Unlike a direct payday loan lender, a payday loan broker is a company that sources the loan from lenders and presents it to the applicant. As a professional payday loan broker, we work with a number of direct lenders with varying criteria and interest rates. This means that we can near enough always find you a loan, and that loan is going to have the best interest rates available. A payday loan broker is the middle man between borrower and lender.
What are payday loans used for?
Generally a payday loan would be used to cover the cost of an unexpected bill or cost when you need it the most. It’s worth noting that a payday loan should never be used to pay other debts, or relied upon as a long term financial aid. They are intended for short term financial commitments and are usually repaid within a month of the funds being borrowed. Payday loan amounts usually vary from £100 to around £1500, depending of course on the lender that is providing the funds and fronting the risk.
Why choose Payday Loan Ranger as your Payday Loan Broker?
In addition to our professional approach, we work with some of the most reputable and ethical payday loan lenders in the industry. Payday Loan Ranger ensures that we as a payday loan broker, and the lenders we work with, all adhere to the strict rules and regulations outlined in recent years by the Financial Conduct Authority (FCA). We have a large portfolio of lenders we work with, meaning that we can usually always match a lender with an applicant based on the criteria needed for the finance. We offer no credit check loans, instant cash and fast advances for satisfied companies up and down the country.
What to consider?
Always make sure to consider the affordability of the payday loan before you proceed with applying. If you’re having money worries or need some help with debt management, make sure to check out Step Change and/or The Money Advice Service.