3 month payday loans
3 month loans

Welcome to UK K 3 Month Payday Loan


In recent times, it has become a simple process to apply for a short term or payday loan because this service is readily available online. You simply need to have access to the Internet in order to make an application, it really is that simple. You can apply using any device, whether that is a PC, laptop, mobile phone, phablet or a tablet. A payday loan is usually available for a period of one month to help the borrower make ends meet between one payday and the next. A loan over a slightly longer term, from 3 to 18 months is called a short term or instalment loan. Our website focuses on offering 3 month payday loans but don’t worry, you can apply for a loan over a shorter or longer period if that suits you better. You can apply for any amount up to £1000. The interest charged varies from lender to lender but on average the cost is £24 for every £100 borrowed or for every £1 you borrow, you pay £1.24 back.

Short-term loans or payday loans can be used for emergencies when life throws an unexpected bill or expense in our direction. If you don’t have pet insurance and your pet suddenly becomes ill, then that can cause a personal cash flow problem. Similarly, if your car breaks down or your roof springs a leak and you have no money spare to get them fixed, a payday loan could come to your rescue. A payday or short term loan should never be used as a long term solution to a debt problem.

Main Benefits of a Payday Loan

  • Quick and secure application form
  • Online decision in minutes
  • Apply 7 days a week
  • Cash could be in your bank account the same day
  • Cover unexpected expenses with minimal fuss

The application process is simple. You fill in your details hit submit and you will get a decision on your screen in minutes. Please be aware that most lenders will perform a credit check at point of application. Some lenders may some to you and ask for further details before they make a decision as they may need to verify your identity to check that you are who you say you are and ensure that you are in a position to pay the loan back on the proposed repayment date.


Collection Practices

Once you have received your loan amount, if for any reason you think you won’t be able to meet your arranged repayments in full, then you must contact your lender directly as soon as possible.

Acting quickly and contacting your lender will provide you with the best opportunity to discuss your options in detail to avoid adverse action. Your lender may, in some cases offer you a new repayment schedule. Making changes to the repayment schedule of your loan amount could incur further charges or interest. This can only be discussed directly with the lender of your payday or instalment loan. If no attempt is made to contact your lender and make them aware of the payment difficulty that you are facing, then they reserve the right to pass on your details to third party debt collection agencies or organisations that will attempt to recover the debt on their behalf.

Lenders usually reserve the right to utilise the Continuous Payment Authority to continue to attempt to take payment from your card up to 90 days past your due date. This is only done if it is in line with the terms of your agreement. Please check your own Terms and Conditions on your signed loan agreement for details.

Non Payment Implications

The implications of non-payment of your loan could include adverse details being included within your credit report. This could adversely affect future attempts at securing credit or finance, in addition to further charges potentially being added by the lender. Where you miss a payment entirely, you will often incur a charge/fee that will be added on to the total amount that you owe. When you have missed a payment, lenders will often try to contact you by telephone or letter in order to recover the funds. They may also be able to arrange a new re-payment date with you. If you are struggling, or think there is a possibility that you will not be able to meet repayments, UK K 3 Month Payday Loan strongly recommends that you contact the lender in the first instance.

Important things to remember:

- Don't borrow money if you know you will struggle to pay it back

- Don't ignore the situation, contact your lender as your first port of call

Please be aware that if do not repay your loan on the pre-agreed date between yourself and your lender, this will result in your lender reporting your case to the Credit Reference Agencies; which may have a negative effect on your credit score. This may negatively impact your ability to obtain credit in the future for services such as car finance, mobile phone contracts or satellite TV subscriptions. If you default, you may be charged a collection fee (which varies from one lender to another), plus interest on the balance outstanding at the interest rate payable under the agreement. You must pay your lender any reasonable expenses and costs that may be incurred in taking steps to enforce (for example, via County Court Judgments), or attempt to enforce, the lenders rights against you under your agreement.

Payday and instalment loan renewal policy

Your lender may be willing to renew your loan. If you wish to do this you should contact them as soon as you know. Our lenders generally charge the same or better rates for loans if you have successfully repaid a loan to them in the past. Remember our lenders have to check that you can afford any loan so they may perform another credit check at this time. Any decision you make regarding the renewal of a loan should be made with full consideration of all the costs and your situation at that time. Late or non-payment could lead to further interest and/or charges being added to your account.

3 month payday loans
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