What Is A Payday Loan?

A payday loan is a short term loan that bridges the gap between you and your next pay day. Designed for those unexpected emergencies that happen during the month, a pay day loan is high interest, meaning they are not a long-term financial solution and should only be used in emergencies.

There are a huge number of payday lenders on the market, each keen to help you borrow when other loan companies may have turned you down. This site brings together some of the UK's top payday loan companies for you to compare before you decide if a pay day loan is right for you.

As payday loans use such high interest rates, many people can and do get into financial difficulty for being unable to repay their short-term loan on time and in full. If you are in financial difficulty due to payday loans, please visit our 'I can't repay my payday loan' section for helpful advice on what do do if you are in financial difficulty due to being unable to pay short-term lenders.