Why might I need a payday loan?
However carefully you manage your domestic budget, there are always times when unexpected or unplanned expenditure catches you unawares.
If the car you rely on to get to work, for example, breaks down, you have little option but to get it repaired — and that might mean borrowing a few hundred pounds to get your essential transport back on the road again.
Alternatively, you might have spotted a never to be repeated offer that could save you many pounds — if only you had the extra cash to hand.
That is where payday loans may offer you a solution.
Is there an easy way to compare UK payday loan lenders?
When time is at such a premium on these occasions, the last thing you want is to trawl around from one lender to another.
At the same time, though, you want to compare as many offers as possible to ensure you get the most attractive deal.
On those occasions, a specialist lender with established working relationships with a network of payday loan direct lenders in the UK is able to make the comparisons you need — and quickly. Such a specialist is in a position to recommend the lender with the most suitable deal to meet your needs.
What are the benefits of brokers offering direct payday lender loans?
By consulting a specialist broker in this way, you enjoy the benefits of:
- comparing the deals on offer from a wide network of different direct payday lenders;
- tap into the flexibility that comes from choosing from such a wide range of lenders;
- the ability to make your application at any time of the day or night, via your mobile phone, tablet or desktop computer; and
- ensure that the loan you need is delivered directly to your bank account in the fastest possible time.
Not only that, but if you repeatedly apply for payday loans from different UK direct payday loan lenders, this potentially could affect your credit score - negatively.
This is because, depending whether the lender does a ‘hard’ or ‘soft’ credit search, lots of applications to different providers could show up on your file. To the organisations you are looking to borrow from, this could smack of financial desperation — making your chances of being accepted for a payday loan even less.
By using a high acceptance payday loans specialist, you simply make one application — and you’ll be matched with the direct payday lender who is most likely to approve your application. This saves you time, effort and protects your credit file.
(It won't affect your credit score‡)