Pay day loans

A pay day loan is a very common occurence these days.

Effectively, they are short term loans because they usually only go up to £500 as a maximum and they are designed to help you financially until you get paid and then the loan company takes their money back.

Here is an example;

It is the 17th of June and you don’t get paid until the 30th yet you need to pay for your car tax (it’s already 17 days late and if you get caught…). So you approach loansquickly.co.uk and you write us a cheque for £100. We then give you £90 back in cash (our commission is £10) and we put your cheque to one side and then cash it on the 30th – the day you get paid.

See, a pay day loan is that simple.