Frequently Asked Questions - Payday Loans Net

FAQ Page

We like to keep things simple. If you have any questions about the way we work, take a look at the FAQs below, or contact us. Ready to go ahead? Apply now and get a decision within 90 seconds!

Recent FAQs

Q: Can I get an extension on my loan?

The best thing to do if you can't afford to repay the loan instalment one month is to contact us as soon as you realise this might happen. We deal with each person on an individual basis and try to come up with a repayment plan which is both fair and responsible.

Q: Are you a direct lender?

Yes, and a proud one at that. Find out more about direct lenders vs brokers here.

Q: Will you contact my employer?

It is unusual for us to contact your employer. However, occasionally we resort to this option to verify your employment, or for similar reasons, when there is no alternative option. Also, if a borrower fails to repay their short loan, and we cannot reach them on their provided contact details, we may have to contact their employer.

Q: What should I do if I have changed bank account?

Please get in touch with us, as soon as you can, if you have a short-term loan with us and have changed bank account. We can resolve any potential misunderstanding that can arise as a result.

Q: How do I make repayments?

When you apply with us for a direct lender loan, you will need to provide us with a bank account from which you will make your repayments from. We will also ask you to consent to our CPA policy, allowimg us to take the set monthly payment from your bank account automatically.

Q: Will I need to submit any documents?

In most cases, no. Our application process is fully online and, the majority of the time, we don't need any further information to make a decision. However, in some rare cases, we may require additional documentation to meet regulatory requirements. Where necessary, our underwriters will contact you to advise what is required.

Q: Can I get a loan with a CCJ?

Payday Loans Net believes in fair and responsible lending. We can accept people with CCJ's if we can see that their financial position is improving. The same applies with loans for people with bad credit.

Q: How long will my application be under review?

If your application goes into review, we will try and respond to you within an hour or up to a day at weekends.

Q: Can I get a loan on benefits?

Yes. We can offer loans to people on benefits if they pass our affordability checks. This means, they can prove they can make the repayments. We believe in fair and responsible lending. If you can afford the instalment loan for bad credit - we are happy to provide it.

Q: What are Payday Loans Net opening times?

We are open Sunday to Friday 8am - 5pm and on all bank holidays. You can contact us by phone during these hours or by email when the office is closed. You can apply for a pay day UK loan at anytime though.

Q: Do I need to check a lender's privacy policy?

Yes. If you don’t check this out, payday lending companies could sell your information onto other payday loans online lenders without your knowledge. Your information could end up making its way to other payday loan sites. This can result in you getting lots of unsolicited phone calls and emails. If you’d rather avoid this, making sure you understand the privacy policy is a good idea. In addition, always make sure you work with payday loans direct lenders only and not brokers. This may help ensure that your information is kept safe as well.

Q: Can I cancel my loan, or back out early?

You may cancel your loan within 14 days of approval. You will be obliged to pay interest on what you have accrued, so the earlier you cancel the better. You may also back out early, in fact we encourage you to do so! Feel free to pack up and repay your loan early and save money!

Q: How Much Money Can You Borrow From a Payday Lender?

Ultimately, the FCA hasn’t imposed any laws restricting how much someone can borrow. In the end, it boils down to how much your lender will let you apply for. Still, most lenders have their own limit on how much they lend out to people applying for payday loans UK. On most sites, you can borrow anywhere between £50 and £1000. It does all depend on the lender, there are some that offer more than £1000. However, you’re probably never going to find a credible lender registered to the FCA that gives out more than £2500 for a payday UK loan. With Payday Loans Net, you can get a loan of £200 – £2000, with same day funding. Always ensure that you are taking an amount that you really need, and not more. Payday loans have high interest rates, and the more you borrow, the more you will have to repay.

Q: How fast can I get a loan from PDNET?

This is the part where payday loans UK differ greatly from lots of other loans out there. While many other loans can take weeks for approval to come through, PDNET's loans are approved within minutes. Once approved, you’re shown the details of your loan in your contract; how much you’ve been allowed to borrow, the overall cost including interest, and the date that you have to pay the loan back by. If you’re happy with everything, you can go ahead and get yourself a payday loan with the money being deposited in your account the next working day.

Q: Are your Wage Day Advance loans approved by the FCA?

