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Q
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What exactly is a payday advance?
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A
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A payday advance is a short-term loan which is repayable on your next pay day (although you can choose to rollover your repayment until the following pay day - see below)
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Q
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How do I repay my payday advance?
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A
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We use your debit card or direct debit from your current account to take repayment of your payday advance on your next pay day.
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Q
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Can I rollover my payday advance until my next payday?
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A
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Yes, you can rollover your payday advance as many times as you like however, a payday advance is a short-term loan designed to help you get by until your next pay day. If you require credit for a longer period, then a payday advance may not be your best option and we would advise you to seek a more appropriate type of loan.
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Q
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Do I need to have a cheque guarantee card?
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A
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No you don’t, but the bank account that your wage gets paid into does need to have either a direct debit facility, or a valid debit card associated with it.
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Q
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How soon can I have my money?
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A
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If your loan is approved and we receive your signed web agreement before 6pm, you could have your money the same day monday to saturday with the exception of applications received on a sunday, they will be processed the next working day. You can have your money sent by BACS to your account free of charge which takes three working days or you can pay an express service fee of £15, which is deducted from your loan amount, to receive your money the same day, next working day if you apply on sunday. |
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