Purple Payday Loans Review.

Purple Payday is now the largest UK payday loan broker, The Payday Loans sector is fast growing with each month’s volumes greater than the last. 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 product enables the customer to avoid short term cash flow issues, prevents possible bank or credit card charges due to missed payments on other outgoings, or is used to pay unexpected bills. The loan application process is fully online, there's no paperwork and no credit checks are required. Successful applicants can often have funds deposited by purple payday loans on the same day as application. PROFILE OF A TYPICAL Purple Payday Loans CUSTOMER: Typical loan period is 20 days - from the date of their application to their payday. 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