Why Choose Payday Pixie?
Welcome to Payday Pixie! We help thousands of individuals each week receive instant payday loans. We pride ourselves on being an uncomplicated and reliable way to receive the quick money you need. Here at Payday Pixie, we understand how overwhelming it may feel when faced with financial strains, no matter how big or small. That is why we will help you every step of the way to select the most dependable and affordable loan you need. Unlike some other financial service websites, we ensure that our customers are in full control of their pay day loan. You will be able to decide the exact amount of money you want to lend, and how long you want to borrow it for. By using our leading lending platform Monevo, we are able to quickly find you the best short term loan providers in the UK to choose from. If you are currently struggling with more serious financial problems, please visit moneyadviceservice.org.uk for free impartial advice and support. You can simply fill in our 5-minute application to apply online with us today. .
How it works
Choose your loan amount
Use our home page sliders to choose the loan amount you wish to borrow and the time in which you wish to borrow for. Total Loan amount, interest rates and chosen term will be fully displayed to you.
Fill out our simple 5 minute application form and our Monevo lender matching technology will do the work for you! Receive an instant online decision. We’ll ask for your address, bank and employment details. Your application is 100% online.
Your application will be submitted to our Monevo Lender Panel. If approved you will be redirected to the lender application form where you can check everything over to make sure you are happy with it. You are under no obligation to accept and can still accept or reject the loan offer at this point.
Once you have accepted your Loan Agreement, your funds will be automatically transferred into your bank account by the Lender. You could receive your funds in just 15 minutes!**… It’s that simple!
Payday loans are temporary solutions to cover monthly expenses or help households between their paydays for unexpected outgoings. They are the smallest type of loan that the UK offers, and have grown massively in popularity because of their flexibility. It wasn’t until Payday Loans that people were able to stop setting up large overdrafts to cover expenses, which could result in having to receive a bigger loan than was needed thus, a bigger amount of debt. Generally, Payday loans are borrowed on short term basis’, with most people paying back their loans within a few days, weeks or when they receive their next pay cheque. Therefore, Payday loans make a simple solution to borrowing money short term without having to ask friends or family to lend money or commit to a larger overdraft.
Why not check out our article on choosing an overdraft or loan?
At Payday Pixie, we remain committed to keeping short term loans as simple and fast as possible to access. We know that sometimes, even with the best financial planning, households can be hit with unexpected bills such as your car breaking down, a boiler breaking or other general living costs. It does not matter what your reason for wanting a short term loan is. Payday Pixie will ensure that your application is processed instantly, and that money can be within your bank in as quick as 15 minutes**. All you have to do is choose how much you want and when you want to pay it back, then fill in our 5-minute application which will then redirect you to a loan that works best for your criteria. After checking that you are happy with the loan agreement you can have anything from £50-£3,000 transferred directly into your bank account. We also know that not everyone will want to pay their loan back within a month. That is why some of our payday loan lenders will offer you up to 3 months’ repayment time. It is both a secure and efficient online system which allows you to receive the money you need from the comfort of your home.
Unlike many other types of loans, paydays typically consist of an online application process, unlike many banks and lenders a face to face meeting will not be required when applying for Online Loans.
Fast Cash Transfers
Our free and fast service means that you can apply for a UK payday loan for your chosen amount of money and repayment schedule, and receive an instant approval. Payday Pixie online application takes just 5 minutes to complete. This means we can save our customers from the inconvenience of having to make time for a phone call or to fill in pages of paperwork. The simplicity of our application process is why we have earned our reputation of having one of the fastest and most efficient loan application process in the UK. We care about our customers and know that being in financial difficulty can cause stress, which is why we ensure our application process is as stress free and simple to use as possible. You can sit back and have your desired amount of money transferred to your bank in up to 15 minutes **.
No Hidden Charges
Payday Pixie’s service is completely free of charge. You do not need to worry about being charged any ‘hidden’ additional fees when using our company. Our Monevo lending panel technology provides you with an instant, free, online decision. If your application is unsuccessful no charge will be made to your account. Moreover, you are not under any obligation to a loan until you have filled out and sent in the loan providers application form.
You can rest assured in our expertise, as our UK payday loans company has already helped thousands of people receive the cash they need. We have many returning customers who have rated our application process highly against other financial companies such as banks due to the ease, transparency and support we offer throughout the application process.
Payday Loans UK
|Payday Loans UK||Some Of The Lowest UK Rates|
|Payday Loans||Borrow £50 – £2,000*|
|Instant Payday Loans||15 Minute Cash Transfers**|
|Short Term Loans||3 Fixed Monthly Payments|
|Payday Loans Online||5 Minute Online Application|
|No Credit Check Loans||Performed by UK Lenders|
Our UK payday loans help thousands of people every week receive additional funds quickly without the need of having a face to face meeting with a bank manager. The application process itself is a lot faster and much less strict than other financial companies such as banks or building societies who require bank statements and payslips which is why payday loans have become such a popular choice.
