So just what is a Payday Loan?

A payday loan is a short term financial solution to cover an unexpected cash flow need.

21st Century consumers use a range of financial products to assist with their monetary needs and many budget well to do so. However, we understand that there are times when small amounts of additional cash are needed whether to cover unexpected bills or to take advantage of an exciting offer for a holiday. Payday loans are designed to cover these short term needs without incurring an assortment of bank charges or bouncing cheques and direct debits.

A payday loan enables you to avoid all these hidden charges and pay back the loan without being caught in an unnecessarily long term credit cycle. You borrow, you pay back on payday, the loan is finished with. It is as simple as that.

Taking out a payday loan is like a sub from a friend, providing a top up on your finances until payday. Dealing with Same Day Money though means that this sub is discreet, quick and that it will not affect your friendship!

So what is a Payday Loan not?

A payday loan is not a long term solution to ongoing financial problems. We strongly recommend against using this product to help pay for regular credit commitments.

In the case where you feel you have debt problems which you feel can not be solved by you individually, we recommend you contact the Consumer Credit Counselling Service