PAYDAY DIRECT REVIEW
Loans available at Payday Direct range from £80 to £1000 which is quite typical of such companies.
The APR involved is 1737% and the credit cost is 25% for a 28-day loan, meaning that for every £100 you borrow, £125 is required to be paid back. These figures are quite typical of brokers, if slightly on the lower side.
Payday Direct is a UK company that has been opened for business since 2005.
While they might have a secure online application, there was no clear evidence of that on their website.
They do have same day transfer, just make sure you apply before 1:00pm on a working day.
Some of the lenders Payday Direct use might perform credit checks.
Applying for a loan using Payday Direct consists only of filling out an online application form – the entire process is faxless.
In order to qualify for a payday loan you need to have a permanent job with a salary paid into a UK bank account. They do not specify the minimum salary required in order to be eligible for a loan.
All customers are required to have a debit card.
There are no hidden fees involved in using the services of Payday Direct.
