Purple Payday are not a direct lender but instead a broker. One big benefit of applying for a loan straight through Purple Payday is that you only need to unblemished one application form and they'll submit it to any lenders for you until they find one that accepts you. They furnish a quick aid and will collect you a payday loan as speedily as possible - usually within a couple of hours. If you want unblemished operate over which lenders your application form goes to then it's best not to use them but instead apply to each lender directly. Comparison sites typically allow you to apply to any lenders directly.
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 precise as it's the Typical Apr that customers are charged. And Purple Payday manage to perform the bottom Apr in the market - this is good news easily and one great theorize to apply straight through them. The finance fee of £25 for every £100 borrowed is typical over the payday loan sector.
Loan Finder
Purple Payday offer a free Bacs (up to 3 working days) funds replacement aid to your bank list But if you apply before 3pm your cash loan will be funded on the same day.
As for prestige checks, some but not all of the lenders they use do prestige score applications and use prestige Reference Agencies. However, if a lender chooses to decline your application Purple Payday will send your application to a lender who does not use these methods, thus giving you the best opening of gaining an stylish loan application.
If for a good theorize you cannot repay your loan by due date then you have the selection of deferring the loan. This is also known as rolling over the loan. You can only defer twice but when you do this you do have to pay back the interest fee (but not the loan balance). After deferring the payday loan twice they'll ask you to start reducing the balance. Deferral will incur new charges for every month the loan is deferred - but still at the same fixed rate - and there are no additional charges.
Purple Payday offer loans up to £1,000 - one of the top amounts in the Uk payday loan market.
They have a collect online application form on their website.
Main Advantages highlighted in this Purple Payday Review:
- they have the bottom Apr rate, at 1355%, in our comparison table and so it follows that they have one of the bottom Apr rates in the payday loans market;
- it is not all the time critical to repay your personal payday loan by debit card
- direct debit may also be considered. You must palpate them to dispose this. This is obviously great news for those of you that do Not have debit cards. Very few payday brokers or lenders offer a no debit card payday loan.
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