Tuesday, June 22, 2010

Purple Payday




This is also known If for a good reason you cannot repay your loan by due date then you have the option of deferring the loan. Purple Payday offer a free BACS (up to 3 working days) funds transfer service to your bank account BUT if you apply before 3pm your cash loan will be funded on the same day. The finance charge of £25 for every £100 borrowed is typical across the payday loan sector. And Purple Payday manage to achieve the lowest APR in the market - this is good news indeed and one great reason to apply through them.

The charges and finance costs they advertise are not strictly true for all payday loans they broker as not all the lenders they use have the same costs - but the APR they advertise is accurate as it's the Typical APR that customers are charged. If you want complete control over which lenders your application form goes to then it's best not to use them but instead apply to each lender directly - a list of lenders can be compared at Which Payday Lender (link provided below). They provide a speedy service and will secure you a payday loan as quickly as possible - usually within a couple of hours. One big advantage of applying for a loan through Purple Payday is that you only need to complete one application form and they'll submit it to several lenders for you until they find one that accepts you.

Purple Payday are not a direct lender but instead a broker.

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