PDNET Loans Archives - Payday Loans Net

FAQ Page - PDNET Loans

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: 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: 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: 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: 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: 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: 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: 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 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: client-service@paydayloansnet.co.uk

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: 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 moneyadviceservice.org.uk.

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: 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: 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 three hours!

  • Direct lender
  • Bad credit welcome
  • FCA authorised
  • No fee to apply
  • Instant decision
  • Same day payment
  • Get up to £1000
Representative APR: 997%
Representative Example Loan Amount £500 | Borrow for 4 Months | Monthly Repayments of £215.81 | APR: 997% | Interest Rate PA (fixed) 270.10% Total repayment £863.24