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Payday Loans Guides

Welcome to our ‘Payday Loans Guides’. Here, you can explore simple, easy-to-understand resources about payday loans. We cover the basics, benefits, drawbacks, and alternatives. We’re here to help you learn, not to provide financial advice. Start reading and boost your knowledge today!

Payday Loans Guides
last updated on March 21, 2024
Is An Overdraft A Loan?

You may have heard a friend or family member say that they have entered their overdraft after spending a large amount of money, with this being a very common method nowadays of borrowing a certain amount of money, however this does mean that they can often be mistaken for a loan.  Both do share similar […]

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Why Can’t I get a Loan

Why Can’t I Get A Loan? Loans can easily help many people to escape sticky financial situations and are a great way to gain access to money quickly and officially that can then be paid back at a later date once a profit has been made. However, in order to gain access to a loan, […]

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Loans for young people

  Loans For Young People: Comprehensive Guide It is very common for young people to need to borrow money in the form of a loan. If you are looking to buy a car or pay for some training for a job, you may require a loan. It can be very stressful to take out a […]

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Can You Pay A Loan Off With A Credit Card?

We here at My Quick Loan understand the challenges that come with paying off a personal loan. That’s why we’re here to help you understand whether it’s possible to use a credit card to reduce your costs.  The main challenge of paying off a loan with a credit card is understanding the type of credit […]

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You’ve Defaulted On A Payday Loan

You’ve Defaulted On A Payday Loan: What Happens Now? If you’ve defaulted on a loan, many fear that it can have long-lasting implications that may see them sentenced or given a hefty fine. This is with the loan provider looking to recover this money, which can cause a lot of anxiety. While you won’t be […]

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last updated on December 9, 2023
How Long Does a Quick Payday Loan Stay On Your Credit Report?

Quick Answer – 6 Years Dive into our insightful guide on the lasting impact of an instant payday loan on your credit report. We reveal how these loans can shape your credit score for up to six years and share My Quick Loan’s expert tips for managing them wisely to protect your financial future. Key […]

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last updated on November 30, 2023
How To Consolidate My Payday Loans?

Payday loan consolidation combines multiple high-interest loans into one lower-interest loan, simplifying repayments and potentially improving financial health. The easy way is to get a personal loan with a lower APR (credit score dependent). Key points: Combines multiple payday loans into one loan. Offers a lower interest rate than individual payday loans. Simplifies repayment process. […]

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last updated on November 8, 2023
How to pay off a loan faster

Taking out a loan and paying it back immediately is always a good idea to lower the amount of interest you pay. How to pay off a loan faster? Here is a list of quick answers to help you: Assess Prepayment Penalties Opt for Direct Debit Payments Make Additional Payments When Possible Reduce Non-Essential Spending […]

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last updated on June 13, 2023
Comparing Payday Loans and Short Term Loans

Unexpected events often arise, forcing individuals to seek immediate cash solutions. Situations like sudden funerals, home repairs, or car fixes require quick access to funds. To meet the insatiable demand for fast loans, money lenders have diversified their offerings over the years. Payday loans and short-term loans are popular choices for handling financial emergencies. These […]

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The Latest Payday Loan Statistics and Regulatory Facts

Introduction: Payday loans have emerged as a popular financial solution in the UK, providing quick access to funds for individuals facing temporary cash flow issues. In this article, we will explore the most recent statistics and regulatory facts surrounding payday loans in the UK, including the number of borrowers, total interest charged, online loan trends, […]

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last updated on June 12, 2023
Debunking the Myths: Are Bank Overdraft Charges More Expensive Than Payday Loans?

In times of financial need, people often wonder if bank overdraft charges or payday loans offer a more affordable solution. This article aims to look at the misconceptions by comparing the costs associated with bank overdraft fees and payday loans in the UK. We will delve into the frequently asked questions, pros and cons, and […]

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Exploring Alternatives to Payday Loans

In times of financial uncertainty, many individuals may find themselves considering payday loans as a quick solution to their immediate cash needs. However, payday loans often come with high interest rates and short repayment periods, making them a less favourable option for those seeking financial stability. Fortunately, there are alternatives to payday loans that can […]

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Are Payday Loans Still as Bad as They Were?

Payday loans have long been controversial due to high interest rates and potential debt traps. But have they changed? Are payday loans in the UK still as risky as they used to be? In this article, we’ll explore the current state of payday loans, address FAQs, outline the pros and cons, and provide an updated […]

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last updated on March 8, 2023
Can I Get a Loan Without a Credit Check?

Everywhere you look in the financial world you see mentions of credit scores and how they impact your ability to get a fast loan online. We understand that this can be disheartening and indeed many banks and financial institutes will only approve loans if you have an impeccable credit score and show that you can […]

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What is the repayment period for a quick loan for bad credit?

If you’re thinking about applying for a quick loan, you might be wondering if having bad credit means that you’ll end up paying more in interest, or if you’ll have to take out a longer repayment schedule. The truth is, repayment schedules will vary from lender to lender, some lenders like Quickquid will also be determined […]

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last updated on July 2, 2020
List of Every Payday Loan Website in the UK

Looking for payday loans near me? Here is our comprehensive list of the every payday loan website we could find: My-quickloan.com – https://www.my-quickloan.co.uk/   CashEuronet-  https://www.casheuronetuk.co.uk/   1st class loans – https://www.1stclassloans.co.uk/   Credit star UK – https://www.creditstar.co.uk   Cashfloat https://www.cashfloat.co.uk/   Lender – https://www.mrlender.com/   Quidmarkets loans UK – https://www.quidmarketloans.com/   poundsTIll payday – […]

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Warning: Late repayment of payday loans can cause you serious money problems. For help, go to moneyhelper.org.uk.

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