Before I apply for a Payday Loan, how long does the application take?
Applying for a payday loan is very simple and fast! It only takes five minutes from start to finish – this includes signing for your loan!

How much can I borrow with a Payday Loan?
You can borrow from £80 up to £750 depending on your personal circumstances. Money is sent into your account the same day!

I don't understand your APR?
APRs are a good way of comparing similar products but are not effective when comparing different products. The following table demonstrates this:

As you can see the APR for the two installment loans are the same but the actual interest repaid as a percent of the loan is hugely different – and much lower with payday loans. This is why we focus on telling you very clearly how much you repay in total rather than on the APR.

Can I get a Payday Loan?
If you are over 18, in full time employment and earning more than £750 a month, you are likely to qualify. All you then need is a bank account for us to pay the loan in, with a debit card for you to repay!

What information do you need?
Our simple online form only requires the following information:

Your name and address
Your date of birth
Your contact telephone numbers and email
Your work and pay details
Your bank account and debit card details

Why do you need all this information?
We are a responsible loan provider and this means that we need to verify:

That it is you taking out the loan
That you are in full time employment and able to repay the loan
That we put the money in your account and no-one else’s account
That you can repay us in a simple and hassle-free way

Why do you credit score my application?
We credit score your application so that we can make immediate decisions while you are online. It means you get your loan decision –and money –Faster!

I have a bad credit history - will this affect my payday loan application?

Not necessarily. We look at each application based on your recent circumstances.

I don't have a debit card - can I still apply?
We require you to have a debit card in order for us to take your loan repayment.

Getting a Payday Loan, What do I have to do?
Complete our quick application online. If you are approved, you will be asked to complete your bank and debit card details and then sign your loan agreement. We will do the rest!

When will I receive my loan?
We will transfer the funds to your account on the same working day as your loan is completed. Please note that some banks take up to 48 hours money transfers to clear.

How will I get my money?
It’s paid directly into your bank account so you can access it as you would normally take money from your account.

Can I have two payday loans at the same time?
No all prior payday loans have to be repaid before another can be offered. This is because we are a responsible loan provider and want to ensure you can easily pay what you borrow.
 
Paying back my payday loan, how do I pay back my loan?
Easy – we take the agreed repayment amount from your debit card on your next payday – there’s nothing else for you to do.

Can I defer my payment?
Yes - although after deferring the payday loan twice we will ask you to start reducing the balance. This will incur new charges for every month the loan is due – but still at our fixed rate – there are no additional charges.

My payday or debit card details have changed, what should I do?
If your payday has changed, or you have a new debit card, please contact our customer services team on 0871 550 0073 as soon as possible and they will make the necessary changes!

What if I have problems paying?

We understand that people’s circumstances can change. If this is the case, you must let us know as soon as possible and we will do our best to help.

Are you FSA Registered?

Objective Associates Ltd are not FSA registered and are an affiliate for MEM Consumer Finance Ltd who are licensed under the Consumer Credit and Data Protection Acts.

- Registered Company Number : 04786727
- Registered Office : 88 Wood Street, London EC2V 7AJ
- Consumer Credit Licence : 539935
- Data Protection Number : Z910879X

 

Objective Associates hold a Consumer Credit License, our registration number is: 621948

The most important thing to note is, don’t borrow money you don’t think you can pay back.