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Payday loans in the United Kingdom are typically loans of up to £500 to be repaid over a short term, or until "payday". In the absence of restrictions on interest rates the typical annual percentage rate (APR) for payday loans can be 1,000% APR or more.
A payday loan (also called a payday advance, salary loan, payroll loan, small dollar loan, short term, or cash advance loan) is a small, short-term unsecured loan, "regardless of whether repayment of loans is linked to a borrower's payday."
Just one high winter heating bill, big car repair or unexpected illness, and many New Brunswickers could find themselves in a precarious financial situation and turning to payday loans, which, until Monday, were not regulated by the province.
Apply for payday loans from QuickQuid and, if approved, have cash sent within 10 minutes after approval. New customers can receive £50 to £1000.
Say hello to Cashfloat Payday loans 2.0, the new alternative to traditional payday lending in the UK! A whole new level of speed, boosting our approval rate and cutting our funding time.