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Purple Payday is now the largest UK payday loan broker. Figures provided by purple payday loans show that a
typical customer is
Taking a loan for a period of 20 days,
Typical borrowers have an annual income of
£15,000 to £35,000 but live on a tight budget which leaves little room for financial missteps or emergencies.
A payday loan helps people get through a cash crunch without paying late fees or bouncing cheques - the charges for which
are considerably more expensive for the customer than payday loan fees.
22-35 years of age
Balanced male/female
split
Net income per month of £1200
Average loan £200
Works in an office or skilled professional
environment
Borrows for:
- Unexpected bills
- Holiday Spending Money
- Special Occasions
To
qualify for a Purple payday loan you
1. You must have a valid bank account that will accept direct debits. This
includes basic bank accounts that do not come with an overdraft or debit card.
2. You must be at over 18 years of age.
3. You must be a resident and be eligible to work in the United Kingdom (England, Scotland, Wales or Northern Ireland).
4. You must be employed and receive a regular salary.
5. You must have your salary paid directly into your bank account.
6. Lastly, you must have a minimum take home pay of £750 per month.
Purple Payday loans are always under
£1000 and are usually taken over a period of less than 31 days. This means the loan is repayable in full on the customers
next payday; rollovers/extensions are available upon request. The Purple payday loan application process is fully online,
there's no paperwork and no credit checks are required. Successful applicants can often have funds deposited on the same
day as they apply.
Further information is available here
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