It doesn’t really seem to matter how carefully you budget some months, it is just impossible to make the money stretch as far as it should. If you constantly find yourself with a shortfall, you should look very carefully at your spending and if necessary seek advice from an expert but for those occasional months from hell when everything that can go wrong does, a payday loan is probably the answer, mainly because they are so quick to arrange.

When financial disasters happen, like the car breaking down or a household or family emergency involving unexpected outlay, you can arrange a payday loan which will be in your account very quickly indeed. Banks and also payday lenders vary, but three days would generally be the absolute maximum, with some companies being able to turn everything round in a matter of hours. Compare this to obtaining a bank loan, which can take weeks, and you can see why so many people opt for a payday loan to tide them over when they need an amount between – typically – £80-350. Because the sums involved are relatively small, there is no need for collateral and as you know upfront what the repayment is, this type of loan is easy to understand and easy to set up.

Most payday loan companies have just one simple form to fill in, you give them your bank details, both for the payment to be made to you and for the withdrawal to repay the loan to happen on payday. And that’s it; quick, convenient, no queuing in the bank, no interviews, no travelling at all. In fact you can arrange the whole thing in your coffee break from any smart phone, so no one even need know what you are doing. Payday loan companies don’t judge – thousands and thousands of people every month are using them to help stave off a temporary meltdown and they have made it their business to be as discreet and convenient as possible.