Yes they are! Before the FCA regulation was introduced in 2014, some popular lenders took advantage of people looking for a quick wage day advance loan. The interest rates were extremely high, and people found themselves in high levels of debt after taking a payday loan. With the introduction of the FCA regulations in 2014, the lenders had to cap their loan interest rate at 0.8%, and clients were a lot safer. With the fully authorised lender Payday Loans Net, customers can find safe and affordable Wage Day Advance Loans online at

Q: I need a payday loan but keep getting refused - why?

The number one reason for why lenders may refuse you for a payday loan is if you have a bad credit history and you pose a big risk to lenders because it would appear that you have struggled with your finances in the past. All lenders are required to carry out a credit check under the FCA's rules for authorised lenders.
Another reason why you might be refused a loan is that your application shows you can not afford to repay the loan under the conditions of the lender.
Payday Loans Net believes in giving everyone a chance to get a loan. We don't judge you just on your credit score but evaluate your affordability too!

Q: What alternatives are there to short term loans?

Short term loans from a direct lender should only be used as a last resort, when you are certain that there are no other cheaper alternatives. Here are some other ways you may be able to get hold of the money. • Borrow from family or friends – Family or close friends may be more willing to help you out than you would expect. On the other hand, it is important to word your request in a way that will not make them feel obliged to help against their wishes. • Credit unions – These may work out cheaper than a traditional short term loan, because credit unions are non-profit organisations. You have to find out if you are eligible to join a credit union and decide if this is a preferred method of borrowing for you. Some people prefer to take out short term loans, as to borrow from a credit union you need to be a member, and often short term loans are used in unforeseen circumstances. • Bank overdrafts – Using your overdraft facility can be very convenient when you are in a store and have a credit card in your back pocket. However, use this service wisely, because taking an unarranged overdraft can work out more expensive than a payday or short term loan. Often the interest fees on an unarranged overdraft multiply before you know it. • Debt management agencies – a debt management agency is useful if you find yourself taking out a short term loan with no foreseeable way of repaying. They will offer you advice and help to get you back on your feet.

Q: Does taking a short term loan affect my credit score?

Yes, it can, either for better or for worse. If you repay your short term loan with bad credit on time, this can actually improve your credit score! If you do not repay on time, and your lender sells your loan debt to a debt collection agency, this can affect your credit score negatively. Taking out multiple loans especially in a short period, may indicate that you’re taking on more loan debt than you can handle. This may affect your credit score too. Although you may consider using payday loans with no credit check from a direct lender so as not to affect your credit score, it is illegal in the UK.

Q: Why should I trust PDNET?

When using services of any online business, it’s crucial to ensure that you are dealing with a legitimate company. Even more so when you propose to send your personal and financial details to them. You can check if a short term loans online company is genuine or not by seeing if they are regulated by the FCA. The FCA is responsible for the regulation of all financial bodies in the UK, and they will not authorise a company that is not legitimate. PDNET is fully authorised by the FCA, and is becoming an increasingly trusted lender in the UK.

Q: Should I take a payday loan over a bank loan?

Payday loans are quite different to bank loans. Firstly, bank loans are only available from around £1000, which isn’t much use if you only need much less. With Payday Loans Net you can get loans from £200. Another fundamental difference is that payday loans are very tightly regulated by the FCA, to ensure that they don’t become more expensive than they are. On the other hand, banks charge very high rates when you go into overdraft, which can actually end up more expensive than payday loans. We have also found that people are quicker to take online payday loans from direct lenders than to get into trouble with the bank. Before choosing the right loan product for you, make sure you take all considerations into account.

Q: Do I need a phone number to apply for a loan?

Yes. We might have to contact you about your guaranteed payday loans direct lenders application, so it's important you provide a phone number.

Q: What are your interest rates?

The interest rate on bad credit loans uk direct lenders from Payday Loans Net depends on how long you take the loan for. Our APR is 997%. One thing you can be sure of, is that we will never charge over 24%, as this is one of the FCA caps on payday loans.

Q: How can I escape from payday loan debt?

If you are struggling with payday loan debt, either from legal payday loans, or guaranteed payday loans no credit check, you need to do all you can to get out of it. There are free organisations that can offer you professional advice, and you can choose to remain anonymous. Money Advice Service Call: 0300 500 5000. Website:
Step Change Debt Charity Call: 0800 138 1111. Website:
The National Debtline (part of Money Advice Trust). Call: 0808 808 4000. Website:

Q: Can I take a loan if I am unemployed?

