What are payday loans?
These are short term loans which are accepted by lenders on the basis of borrower’s monthly salary.

Why name is given as payday loans?
Few years back these loans are available for very short duration i.e. from date of loan application to paycheck date only. These loans are to be repaid on coming payday only so name of loan given as “Payday Loans”.

What are text loans?
Payday loans can be applied through mobile text SMS so popular names for these payday loans are given as “Text Loans”, “Mobile Loans”, “SMS Loans”, “Text a payday” etc.

What is present form of payday loans?
Now a days payday loans are become very flexible in term of loan amount and repayment duration. One can use them as instalment loan also, so can repay few number of monthly instalment falling due on each salary day.

What is procedure to apply payday loans?
You have two options for that, first you visit to lender’s office or their websites, and second to visit brokers office or their web portals.

Which will best broker or direct lender?
As you know brokers are agents of multiple lenders, so you can apply with this group of lenders in one go. But main problem with broker is extra time in loan processing because they will prefer to sell your loan lead to maximum paying lender and bargain in this process will take time. So it will be beneficial to contact direct lender for your loan.

How to save time for direct lender search?
There is one more way to search lenders without paying any thing. Some websites like textloans1000 are working to help loan seekers in lender search free of charges. You can use our services to get free loan quotes in few minutes. If you feel happy with these quotes then go forward otherwise leave it.

What will be be the whole loan process?
Once you apply for lender search we will directly send your data to our associated popular lenders of UK, they will process your data and let you know if they are willing to fund you. If you finalised loan with them they will transfer approved money in your bank account.

Can I get same day loan? Yes, in many cases loan processing and disbursement is completed in same day of application. Fund transfer to your bank will depend upon your application time during the working day and process of your bank.

What if I have bad credit?
Bad credit does not hold you from loan application. In many cases lender are willing to fund for poor credit customers also.

Can I skip credit check?
Not at all, After new payday loan regulation in UK it is mandatory for all lender to check loan affordability of applicants. So each lender will perform credit check on you before loan approvals.

How some website 100% guaranteed no credit check loans?
These are baseless and false promises. No one can guarantee for loan approvals other than a lender him self.

How to improve loan acceptance chances?
You should take care of your credit ratings, apply for loan amount which can be repaid easily by you and prove your financial status via bank statement and salary slips then you can eligible for high acceptance loans.

Which is more important past credit history or present financial status for loan approvals?
No doubt present financial status is more important for short term loans.

What will be consequences of non repayment or late repayment of loan?
This will cost you more in terms of money and credit score. If you do not repay loan on due date then lender may send your name to credit score agency for adverse entry or he may hire third party loan collection to recover loan whose charges and interest both you have to bear.

What other options if I feel difficult to repay loan on time?
You should inform your lender well in advance about your inability so that he can find out the ways to reschedule or roll over of loan.

Categories Payday Loans UK, Text Loans UK


Credit score is numeric rating of your past credit history as well as what you going to borrow now. Credit history in UK maintained by three agencies Experian, Equifax and Callcredit. All these have their own criteria for ratings but one thing is common that if you have outstanding credit in your name rating will go down.

Why Credit Score is so important?
Credit score is now considered as the financial status of the person, so for every part of life it plays a vital role. For example loan or credit card application, gas or electric connection application, rented house agreement or even in the getting job may be difficult with poor or bad credit history. Many lenders refuse to fund a person with poor credit history and if some lenders agree to lend they may charge higher interest rates.

How to manage good credit score?
First of all you should check your credit score from time to time, which is available online and free of charge. This will help you to know the latest position so that you can take corrective measures if required.

If you find that your score is poor then you may take these steps to improve it.
1. Establish your identity by registering in electoral role if not in list till now. This can be done online also.
2. Close your old credit accounts which are not in use now.
3. Try to distribute credit card bill in all credit card you have. Because percentage of credit card limit used is taken for credit score. For example if credit card limit is 1000 pounds and you have used 500 pounds then it will show 50% uses and if you have other credit card then pass some amount to this also so uses of limit go down.
4. If you have different types of small loans with many lenders then try pay these loans by taking a single personal loan.
5. Try to pay bills on time.
6. Avoid to take loan which is out of reach of monthly savings to repay it.
7. Frequent house change also adversely affect your credibility in front of lenders.
8. Short term loans like payday or text loans are costly affairs so do not use them as regular practice
9. Keep loan amount well with in reach and repay it timely otherwise this will hit hard to credit score and cause you financial losses also.
10. If you feel inability in loan repayment then inform your lender well in advance so that he may rearrange your loan. If you become loan defaulter without informing lender then he may take help of third party recovery agents and this additional charges will also be additional burden on you.

Categories Credit Score, Text Loans No Credit Check

Comments 3

From where to start?

When you are feeling cash crunch in middle of the month and your payday is 10 to 15 days away, first thing will be in your mind that how to arrange this extra money?

There are many options in the market depending upon your need and paying capacity.
If you have something to put as collateral then you can go for long term loans available with many banks and lenders. But situation may be difficult to persons who are living in rented accommodation and don’t have other valuable thing to put as security.

The persons who are dependent on pension or monthly salary only then they have to think about loan on the basis of paycheck. The loan based on salary are very popular in UK known as Payday Loans or Text Loans.

These loans are basically short term loans which are approved for term range between few days to 12 months. This type of loan does not need guarantor or security for reimbursement.

Now question arises form where to get these payday loans.

When you search in google for payday loans, you will get many website promising like “same day loan”, “No credit check loan”, “No guarantor loan”, text loans direct lender” etc.

But many are giving false promises because your loan source will be direct lender only and no other than him can promise all. For every loan approval lender will go through your past borrowing history as well as present repaying capacity, after satisfaction he will approve your loan.

So why to waste your time and resources with these middle mans and their website. you should try to reach lender directly. When you will by pass these brokers then chances are high to get cheaper and faster loans.

There are many free direct lender search websites, through which you can connect with direct lender with ease and quickly.
You can get many loan quotes with different such sites and free to select any one of then as you wish.

Categories Text Loans UK, Payday Loans UK