You can use pay day loans as a short term solution to provide yourself with extra money to pay for anything you want! There is no restriction or fine print about what you can use your payday loan for. There are numerous reasons someone may want to apply for a payday loan. Not only can they pay for a one-off expense such as a holiday or new car, but they can be used to help you afford unexpected outgoing such as a broken washing machine. Below are some of the popular reasons people have taken out pay day loans with us:
When looking into taking out a payday loan, it is strongly advised to check your accounts and make sure that you will be able to pay back the loan over your next paydays. You can do this by calculating your monthly income, and check to see that enough is left over after bills and living costs to make your regular repayments.
Unfortunately, if you are not able to adhere to the repayment policy you agreed to with your lender and fail to meet the repayment on time you can be charged a default late payment fee of up to £15. You can find out how much of a late charge you will be charged in your loan agreement.
If you are unable to repay your loan on time, this information of failure to pay or late payment maybe sent to a credit rating agency and have a consequentially negative impact on your score. If you are concerned that for any reason you will not be able to make your timed payments, you should contact your lending provider as soon as you can. You could also visit the free support site MoneyAdviceService.org.uk. which was created by the government to offer you impartial finance advice.
Payday loan providers can sometimes be reluctant to approve you for a payday loan if they feel that you might struggle to pay the loan back. They will decline applications to protect the customer from debt if they believe that they will not be able to make the necessary repayments on time or at all. Some reasons that your application may be rejected could be due to you being unemployed as the lender will not have a payday guarantee that you will be able to pay them back, you have already taken out numerous payday loans, or you have a bad credit rating.
However, some loan providers will still agree to give you a payday loan if you have bad credit, so it is still possible to be granted a bad credit loan.
If your loan is declined, we may be able to still provide you with with alternative money solutions, depending on your circumstance. Some other financial options you may want to consider are:
If you are interested and want to understand these alternative methods of borrowing money please visit MoneyAdviceService.org.uk. which will provide you with unbiased advice.
Before accepting a lenders application, make sure you are happy with the outlined repayment schedule. Repayments are usually agreed to be repaid either through direct debits or via a recurring payment. These will usually begin to be repaid after your next payday.
It is a legal obligation for lenders to advertise their Annual Percentage Rate (APR) in the UK. This rate shows the applicant the amount of interest that will be added onto a loan annually. Loan providers of pay day loans are sometimes accused of charging high interest rates. However, this is because rather than the percentage of APR interest on a loan being applicable for a year, short term loans usually only last for up to 3 months. This shorter duration can make the APR look higher than a typical banks APR on a loan.
Your repayment schedule should include the total amount of loan taken, in addition to the interest on that loan. It is dependable on the loan provider, but generally your payments will be divided into equal amounts over the repayment time.
Yes, most payday loan lenders will allow you to contact them and pay your loan off earlier than scheduled. Some people prefer to do this if they are able to, because it means they will save money by clearing their debt earlier, as your lender will only charge you for the interest for the amount of days that the loan has been open for rather than the full period of interest. The majority of payday lenders will not charge for a fee for early repayments, however we advise that you should always thoroughly look through your contract before you enter an agreement with a direct lender.
As one of the UKs leading loan broker websites, we work with some of the best payday loans direct lenders throughout the UK. A payday lender is a company that will directly deposit your selected amount of a payday loan into your bank. They pay your funds in a single deposit within a very short amount of time for your convenience. When you complete the loan application form and confirm to take out the payday loan offered to you on our site, you are entering into an agreement with the payday lender providing this money.
As it is an agreement you are entering into, you need to make sure that you are completely happy with the repayment dates and terms as well as the interest rates before confirming your application with them. Although some customers prefer to go directly to the payday loan direct lenders, many choose to use shop around using a loan broker website such as Payday Pixie to ensure they are getting the best deal. By using our company, you will be provided with the best deal to suit your needs, without having to dedicate large amounts of time to comparing websites yourself.
Your application with Payday pixie takes just 5 minutes and gives our customers instant results.
Because using payday loans online is fast and convenient. You are able to apply using our online application form within minutes without the hassle of organising bank appointments and collecting together bank statements and other paperwork that is required for some other financial providers. You are in control of how much money you want to lend, and when you want to repay it.
On average, customers tend to borrow between £250-£270; (Statistics taken from The Guardians article on UK payday loans) which is typically repaid up to three months later. Most of our customers use the online payday loan to pay for unexpected charges and bills which they otherwise would not be able to finance until their next pay day. Put simply, Payday loans online are one of the easiest ways of applying and receiving the money you need directly to your bank account within a very short period of time.
We believe that we should only ask our customers to fill in one, easy to complete application form. We successfully strived to make the application process for payday loans one of the quickest and easiest in the UK. It takes just 5 minutes to complete our online application form, where we will ask you for your address, bank and employment details.
After this our leading lender matching technology Monevo will take over and instantly report back to you the lender who can provide you with a loan that is suited to your needs. Unlike many other loan broker companies, we do not require paperwork such as bank statements or loan guarantors to be able give you an instant response to your criteria. For further information on the application process you can visit our how it works page.
