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7 Reviews

Quick, short-term loan website.

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    7 Reviews
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      04.01.2013 12:10

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      I have been contacted numerous times by PayDay UK asking me to increase my loan or defer it. I have told them on each occasion that i do not want to do either and i have been ignored, minutes after i had a phone conversation with them advising them to stop contacting me about the matter i received a text message offering the same thing! I feel like they are pressuring me to extend or increase so they can make more money off me. Absolutely pitiful levels of customer service, i would never use this company again and i would suggest that other people steer clear of them.

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      08.12.2011 22:32
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      Convenience but costly

      Payday UK is one of many well known Payday lenders which are advertising on our radio and tv's daily encouraging us all to take out short term loans to cater for our immediate cash needs.
      Some people, the clever ones will stay far away from these company's however for those who are really in a bad predicament financially there may be no other option to take out such a loan when there are no other options available.

      I have previously turned to Payday UK for a £240 loan which was to be paid off on my next paydate, having reviewed the interest charges and being approved instantly I was willing to pay back the total amount plus interest and had convinced myself that for the short duration required the interest was something I would of had to deal with.

      The cash was in my account within 3 hours I think at the time, the service in itself was very user friendly and convenient.

      My problem only arose when it came to collecting the payment, I was actually paid 2 days late from my employer after the date which I had agreed to pay back the loan, it was at this stage I had been contacted by Payday UK advising that I had defaulted on my payment and that a further £35.00 fee had been added to my account. I now owed £70.00 in interest from my £240 loan which I found to be extorsion.

      During the same period I also had other direct debits attached to my bank which had left within a couple of days of this time, this ment that when Payday UK tried to charge my card again it declined. I was then issued another fee of £55.00 bringing my current arrears of interest upto £125 plus my original £240 which I had borrowed.

      Eventually I paid the full balance of my account after several very abusive phone calls from Payday UK, all I can say from this experience is be very careful of how much you borrow and when you pay it back. If you don't pay every penny back on the exact date that you specify then you may end up paying half of the loan back in interest like I have.. Avoid at all costs!

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        12.04.2011 03:56

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        if i could give it minus stars i would!

        PAYDAY UK is really not worth it, a utter rip off, I tried to get this loan and I was charged even though I did not receive the loan.

        I have tried a few different loan companies when I have needed cash fast and I can honestly say none of them have given me as much satisfaction as Wonga.com, I have read bad experiences about wonga but they are usually from people who get a loan from them and then do not want to pay it back, so in all fairness its their own fault!

        Since I was introduced to wonga I have had no reason to go elsewhere and look for somewhere else because they are perfect. I have had about 5 wongas already and I have never been let down.

        If you apply for wonga (and if I was you I would rather than PAYDAY UK) use the following promo code and you will get £5.50 taken off your balance.

        The code is: hlk191

        It works! I used it too :)

        Happy Loaning! lol

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        22.10.2010 13:46

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        payday loans has a great option for the needy employed people but these loans are completely baseless when they lack no credit check so for this you must check nocreditcheckloans.org.uk if these are the real option that you wanted to know !

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        23.06.2010 07:57

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        Not worth the agro, find an alternative

        Didn't actually need the loan, but as Quidco (cashback site) were offering £50 for taking a loan out with them, I thought I would as for an £80 they charge £20 (£30 in my pocket!). Well, the hassle, the repeated phone calls (at one point I had them phone me twice during a call from them! Had to switch calls and tell them I was already TALKING to them on the other line!). They also required additional information which you have to fax or email (such as scans of bank statements and debit cards which they never received (worrying!) They even made spelling mistakes on their website (e.g. please send a copy of the front and BANK of your debit card).

        In the end, the final straw was an email telling me (once again) to send my documents to them or my money would not be deposited, to which I felt like giving up and abandoned the application!

        If I was in a position where I needed that £80 urgently, I know for a FACT I would be screwed!

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        06.02.2010 14:56
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        Definitely not for me, give it a try if your desperate.

        PayDay Uk are a loan company online who allow you to borrow a set amount of money until your next pay date. You are able to borrow between £80 and £750.

        The APR is 1737% (shocking, I know) and your credit score is affected.

        The one perk of using this sort of borrowing is how quickly the money is deposited into your bank account (within 48 hours).

        You are asked to supply your work details, as they need to confirm you are employed there.

        You are warned in the fine print that it can take 3 working days for your bank to process the funds.

        The website is user friendly with different tabs at the top of the page, allowing you to navigate around the site easily.

        My experience wasn't a great one.

        I signed up because of having to shell out for a new washing machine at the start of a month, so I was looking to borrow just £200 to see me through the rest of the month. The pay back amount would be £250. This was my last hope of surviving the rest of the month.

        I was cautious as I had never used a loan website before and I was worried about hidden charges but in the end, I didnt have many other choices.

        The form didn't take too long to complete, 5 minutes tops.

        A customer service agent called my landline to receive confirmation this was my address. I was at work and had not been warned that this was standard procedure. After 3 days without any word, I made a call to CS, where I was informed they try again on a day I would be available to take the call.

        I agreed on one of my days off, waited for the call but nothing happened.

        After another call to CS, I was told they would have to try again...on another day.

        At that point, I did not agree another day but instead cancelled through the live agent on their website.

        Im very glad I managed to cancel before any money entered my account. Would have been too messy in the long run.

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          31.12.2009 16:23
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          Good money while the offer lasts.

          Payday UK provides loans of £80-£750 until your next pay day at a set fee which doesn't vary by either your risk profile or the time until you are due to repay.
          The fee is a massive 1737% typical APR or £25 for every £100 borrowed; I borrowed £80 and repaid £100 four weeks later. This cost is ridiculous as surely anyone in employment could get a credit card; even cash advance is cheaper than this!
          It should be said however that PDUK is actually cheap compared to other payday loan companies: Purple pay day charge £25 for each £100 borrowed and Payday bank charge £20 for every £80 so the whole sector is clearly to be avoided.
          However there is an excellent reason take out one of these loans with PDUK as they are currently giving away free money!
          PDUK are the only pay day loan company presently offering a profitable deal of this kind.
          Just borrow £80 though the cash back site Rpoints to make a net £20 profit (for some reason they are named Payday loans on the Rpoints site but the site it links to is properly branded).
          I got my cash back from wepromiseto when their rate was higher but I have used Rpoints for casinos and am confident about their offer.
          I got my cash back automatically within 24hrs despite having to enter my debit card details by phone because their site kept rejecting it.
          The loan application form is a bit complicated and certainly take more than the advertised two minutes as you need to find details such as your employee number from your wage slip, they also need a phone number and address for your employer and they do call to check that you work there.
          I received my loan the day after I applied but it can take up to three days which is a very long time considering lots of their customers are paid weekly and the competition offer loans by text within minutes.
          Of course the money goes out straight away come payday, I suppose if you were a genuine customer you would be at risk of bank charges if they sucked it away earlier in the day than when the wages arrived? Maybe that's how they get repeat business.
          The support on the phone was very quick and competent the one time I used it and I guess you can forgive their other faults since they are paying you £20 for what they believe to be two minutes work.
          NB. They will do a search which will affect your credit score (they didn't used to) but it should be fine if you're not making any other loan applications within 6 months.

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