Welcome to Simple Payday
Do You Have an Emergency Like a Burst Pipe?
Bridge the gap between paydays and avoid those late fees or fines. Apply for a loan anytime, day or night.
Don’t get caught short before payday
Designed to bridge the gap between when you are paid and now. Our loans are perfect for a multitude of financial emergencies, ranging from car repairs to urgent final demand letters.
The ease of application is unparalleled and requires you to submit basic details about the loan amount, your address, work details and information about your present outgoings. We offer a no-obligation decision to all instant cash needs.
Whatever your urgency is; a phone bill to pay, a trades bill that needs to be settled or a utilities company threatening to turn your power off. Let us help you solve it with a cash injection until your next payday.
Preparing for a rainy day
Financial experts suggest that it is still better to have savings put away for emergencies, and, if this is not an option, you could also ask your bank for a temporary overdraft extension.
With these options being the only interest-free ways of obtaining cash in a crisis, they are clearly the first port of call to anyone who finds that they need to bridge the gap between pay-dates. We also suggest that if your expense can be left until your payday, it is better to wait, as these loans are not meant to be used for casual spending, or a purchase that is not absolutely critical.
Get approved in minutes
The process of approval is almost instant. From when you submit your loan application we will search for the best option for you. Your approval will be confirmed by way of email and your loan amount will also be made available to you.
The ideal course of action to take when disaster strikes. Solutions often have a cost. Please fully familiarise yourself with the loan amount, pay-back amount and repayment dates before confirming your loan deposit after you make the submission.
When should you use?
We suggest only using short term loans if they are really the cheapest and most viable option in your circumstances, and that if you need to use them more than three times in a year, it may be worth seeking financial help to solve a more long-term problem.
There is a group of vulnerable people that we feel strongly should be avoiding the service. This group of people often fall short of money before the end of the month and often fail to meet the repayment date/s on other credit agreements.
The guidelines on payday borrowing, as specified by the governing bodies, means that people experiencing one or more of the below problems should avoid the service.
- Often late paying bills or fines
- Currently under a county court judgement for credit arrears
- Not having money for periods of the month because of financial mismanagement.
With this in mind, the relatively ‘high’ costs only exist to those who are not clear on the terms of repayment, or fail to pay the money back in the time agreed – a situation which is just as common with bank loans and credit cards as with any other type of credit.
Financial responsibility is something we all practice and uphold. We advise not to apply for a loan if you can’t pay it back, no matter the emergency, you will end up with further problems.
Ideal for one-off cash needs
It has been reported that online loans companies typically charge APRs as high as 4,120%, a shockingly high rate which many detractors have taken as proof that these loans are the last place borrowers should be looking for a financial boost.
However, this APR is misleading. As APR is a percentage measured over the space of a year and not a month – the duration of a short term loan.
Payday loans are unique in that they are never supposed to be borrowed over the space of a year – they are one-off loans meant to be paid back within a month. Put in simple terms, with our lenders you will never pay back more than £24 for every £100 you borrow* and this is generally put to you as a one-time ‘fee’, rather than as ‘interest’. These fees serve as guidance only and your exact loan, including repayment information will be confirmed with you prior to your loan agreement commencing. Representative Example: Borrow £300 for 65 days with one repayment of £78.00 and one repayment of £378.00. Interest: £156.00. Interest rate: 292% pa (fixed). 1294.1% APR
As previously mentioned where you will run into trouble is if you are incapable of paying back the loan under the terms set out in your original contract, at which point you will incur a fee. However, fees on payday loans have now been capped to twice the initial loan amount. Meaning that if customers do run into trouble, there is a cap on the charges.
Where the same day loan is often overlooked is for the majority of customers’ without existing debt problems and whom usually do not run out of money at any time of the month and this is truly a one-off emergency.
Increases in demand
Because of restricted lending across the board in the credit world, borrowers continue to utilise cash loans to cover themselves for the unexpected.
To this group of borrowers there are clear advantages to an instant option that can provide them with an immediate decision on a loan amount and payment time.
- Fast cash whenever you need it: The money is paid directly into your UK bank account. It does not matter the time of the month you need it or what you need the amount for, you will be approved for your request based off of your present financial circumstances and as long as it does not exceed your monthly expenditure and is affordable for you to repay. Some other loans may require a guarantor or collateral such as goods to be handed over to them, meaning they take time to organise. Loans through our website will be fast – as we collect simple details and offer an immediate resolution.
- Is hassle free: unlike most banks where you have to go through a lot of stress and paperwork to have your application approved. Cash loans through Simple Payday are virtually hassle free. With the advances in technology, you can logon from a mobile phone, laptop or tablet without having to leave the comfort of your home or office and get the loan approved in minutes.
- Can serve as a lifesaver: All manner of disasters, final demands, urgent payments and bailiff fees can be settled. As long as you understand the rates and are happy with the repayment terms, they can solve your short-term issue.
The key to using short-term lending is to only use if you really need it – that is what they were designed for. That is why we believe strongly in only lending to those whom can afford the terms.
Apply and be reassured of a quick solution
Everyone has the potential to get into a sticky scenario. Some may opt to tap-up relatives or friends for a favour to tide them over until the financial catastrophe has been resolved. However, your friends and family may not have cash to spare either, which is why you would have to look elsewhere instead.
The necessity in borrowing money when the larger credit institutions say ‘NO’ could be another contributing factor in turning to other sources. These also include pawn-brokers, cash advance outlets and cash-4-gold traders.
Plan ahead even though time is of the essence
Read the site fully. Understand what is required for you to be lent money and decide if it’s right for your circumstances. Cash loans needn’t be a burden and always should be a solution to a dire situation. Get yourself out of the hole your in and focus on preparing for the next time disaster strikes. It will, there will always be a rainy day coming. We love our customers’ but we love them even more when they use us to solve an unsolvable, then know they need to prepare for the future – and they never need to see us again!
For those with long-term debt problems there is free help you can get in your area, please use the Money Advice Service tool to talk to someone if you have issues. https://www.moneyadviceservice.org.uk/en/tools/debt-advice-locator
Question’s About our Payday Loans
Payday Loans One Month – Online Application
Great things can be achieved in under one hour
Can I Get a Payday Loan if My Bank Account is Overdrawn?
Don’t let anything stop your weekend plans
Do Payday Loans Have High Fees?
If you have a same day crisis, you need a same day funded loan
Are Payday Loans Secured or Unsecured Credit?
Do payday lenders call my employer?
Great things can be achieved in under one hour
Can I Get a Payday Loan if My Bank Account is Overdrawn?
Don’t let anything stop your weekend plans
Do Payday Loans Have High Fees?
If you have a same day crisis, you need a same day funded loan
Are Payday Loans Secured or Unsecured Credit?
Do payday lenders call my employer?
