Payday Loan Lenders and Their Ratings

Are you in need of some quick cash, but are not sure which of the many payday loan lenders you should go with? This type of business seems to be popping up everywhere so you can quickly become confused by all of the choices. When comparing payday loan lenders, there are certain things you want to look at. The interest charge for 30 days per £100 borrowed is just one thing. Be sure to take into consideration the representative APR, transfer time and rating. The rating should be strongly considered as it allows you to see the experiences of others with a particular firm. Here are three of the top rated payday loan lenders in the UK.
QuickQuid receives five stars and it is easy to see why. The representative APR for this company runs approximately 1734% which is one of the lowest in the industry and they can say the same about their interest charge. As both will save you money, it's easy to see why many choose to make use of the services offered by QuickQuid. You can get your money the same day and won't be required to fax any paperwork. A credit check may be required though.

WageDayAdvance is another of the payday loan lenders that receives a five star rating. Here an example of the representative APR is 2814,2% and yet they have a higher interest charge per 30 days than QuickQuid. With this company, not only do you get same day transfers, you are not required to fax paperwork to the company before you are approved and there is no credit check to be had. For this reason, may choose WageDayAdvance as their preferred lender.

Mr Lender rounds out the top three when it comes to payday lenders in the UK who receive five stars. The annual representative APR is 1990% as an example and, like WageDayAdvance, they allow you to get the money the same day without faxing any paperwork and they won't run a credit check. Other lenders offer this type of service, but their ratings are lower so take this into consideration when you go to choose who you wish to borrow money from.