The best payday loan lender

The best payday loan lender. While it may seem daunting at first to find a good lender, the very best do make it easier. How do you know which is the best however? 

Reviews are often the first port of call for many when researching lenders. They provide valuable insights into the experiences of others. But that isn’t the whole story and there are many other factors such as regulatory compliance that should be taken into account too.
Who is the best payday loan lender? No single company can truly claim to be ‘the best’ although many do aspire to the title and more actually do award themselves the accolade. 

We, too, like to consider ourselves the ‘best’. Our motto is to strive to be what customers want us to be – excellent in every single way.
Being the top Lender means that customers – all customers – leave having had a very good experience. From the first point of contact to the final repayment. 

But not everything can be rosy all the time every time. Therefore, how a company faces up to its challenges and how it treats its customers when complications set in dictates the real best lender. If someone defaults on their loan, how is that dealt with? How is the customer made to feel that everything will be okay, that all will work out fine? This is where a truly great lender comes to the fore and provides the necessary arrangements. We don’t want to see the involvement of debt collectors in any situation. 

The best lending companies will provide assistance. They will ensure no-one is stressed. They will write-off any residual debt.
Who is the best payday loan lender? The one with a perfect track record.

To experience the best payday loan lender apply with us: Apply Here




Payday Loan Shop vs Online Lender

Payday loan shop vs online lender: which to use and why?
When deciding upon getting a payday loan, one of the things you must consider is whether you would prefer to deal with an actual high street shop or use an online lender.
A physical shop does provide that sense of ‘security’ in terms of knowing who you are dealing with and also provides a personal point of contact.
The online lender however provides 24/7 access and a much faster application process. It is also the most convenient.
Which one you choose is entirely down to how important the aforementioned factors are to you, there are no real downsides to either.
That said, there is one drawback to the physical shop that the online lender doesn’t suffer from: competition. There are many more online companies than there are physical shops. 

What this means to you, the customer, is greater choice. The ability to literally shop around for the best interest rate or customer service provider.
Very few lenders operate physical premises for you to visit. It is more cost-effective for them to operate online only. This doesn’t mean you get an inferior service but it does mean you cannot meet face-to-face.

We style ourselves as a shop but remain online only. Our ‘shop’ is termed such because we provide you with loan options; you can decide between short term and instalment, for example. Two different services. In addition we also provide a free Broker service where we literally shop around for you to find a lender to match your needs.
As such, we too, are a payday loan shop. There is no shortage of choice in the Market which is healthy. Naturally, the customer does need to do some homework and decide which lender to use. 

Click here to apply: Home Page


What are emergency payday loans?

Emergency Payday Loans. We know what the phrase sounds like, we know what it should mean. But are we sure?
When should you take out a payday loan? Obviously, not for another round of drinks down at the Local. Or, worse, to pay off other loans.
If you feel that you need to pay off other loans with a payday loan – don’t! In doing so you enter into a cycle of debt that is incredibly difficult to extricate yourself from.
A good example of where a payday loan might be useful, would be to meet a bill for something unexpected, such as a vet bill. If you find yourself a little short because you have spent disposable income on something else in the same month but know you will have that income available the following month, then you could advance it using a payday loan.
Don’t forget to factor in the interest repayment too, of course, which will be typically calculated at 0.8% per day. You can reduce that interest by reducing the number of days that you need the loan too.
It is also possible that some customers want to buy something shiny and new immediately rather than wait for their next pay cheque. The lure of the new toy or item if clothing can be irresistible. Consider the additional interest cost. Is it a wise decision? Is the item on a sale and the savings outweigh the interest? Perhaps that would be ok. However, do consider and factor in the total cost for not waiting and taking out an advance.
The bottom line is, only use emergency payday loans if indeed the need is actually an emergency.
If you wish to apply for one, follow this link: Apply Here for a Short Term Loan.

Thank you for reading.



