Payday Loans
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Rep. APR | Loan Term | Repay per £100 | Review | |||||
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247MONEYBOX |
1,291.8% | 30 days | £122.40 (£100, 28 days) |
Read Review | |||||
Representative example: Total amount of credit £80, duration of the agreement 29 days, rate of interest 292.8% per annum (fixed), total amount payable (in one repayment) £98.56. Representative
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CREDIT SAFETY |
1,288.79% | 1-40 days | £124 (£100, 30 days) |
Read Review | |||||
Representative Example: Amount of credit: £500. Interest rate: 0.8% per day for up to 40 days (292% per annum (variable)). Representative 68.7% APR (variable).
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Payday Loans for Bad Credit |
Rep. APR |
---|---|
SAFETYNET CREDIT Read Review |
68.7% |
247MONEYBOX Read Review |
1,291.8% |
SATSUMA Read Review |
1,575% |
From bad credit to a better credit score...
Every loan you take, whether you repay it on time or not has an impact on your credit rating. You need to make sure you are going for a lender conducting credit check as they will be reporting to the Credit Reference Agency. If you take a loan from payday lenders not conducting credit checks it will not help you improve your credit score.
Then, you must repay your loan on time. If you are not 100% sure of this, do not apply for a loan. If you do and pay it according to your contract, the lender will report it to the Credit Reference Agency and it may improve your credit rating.
If you do not repay on time, it will also be reported and other credit providers will also be able to access this information. Consequently, it might considerably decrease your chances to acces any type of credit.
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