Purple Payday is a licensed credit broker and not a Lender

Purple Pay Day UK

Be SMARTER with Purple Payday - Complete our online application form and let us do the hard work. Rather than you having to make numerous applications with different lenders, we will search our panel of lenders and brokers in real time to try to find you the lender with the lowest rate that is interested in lending to you. We will search up to 40 lenders and brokers and give you a decision. Purple Payday is a licensed credit broker and not a lender. If we are unable to find you a loan we may offer you an alternative product.

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Purple Payday is a Leading Loan Broker

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Read about our Responsible Broking Policy


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Secure and Online Application Process

The Purple Payday technology allows us to search a huge panel of trusted lenders and brokers in under one minute! All you need to do is complete the online application form and we will do the rest.

Representative 728.9% APR.
Representative example: £400 borrowed for 30 days. Total amount repayable is £459.36. Interest charged is £59.36, interest rate 180.5% (variable)


A Different Payday Experience

The Purple Payday process has been designed and continually developed to provide the customer with an efficient loan search that reduces the need for multiple applications.

We offer our customers a seamless one-page application process that is entirely online and can be completed at any time of the day. Our market-leading technology powers your application to a panel of leading UK short term lenders, giving you the best possible chance of your loan application being approved by a reputable lender that you can trust.

With over eight years of experience in the market, our customers can rest assured that their application is being handled through a secure site that protects your data through encryption. Without phone calls, faxes or multiple application forms you needn’t waste time searching as our one form does it all – truly a forward-thinking payday experience. Purple Payday is proud of the fact that we do not do things by the book; choosing instead to innovate and develop, encouraging a customer centric approach to everything we do. Our entire experience takes only a few minutes, from beginning the application to electronically signing for your situational credit – try our service today and you could find the loan you need!

Collections Process

Once you have received your loan amount, if you are unsure that you will be able to meet any arranged repayments, or if you think there will be any difficulty repaying any part of your loan, then you must contact the provider of your loan directly as soon as you become aware of this. Contacting your lender will provide you with the best opportunity to perhaps reschedule payments or discuss further options in more detail to avoid non-payment entirely. Purple Payday wishes to make customers aware however, that changing the details or repayments of your loan amount could incur further charges or interest, the details of which can only be discussed directly with the lender of your payday loan. If no attempt is made to contact your lender and update them on any circumstantial changes or make the lender aware of any difficulty in paying back what you owe; they reserve the right to pass on your details to third party debt collections agencies or organisations that will attempt to recover the debt.

Implications of Non-Payment

The implications of non-payment of your loan could result in the details being included within your credit report, hindering future attempts at securing credit or finance, in addition to further charges potentially being added by the lender. Where you miss a payment entirely, you will often incur a charge/fee that could be added on to the total amount that you owe. Upon a missed payment, lenders will often try to contact you by telephone or letter in order to recover the funds and they may be able to arrange a new re-payment date with you. If you are struggling, or think there is a possibility that you will not be able to meet repayments, Purple Payday strongly recommends that you contact the lender in the first instance.

Late Payment

Where you feel that you will not be able to meet your re-payment date and will need to make your payment at a later time – you must contact your lender to arrange this. If you do not, it could be assumed that you are unwilling to re-pay your loan and therefore you could incur a higher fee or charge than you would otherwise have done by simply extending your loan term. A late payment fee usually amounts to anywhere between £1 and £100 and this will vary dependent upon your lender. However, we do not advocate the unnecessary extension of short-term loans and as a result we ask that you ensure that you will be able to re-pay any loan that you apply for. For more information, please read and understand the terms and conditions associated with your loan agreement.

Renewal Policy

We do not advocate the renewal of short-term loans however, in the instance that you wish to do so you must contact your lender immediately. You will often be charged the same rate of interest or fees for an extra month however; this will be charged on the full amount that you owe to the creditor (amount borrowed plus first month’s interest). If you are late in making your loan re-payment or you fail to make the re-payment at all, your loan may be automatically rolled over thus automatically incurring further interest and charges. Any amount that you have borrowed you will be liable to re-pay so, please make sure that you only take out a loan if you can afford to pay it back in full.

How much do you want?

Representative 728.9% APR.
Representative example: £400 borrowed for 30 days.Total amount repayable is £459.36. Interest charged is £59.36, interest rate 180.5% (variable)

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Purple Pay Day is rated 1.82 stars by Reviews.co.uk based on 17 reviews

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