Payday Uk For Same Day Loans

Background and Beginning:

Payday UK is one of the leading online same day loans lending companies in the United Kingdom that provides short-term loans to solve the financial emergencies of the customers.
"MEM Consumer Finance Ltd" is into the short term loan business by the name of Payday UK, which is among the largest online payday lenders in the United Kingdom. Since August 2003, more than 100,000 customers benefited through short-term same day loans with the assistance of MEM Consumer Finance Ltd and with the establishment of Payday UK in October 2003, the numbers have grown with a rapid pace.
One can apply for an online payday loan at any time, from the comforts of his home. These services are available on Monday to Friday, from 9:00 to 20:30 and on Saturday from 10:00 to 16:00. The customer service team is available for the customers to answer their queries and guide them through the procedures to obtain loans.

The licensing of MEM Consumer Finance Ltd is performed as per the "Consumer Credit" and "Data Protection Acts".

Registered Company Number is 04786727
Data Protection Number is Z910879X
Consumer Credit Licence is 539935
Registered Office is at "Witan Gate House", 500-600 Witan Gate West, Milton Keynes, Buckinghamshire, MK9 1SH.

Terms and Conditions:

Payday UK is the product of MEM Consumer Finance Ltd that enforces strict underwriting policies follows:

The money lent does not exceed 32% of the customer's monthly income.

Repetitive borrowing is restricted for preventing the long term use of the loan.

At any time, no hidden charges or spiralling interest is applied on the loan.

The information and opinions contained in the site does not constitute neither offers nor does it solicits for selling any financial instruments or provide any recommendation concerning such financial instruments. Currently, the website allows access to the people from England and Wales who are 18 years or over. One can borrow up to £80 - £750 at a typical rate of 1845% APR and can use the money depending upon his or her financial requirements. One has to just fill a "Fast Payday Loan Application Form" for the loan. Only £25 is charged per £100 amount borrowed excluding any administrative cost.

You Borrow	You Repay*
£80	£100
£100	£125
£200	£250
£300	£375
£400	£500
£500	£625
£600	£750
£750	£937.50

*The amount is payable in a single installment on the payday of the customers. The payment is debited from the debit card of the customer on the payday for the borrower amount.

Application:

After the approval of the loan, the borrower has to provide the details of his or her bank account and debit card to the company so that the loan get repaid on their next payday. The loan agreement can be signed online as it will get displayed on the site after approval. The money will be transferred on the same day of approval.

Deferred Payment:

The site allows the customers to defer their loan payments albeit with certain charges. For this, they are suggested to contact the customer support services.

Business Affiliation:

MEM Consumer Finance has its affiliation with some leading financial companies including:

www.moneyexpert.com

www.moneysupermarket.com

Customer Support:

The site facilitates the customers with the online customer support system through e-mail - account.services@paydaycontact.co.uk, by a telephone number - 0871 550 0073 and Fax number - 0845 127 4365.
By Post:
Payday UK
PO Box 255,
Bicester, Oxfordshire,
OX26 4ZY

Other Features:

On occasions when the loan amount is overdue, the administration has the right to charge a fee of £10 for the letters of repayment reminders.

They have nearly 200 employees working with full dedication and determination to provide better services to their customers.

Providing additional facilities to their existing customers by assisting them in managing their accounts, getting a new loan and checking their balance.

They follow hassle-free and fuss-free money lending to their customers.