Bad credit is a result of having a history of poor financial management. For instance, if you have missed credit card payments for utility bills or have paid a bill back late. If you have bad credit than you may find it more difficult to borrow money as banks and other financial companies may see bad credit as an indication of being a riskier loan. Therefore, bad credit is unfortunately an obstacle for some people when applying for loans.
Payday Pixie accepts all forms of credit history from good to bad credit. If you do suffer from bad credit, you can rest assured that we still might be able to provide you with a payday loan. As long as you can afford to pay back the money borrowed in accordance with your repayment schedule which is confirmed with your payday loan lender, then you are able to apply for a short term loan with us.
Payday loans were created to meet the urgent cash needs that everyone sometimes suffers with. If you apply for a bad credit loan with Payday pixie, rather than going directly to a single bad loan lender, we will provide you with a wider range of loan options which means you will have more chance of being accepted by a lender. This can save you time you may have otherwise spent shopping around numerous providers yourself.
If your application is rejected, it does not mean that you aren’t able to access other forms of credit. We may even be able to introduce you to some other financial products that are suited to those with specifically poor credit history. If you are suffering from more challenging financial difficulty and don’t know how to solve your problems please visit moneyadviceservice.org.uk as they will be able to provide you with advice and support on your situation. If you are wanting to apply for loans but are unsure as to what your credit rating is, you can use the free of charge UK credit score report from Experian to check your score.
There are a few techniques you can use to avoid developing a bad credit rating. First of all, you should check you credit report. If you haven’t already received your free copy of your credit rating you can use a credit reference agency such as Experian, to send over your free of charge annual credit report. It is important that you check the document carefully as it may contain errors, such as listing late payments that didn’t actually occur. If you find anything incorrect on your report you can then dispute this with the credit bureau and improve your rating. Even a misprint in your address can effect your credit rating!
Another solution may be to set up payment reminders. Payments being on time is one of the biggest influences on your credit rating. You could also enroll in direct debits, or many banks now offer free text reminders for payment dates. By paying your bills in time, you are proving to your lenders that you are able to manage your finances successfully and are a reliable borrower.
Experian offers all users an easy to user dashboard which clearly tells you what your credit score is along with things that may be damaging your credit score. You can see an example of their dashboard in the image shown below.
Payday loans actually began in the United States. Since arriving in the UK, the short term loans industry has been rapidly growing in popularity. In the UK, the typical payday loan sum is between below £500 and paid back within 2 weeks on average. They are regulated by the FCA (Financial Conduct Authority) which supervises payday loan providers’ prices of interest and data sharing to protect the lender.
When applying for a payday loan, there are certain information that lenders need to help make a decision. Payday Pixie will not carry out any form of credit check that may harm your credit rating, however lenders that we work with may choose to carry out a credit check when you are applying for a payday loan. Some lenders base a decision on other personal information that will help them decide if you are suitable for a loan. No credit check payday loans for bad credit histories are quite hard to find, the reason being is that if you have a bad credit history, the chances are that a lender will want to dig a little deeper into your history to find out if you would encounter any problems when it comes to repaying your loan. Here is a breakdown of what information will be required to help make a decision.
Trying to find a lender that offers a no credit check payday loans for bad credit histories can be an impossible task, given that the majority of lenders will insist on performing a credit history check to see if an individual is eligible for a loan. This means that they will need to carry out at least some form of credit check which will usually involve at least an identity check to ensure that you are not bankrupt. It will not be Payday Pixie who will carry out any form of credit check but instead it will be the lenders we work with who may choose to carry out one when considering your application. This is standard procedure and is the same regardless of which company you use and whether you go to a direct payday lender or use another broker.
You should not be concerned about a credit check if your credit is good. Understandably, those with a poor credit history may worry that they will be rejected because of their past scores. This is not always the case. Although the lender will want to check your history perhaps more deeply than if you had good credit, they will only be doing so to ensure that you will be able to pay back their loan. Therefore, you still may have the opportunity to take out a short term loan. Here is a breakdown of what information will be required to help make a decision when lenders check your credit history:
Unlike other financial companies, we will never ask for paperwork such as bank statements, payslips, references or a personal guarantor. Being online is what makes us one of the quickest and easiest ways to apply for a short term loan.
We promise to be upfront and transparent about any terms and conditions. We never have, and never will, charge any fees to our customers. Our applications are completely free of charge. Our company Payday Pixie is dedicated to ensure lending is responsible and uncomplicated, with you always in control. It is for these reasons that Payday Pixie is continuing to grow as the UK’s favourite loan service.
Instalment loans are widely known by the fact they are paid back in equal installments each month to the lender. The repayment schedule is finalized before the beginning of the loan. Generally, installment loans offer more money than a short term pay day loan. Payday loans on the other hand are made up of money that is offered in smaller amounts and paid back within a shorter duration. It offers a prompter way for people to borrow money when in need and the individuals are even able to pay back the pay day loan early if possible which means they can save on interest.