A payday loan (cash advance) is a short-term loan that you (as a borrower) can take out to cover immediate or emergency expenses such as an overdue utility bill or unexpected expense. You simply repay the loan (plus interest) after your next salary or wages have been received. Read more...
In order to trade legitimately in the UK, a payday loan provider must obtain a consumer credit licence, issued by the Office of Fair Trading (OFT)...
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An increasing number of commentators including the BCCA and the IPA are calling on the government to introduce legislation to curb the worst excesses of the payday loan sector, in particular, very high interest rates and rolling over of loans.
PaydayLoanAdvances.co.uk is an independent website offering information and advice about payday loans in the UK.We provide an informative overview of the 'cash advance' lending industry in the UK, US and EU, as well as information on the history and general FAQ's. We also offer an independent introducer service for users who are looking to secure a fast payday loan within the UK.