The main focus here at Payday Loan Companies is to guide you to the very best payday loan lenders operating on the market today. It would always be advisable to go directly to a payday lender, but there are benefits in using a payday loan broker. You just have to make sure that you choose the right one and my experience in the industry tells me that the company that you should be using is Payday Bank. There are many more brokers around such as Get Me To Payday, Purple Payday and Redhouse Financial, but it is Payday Bank that stand forward as a clear frontrunner for me. This will be examined here today, but firstly let’s look at what the benefits are of using a payday loan broker, in this case – Payday Bank.

If you have never used a payday loan before then it can be time consuming moving from lender to lender to either: a) be accepted or b) to find the payday loan product that suits you most. Payday Bank have valued experience in the industry and from studying your application are in a better position than anyone else to advise you on which payday lender would be most suited to you; they have a panel of lenders at the ready and do all the hard work of quickly finding the perfect loan product for you. They usually do this on the very same day and can get a same day deposit to your bank account. Payday Bank can boast some of the highest conversion rates in the industry and what makes them so unique is that they have a great team behind them.

This team is very responsive – I remember sending them an email in the early hours of the morning and a few hours later I had already received a helpful reply. This is very important in my eyes and what I like about Payday Bank is that their website is simple and effective. The other payday loan brokers tend to deceive consumers stating that there will no credit checks and faxing will not be required. They say that in large bold text across their sites, but you have to understand that 95% of the payday loan lenders do credit check you and may require faxing if the application falls short; brokers don’t credit check you, but the lenders that they find may just have to. Payday Bank are the only outfit that don’t throw up these false claims.

From studying past consumer reviews, Payday Bank always score very high and I hear time and time again that their customer service team are excellent. In regards to what they can offer, they provide what I would consider to be the “traditional payday loan” that would be £80-£750 cash, on a same day deposit, with 25% interest charged on the loan amount that you eventually go for. The requirements are also the norm, equating to the applicant required to be 18 years old, from the UK, to have a bank account and to be currently in employment. If you’re new to payday loans or can’t be bothered shopping around then Payday Bank (in my eyes) are the guys to go for.

Interest for a £100 Payday Loan:
£25. So that’s 25%.



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