A lot of the things you read in the press about payday loans are bad, and equally wrong. They are a result of lazy thinking and fear-mongering, and are actually disrespectful to those people who use payday loans. The criticism comes down to three main points, which are addressed here. The 3 most widespread myths [...]

We are living in difficult economic times. The economic conditions are as wintry as the weather, or maybe even more so. There are bills to pay, expenses that have to be met, and soon, with Christmas nearly upon us, there will be presents to buy. Any of these things can come along and make it [...]

Next month is of course Christmas time. This is on the whole the most expensive time of the year for most people, with a multitude of expenses from buying presents, to buying extra food perhaps, maybe travelling to visit family, and any number of other costs. This means that it is probably going to be [...]

Something which we have been repeating quite frequently on this site is that payday loans are actually cheaper than unauthorized bank overdrafts. It is worth repeating because payday loans often get a bad press, which makes it gratifying that this time it was a major newspaper that made an investigation and came to the same [...]

In the previous blog post we explored what makes payday loans a form of short term borrowing. Actually, only one factor was considered, that of APR. It was concluded that if one were to design a short term loan, the APR would have to be high so as to avoid people taking it out in [...]

Payday loans are a form of short term borrowing. There are a numbe of reasons for, or consequences of this, depending on how you look at it. If you take the position that they are designed to be short term loans, then there are factors that can be seen as consequences. If on the other [...]

A survey done by a firm which sells discount vouchers has revealed that people in Britain are worse off now than they were this time last year. This has meant that more people have had to rely on payday loans, and this is likely to increase as Christmas approaches. Worryingly, this comes at a time [...]

When you are looking to take out a payday loan, you will usually need it quickly and with no hassle. That is exactly what you will get from Payday Loans UK. The application process is fast, taking only a few minutes. And the money will be in your account within hours of the advance being [...]

It’s that time of year again. The time of year that children all over the country (and significant proportions of the world) look forward to eagerly all year, and parents try to make special. Even if you don’t have any children though, Christmas can be very expensive. Presents for friends and family, all the food, [...]

There’s lots of reasons why you might need to get hold of some emergency cash, but it’s not always possible from conventional sources. If you want a loan, banks usually only make long term ones, and then you need a proven track record with credit reports. That’s no good for a lot of people, and [...]