Pay Day Advance FAQ’s

What is a Pay Day Advance?
A Pay Day advance is basically a short term loan from a lender based on your forthcoming wages/income.

Sometimes unexpected expenses rear their ugly head. While we may budget for the one off item, more often than not, it triggers more than one costly outgoing in the month.

The washing machine breaks down, the chance of a last minute holiday has come up and someone forgot to put money aside for that school trip which is now due.
Some things just cannot wait until pay day so that’s when a pay day advance can be a very helpful tool.

 

Where can I get a Pay Day advance?

The internet is heaving with Pay Day loan companies offering a multitude of lenders and brokers. Choosing the best lender that suits your needs is very important. That is where we can help.
Payday Pig is one of the UK’s leading short term loan brokers and we work with the major UK payday loan lenders. A straightforward secure online application is available and saves you from having to shop around trying to find a lender that will accept your application.

 

What do I need for a pay day advance?

Applicants must be at least 18 years old to apply for a payday loan. You also need to have a bank account with a debit card and meet the general affordability criteria. As with any financial choice, it is important to check out the lending company you are considering using.

In general you should also be in full time employment and earning at least £500 per month. However we now ask you to complete details listing your monthly expenses ans increasingly pay day loan lenders are using this information when deciding whether to lend money.

We also offer other short-term loan products for people who do not qualify for a pay day loan. For example you may be offered a loan with a longer borrowing period and a lower APR.