applications accepted from anyone over 18 with a job
• Borrow from as little as £75 - only borrow as much as you need
• No long term committment - simply repay on your next payday
• Extensions available

Minus Points

• More expensive than a normal loan, especially if extended
• Only smaller amounts available
• Can become a monthly habit