Purple Payday Loans - fast no credit check payday loans
Purple Payday offer fast payday loans of up to £1000 with no credit checks needed. They offer same day cash to anyone who is over 18, earning over £750 a month with a current bank account which accepts direct debits. Unlike many payday loan providers Purple Payday do not require a debit card as you can opt to repay the loan by direct debit.
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Purple Payday Review - a customers impression of Purple Payday
It was the first time I have had to use a payday loan company and I must admit I was pleasantly surprised. I was quite embarrassed at having to borrow money, but a major financial emergency left me needing nearly £500 and payday was over two weeks away. Purple Payday was recommended to me by a friend who had used them twice and said they could lend me the money I needed.
I filled in the online form and applied for £500. I was actually quite surprised at how easy the form was to complete - they didnt want my life history just some basic details about me, my work and pay details and my NI number. I also had to fill in my debit card number as I chose to repay the loan by debit card. I pressed submit and within a few seconds the loan was approved. I got confirmation by email a few minutes later and all I had to do was submit the loan agreement to agree the terms of the loan and agree to pay the amount requested on the date I agreed - which was payday.
Purple Payday charge £25 for every £100 borrowed - so I had to pay back a total of £625 on my £500 loan. Yes it is pretty expensive but its about the same as every other payday loan company I had looked at. An added bonus is that they dont credit check you so I suppose they have to make a charge for the risks they are taking by lending to everyone.
Because loan was completed before 3pm I was able to get the money the same day and I was pleasantly surprised to find the money cleared in my account the same day. I knew Purple Loan would pay the same day but I didnt expect the funds to be actually cleared.
The loan was automatically repaid on the day I specified and the whole thing was hassle free. Apparently there is an option to roll the loan over for one month if you cant make the repayment but in my case I didnt need to do that. I would recommend not to roll the loan over as it can be even more expensive.
I got my money quickly and it was as easy as filling in a form. I would use Purple Payday again.
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