Payday Loans

Payday loans

Everyone has heard of payday loans. But what are they? Why do people criticise them? And what are the alternatives? A payday loan is a very short term loan, usually just a few weeks or even days.

The original aim of a payday loan was to help people get through to payday if they run out of money part way through the month.

The main reason that payday loans attract criticism is that the interest rates and repayments tend to be very high. This could cause further financial problems the following month, and lead to a repeating cycle of taking payday loans earlier and earlier in the month to plug the financial gap. If at any point you can’t make your payday loan repayments on time this could damage your credit score.

But if you are feeling the pinch, is there an alternative to a payday loan? To get your finances back on track again, a personal loan could be a much better option than a payday loan. For example, Fair Finance offers personal loans of up to £1000, repayable over a period of up to 12 months. You can repay your loan either weekly or monthly, and if you are able to pay off your loan early, there is no charge for doing so.

We will consider lending to you even if you have poor credit history. We understand that financial circumstances can change quickly. So as long as you are able to afford the loan repayments now, we may be able to lend to you.

So, if you are looking for an alternative to a payday loan, use the slider to check out what Fair Finance can offer, then use the Apply Now button to get things moving.

Why borrow a fair personal loan

BAD CREDIT? ON BENEFITS? NEW TO THE UK?

No problem. We assess every loan to ensure everyone gets a fair chance.
DISCOUNTS FOR EXISTING CUSTOMERS

Repaying your loan will allow you to borrow more and each loan will be cheaper.
NO HIDDEN SURPRISES

We don’t charge for late repayments or for making early repayments

FAQs

Why should I come to Fair Finance?

Fair Finance is a social enterprise.

We aim to tackle financial exclusion. We build products for people with financial problems. We offer the cheapest price we can that is responsible and sustainable.

We are actively transparent clear and honest.

I am not working can I apply for a loan?

Yes, we lend to those who are working or are on benefits.

What if I had bad credit history can I still apply?

We aim to tackle financial exclusion and build products for people with financial problems. Please visit our dedicated credit page for more information.

We are actively transparent clear and honest.

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