Direct Lenders For Payday Loans
Direct Payday Advance Lenders

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What Are Payday Loans?

Payday Loans are short term cash advances to tide people over until they next get paid. They are for relatively small amounts of money and are usually only meant to last for a matter of days or weeks. They are a well established and much used facility in the US and have become increasingly common in the UK in recent years. Further down this page you will find some recommendations for reliable and fast lenders in the US and the UK.

You need to be aware that payday loans are not a solution to serious debt problems. If you have ongoing debt problems, you need to read the pages on debt management plans and debt settlement. If you use cash advance loans to try to deal with debt you will set up a cycle that will make your situation steadily worse. Payday loans are ideal for short term, one-off emergencies. You should only borrow as much money as you can pay back on your next pay day.

Borrow Money With Bad Credit - One Advantage of Payday Loans

The really good thing about payday loans for many people is that your credit history doesn't really matter. Because the loan is for a small amount, the lender knows that you will have enough money coming in your next couple of pay packets to cover it. Therefore the main thing they need to be sure of is that you have a job, and an easy way to give them their money back. The usual requirements by most loan companies for this sort of short term cash advance is that you are over 18, in a job, have a bank account and are a resident in the same country the lender operates in.

How Much Will It Cost Me?

Because the amounts being borrowed are relatively small, the fees are quite small too, provided you stick to the agreement and pay the loan back on time. Most cash advance lenders apply a fixed fee for each loan. The problems with payday loans arise when you miss the deadline for payment, as some companies have very severe penalties for late payment.

While loan fees themselves may be relatively small amounts, if you look at the actual interest rates, they are going to appear extremely high. They are high, but this is because the loan is for such a short period and it would not be worthwhile for the lender to charge any less. We tend to compare interest at annual rates so when you look at the rate as if it were applied over the whole year instead of a few days, it is indeed very high.

The main thing to bear in mind is to be very sure you do whatever is necessary to make the repayment on time, otherwise the loan will become much more expensive. Most companies will set up either a debit authorisation from your bank account or sometimes a post dated cheque.

How Quickly Can I Get The Money?

Provided you apply early enough in the day, good loan companies should be able to process your application online within minutes and have money in your bank the same day. Weekends and late in the day applications can delay this process.

US State Laws on Payday Loans

For US citizens, cash advance loans are sometimes restricted by the laws in your home state, so you may not be eligible for a loan in certain areas. There are currently about 11 US states where payday loans are prohibited or restricted.

Recommended Direct Lenders for Payday Loans
Top Choice For The UK

(see BELOW for US Lenders):

Top Choice: SameDayMoney (UK Only)

SameDayMoney are actually a broker, but I am not only including them in this list, but making them the top recommendation because they have none of the usual drawbacks with brokers, and more advantages than most direct lenders.

They will lend up to £1,000 and it can be in your bank account within two hours of you applying! You will get an immediate decision and if you are accepted you can get money transferred straight into your account.

To be accepted for a loan by SameDayMoney, you must:

• be aged over 18 and resident and able to work in the UK


• be employed and receive a regular salary


• have a bank account that accepts direct debits


• have your salary paid direct into your bank account and take home at least £750 per month

If you meet these criteria, you should have no problem getting a loan. Simply fill in the Online Form, which is a straightforward one page document, so you can see exactly what you are going to have to fill in before you start. Take care to complete all fields accurately.

A Really Fast Lender: PayDay Financial (UK Only)

PayDay Financial specialise in getting money into your bank account on the same day as you apply, with no faxing of documents. Bad credit is not a problem and you can get up to £750 in your account today (on your first application you are likely to be limited to about £200, but you can get more when you use them again).

Eligibility is very straightforward - to get a loan you must:

• have a bank account that accepts direct debit


• be at least 18 years old and resident in the UK


• be employed and receive a regular paycheque

To find out if you can get a loan today just complete the online application form and get your response.

Probably The Fastest Direct Payday Lender:
Wonga (UK Only)

Arguably the fastest and easiest way to get cash, you could have up to £400 in your bank account in an hour from now! The first time you apply, £400 is the most you can get, but once you sign up and use them, they gradually increase your 'trust rating' so you can get up to £1,000. If you need more than £400 just go straight to one of the other lenders below.

Just visit the Wonga Website, select how much you want to borrow and how long you need it for, then go through the simple online application process. You should get an answer immediately and have money in your bank account very soon after that.

Direct Payday Advance Lenders: Payday Express (UK Only)

Main Points:
Payday Express Offer loans from £80 to £800 and provide a complete online service, with no faxing of documents or evidence.

The process involves carrying out a quick credit check (which only takes a few seconds), but this does not mean that if you have a poor credit record or a county court judgement that you will be refused.

You will know if you are accepted in just a few minutes and the cash will usually be in your bank the same day if you apply before 2.30pm. For later applications you will get the cash on the following day.

Eligibility:
Payday Express require you to be over 18 years of age, a UK resident (not necessarily a citizen), in regular employment with your wages going straight into a bank account and with a debit card for the same bank account.

Apply for a payday loan from Payday Express here.

