Frequently Asked Questions

10 Common Questions!!! What is a "Payday Loan" exactly? A payday loan is a short-term loan that is approved within a short period of time. Anyone who is regularly employed can apply for a payday loan through Cheap Payday Loans. When will I get the CASH? If you successfully apply for payday loan and are accepted (the application is usually processed within 1 Hour), your payday cash will be deposited into your saving bank account on the next business day after the payday today application. How much can I borrow as a Payday Loan? It depends on your fixed monthly income, and your credit history or credit score. In general, the loan amount is small, but it is sufficient to fulfil your basic requirements until your next payday. What if I have a Bad Credit Score, Arrears, CCJs, Defaults, Bankruptcy? If you have a bad credit score, arrears, defaults, CCJs, bankruptcy you can still get a payday loan easily through Cheap Payday Loans. We do not consider bad credit a problem while arranging a payday loan for you. Does a payday loan require a Credit Check? Cheap Payday Loans lenders do not require any type of credit check in order to approve your request for funds. What do I need to qualify for a Payday Loan? The basic requirements for payday loans services are you need to be at least 18 years old, have an active checking or savings bank account, are employed, and are a U.K. citizen. How do I apply for a Payday Loan? Just complete our easy online payday loan application now and one of our financial consultants will get back to you within 24 Hrs! How much interest I have to pay if I apply for a Payday Loan? If you apply for a payday loan through Cheap Payday Loans then you don't have to worry about the interest. We will arrange the loan at a low rate of interest. How safe is my information? At Cheap Payday Loans, all your information is safe. Cheap Payday Loans is a secure site. We safeguard your data against hackers, and any unauthorized third party. Is there any application fee? We never charge fees to submit your application to lenders.

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