Payday Credit

Company Profile

Payday Credit is an online payday lender in the UK and is a trading name of Capital Finance One Ltd.

Quick facts:

• Payday Credit also trades under the name Payday First

Loan Product

Payday Credit has a simple one-month loan product with an option of extending it for a further month. The interest will have to be paid on the first due date and the principal, along with the corresponding interest, will be debited on the final due date (if you are not extending it further).

Features:

• Loan amounts from £75 to £750
• Interest of 30% on the loan amount
• A maximum of 4 extensions of a further month are offered; after two extensions, customers are required to reduce their principal balance by paying back a part of the amount.