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They are likely to offer you this loan for a single payment within a month from the date you receive the money, with a high percentage payment sometimes as much as £25 for £100. You may also choose to borrow the money through a different type of payday loan, who will offer you the money for three months. You can then pay off the loan gradually through three separate paydays, allowing you more time to get the money together.
This is the perfect solution if you want to be able to get a reasonable loan for a small amount, and are able to pay the amount back within a month or within three months. What are the advantages of a £100 payday loan. There are several reasons why people are still using payday loans rather than simply relying on banks or waiting until their wages are paid.
Firstly, payday loans for small personal loans and line of credit the safe can be ideal if you need the money quickly, for example if you have to have emergency repairs to a car or home, or if you need an item fixed inside the property. Payday loans are faster cash loan into savings account a bank loan, and can be agreed on the same day, which makes them extremely convenient.
Bank loans are much slower, and with the risk of the application being refused, many people are not prepared to wait.