Payday loans can help even the wealthiest person at a time of crisis. No matter how much you try to make, you may need that extra £1000 for something, and then you have a month to pay it off. It doesn’t matter how much you earn, it doesn’t matter if you earn £1000 or £100,000, youcan still apply for a payday loan. The only criteria’s are that you must be a British Citizen and over 18 years of age. You click “Apply”, and you get the money.

If you have a bad credit history, you will realise that you get a lot of problems when applying for loans or a finance. This is because the companies giving out the loans to you don’t really trust you with their money. This is a great disadvantage because you will not be able to get that sofa set at Ikea for £900 on finance.