Warning: Fraudsters are using our brand to target individuals. Loans 2 Go will never ask for upfront fees. If affected, please contact us & learn more here.

Payday Loans

What is a payday loan?

The concept of a payday loan is to help you get through the rest of the month till payday. 

Sometimes you find that, for whatever reason, there is just too much month left at the end of the money. You need some kind of cash advance to survive those last few days. 

Payday loans are designed to do just that. They offer loans for just a few days, that you then repay after payday, when you have the money to do so.

So should I take out a payday loan?

Payday loans have come under increasing Financial Conduct Authority regulation in recent years, to make them fairer for borrowers.

The main concern about payday loans has been the very high rates of interest charged. This makes them an expensive way to borrow money. The risk is that people could take out a small payday loan but then struggle to pay it back, and they could get trapped in a cycle of having to borrow more money to repay their debts.

Are Loans 2 Go a payday lender?

No, Loans 2 Go are not a payday lender.

But are there alternatives to payday loans?

Fortunately yes. More lenders are now offering short term personal loans that are cheaper than payday loans and give you longer to repay the money.

A personal loan can help to get your finances sorted. You don’t want to be in the position where you are struggling towards the end of every month. You need to look at a longer term solution than an expensive payday loan for a few days.

A personal loan could enable you to pay off other debts and leave you with just one loan repayment to make each month. This could enable you to afford to live from month to month, without running out of money.

Can I apply for a personal loan with poor credit history?

We will consider each and every loan application even with poor credit history or a CCJ

We are a responsible lender, so need to ensure that you would be able to afford your loan repayments and not get further into debt. But we don’t believe in holding your financial history against you, particularly if your circumstances have changed.

So if it’s time to get your finances sorted, then it’s time to see what Loans 2 Go can do for you. We offer loans between £250-2000, repayable over a period of 18 or 24 months. All you need to do is work out how much you need to borrow and how much you can afford to repay. Then fill in our online application form and we will see what we can do to help.