What are Payday Advances?

Payday Advances are an increasingly popular financial solution when you're waiting to get paid. After all, bills and emergencies won't wait - why should you? They are short term loans which you repay, along with the interest, once you've been paid. There are NO charges for applying, and you can even apply with no obligation. Payday advances aren't based entirely on credit scores either. Because they're short term, it's more important that you can show you'll be able to pay it back within the agreed period (usually 28 days).

In order to be eligible for payday advances, you need to be

• A UK resident
• With a UK bank account
• Aged at least 18 and
• Currently employed.

How do Payday Advances work?

Payday advances (also found as Same Day* Loans or Payday Loans ) are fast and easy to apply for. Just fill in some simple details, including your work details, home contact details and your bank details. It shouldn't take more than a couple of minutes, and you'll receive a fast decision with no obligations. If you're accepted, you'll be sent the terms and conditions. If you accept these, you can be sent the cash, normally the same day*. Repayment is set up when you accept the agreement, and is a simple, one-off payment.

Payday Advances and your privacy

If you apply for payday advances with MyPayday, this will be a discreet process. Your data is kept secure in accordance with our privacy policy and according to the Data Protection Act 1998. Guidance on our obligations for the protection of your data can be found on the Information Commissioner’s website.

Your privacy is important to us. You can be rest assured that we are a reputable and responsible company which is regulated under the Consumer Credit Act 1974(as amended) - please see the OFT website for further details.