Search FAQ - Payday Loans Net

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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...Read more

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...Read more

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 a...Read more

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 o...Read more

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 ...Read more

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...Read more

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 len...Read more

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 U...Read more

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 u...Read more

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...Read more

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...Read more

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 appr...Read more

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 ext...Read more

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 ...Read more

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 a...Read more

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, an...Read more

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 financi...Read more

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 ...Read more

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 w...Read more

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...Read more

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 ma...Read more

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...Read more

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....Read more

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 ...Read more

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 servic...Read more

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 no...Read more

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 ...Read more

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 reliab...Read more

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 wor...Read more

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 affordabil...Read more

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 ...Read more

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 th...Read more

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...Read more

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 ...Read more

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, the...Read more

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 wil...Read more

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 lende...Read more

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 ...Read more

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 m...Read more

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 you...Read more

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...Read more

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...Read more

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 mu...Read more

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 c...Read more

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...Read more

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 payd...Read more

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, ...Read more

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 wi...Read more

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 provid...Read more

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 che...Read more

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 you...Read more

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 wri...Read more

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 curre...Read more

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...Read more

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...Read more

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 £2000
Representative APR: 997%
Representative Example Loan Amount £500 | Borrow for 3 Months | APR: 997% Total repayment £863.24