Instant Payday Loans (UK)

Instant Payday Loans (UK) are available to anyone who demonstrates that they meet the basic qualification criteria for Short Term Loans.
The simplest way to ensure you qualify, is to first visit our FAQ’s page: FAQ’s
If you meet the criteria, then the next step is to Apply so that we can review your Application. The whole process is really very quick. In fact, you will take longer to complete the Form than it will take us to give you a decision!
Will an Instant Payday Loan benefit you? This is a question only you can truly answer. Give it some serious thought, don’t take one simply because you can.
Once you have decided to go for it and get a Payday loan, please make sure that you have done your homework calculations correctly and that you can afford to meet the repayments on time. Lenders will have to check this with you too, of course, as part of their Due Diligence.
Good Customer Service is paramount when choosing a Lender, check their credentials, ensure that they are legit and most importantly, Regulated.
The ‘instant’ you apply for Instant Payday Loans in the UK, you enter into a contract of Goodwill. What we mean by this, is that you are certain that you can repay the debt. Obviously, unforeseen circumstances can occur and Lenders understand this. After all, it is why you need a payday loan in the first place. Still, while Lenders have to perform the appropriate Checks, you should also not take risks and hope that you will qualify when you know you really can’t.
We hope that the above information is helpful to you and provides some insight into the decision-making process. For our next instalment, we will be discussing what constitutes a real Payday Loans emergency.







Instant Payday Loans: Overdrafts cost more!

Yes! It is true, you are reading that Headline correctly; Bank Overdrafts are often more expensive than Instant Payday Loans.

Consumer Group Which? have investigated and found that for unplanned Overdrafts, Banks are charging up to 8 times more than the 0.8% per day that Short Term Lenders charge over 30 days.

The fallout from this Report is understandable, MP’s are demanding that the FCA imposes a similar cap upon Overdrafts in the same way that they have done for Payday Loans. The FCA have been gathering information about this for some time now and have promised to report their findings later this year.

What can we take from this? Well, for one, we can point to evidence that our loans are more affordable than many Overdrafts and, thanks to correct Regulation, do offer you, the Customer, a valid and cost-effective solution when an instant payday loan is required. Immediate cash is our Business and providing it in an affordable, safe way that ensures you do not find yourself in any form of financial hardship is our Mission.

So what are Payday Loans?

A Payday loan is a short term loan, usually up to 30 days, that is repaid including interest, on your next pay date. These loans are subject to credit checks and affordability assessments; these are to ensure that no-one takes out a loan that they cannot comfortably afford and therefore avoid spiralling debt.

Immediate Payday loans are not meant to be used for repayment of other loans.

Given that these loans are designed to be speedy, they are generally accessed online and most can be obtained via mobile-specific web-pages making completion of applications easy since you can do so from your phone or tablet from any location.  To apply now, please go to:

This Blog post was brought to you by the Team at The Quick Loan Shop Ltd.

When are Payday Loans right for you?

Short Term loans – or Payday loans – are designed to plug a funding gap in an emergency.
But are they used correctly? Used properly, the Payday loan concept is a valuable service; it provides funding to those who do not have access to small loans from their Bank or other financial institution.
Sadly, there was a time preceding Financial Conduct Authority regulation where some payday companies did not act in the best interests of their Customers and, instead of providing a useful service and protecting and nurturing their Customer’s, chose instead to fleece as much income as they could from anyone wanting a loan for any purpose and who did not demonstrate that they could afford such a loan.

The Market is different now. With successful regulation has come greater confidence that short term / payday loans are safer for consumers.

What is successful regulation? Well, it is simple really, it involves ensuring the fairest outcome to the Consumer; that they are treated fairly, not charged extortionate interest and, fundamentally, unable to receive a loan if they cannot afford to repay it. To this end, Lenders such as TheQuickLoanShopLtd ensure all applicants are thoroughly means tested to ensure that they are able to afford the loan they want.

So it is safer. Should you apply for a payday loan though?
The answer to this is can you get funding more affordably? If not, then a payday loan may be the answer. Why do you want one? Is it to buy something not vital; something that you do not need? If the answer to this question is yes, then you should rather save up until you can afford it rather than seek instant finance. If you have a broken down car you rely upon or other such emergency, then this is where a Short Term Loan comes into its own – using it for this reason is appropriate providing you are sure that you can afford the repayments.

