What is a Payday Loans?Payday loans are very small short-term loans that are easy to get through Green Leaf Loan Group. Payday loans are essentially very small short-term loans which are usually taken out over a few days or several weeks. They are a type of cash advance loan and are designed to be paid back in full over one or two paydays, when the borrowers normal pay cheque clears in their bank account. Due to the short-term nature of payday loans, they usually have very high interest rates (often over 1000% APR). This makes them unsuitable for long-term borrowing but a good option for people who are in need of some emergency cash and do not have other funding options.
Why take out a payday loan?If life lands you with unexpected expenses and you can’t find the cash to deal with the problem, you could get money transferred directly to your bank account, that very same day, with a payday loan. Despite having high interest rates attached to them, payday loans provide a vital financial lifeline for thousands of people all over the UK every month. Traditional personal loans are not much help in emergency situations, with their complex application process and long wait for approval. Lenders recognized this problem and the payday loan was born! Here are some common reasons that people use payday loans: • To get their car back on the road • Covering the cost of washing machine repairs • For emergency travel costs • To avoid getting behind on household bills You never have to state the reason you’re taking out a loan when you apply with Green Leaf Loan Group, that’s your business – not ours! We aim to make your life as easy as possible by connecting you with the best payday loan direct lender as quickly as we can, so you can get your hands on the cash you urgently need. All that’s left is to enjoy the rest of your day, knowing that money is taken care of. What are you waiting for? Apply now and get your decision in seconds!
Payday loans can save you money!Getting a payday loan through Green Leaf Loan Group is a no-brainer! At first glance, taking out a payday loan with high APR could seem like a bad move financially. However these loans provide an undeniably useful service for people in need of a quick cash injection, and there are a few circumstances in which applying for a payday loan can be a very wise decision. Take the following scenario as an example: If an unusually high direct debit has taken your bank balance beyond your agreed overdraft limit, it is highly likely that your bank will charge you – and these charges are often frighteningly steep. In fact, it is not uncommon for high street banks to charge customers fees of £5 - £8 a day, every day, until the balance is shifted out of the red. So in this scenario, if you have two weeks left until pay day… you could be landed with bank charges of £70 to £112 for that period! If you were to take out a payday loan instead, the interest you pay is likely to be considerably less. For instance, a loan of £100 taken out over 14 days, with an interest rate of 1500% APR would only cost you £25.99! Now, that’s a no-brainer.
How does the payday loan application work?Taking out a payday loan is easier than you might think! To qualify for a Green Leaf Loan Group payday loan, you must: • Be over 18 • Be a permanent UK resident • Be employed • Have a bank account with a debit card That’s about it! As long as you prove you can afford the loan and fees, your application will probably be approved. Click here to find out how it works, or start you application using our online form or mobile app.
You can still get a payday loan with bad credit!Bad credit is no problem when getting a payday loan through Green Leaf Loan Group.The vast majority of lenders that we deal with do not perform full-credit checks in order to approve payday loan applications. They just need to verify your identity, address and whether or not you can afford the repayments, so bad credit is no problem.
How much can you borrow with a payday loan?That depends exclusively on how much you can afford. Payday loans are usually for small amounts between £100 and £500. Our lenders believe in responsible lending, meaning that they will calculate what you can comfortably afford and base your loan offer on that amount. Once you have established that you can successfully pay off your loan, you may be eligible to borrow more if you apply for a loan again.
Apply for a Green Leaf Loan Group payday loanOur goal is to make the loan application process as easy and efficient as possible. When you apply for a Green Leaf Loan Group payday loan, you only need to fill out one simple application form and we’ll come back to you in seconds with payday loan offers from the most suitable lenders. All that’s left is for you to choose who you want to go with and sign on the dotted line! The process is completely electronic and remarkably fast. You’ll get an answer in seconds and could have your payday loan transferred to your bank account within the hour – problem solved! Apply now.
Consumer Financial Protection Bureau (CFPB)The CFPB is a fantastic source for loan information, especially question and answer forums. One question that was asked was, I heard that taking out a payday loan can help rebuild my credit or improve my credit score. Is this true? The CFPB responded with, probably not. Payday loans generally are not reported to the three major national credit reporting companies, so they are unlikely to impact your credit scores. To see more questions and answers like these, click here to visit www.consumerfinance.gov.
Disclaimer: Not all lenders will provide a loan without a credit check. No loan is ever guaranteed, and you are under no commitment to accept a loan offer. Carefully read the terms and condition of the application before you submit.