Early Pay Day Loan
Good:
One of the quickest and cheaper payday lenders on the market
Bad:
They have been known to contact people a lot advertising other products
Verdict:
One of the more established payday lenders on the market, it's charges are similar to other payday lenders - if accepted for this loan make sure you make repayments on time to avoid extra charges on your loan
Early Pay Day Loans (EPDL) can lend between £120 - £800 which you will pay back on your next next payday. EPDL don't charge extra to get you your funds on the same day as applying and their charges work out around £25 for every £100 borrowed which makes them reasonably priced.
You can apply online or over the phone with Early Pay Day Loans. To apply online, you need to complete their application form. Once you have completed the online application, they will give you a provisional decision. They will then check the information you provided on your application form and will contact you if there are any problems. If approved, and depending on what time of the day you apply, you can receive the money on the same day. You may be asked to provide further documents including proof of income or bank statements. If not, they will send you an email with the electronic loan agreement which you need to sign.
EPDL are one of the more established payday lenders who have been operating since 2003. The charges are reasonable and application process works well. The service and product is on par with many other payday lenders but it is coming from a reputable firm that have been operating in the market for a while. Please bear in mind they do credit check you, so if you are unsure how good your credit history is and you don't want a footprint on your rating, use a different company. Their charges are similar to other payday lenders but it may be worth paying that extra bit for an efficient service.
Please be aware that Early Payday Loan acts as a lender but also acts as an affiliate. This means that when you complete your application form, they will tell you if they are able to offer you a loan. If they aren't, they may recommend another company to you. Do not feel as if you have to apply with the suggested company as this may further impact your credit file.
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DON'T PUT YOURSELF OUT TO DRY. These vampires will use every trick in the book to suck money out of you and keep you in debt. DO NOT USE IF YOU VALUE YOUR MENTAL HEALTH. These pigs will suck every last penny they can from you. Please learn from my mistake and NEVER use these pirates.
applied an was told i was accepted and would receive an email to sign my agreement have waited over an hour and nothing tried to contact them via the contact form on their website but it says there is an error with their inbox and the message cant be sent
It says you have been approved please sign your credit agreement which you do then you get a email asking for utility bills you provide that then they want a months bank statement off you. Just looking at other companys these are really old school. I went on Minicredit and it was not even 5 minutes and the money was in my bank. This company needs to get the latest technology none of this faxing rubbish. My opinion they dont have much funds to lend to people they need lots of verification and takes a long long time. Recomend Minicredit anyday, compared to these monkeys
How long untill money goes in bank, ive done all the emails like i was asked followed the links and so on........4 hours later, still no money
how long does it take them to depsoit the funds in your bank account? its been over an hour
I use payday loans regularly. These guys have been the quickest and easiest to deal with so far. I applied on their website, and after a call from them asking a few questions and confirming my bank account details the cash was put into my account 2 hours later. Makes a change not having to fax documents! No extra charges for recieving the money same day
I really wouldn't bother. Having applied for a loan and filled out the application form I was told my "loan has been approved and a credit agreement sent too me" and then "your loan has been processed." Nothing from the company in my e-mail inbox so I called them, before I could even get my name out the man told me "he'd just seen my loan and someone would contact me shortly." I waited. Nothing. I tried to call them again and was met with some kind of interference on the line before a busy tone, tried this several more times, same response. I cannot understand why payday loan companies need things like a work phone number, surely they understand people are not going to want to hand over this kind of confidential information that could cause them problems at work. If you have a working home and mobile number and a verified e-mail address surely that is fine? A lot of these companies, including this one, promise you a "fast, no hassle service" but you usually find yourself waiting around twiddling your thumbs before being harassed by phone calls asking for other contact numbers, copies of bank statements and payslips etc. Personally you may as well just apply to your bank, these are supposed to be faster for a reason but they're really not. For some reason my loan was never followed up on with EarlyPayDay and then my account appeared to be deleted because I could no longer log in. Waste of time, your better staying skint or extending an overdraft, at least you get a straight yes or no with that, with this lot you wait an eternity for an answer that is never going to come.
Basically i took a loan with them and struggled paying it back. I paid a £40 roll over fee to pay the loan off the next month. Without warning or authorisaion they then took it upon themsevles to take the full sum leaving me with no money whatsover in my bank account for the rest of this month. When i contacted them to point out there mistake, they decided that they could only offer me a new loan....but obviously because i had to roll over...they couldnt help me!!! So now i'm pretty screwed. The customer service people are shocking as well...no help whatsoever. Refused to listen. DON'T TOUCH PAYDAY LOANS...THEY ARE A CON
Advantages: Quick pay to get money fast Disadvantages: If you change your mind you'll never get rid of them Basically these offer a loans which are then paid back within 1 - 2months once you have been paid. I applied for a loan with them. They rang me straight away, and I gave a lot of infomation over the phone. I then received an email saying in needed to fax bank statements, wage slip, etc. I faxed this all over - and they then rang again to say I had not sent enough bank statements through - they didnt just want proof of money going into my account ... ...out over a 2 month period. They also requested my works phone number. I queried why it was needed and explained I didnt want people offering loans ringing me at work. I was told this was only for emergencies so I gave it to them. After this I was out of my office for 3 days. I came back to find 6 identical emails requesting i fax the bank statements through, along with 4 missed calls and 2 text messages. At this stage I decided this was a bit much
Basically these offer a loans which are then paid back within 1 - 2months once you have been paid. I applied for a loan with them. They rang me straight away, and I gave a lot of information over the phone. I then received an email saying i needed to fax bank statements, wage slip, etc. I faxed this all over. I was happy because I had my money after a couple of days!
speedy payout
New and existing customers up to £800 - 36 days
After 5pm - next business day transfer
- You may not need to provide any documents, they will inform you when they receive your application
- You do not need to have been a UK resident for any specified length of time
- You need to have a bank account with Direct Debit facilities, which your salary is paid into
- You must be 18 years of age or older to apply
- You either need to have a debit card or a cheque book
- You must have a regular income
- You don't need to have a good credit history
- None - Just pay back what was originally agreed
