PURPLE PAYDAY REVIEW - Payday Loans Broker
- Purple Payday provides a payday loans brokerage service in the UK.
- They have a secure online application form on their website.
- The finance charge of £25 for every £100 borrowed is typical across the payday loan sector - but this cannot be guaranteed as it depends on the lender they match you with.
- Purple Payday offer a free BACS (up to 3 working days) loans transfer service BUT they say if you apply before 3pm your cash loan will be funded on the same day. Again, this is dependant on the selected lender.
- Loan deferal is an option although after deferring the payday loan twice they'll ask you to start reducing the balance. Deferral will incur new charges for every month the loan is deferred - but still at the fixed rate - there are no additional charges.
- Purple Payday can find you loans of up to £1,000 - one of the highest amounts in the UK payday loan market.
- Advantages: Purple Payday can save you the hassle of applying to several lenders.
- Disadvantages: The main disadvantage is that you never know what you'll end up with - the actual APR charge and other fees will vary depending on the lender selected for you.
- LATEST NEWS: We do NOT recommend Purple Payday as they have had one of their affiliate business accounts suspended which does not bode well for their reputation.
