Excite

Stuck for money? Check out what Pay Day loans can do for you

With the continuing economic troubles in the UK, Pay Day loans are becoming more and more popular as consumers look for a way to bridge the gap between pay cheques easy and quickly. So if you're looking for information on pay day loans, we've rounded up everything you need to know in our guide to Pay Day Loans.

Pay Day loans have been in the news of late because of the amount of people who have fallen victim to their large interest rates. However, if you use the loan the way it's intended, and you pay it back on time, then these interest rates won't be an issue whatsoever.

Pay Day loans work by allowing you to take a short term loan over a few weeks or up to a month at a rate of interest of over 1,000%. The reason people accept these interest rates is the fact that the money is almost instantly put into your account and you won't be rejected as long as you can prove you have a regular source of income.

Such is the growing popularity of these loans that demand for them has been rising at a rate of around 130% each month, and the Office of Fair Trading is to begin an investigation into them to see how legal they are. It's impossible to get a pay day loan in Ireland as they are illegal there.

If you're looking to snag a pay day loan in the UK then you can get them at Pay Day Loans shop at http://paydayloanshop.co.uk/. Make sure to read the terms and conditions before signing up for a Pay Day loan!

United Kingdom - Excite Network Copyright ©1995 - 2018