Frequently Asked Questions (FAQs)
What is a Payday Loan?
A payday loan is a short term loan that can be used to cover urgent expenses, to take a holiday, or even just to top up your monthly income. Payday loans are meant to be paid in full on your next pay day. They are not meant to be and are not suitable to be used as a long term solution.
What are the advantages and disadvantages of using payday loans?
Advantages:
- Applying online is quick and convenient
- No paperwork is required to be faxed
- The money could be in your account in less than 24 hours
Disadvantages:
- Cannot help you with long term financial obligations
- Not the right solution for those with long term credit difficulties
What is the service offered by QuickAccessCash.co.uk
QuickAccessCash.co.uk saves you the hassle of filling out multiple payday loan applications. You just have to fill out the form on our site and we will search out panel of lenders to find the option most suited to your details. You will fill out just one brief application, and based on the information you provide us, we'll attempt to match you with the right lender, who can get you your cash the quickest. Our panel includes many of the largest pay day lenders in the UK.
Is QuickAccessCash.co.uk a payday lender?
No. QuickAccessCash.co.uk is not a lending or banking institution. We provide a service which is designed to save you time and hassle by finding a payday lender who best suits your needs.
What is required in order to be matched with a payday lender?
All of the lenders QuickAccessCash.co.uk works with require that you satisfy the minimum requirements in order to be eligible a payday loan. They often have lower lending thresholds than traditional lenders and banks.
You must:
- Have a bank account that accepts direct debit
- Be at least 18 years old
- Be employed and receive a regular pay cheque or salary
- Live in the UK
You will be asked for this information on our brief application form. If we manage to match you with a lender on our panel, we will transfer this information over to the lender you are matched with. Please note whether a lender ultimately accepts your application once we have passed them to you is at the discretion of the specific lender we match you with.
How long does the application process take?
Our application is quick, and should take no more than a few minutes. We request only the information relevant to what the payday lenders require to approve your loan. Simply complete our application form now, and you will receive confirmation from one of our top, payday lenders within 30 minutes (typically) *.
Would a less than perfect credit history affect my chances of being approved by a lender?
A less than perfect credit history** will not necessarily prevent your application from being successful. However this is at the discretion of each lender. All loans are subject to credit approval. As a condition of extending credit, the lender you may be matched with may run a credit check with major credit reference agencies.
** The lenders we work with may perform traditional credit checks, while still accepting those with less-than-perfect credit. The lenders we work with verify applicant information via various national databases.
What form of payment is used to repay the payday loan?
Usually, the payday loan provider will take your payment directly from your bank account. Depending on the lender, this is generally done by direct debit. Please review the terms and conditions from the specific lender you are matched with.
Who can I contact if I have questions or concerns?
Once you complete the QuickAccessCash.co.uk application and if you are matched with a lender, they will provide you with their contact details as well as further information regarding their loan terms. If you have questions about the application process, please visit our contact us page.
