Monthly Archives: February 2013

PaydayUK donates: £1 to Dogs for the Disabled for every like

Dogs for the Disabled

As part of its on-going support of Oxfordshire charity Dogs for the Disabled, short-term lender PaydayUK is pledging to provide £1 for every new ‘like’ of its Facebook page until a £1,000 target is reached.

Dogs for the Disabled  trains assistance dogs for children and adults with physical disabilities and families of children with autism.

This promotion is the most recent example of PaydayUK’s support of Dogs for the Disabled after it sponsored a training puppy (Mickey the Labrador) back in May, and held a charity barbecue in June which raised over £1,500.

What is PPI and how do I know if I’m eligible to claim?

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Chances are everyone has by now heard the term PPI and been told that they may be eligible to claim for some money. There has been a huge level of media coverage surrounding this issue, from government advice to adverts offering to help you make a claim.

But what exactly is PPI and why would you be owed money?

Payment Protection Insurance (PPI for short) is insurance cover for loan or debt repayments which are missed for reasons such as being made redundant or being off work due to an accident or illness.

If you’ve ever taken out a credit card, loan, mortgage or bought something on credit, you were probably offered the chance to take out PPI and on the face of it it’s probably a sensible thing to consider.

Have you helped Cupid aim his arrows? Help someone find love and win some fantastic prizes with PaydayUK

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Time is running out for you to enter PaydayUK’s Valentine’s Day competition and be in with a chance of winning a pamper day for two at a luxury health spa.

The promotion is only open until 4pm on Valentine’s Day (this Thursday, February 14) so head to our Facebook page now and enter.

What not to do when considering taking a short term loan

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Short term lender PaydayUK has the following tips for anyone considering taking a payday loan.

Payday loans are a good way of bridging the gap until payday when an emergency expense rears its ugly head.

However, there are a number of really important factors that need to be taken into account when taking a payday loan.

You should not do any of the following when taking out a payday loan:

  • Fail to understand the overall cost of the loan

While payday lenders are required by law to display the Representative Annual Percentage Rate (APR) of their product, it is not always the clearest indicator of cost. APR is the interest payable on that loan over the duration of a year and does not take into account shorter loan periods.

Hear from our customers: Kim

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Like many of us Kim does online banking, however, one morning when she logged in to check her balance she found all her money had gone. A fraudster stolen her details and had been using her account to pay for a hotel room in Kuwait. Fortunately the bank had flagged the transactions as suspicious and were already investigating them, but in the meantime Kim had no money at all for a number of days.

Then Kim found PaydayUK.  The name immediately struck her as reputable and the endorsements on the site further assured her. The website was simple but most importantly it was very clear on how PaydayUK’s charges worked and the amount she would need to repay. It took her just 5 minutes to apply online and 40 minutes later the cash was in her account.

As a result Kim says she would never think of going anywhere other than PaydayUK and would recommend PaydayUK to anyone.

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