Anyone can apply for our loans, as long as they have a steady source of income to fall back on. Remember that payday loans are an expensive form of credit, and without a job, it may be very difficult to meet repayments. Please note that lenders may offer no credit check loans with instant decision if you are unemployed, but no credit check loans are illegal, and must be avoided in all circumstances.

Q: When do people use payday loans?

People who take out payday loans are usually struggling with a money shortfall when they apply and use our loans to cover urgent expenses that they are unable to pay for at a given time. Instead of opting for bad credit payday loans from direct lenders no credit check, they take the legal route instead. Most of our borrowers are single with no dependants.

Q: What happens if I cannot repay a loan?

It is not unusual for the date of repayment to come around, and a borrower realises that they don’t have the money to repay their payday loans from direct lender with bad credit. If you know that you will not be able to repay your loan on time, the most important thing is to contact us. We will often be able to come to an agreement and offer you a grace period. If you do not let us know, you will be charged a fee of £15 after 24 hours of not repaying. There will also be daily interest of 0.74% added to the cost of your loan. If you have simply forgotten that your repayment is due, we will call you on the day of repayment as a reminder. If a borrower defaults under their loan agreement and does not pay, we are entitled to commence legal proceedings, the cost of which must be covered by the borrower. This will happen through a County Court Claim and an attachment of earnings. We are required to report any loan that fails repayment to the CRA.

Q: How can I get the cheapest payday loan?

The best way to save money on wage day advance, is to avoid any excess fees and costs. With Payday Loans Net there is no added fee to apply. We also allow borrowers to repay their loans early, and thus save on interest.

Q: How can I contact Payday Loans Net?

If you have any queries about our loans, or are stuck in the middle of applying for short term loans bad credit direct lenders, you can contact us, and our friendly customer service team will be happy to help you. Phone: 020 3006 6977 Email:

Q: Can I renew my loan before repaying the old loan?

Unfortunately not. Payday Loans Net has a duty to lend money responsibly. If a borrower is unable to meet payments for a payday loan, it seems clear that high-interest loans are not the best option, and the next loan will be no easier to repay. While this might not always be the case, we cannot make exceptions to the rule. We apologise if this causes inconvenience, and recommend that you do not turn to bad credit loans no credit check instead.

Q: What is APR?

The APR (annual percentage rate) of a loan is the amount of interest that would be charged on the loan if it were taken out for a whole year. You can compare it to the nutritional value of food, which is worked out per 100g, regardless of how much it weighs. While the APR sounds rather technical, it just gives borrowers an easy way to compare the interest rate of different payday loans uk direct lenders.

Q: How can I improve my credit score?

Paying back the money responsibly on your credit card can have a very positive impact on your credit rating overall. Lenders will see that you’ve paid back the credit card reliably and this can cause them to be more likely to approve your online loan and give you better interest rates. Paying off debt and keeping the balance low on your credit card will help you to improve your credit score too.

Q: How do I know if an online loan is from a direct lender?

The first thing to look for when using online loan lenders is to check they are direct lenders and not brokers. It is usually obvious by checking the websites home page for the words direct lenders. Generally, a lender would be proud to offer online payday loans from direct lenders; so it should be highlighted on their website somewhere.

Q: How do lenders decide if I can afford a loan?

All lenders carry out an affordability check on all applications, to see if the borrower can afford to take online loans in their current circumstances. Lenders base the affordability assesment on the information on the application form and the information provided by the borrowers credit bereau.

Q: Does Payday Loans Net offer instant loans online?

Almost. The initial decision is instant, and you can receive the money very fast. When a company proposes to send you the instant loans online, this usually means is, you have the cash at the end of 24 hours, although it also depends on your bank.

Q: Who should I contact if I have problems with a payday loan company?

Ideally, you should try to settle the issue with the company itself as it is in their best interest that you have a satisfactory experience when you apply for a loan online with them. Explain clearly what the situation is, and why you feel that you’ve been treated wrongly. If you have tried that and are still not happy, you should contact the Financial Ombudsman Service. If they see that you were not treated correctly by a lender, they can order them to compensate you. To make a complaint about a product or service from PDNET, please get in touch with us using one of the available options:

  1. By phone: 0203 757 1933
  2. By letter: 2a Highfield Avenue, London, NW11 9ET
  3. By email:

Be assured that we take any complaint very seriously and we will try and resolve your instant payday loans online issues very quickly. Please visit our complaints procedure for more information.

Q: What does a loan calculator do?

