Money in your bank today!
Comparing credit cards
and payday loans
Need cash in your bank today?
PaydayUK has access to the Faster Payments Service, enabling you to
have your money in your bank today†!
What is a credit card?
A credit card is a small plastic card issued to users as a system of payment. It allows the holder of the credit card to buy goods and services based on the holder's promise to pay for these goods and services.
What is a payday loan?
Payday loans are short-term money options designed to be used in emergency financial situations.
They are a hassle-free solution to help pay for utility bills, emergency expenses or last-minute repairs. They are ideal for short-term financial needs.
The borrower of a payday loan will be made aware of any fees for the payday loan and the date repayment is due – this is usually on the borrower's next payday.
What shall I choose?
A credit card can be a useful item to have, but with a credit card comes the interest payment. Unless you pay off the total amount of your credit card each month you will end up paying interest. With a credit card it can take over 5 days to receive the card - which may be time you don't have. There is also a higher risk of getting stuck in long-term debt with a credit card.
Here at PaydayUK a payday loan is a quick and easy process. You can apply in two minutes with our online application form and we can get the cash in your bank by the same day†. PaydayUK won't let you pile up the debt. We like to build long-term relationships with our customers and we will only lend to you again once you've paid back your current loan.
A credit card can help build my credit rating. Can a payday loan do this?
Yes, a payday loan can help build your credit rating. If you pay your payday loan from PaydayUK on time, this will stop a failed payment being reported to the credit reference agency. However, if you do not repay your payday loan on time, that will also be reported to the credit reference agency and could have a negative effect on your credit rating.
Getting any kind of credit facility can be a tricky process if you don't have a good credit rating. But don't worry, because PaydayUK will still consider you.
Get a payday loan with PaydayUK from £100 to £750. There's no comparison.
Facebook fans win prizes with PDUK
PaydayUK regularly runs competitions and games for our Facebook fans with great prizes.
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What our customers say...
'9/10 existing customers think MEM payday loans are a convenient way to obtain cash quickly.'
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PaydayUK have no hidden charges
We charge £14.50 per £50 borrowed and have no hidden charges and no fees. We keep it simple!
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PaydayUK payday loan calculator
Need cash? Calculate the amount you will need to repay using our online payday loan calculator.
Use our calculator now[†] Check with your bank if they accept Faster Payments; some banks may take up to 3 working days to clear the funds. For new customers, applications must be received by 1530 and completed by 1700. All loans are subject to final checks.
