Over the space of the first part of the year the amount of UK Payday l.oan websites has increased, this could be attributed to the economic climate, however, could also be argued this is simply a trend the UK is now embracing 2 years after the US was swamped with Payday loan providers.
The UK payday loan market has seen the amount of websites now offering the service increase. This has meant that getting a Payday loan has become easier and quicker than ever before. But has the increase in providers meant a dilution of quality of service?
With providers such as SimplePayday.co.uk and PaydayUK having provided good customer service and ease of use for the past few years do they feel threatened by the influx of comapnaies starting-up?
“Basically what’s happened is anyone with a website is starting to offer payday loans, where we differ is our company has been going for years with thousands of satisfied customers, most these sites are unsecure and quite easy to differentiate from ours.”
James Lewis, SimplePayday
So it seems security may be an issue that has arisen from this, we asked security expert Frans Lockyer from website Secureweb about this.
“Site’s that don’t feature a https on their apply page are generally best avoided, the easiest way to tell if a site is legitmate is usually common sense, if they feature a phone number and the site looks professional they are probably the better ones to use.”
Bearing this in mind and considering most Payday providers are similar in what they offer this advice sounds note-worthy.
Henry Thomson
Financial.Kodak.Moments
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