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Payday Express Loans @

Payday Express Loans
Payday Express is the UK’s longest running payday lender (since SafeLoans closed and TMS moved away from monthly). This company got up and running in 1999 and they have been trading on the web through since 2003. There is no background information, but a single retail store in Bromley is likely where they started. This has been an American-owned business since April 2009. DFC Global Corp is otherwise known in the UK for their control of PaydayUK and The Money Shop. All brands run through the subsidiary of Instant Cash Loans Ltd. After capping was enforced we saw big upgrades on the flexibility side here. They did initially just serve a month, but now offer between 1 and 12.

The loan sums shift in £10 increments between £100 and £2000. The Payday Express loans over a single month meet the cap, whilst on the instalment side for £300 you’d pay £139.98 (3m) and £217.80 (6m). For a large £1000 sum over a year the cost is £807.56. Their customer support hours are Monday to Friday (8am to 7pm) and Saturdays (9am to 4pm). Their deposit times run throughout the week on the hour between 9am and 6pm, between 10am and 5pm on Saturdays and at 5pm on Sundays. The chance of Sunday funding would only be available to a customer who has borrowed in the past where there is no flag on the request.

The noted deposit times differ to PaydayUK’s, but other than this each of the products are matched. Over at The Money Shop they have moved away from monthly lending altogether. There is a Payday Express login provided to all users. One of the notable things about this company is the level of trust that they have built up over their long history. This CFA member has never picked up negative press unlike the likes of QuickQuid and Wonga. Unlike those firms through, this company hasn’t ever managed to attain major lender status. This has a lot to do with a lack of investment on the advertising side. Unfortunately, PaydayUK has always been the owner’s key priority.

Pricing Examples…
£24 /£100 (30)
£139.98 /£300 (3)
£217.80 /£300 (6)
£807.56 /£1000 (12)

Data Taken from January 2017.