A payday loan is a short-term loan, typically between £100 and £1,000, that’s designed to tide you over until your next wages day arrives.
Payday loans are usually intended to help you meet emergency bills that can’t be covered by your savings or regular monthly wages, for example, car repairs or broken central heating.
Now, that all sounds like a perfect way to get yourself back on track when domestic disaster strikes, but with interest rates on payday loans often being several times that of what you’d pay on a bank loan or credit card, what starts out as a small sum can quickly become an unmanageable debt.
Any payday loan you were given must have been affordable so that you could repay it in full on your next payday.
You should have been able to comfortably meet your usual monthly expenses, (rent, food, bills, other debt payments, etc.), without difficulty.
The Payday loan company may have been irresponsibly lending if:
At Crystal we really want to help you to make a positive difference to your life.
Reclaiming any mis-sold Payday Loan could give you some additional money and we are with you every step of the way.
Simply fill in this quick form and one of our friendly and professional advisers will call you back.
Crystal Legal Services Ltd, Gawsworth House, Westmere Drive, Crewe, CW1 6XB.
Crystal Legal Services Ltd is a claims management company Authorised and regulated by the Financial Conduct Authority.
Company registered in England and wales. Company registration 6837474. Registered office: Fairfield House, Back Lane, Spurstow, Tarporley, Cheshire, CW6 9TE.