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Payday loans are also known as a "short term loan" or "cash advance" and they give you fast access to cash or credit when you need it most. You then repay the total amount including interest and charges on your next payday.
Payday credit providersHere're some pay day loan providers which operate in the UK and are fully licensed:
Payday UK offers you loans of between £80-£750 over a typical period of twenty days. I.e. from the date of application to the day you get paid.
Purple Payday offer fast and simple pay-day loans with no paperwork or credit checks. The application is completely online and they claim that they accept a greater percentage of applicants than any other payday lender.
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