Payday loans are Short Term Loans taken out with the intention of tiding you over until you next payday. There are useful if unexpected circumstances arise, like a large bill or car breakdown, and allow you to cover your expenses until your next pay check. You can still be eligible for a pay day loan even if you have a poor credit history, and in fact they can be used as an effective way to rebuild your credit score.
PiggyBank is a UK based short term credit firm that can offer Payday Loans from £100 to £1000. The benefits of using PiggyBank for a short term loan is that they put you in control of your loan with transparency at the heart of everything they do. This means you can use their online loan calculator to choose exactly how much you want to borrow, how long you want to borrow the money for and see exactly what your payday loan will cost you. It is also incredibly convenient – no trying to rush out to your high street bank and queuing up on your lunch hour, instead you can arrange your loan from the comfort of your home at the time that’s convenient, whenever that might be. They aim to pay out your loan within 60 minutes.
PiggyBank Loans is a responsible lender, if you find yourself unable to pay back your loan within the agreed time frame they promise to be understanding and work with you to pay back the loan.