Payday Loan Debt

A small short-term loan which is usually paid back on your next pay date. They are highly accessible and make it all too easy to fall into financial problems.

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Home > Payday Loans

This Guide Includes

1. Payday Loans

2. The dangers of Payday Loans

3. Payday Loan Debt Advice


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Payday Loans

A payday loan is a short-term loan that is usually paid back on the borrower’s next pay date. Payday loans offer people quick access to cash and often used by those people who are struggling to make their money last to the end of the month, as you can have your payday loan in your account within 15 minutes with some companies.

The amount you receive can range from as little as £50 to well over £1,000, however, you will always be required to pay the full sum of money back by your next payday, which makes it a difficult debt to manage.

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The dangers of Payday Loans

One of the main reasons Payday Loans can be very expensive due to the high interest rates on these loans. Not only that but failing to repay the loan within the agreed upon time frame would also trigger penalties and fees which quickly overwhelm many borrowers.

Payday loan lenders also have direct access to your bank account, meaning they can make deductions from your account. This may be to cover fees you didn’t realise you owed, which were hidden in the fine print.

Payday loans can be an effective short term solution for unexpected expenses. They are useful for those who are in the right situation to benefit from them. More often, however, payday loans are being used as a long-term debt solution- which can have serious consequences.

Payday Loan Debt Advice

If you are struggling to repay Payday loan debt contact our expert debt advisors to discuss your options. Our team can help you put a plan in place to let your get back on top.

Call now on 0800 121 48 63 or use the contact form on this page.

Reviews & Testimonials

Charlotte
2021-05-04
I really appreciate the support I was given regarding debt advice. I was provided with the upmost respect and there was no judgement at all. As difficult as it was to go through my situation, the advisors made me feel comfortable and were able to support me to find a solution to better manage my debts. A huge thank you to Jay and Keeley.
IB Whittaker
2021-04-28
I was in a really bad situation due to a sad divide between my family but when I came to Refresh Debt Services, my mind was almost at complete ease. Keith Brady in particular is a lovely advisor and does his utmost to not only help, but follow each step along the way with perfect understanding of each situation. Couldn't recommend this company enough.
Michelle D'Arcy
2021-04-28
Keith was great! constantly asked if I had any questions, made sure I understood everything, didn't rush me when I was getting information. Totally professional but also put me at ease and we even had a little joke. The weight of the world has been lifted off my shoulders. 100% recommend them.
Craig Newkland
2021-04-28
Very very good service and advice. People at Refresh are friendly, polite and knowledgeable. Would recommend to anyone.
Linda Harvey
2021-04-27
From the day i started my DMP the team have been more than helpful and respectful. Over the Last years i have had know reason to contact Refresh as i never had any issues with my payments ect. In the last week as my DMP has come to an end i needed advice and support with being able to show proof my DMP had come to and end and i now owe nothing, but also a huge weight lifted from my shoulders. Brenna my account manager was soo helpful and understanding and took her time to chat to me and send me all the info i had asked for. These people are not judgmental or insensitive, just helpful people trying to help you get back on track!! Thank you
jean roaach
2021-04-17
I found refresh very helpful when I was struggling with my debts. I received monthly statements and updates on what I was paying and when things changed and was only to happy to help with any problems I had all ways pleasant on the phone and understanding. Lucky enough I am debt free thanks to refresh would highly recommended them
Sarah
2021-04-15
Keith was so helpful! Made me feel very comfortable to talk to him about the help I needed. Would recommend anyone who is struggling to talk to him! Fantastic service! Couldn’t be more grateful of his time and help!
Carolyn
2021-04-03
Keith was absolutely brilliant. I was a victim of a sophisticated Bitcoin scam which has been largely responsible for my present financial predicament and I feel embarrassed and ashamed that I allowed this to happen to me.As a result I was really scared as I began to think that everything was fraudulent including Debt Management agencies. Right from the start I felt safe and reassured with Keith. He not only knew his stuff but validated my feelings and perceptions, was not at all judgemental and his concern and empathy were genuine with marked social, psychological and emotional intelligence and sensitivity. For the first time since I realised I had been scammed I could sleep. I felt protected and I still do. He would make a very good psychiatrist.
customer
2021-04-01
From the moment I spoke to Keith he put me at ease. He professionally took me through the possible steps, answering any questions that I had and his empathy and reassurance was very appreciated. Once I came to a final decision on what I needed Keith again answered any other questions and quickly put the plan into action. Honestly I had spent so many days/nights worrying about the debts once I had finished talking to Keith I felt like a huge weight was lifted from My shoulders!! I can’t thank Keith enough for taking the time to listen and then implement the plan for me! 10/10
Zdenka Suchankova
2021-03-29
Its a very friendly staff, just 5:45 I wait for next phone call and now its a5:50 and nobody call me. Something wrong?

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