A loan calculator helps you to better understand the costs of online loans with monthly payments. It shows you the amount you have to repay, and what the difference in cost will be depending on the length of your loan. By using a loan calculator, you can meddle around and work out what you can afford to take out. Our loan calculator is easy to use and clear to understand, and you will find it when you press apply now.

Q: Can I trust payday loan reviews?

As with reviews for any product, you'd like to think the reviews are genuine. You may find a case where a companies' employees are writing 5 star reviews to try and boost the good reviews, but the vast majority of reviews will be legit. Many loan In the case of loans direct companies will use review software that verifies whether buyers are legitimate.

Q: How can I get a new password?

If you’ve forgotten your password, simply click ‘Forgot password or NEW USER’ in the login area. For safety reasons, you will be required to refill some of your details, then you will be able to create a new password. Note that you will often not have the same measures of security from no credit check loans direct lender, and therefore it is crucial that you only provide your personal information to reliable sources.

Q: Can I repay my loan early?

Certainly! And you only gain, by getting a cheaper loan. Payday Loans Net encourages borrowers to repay their loan early. And unlike many bad credit loans UK direct lenders, we will actually help you to do so, by lowering the amount of interest you have to pay. This way, you only pay for the time you took out the loan.

Q: Can I take out multiple loans at once?

No. In order to get a payday loan, you need to show that you are able to borrow responsibly. If a potential borrower requires multiple short term loans bad credit from direct lenders at once, it exhibits poor financial management, as payday loans should only be taken if you know you can repay the loan. If you are struggling financially, you can get free expert advice from

Q: How long does it take to get a loan with PDNET?

With PDNET the entire loan process is quick. Our application form takes minutes to fill out. Once submitted, you will receive a decision on your loan almost instantly. With payday loans UK direct lenders Payday Loans Net, you can usually get your loan on the same day as approval.

Q: Can I get loans with no guarantor or fees from direct lenders?

There is no reason why a direct lender should be charging any fees for an application. Why penalise people for merely applying for a loan? Furthermore, many direct lenders in the market offer no guarantor loans. It is obviously a much faster process. PDNET is a direct lender, we charge no extra fees, and don't require a guarantor for your loans.

Q: Do payday loans UK with same day cash exist?

The quick answer is yes! The good news is, you are in the right place. Payday Loans Net offer UK payday loans on the same day. What we mean by same day is that you will receive your loan within 24 hours, if your loan application is approved. This is because we understand the urgency in your application and how you require the money as quickly as possible. We are a same day payday loans direct lender in the UK that cares about you and your financial situation.

Q: What is the advantage of direct payday lenders over brokers?

Here are some of the advantages of direct payday lenders over brokers. • No broker fee • Your personal information isn’t passed on • Better communication • You may get the loan quicker from a direct lender Payday Loans Net is a direct lender. Apply now for a decision in 90 seconds!

Q: How does PDNET compare to other payday lenders?

When choosing between a list of payday lenders, you want to ensure that you are getting the most suitable payday loan lenders in the UK for your needs. There are various factors to consider when choosing a payday lender. You will need to decide if you prefer payday lenders only, as opposed to using brokers. Moreover, you may be open to taking a loan abroad, or you might specifically want payday lenders in the UK. To help with your research, we’ve created a lenders list of payday lenders, including the APR rate that they charge.

Company name   


Payday Loans Net  






Money Boat




Q: What are the FCA caps for payday loans?

The FCA introduced the following caps in 2014. 1. Interest and fees are capped at 0.8% per day of the amount borrowed. 2. Default fees capped at £15 3. Total cost of loan must not exceed 100% of amount borrowed After these regulations came into effect, some loan companies such as Cheque Centre Ltd were forced to shut down as their profit decreased significantly.

Q: Do all direct lenders perform a credit check?

Yes, every direct lender will perform a credit check on borrowers, to ensure that the borrower is eligible for a loan. If any lender claims to offer payday loans direct lender no credit check, they are not abiding by the law.

Q: How can I get to my wage day advance login?

To get to your wage day advance login with Payday Loans Net, simply log in with this link and enter your name and password. All the up-to-date information about your loan will show up automatically.

Q: Is a wage day advance loan the same as a payday loan?

Yes. It simply uses a different terminology for pay day. So instead of calling it a payday loan, some call it a wagedayadvance. These loans are repayable by the borrowers next payday or over 6 months with Payday Loans Net.

Q: What are payday loans meant to be used for?

