needs to apply for a wage advance loan is to be over eighteen
years of age, a resident of the United Kingdom with a valid
bank account and expecting to receive a pay cheque sometime
soon. Evidence will naturally be expected to satisfy all these
criteria before issuing a wageday loan.
fairly basic conditions have been met the wageday loan money
will be loaned and transferred into the borrower’s bank
account within a matter of minutes. The terms given will include
a repayment fee which, if multiplied appropriately over 52 weeks,
will appear extremely high but within the context of the very
short-term loan it remains modest. Monies owed are deducted
automatically from the borrower’s bank account on an agreed
day, when the pay cheque is received.
because the wageday advance is by its very nature a very short-term
loan the lender will need to ensure that it receives some benefit
from its issue, as well as making some provision for covering
the small number of defaults that will inevitably be made. Therefore
a charge will be made to the borrower and because of the number
of wageday loan companies involved in the payday market this
will vary considerably from one lender to the next.
seeking a wageday advance would be well advised to shop around,
visit comparison sites, seek quotes and look for any hidden
charges that may lurk inconspicuously at the foot of the small
print. Try the above wageday loan companies to get a quote today.