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Cash Advance & Payday Loan FAQs

Browse the list of cash advance & payday loan frequently asked questions below, or if you can't find your answer below you can always put your question to the experts.


Frequently Asked Questions


Q.

Who can get a cash advance or payday loan?

A.

Pretty much anyone who has a regular income and a current account can take out a cash advance or a payday loan – as there are often no credit checks involved to apply.

Cash advance and payday loan lenders are regulated by the financial services authority – however, with these loans being so easy to get – and the fees charged aren’t exactly cheap - you should weigh up whether or not you really need to take one out. ... read more

Q.

How much can I borrow?

A.

A payday loan can prove invaluable if you have a short-term financial emergency and need cash to tide you over until payday.

There are a number of lenders that specialize in offering payday loans, and the amount that you can borrow will vary from one lender to another, as well as being dependant on your circumstances such as your income, but will usually be in the range of £50 - £750.... read more