When you thought you’d make it to the end of the month, but have somehow run short, that’s usually when payday loans come in. Often this happens when unexpected costs crop up, for example:
• High utility bills
• Car broken down
• Broken appliances
• Medical expenses
• Overdraft payment
If you need a payday loan, apply now with a direct lender.

Q: How can I see my loan balance?

Once you log in, you will see the information about your loan, including when your loan repayment is due and the remaining balance on your loan.

Q: How much does PDNET charge for late payment?

You will have to have sufficient cash in your account by 5 am on your due date for us to debit the loan on time. We debit the cash automatically from the debit card you register with us, unless you ask to pay by a process that is different. If the payment doesn’t go through, we give you a 24 hour period before you receive the missed payment fee of £15.

As a responsible direct lender, we always try to help our customers as much as possible. If you know in advance that you won’t be able to meet a repayment, please call us as soon as possible and we’ll do our best to come to an alternative arrangement.

If your payment fails, we’ll try to get in touch with you to learn what we may do to assist, and why the collection effort failed. Please call us straight away on 020 3006 6977 in the event you can not repay your loan on time. We can often offer other options to customers having trouble repaying their loan.

Any late payment may be reported by us to credit reference agencies. This might impact your credit score as well as your capability to borrow from us, or alternative lenders later on.

Q: Does PDNET offer weekend loans?

Yes we do! While most people are snoozing in on Sunday morning, our underwriters are hard at work to ensure that our borrowers can get weekend payday loans. Payday Loans Net provides direct lender loans in the UK. You can apply for a loan with us at any time at all to receive an instant decision, and if approved, the money will be funded within three hours during our opening hours. Our offices are open Sundays through Fridays, and we will be happy to help you cover the costs of your Saturday night bash with our payday loans.

Q: Can I get guaranteed payday loans in the UK?

Guaranteed loans with no credit check can be very useful if you have a low credit score. However, there is no way of guaranteeing a loan until the lender has performed a credit check. So while a lender can offer a high acceptance rate or bad credit loans, there is no real guarantee until checks have been performed. Apply today with PDNET for a close alternative to guaranteed payday loans from direct lenders.

Q: How do I apply for a loan online?

To submit an application for a loan, please complete our online application here. Then follow these steps:

  • Click ‘Apply ‘.
  • Using our loan calculator choose your required amount of the loan between £200 – £2,000.
  • Ensure the monthly repayment(s) and total sum payable are affordable for you.
  • Complete the PDNET loan application form online.

Q: How can I find direct lenders only?

This is an important question, and it shows that you know about the different loan products available. If you are looking for payday loans from direct lenders only, you need to write that when you do your online search. Once you are on a lenders’ website, it should be blatantly obvious whether or not they are a payday loan direct lender in the UK. If they aren’t, then avoid at all costs, you want a lender who stands for clarity and transparency. Payday Loans Net are just that. We offer instant payday loans from a direct lender, and we aim to make your borrowing experience as straightforward as possible.

Q: What can I do with my login?

If you are given a loan, Payday Loans Net will supply you with login details which permit you to:

  • Apply for another loan
  • See your present loan details
  • Pay towards your current loan
  • Update your personal information

Q: Is Payday Loans Net a licensed lender?

Yes! Payday Loans Net is a fully licensed direct lender. You can find the details of our license on the register on the Financial Conduct Authority‘s website.

Q: How long does it take for funds to reach my account?

We are a fast online lender and we are committed to getting your money to you in as short a time as possible. After approval, we transmit money to your bank account on the same day, and often within just a few hours. If you do not receive the money, feel free to contact us on 020 3006 6977 and we will help you. Please note, funding is also dependent on your bank, cut off times and vacations.

Q: How much can I borrow from Payday Loans Net?

Payday Loans Net offers instalment loans of £200 to £2000, but your approved amount will be different depending on your net income; your monthly expenses and other variables that we use to determine qualification. Having said that, it’s important that you only choose to borrow as much as you can repay on every one of your repayment dates.

Why choose Payday Loans Net?

We like to keep things simple. If you have any questions about the way we work, take a look at the FAQs below, or contact us. Ready to go ahead? Apply now and get a decision within 90 seconds!

  • Direct lender
  • Bad credit welcome
  • FCA authorised
  • No fee to apply
  • Instant decision
  • Same day payment
  • Get up to £1000
Representative APR: 832.04%
Representative Example Loan Amount £700 | Borrow for 5 Months | Monthly repayments of £235.80 | Interest rate p.a. (fixed) 222.79% Total repayment £1,179.10