At PaydayLoansOnline.com we pride ourselves on being a responsible payday loans broker. We do not intentionally encourage customers to take out a payday loan, or a loan they cannot afford. We do not directly market to those with long-term financial trouble, nor do we suggest payday loans are a long-term financial solution. We follow legal and ethical practices, making our services as clear as possible to all our customers by providing the necessary information.
Unlike ‘traditional’ lending facilities, we enable you to choose exactly how much money you want to borrow. You are also informed how much will be required to be paid back, and by when, so you can begin to make adjustments for it.
We suggest that you look carefully at your budget before taking out a payday loan to ensure you can fully pay it back by the agreed date. Not being able to pay back your loan can result in the loan becoming more expensive than anticipated.
The service we provide is a transparent as it can be. There are no hidden costs and we do not charge you for submitting an application for a loan through our website. We want to be able to help you when financial times are hard, not kick you whilst you are down.
Missing payments is likely to result in charges from your lender. You are also likely to incur interest on the full amount owed. We recommend that you repay the loan in full by the agreed date. It is advisable for you take note of all relevant contact information for your lender when you take out the loan. If you feel you are unable to repay your loan contact your lender immediately.
By contacting you lender and explaining your situation, it is occasionally possible to roll over payments. This will help reduce penalty chargers but it is likely that interest will continue to grow on the loan. It is recommended that you repay the loan in full by the agreed date to avoid further debt.
The application for any type of credit is a serious decision. Please understand that once a loan is taken out the agreement is two-way, with you promising to make full payments on time. Before applying, fully consider whether you will be able to make the loan repayments.
A payday loan is a short-term loan product and should not be considered as a long-term financial solution. If you are experiencing financial difficulty, and feeling the pressure of debt, please seek professional independent financial advice.