How to find a reputable payday lender?

There are so many websites offering payday loans, it's difficult to know which ones to trust. Also with so much bad press you will want to make sure you can get a loan from a trusted source. Here is some tips to help you find a reputable payday lender or website to use.

1. Consumer Credit License
All websites trading as a payday loan broker or lender will be required to hold a Consumer Credit License (CCL) check the website for their CCL number. Make sure this is valid with the OFT (Office of Fair Trading) to make sure the lender is listed.

2. Does the website offer secure application
If you see https instead of http then this is 1 sign that its a secure website. You should also look for the secure icon that will show up in your bottom toolbar when you visit the site

3. Look for signs of good customer feedback
Check to see if the website has good customer reviews or testimonials.

4. Word of mouth
Sometimes it's best to trust someone you know that has already used a service they trust. Lenders won't be operating for long if they offer a bad service and have many unsatisfied customers.

There are some payday matching services we have heard about through word of mouth like http://www.quickloansexpress.co.uk and http://www.fastloansexpress.co.uk that simply offer a payday matching service. You fill out some basic details and they will match you with a panel of lenders almost instantly online. These only use a network of trusted and reputable payday lenders. The network is one of the biggest in the payday industry and has been going for many years. They also have a high approval rate but also a high customer rating of over 96% of satisfied customers which keep going back for more!

Welcome to Payday Loans Reviewed

The Payday Loan industry has this big red mark over it. Lots of bad press around payday lenders stealing money off consumers who don't even take out the loan as well as the huge interest charges that some payday companies charge. Additionally lenders aren't given out correct information and some are very misleading.

This blog was setup to review those payday websites out there to help you be clear of the scammers! Also find out which websites are most trust worthy and offer the best deals when it comes to applying for a payday loan online.

If you have taken a loan out with any lender and had a good or bad experience, feel free to share with us your comments whether you share anonymously or not.