This Blog post was brought to you by


The Journey from Interim to Full Permission

As some of you Readers may be aware, Short Term Loan Lenders have been operating under Interim Permission Licenses for their Consumer Credit trading.

These licenses were provided following the restructuring of the Government’s Regulator when the Office for Fair Trading was dismantled and the Financial Conduct Authority took over.

Well, it has been a long process but The Quick Loan Shop Ltd (trading as and has been granted Full Permission.

Our Interim Number 650559 is now inactive and we now use Consumer Credit License No. 672828.

We have demonstrated our compliance, transparency and strict adherence to the Treat Customers Fairly policy. We are also one of the first to be Fully Authorised and this is a great achievement for our Team who have worked to build one of the UK’s favourite Consumer Credit company’s.

We are committed to providing the best service we can to our Customers, ensuring they are in safe hands with us and working with them to solve their emergency loan needs.

Payday Lenders operate in a niche but very important sector of the financial community.

2016 see’s the emergence of newly Authorised Lenders working in this sector that Customer’s can trust.

This Blog post was brought to you by


Garth Erikson is a customer services manager for a payday lender

We catch up with Garth on a busy afternoon. He is sitting behind his desk with a long list of names and telephone numbers to get through. There are about 8 other people at different desks that seem to be doing the same. This is Garth’s domain; he is the customer services manager for a payday lender.

The lists of people that the employees are busy calling are customers of a large Payday loan company. The customers have one thing in common: they have missed a payment or a few or defaulted on repayments of their loans altogether.

Garth explains that a single employee can call up to 100 people a day depending on whether the clients call back. We stand in, listening as Garth takes a call:

“Hello, please can I speak to Mr. X? Oh, is he in the bedroom? Yes, I see. Can you please ask him nicely to come to the phone? He is where? I thought I heard you say was in the bedroom…”

Being a customer services manager for a payday lender – is it a high-stress job?

After listening to how Grant dealt with the client on the phone, it was clear that the client had no intention of talking to him. With many clients not wanting to engage in conversation about their debt and how to sort it out, one would think that the phone operators would become frustrated, angry, and even aggressive. This is clearly not the case. The staff is composed. There is a friendly atmosphere and none of the aggressive shouting and slamming the phone down that we have been led to believe. Maybe Garth is an extra special customer services manager for a payday lender because the reported abuse of payday lenders over the phone is not coming from this office.

A few phone calls that a manager for a payday lender can expect to make

Garth settles down to begin his day and we decide to follow him for the first calls of the day. He explains that there are basically three types of clients. One that takes out a loan and pays it back, one that takes out a loan but needs help to pay it back, and lastly one who takes out loans and cannot pay them back at all.

Our first phone call is to a client that has let her loan roll over the maximum of times and never repaid a single pound. The records show that she has been called 10 times and has eluded the phone calls. Today’s phone call is no different.

The next client’s phone line is switched off so Garth tries to reach him at work. He is informed that the client is not in the office. Garth requests that he be called back, but this tactic has not worked before and Garth does not expect any change.

The following client has taken out a debt management plan to help with the large debt he is in. He has, however, only paid 1.49 pounds into the plan so far. This does not look promising.

Grant, the customer’s services manager for a payday lender keeps a big sign on the wall of the office.

“Always communicate with customers in a fair and accurate manner. Identify yourself fully.”

Well, there does not seem to be any threats and abuse leaving this office via a telephone line.

The national minimum wage rate is to rise: Finally some good news

As of October this year, the national minimum wage rate is to rise. The minimum rate will be increased by 20p bringing the wage rate up to 6.70 pounds. It is clear that millions of citizens across the UK will benefit from this.

British Prime Minister David Cameron is interested in giving the workers of the UK ‘more financial security’ to the workforce.

This means that over and above the 20p raise for the adult workforce, the young workers and apprentices will receive a 20 percent raise or the equivalent of 57p. For the young workers the wage rate is to rise to 3.30 pounds an hour.

The 3 percent increase in salary for the adult workforce and the national minimum wage is the largest rise in the last seven years.

