We might not have covered everything that you would like to know, so here are some frequently asked questions to explain things further
Here is some information to help you understand our services
Is PaydayCube a Lender?
No, PaydayCube is one of the leading online finance brokers in the UK. We work with a large panel of lenders to provide you with the best deal possible.
What does PaydayCube provide?
Our aim is to find customers the most appropriate loan to meet their circumstances, by working closely with highly respected lenders.
Will I be introduced to a Lender?
We will introduce you to a lender who is able to assist you with your loan application. However, under certain circumstances this is not always possible. In the event we are unable to introduce you to a lender directly, we may pass you and your details onto another finance broker who may be able to assist.
How Do i Apply?
All you need to do to apply is fill in our online application form, click submit and then sit back whilst we take care of the rest.
How will i receive my funds?
In order to apply for a payday loan you must have access to an active bank account that the funds can be deposited into.
What is the minimum and maximum i can borrow?
When you apply for a payday loan your personal circumstances will be taken into consideration and dependant on these you can borrow anywhere between £100 and £1000. The table below shows how much you will have to pay back depending on the amount you borrow.
How long will it take to process my application and receive my funds?
When you apply for a loan through PaydayCube, it is a quick and simple process. Generally the application, including signing for the loan, takes only a few minutes. There may be times when we require you to provide additional information, but even when this happens, your application should be taken care of the very same day.If you apply before 9pm Monday to Friday, you will usually receive the funds on the same day. If you make your application after 9pm, or over the weekend, then you can look to have the money deposited into your account on the following working day.
Is my Bad Credit OK ?
Of course! As a payday loan is borrowed over a maximum of 31 days, our lenders are more concerned with your current circumstances. Many of our lenders specialise in lending to customers who have a bad credit history, so there is no need to worry.
How can i pay back the loan?
Usually the payment will be taken from your bank account via direct debit on the date that you specified during your application. If this is not convenient then you can call the payday lender and discuss whether or not they have any other options available.
What is our Criteria?
Each lender will have their own set of criteria for any potential borrower to meet. They do all however, share some minimum requirements. For instance; you must be 18 years of age or older when applying for the loan, you will need to provide proof of your identity and you must hold an active bank account, which accepts direct debits.
Do we use a Credit Score system?
Some of the lenders that we work alongside do use a credit scoring system, but this is not true across the board. If a lender does decline your application we will re-send it to another lender to give you the very best chance of securing an approved loan.
Any questions we have missed? Please contact us via the 'Contact' page and speak to an Advisor who will assist you with any issues or enquires you may have.