The truth about payday loans is not what you may think. Payday loans through reputable companies like Instant Loans Limited are not outrageously expensive or only for those with good credit. If paid on time (normally within 28 days), a payday loan can cost as little as 25% or 125 on a 100 loan. No credit check is required, and anyone meeting the following criteria should be approved: UK residents over 18 years of age with a UK bank account, steady job and earning at least 400 a month. There are no hidden frees, and after filling out the easy online application a borrower can have an answer in as little as 60 seconds. If approved, the money can be deposited into their bank account the very same day! In addition to helping a person get past a financial crisis they’re currently experiencing, repaying a payday loan can even help repair a person’s credit rating.
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