Responsible lending
Paydayking is a broker of payday loans. We serve as direct introducers for MEM Consumer Finance Ltd to offer you payday loans.
Paydayking is a responsible lender
- Our charges are fixed and there are no hidden extras - so you know how much you will repay at all times
- We will not lend you money we do not believe you can pay back
- We follow all Consumer Credit and Data Protection Act guidelines to protect you, your personal information and provide you with understandable legal agreements
- We work to "Know Your Customer" guidelines, meaning we will not advance a loan until we have taken all reasonable steps to confirm your identity
- We recommend against repeat deferrals and encourage you to pay off as much of the loan as possible at all times
Are payday loans right for me?
Payday Loans are right for you if you:
- Need money quickly to pay for unexpected bills
- Are struggling with bills this month but are usually fine
- Need to pay for a DIY man to help fix problems at home before payday
- Have seen a great offer and just can't risk waiting till payday
- Whatever you need money for in the short term
We don't recommend taking a Payday Loan if you:
- Usually have financial problems, every month, as a payday loan can only help with short term cashflow problems
- Can't repay your loan on Payday
- Need to borrow more than £750
Responsible borrowing
Although we do everything we can to be a responsible loan provider, you know your circumstances better than anyone. So, before you apply, ask yourself:
- Will a payday loan really help me?
- Will I definitely be able to pay it back in full next month?
If the answer is “Yes” to both these questions, then a payday loan is the right product for you.
- Do I have longer term financial problems?
- Do I need a long term solution?
If the answer is “Yes” to these questions, a payday loan is probably not the right product for you.
What is the minimum I really need?
Try not to borrow more than you need – this way you will keep you repayments more affordable.
Not sure? Contact our customer services team who will be happy to hel.
