Flexible Payday Advances

Applying for a secured loan can be difficult if you have a bad credit rating. A secured loan is a loan usually provided by the bank and will include a set of conditions depending on the borrower's income and financial situation.

If the borrower has a bad credit rating and low income a secured loan is usually unattainable with the exception of using the borrower's car or other assets as a guarantee.

The My Payday customer support team can answer questions about our service and payday advances, they can also help you get started on the payday advance application too.

Better chances with Payday Advances

The alternative is unsecured loans or payday advances. Unsecured loans, such as payday advances, are loans that are not offered solely on a credit rating basis, and instead focus on the borrower's monthly income. Payday loans is technically available to anyone and is offered as a payday advance as long as the repayments can be met.

Applying for payday advances won't involve putting your house up as collateral and are often used to consolidate debts or help with short term financial difficulty.

Find out more about how Payday Advances work on the My Payday FAQ page

Fast Transfer Payday Advances

Although unsecured loans, such as payday advances, charge more they are often available on the same day as application, more attainable and payday advances offer far more flexible in borrowing options and manageable repayments.

A borrower can be accepted for payday advances as long as they can make the repayments agreed on the application as the borrower is legally tied to the loan agreement.

Borrowers should always ensure they are able to make the repayments otherwise debt can mount up.

Providers of Payday Advances will evaluate your credit situation and apply a rate of interest on the borrowed amount that reflects your credit risk level and financial situation.

Whatever your credit history you'll have more of a chance with a payday advance.

My Payday helps thousands of people find loans every week

< Back Articles List Next >