Trust Payday appreciates that people's day-to-day lives don't always run as smoothly as we would like them to. We have all had those days where we wish we could just go back to bed and start all over again.
For example, the great British weather might have blown some tiles off your roof or your car might be refusing to start, meaning a trip to the garage is inevitable. These scenarios can happen and people don't always have spare money to fix the roof or to get their car back on the road. We understand that this can be stressful, especially when life is so busy and you have work and family to think of.
This is exactly where Trust Payday can help to ease your worries with a simple application process. You can apply anytime for a Trust Payday loan. If you apply before 3pm, Monday – Friday, your lender may be able to deposit the agreed funds into your bank account on the same day. (* some banks may take up to 3 working days to clear funds. ) If you apply after 3pm on weekdays, then your lender will deposit your funds on the next available day*. (*subject to meeting minimum requirements and that no further information is required)
If you need cash in your account on a Monday then you can take your time and apply over the weekend. Short-term loans with Trust Payday lenders are always under £1,000 and are taken over a period of no more than one month (31 days maximum)*. (* always check the terms and conditions on your loan agreement for the term of your loan, some lenders maybe able to deposit funds on weekends)
See if you are eligible for a short term loan, apply online, it is that easy!
Collection practices
We are a broker so we do not collect money directly from customers. If you are having problems making a payment please contact the lender that you signed your loan agreement with so that you can discuss your payment options.
If you default on your loan without getting in touch with lender, they will endeavour to contact you first by phone, email or SMS
Lenders usually reserve the right to utilise the Continuous Payment Authority to continue to attempt to take payment from your card depending on individual lenders loan terms and conditions. This is only done if it is in line with the terms of your agreement. Please check your own Terms and Conditions on your signed loan agreement for details.
Non-repayment of payday loan
Payday lenders do understand that people's circumstances sometimes change. If this is the case, you should let your lender know as soon as possible so that we can help you in the best possible way.
Important things to remember:
- Don't borrow money if you know you will struggle to pay it back
- Don't ignore the situation, contact your lender as your first port of call and they will help as much as possible
- Don't ignore the situation, contact your lender as your first port of call and they will help as much as possible
Please be aware that if do not repay your loan at the agreed date between yourself and your lender, this will result in your lender reporting your case to the Credit Reference Agencies; which may have a negative effect on your credit score. This may negatively impact your ability to obtain credit in the future for services such as car finance, mobile phone contracts or satellite TV subscriptions.
If you default, you may be charged a collection fee (which varies from one lender to another), plus interest on the balance outstanding at the interest rate payable under the agreement. You must pay your lender any reasonable expenses and costs that may be incurred in taking steps to enforce (for example, via County Court Judgements), or attempt to enforce, the lenders rights against you under your agreement.
Payday loan renewal
Subject to your agreement with your lender and your circumstances, you may be eligible to renew your loan. Please refer to your the Terms and Conditions of your agreement for details. The renewal process works by paying the interest only. If agreed, you lender will then extend your loan, plus interest, to your following payday. This ensures that the balance of your loan does not increases unlike some short-term loan providers.
Lenders will only renew your loan once they have express authority from yourself to do so and subject to their own criteria.
Being a member of the CCTA (Consumer Credit Trade Association) brings with it a reputation for maintaining the highest standards and following guidelines to ensure we bring our customers the best service possible.
