7 APR Representative: Borrow £200 for 30 days you would repay a single payment of £248. Interest is 292 per annum (fixed). Daily interest will accrue on the outstanding principle loan amount at a rate of 0. 8 per day. Missed payments may be subject to an additional fee of £15. Default on a loan could result in a damaged credit score, and affect your chances of Borrowing from other companies in the future. Why a short term loan.
Use them to cover unexpected expenses or monthly shortfalls that might lead you into bank charges or other problems. Payday2Day right for me. If you need a cash loan to assist with short term emergencies, then we like to think we're right for you.
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The purpose of shorter duration loans is to provide the borrower temporary financial relief. Such loans are not a long-term financial solution. Persons facing serious financial difficulties should consider other alternatives or should seek out professional financial advice.