Direct Lenders For Payday Loans: Payday Finder (UK Only)

Payday Finder will not carry out a credit check, so it makes no difference how bad your credit rating is. They will give you an instant decision on whether you are approved for a loan, and if you accept the offer, you will normally have cash in your account in 24 hours or less.

You can apply for between £80 and £750, but you may be limited to about £300 if you are a first time borrower. You can gradually increase the amount you can borrow when you have used the company a few times and established a relationship of trust.

To apply for a loan just visit the Payday Finder website and complete the online application form. Take care to fill in all fields as accurately as you can to prevent any delays.

Direct Payday Advance Lenders: Payday Bank (UK Only)

Another of the UK's leading payday lenders and one of the highest approval rates around. Fast and efficient and with competitive rates, Payday Bank offer loans between £80 and £750 and can usually get cash into your bank account on the same day you apply. Bad credit is not a problem, and you should be eligible for a loan provided you are a UK resident, over 18 and earning over £750 per month.

Applying is very easy - just visit the Payday Bank Website and click on the 'Apply Online Today' button. You will need to fill in your contact details carefully and in full, and you will be asked for details of your employment and bank account.

Recommended Direct Lenders for Payday Loans
Top Choice For US Citizens:

Top Payday Advance Lender: My Payday Loan (US Only)

One reason for making My Payday Loan the top lender is that they will give you your first loan from them ABSOLUTELY FREE. This means they waive their usual fee and you only pay back exactly the amount you borrow!

You can borrow up to $600 initially, gradually increasing up to $1,000 as you establish your relationship with them. They do not carry out credit checks and loans can be approved within minutes, depending on when you apply (they operate normal office hours).

Most people will be approved for loans, but there are some important points to bear in mind. To be accepted you should:

• Be in employment and bringing home at least $1,000 net per month, and have been with your employer for at least five months.


• Not have filed bankruptcy in the last year or have any outstanding payday loans.


• Complete the application form fully with valid information.


• Not be paid monthly as repayments are due every 10 to 14 days.

If you ar paid monthly you should try one of the lenders below. Otherwise go to the My Payday Loan site and complete the Online Form.

Direct Lenders For Payday Loans: Faxless Cash (US Only)

The clue is in the name with Faxless Cash - no faxing documents and no credit checks are required to get your loan. You can borrow up to $1,200 to begin with, which may be increased for future borrowing.

To qualify for a loan you must:

• Have a job or other income of at least $1,000 per month;
• Be a US citizen over 18 years of age;


• Have either a checking or savings account with direct deposit facility.

Completing the online form does not mean you have to take out a loan, you can either decide to go ahead with what is offered or not. If you decide to go ahead, your application is processed in minutes and you will normally have money in your account the next day.

Go to their website and complete the simple online form to see how much cash you can get.

Direct Payday Advance Lenders: Payday Loan Yes (US Only)

A very experienced, well established and ethical company who provide a hassle free honest service. They have been operating for over fifteen years and were one of the first payday loan companies to offer an online service. One reason for recommending them is that they cover more States than most direct payday lenders.

Loans are available to ALL STATES except New York, Georgia, Kansas, Delaware, Colorado, Illinois, Nebraska, West Virginia, Ohio and Montana.

You simply complete an application form then they get straight back to you with some documents to check and return (all electronically) then you are done. A carefully streamlined service designed to get cash to you as quickly as possible. To be eligible for a loan you must be a US citizen, over 18 years of age, and complete the applicaton form in full.

It will speed up the process if you have the following documents to hand when you are ready to fill in the application form; Your most recent pay stub, Your most recent bank account statement and a personal check.

To apply for a loan visit the Payday Loan Yes Website.

Direct Payday Advance Lenders: Speedy Cash (US Only)

Main Points:
Speedy Cash are a well established and reliable company who have been providing payday loans in the US for twelve years. The amount you can borrow will vary from state to state, because of local laws. Borrowers will normally receive the money on the next business day. Bad credit is not a problem.

States Covered:
Alabama, Arizona, California, Hawaii, Idaho, Kansas, Louisiana, Missouri, Mississippi, Nevada, Rhode Island, Texas, Utah, Washington, Wisconsin, Wyoming.

Eligibility:
To qualify for a Speedy Cash loan you need to be over 18, have a checking account in your own name and a steady source of income.

Apply For a payday loan from Speedy Cash here.

Direct Lenders For Payday Loans: Cash Central (US Only)

Main Points
Applying for a payday loan is done quickly online and you should get approval within seconds of submitting your application. The money will usually be in your account within 24 hours.

Cash Central are one of the largest cash advance lenders in the US and can offer loans to people in the majority of states where it is permitted. They are fully licensed by each state they operate in so you are protected by state law.

States Covered:
Alabama, Alaska, Arizona, California, Colorado, Delaware, Florida, Hawaii, Idaho, Kansas, Louisiana, Minnesota, Missouri, Montana, Nevada, New Mexico, North Dakota, Rhode Island, South Dakota, Texas, Utah, Washington, Wisconsin, Wyoming.

Eligibililty:
For a Cash Central loan you must have been in work for at least three months and bringing home at least $1,000 per month. You need to have a checking account with a bank (in your name) and be a US citizen.

Apply for a payday loan from Cash Central here.

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