Payday Loan Reviews

1 Month Loan are direct payday lenders and NOT brokers. So if you apply to them you’ll get a direct accept or decline response, and quickly. They are a reputable company that has been providing a payday loans service since 2004, with a secure application form on their website.

1 Month Loan’s procedure for getting a payday loan is straightforward and quick:
- submit your online application and then 1 Month Loan ID check you (they do this using your Debit Card details);
- they’ll ask you to sign an online loan agreement BUT this doesn’t mean you have been approved just yet;
- they will call you to undertake final security checks;
- they will then either accept your application or decline it;
- they then transfer your payday loan by BACS (this takes up to 3 working days) for FREE or by CHAPS (this is a same day loan transfer) for £25 which is amongst the most expensive that we have reviewed.

You can borrow between £75 – £250 for your first loan. Once your first loan has been repaid in full, you will have the option to borrow more for each subsequent loan. The maximum amount that you may borrow is based on your monthly take home pay.

With 1 Month Loan you can rollover your payday loan by a maximum of 5 times – this means that you have to pay off some of your existing loan before being able to take out another payday loan. Having such a limit is good as it prevents you from entering a spiral of debt and then being trapped in debt. Read the full story

Wage Day Advance is a reputable company that provides payday loans service with a secure application form on their website. Based in the UK they are a direct payday lender and not a broker. So if you apply to them you will get a direct accept or decline response – quickly.

Wage Day Advance procedure for getting a payday loan is easy: go to their website and submit an application online; you will then be ID checked (using your Debit Card details); you will then need to e-sign a loan agreement online; after a short while (few minutes) you will either be accepted or declined; they offer a free BACS (up to 3 working days) funds transfer service to your bank account and also have a same day fund transfer service costing £15 – one of the cheapest in the industry.

The loans available at Wage Day Advance start at £80 and go up to £400 for first-time borrowers, and up to £750 for repeat-customers. These amounts are quite common for the industry.

Their representative APR is 2814.2% which is slightly on the high side. For every £100 they lend out, a fee of £29.50 applies. While they are not among the cheapest lenders, they are not among the most expensive ones either. Read the full story