All reputable payday loan lenders are now regulated by the FCA (Financial Conduct Authority), which provides rules, regulation, and guidelines they must follow to stay compliant. They must be upfront about all interest and charges that will be applied to your loan. With an increasing number of customers turning to this type of borrowing to help with short-term financial difficulty, it’s not surprising the FCA felt the need to act. Our lender panel only includes regulated reputable direct lenders.

The APR rates for Payday Loans are high, but this is often a reflection of the short-term nature of the loan. The FCA regulation also means all payday loan lenders must include their rates on advertising, which has led to increased competition between them, which can only be good news for the average borrower.