Payday loans vary in repayment term and interest quite dramatically, some payday loan companies charge interest over 1,000 percent, some even over 2,000 percent!

If you are considering a payday loan we would recommend using a lender with a more reasonable APR, and flexible repayment periods.  Payday loans applied for through my-payday.co.uk have an APR of just 200%, the lowest in the UK and can be repaid as quickly or as slowly as desired.  if you cannot repay the loan within a month it isn’t a problem, just repay the interest!

For more information please visit: payday loans.

Are there alternatives to a guarantor loan?

This all depends on your financial situation, taking out a guarantor loan from a company like FLM Loans may be your only real option other than taking a much lower amount for a much higher APR.

It should also be remembered that FLM charge interest daily, so you could borrow money for a shorter term that originally planned and not suffer in additional cost, this is great if your financial situation changes and you want to clear your guarantor loan in favour of a high street loan.