Released on: November 14, 2007, 11:01 am

Press Release Author: Mark Grant

Industry: Financial

Press Release Summary: The payday loan industry in the UK continues to create a
strong presence in the loans market as it caters to the short term financial needs
of UK residents. Realizing the need for an established industry that would serve the
needs of UK residents relating to financial emergencies, the payday loan industry in
the country has been continuing to gain a foothold.

Press Release Body: Realizing the need for an established industry that would serve
the needs of UK residents relating to financial emergencies, the payday loan
industry in the country has been continuing to gain a foothold. Many new companies
have been set up in the recent years and well known institutions have also expanded
their business to meet this gap in the market.

[Mr. John Smith] of Get A Payday Loan states that "there are many UK residents today
who are suddenly faced with a financial need that cannot be met on time by
traditional loans." He goes on to say that "these people usually have a stable job
or a regular source of income and just need a quick influx of money to stabilize
their finances till the next payday."

With this scenario in mind, financial institutions continue to offer easy and href="http://www.getapaydayloan.co.uk/">quick payday loans. The main
requirements to apply for such a loan are:

· At least 18 years of age
· Resident of the United Kingdom
· Be a regular employee
· Have a current bank account.

Most payday loan providers today operate online. This offers a lot of advantages to
both the lender and the borrower. Online operations translate to faster processing
of the payday loan. As such, borrowers can expect a reply to their application
within hours. Once approved, the cash transfer can be completed in as short as 24
hours. Payment of the payday
cash loan is also made easier as it is done through automatic debit from the
current account of the borrower.

Another perk of online payday loans is the fact that credit checks are not required.
A customer of Get A Payday Loan shares: "I had some trouble with my credit ratings
and I really needed money for some unexpected event. I was lucky that someone told
me about payday loans. Since I had a stable job, they approved my payday loan
application without having to run a credit check."


Web Site: http://www.getapyadayloan.co.uk

Contact Details: Payday Loans UK, 3 Coborn Road, Docklands, London, E3 2DA,
United Kingdom