We explain how payday loans have been cleaned up and now benefit from extra regulation and more responsible lending practices.

Unfortunately the reputation of payday loans has been damaged by irresponsible lenders. Thankfully new rules are cleaning up the industry. Gradually payday loans are becoming the proper short term borrowing facility they were originally meant to be – something to be used only very occasionally to cover an unforeseen financial circumstance. With limits on the cost of credit and mandatory affordability checks you can have more faith in payday loans and payday lenders than ever before.

Solution Loans works with a leading edge payday technology partner. This way your enquiry has the best chance of finding a decent payday lender. And, as ever, technology means you’ll instantly get an answer and your loan is only moments away.

But before you take out a payday loan check it’s the right solution for your needs. It’s important to match your loan to its intended use. Use the Solution Loans “Quick Start” tool to discover other options.

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▶️ ON OUR WEBSITE & "MONEY MATTERS" BLOG

- Payday Loans: https://www.solution-loans.co.uk/payday-loans/
- How the payday loan industry cleaned up its act: https://www.solution-loans.co.uk/blog/payday-loan-industry-cleaned-act/
- The state of payday loans two years after regulation: https://www.solution-loans.co.uk/blog/state-payday-loans-two-years-regulation/

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▶️ ABOUT SOLUTION-LOANS.CO.UK

Solution Loans is a leading UK online credit broker. We started in 2005 with the express mission of providing people with information and online tools to help them make smarter financial decisions.

We're fully authorised and regulated by the Financial Conduct Authority (FCA). Our credit broking service is FREE to use; there are NO UPFRONT FEES. In most situations the deals you will get will be AS GOOD AS GOING DIRECT, although you should also have more choice than if you went direct.