That sounds simple enough until the convoluted regulations take place. For 18 – 20 year olds, their wage will rise by 20 percent as of October. For 16 – 17 year olds their wage will rise to 3.87 pounds. Apprenticeship salaries will grow by 57p an hour.

David Cameron is very pleased with the changes and looks forward to a better economic climate and more abundance for the citizens of Britain. He says:

“At the heart of our long-term economic plan for Britain is a simple idea – that those who put in, should get out, that hard work is really rewarded, that the benefits of recovery are truly national. That’s what today’s announcement is all about, saying to hard working taxpayers, this is a government that is on your side. It will mean more financial security for Britain’s families and a better future for our country”

Minimum wage rate to rise – Payday loans to fall

One cannot stop and wonder what will really happen when the wage rate rises. David Cameron and friends seem to think this is the ‘better future for our country.’ Is that really true? If the wage rate is to rise, what can we compare this splendid extra 20 pence to? What we are being sold is 20 extra pence, and we should be grateful to finally get is after waiting for it for eight years. 20 p does not even touch sides.

Quoting blogger and economics editor for BBC, Robert Peston:

“A 3 percent rise to 6.70 may sound derisory. It is the equivalent, for example, to just two and a half flat-white coffees in a famous coffee chain, and would allow the recipient of the wage to rent a one-bedroom place in a dowdier part of London, so long as he or she didn’t eat, use power, pay council tax or wear clothes”

Wage rate to rise – Are we still in need of Payday, short-term, high-interest loans?

Robert Peston says it all. It is stupid to believe that a miniscule pay rise, the first one in eight years is going to suddenly fix all ills and the poor people should now be able to pay for everything they need. Without a payday loan. Think again Mr. Cameron, this is not the solution and you know it.

Payday loan caps: How will the new APR’s affect the pockets of payday lenders?

It is too soon to be able to measure what effect the payday loan caps will have on the industry. There are of course many theories. Some say that the caps will only help the sector grow further while others believe that the caps will put many lenders out of business. While it is true that some of the smaller payday companies have left the market, the big players are still going strong. It is the big payday companies that will survive a drop in APRs (annual percentage rates) to 1,200 percent. In reality, this drop in APR will have a minimum effect. If you borrow 200 pounds with the new APR, the cost of your average payday loan falls only by 1 pound.

Payday loan caps in the USA

It has been reported by the consultancy Policis that the payday loan caps in the States caused the supply of credit to fall, but unsurprisingly the demand to remain the same. What happens when demand is greater than supply? A black market emerges. The payday industry in the USA has moved online, and business is booming. Many, if not most of the online operators are unlicensed or lending illegally. Policis warns against clamping down too hard on the industry as the harder the regulation, the more lenders will disappear into cyberspace. It then becomes exceedingly difficult to regulate payday lenders, as well as payday loan caps. Back in Britain, almost 80 percent of payday lenders operate online. The FCA (Financial Conduct Authority) understands that the payday loan caps may limit access of funds to the citizens of the UK, but has a seemingly reasonable solution to the problem. The FCA states that if people have no access to credit, it would be best to appeal to family and friends.

Payday loan caps at home in the UK

In Britain, the problem is far from being solved. The alternatives are also grim. Where does one get ones hands on some credit? What does one do when one is determined to not take out a payday loan? There aren’t any viable solutions. Credit Unions do not have the infrastructure to give out loans like a payday company does. It simply does not have the funds. Microfinance organisations are not much different. The Church of England took on one of the big payday fish and failed. They created a credit union that has been of some help to the citizens of Britain, but can by no measure end money out like some of the big payday firms.

The payday problem

The problem is this: the citizens of Britain need financial services that are flexible and responsive, quick and dynamic. Things are complicated these days. People have less money to work with and their wages are variable. It is clear that now that the payday industry has been regulated, and nothing has really happened to save the people from its sharp claws, this could be another problem. Let’s try something: Give everyone a raise, a little more money in the pay packet, and see if that helps a little bit. Then we could be using payday loans for what they were designed for.