About Payday Loans

Payday loans have been around since the 1990s but the recent financial situation has meant that traditional lending institutions such as banks and building societies have tightened up their lending policies making it much harder for ordinary people to borrow money. Household incomes are set to drop again in 2012, while the cost of living continues to rise; fuel bills both to heat the house and run the car just keep climbing as do supermarket costs, train, tube and bus fares. All this has meant the need for alternate products has increased dramatically over the last 10 years, that's where payday loans come in. So what's so great about payday loans? Well, payday loans are small, short term loans with very few requirements to meet to obtain funds, that means they are simple to use and they are open to almost everyone.

When we talk about payday loans we're talking about short-term unsecured loans. That is they are lent over a short term; generally a few weeks up to a month. And they are unsecured, meaning you don't have to offer any security against the loan; your car or your house are not at risk and you do not have to provide a guarantor.

Payday Loans are intended to help you get money quickly and easily when you need it, and let you pay it back next time you have it.

The main advantage of payday loans is that the process is designed to be very simple so as not to present a barrier to people who need money quickly in an emergency; once you have told us who you are and what you do we make you a loan up to £1000 to be repaid, with our charge, at your next pay day.

In this way, payday loans extend credit to a wide range of borrowers, and provide loans to users when other financial institutions may not. Throughout their development and growth over the last few years payday loans have made small, quick loans available to a much larger part of the population that would not have had access to credit of any kind only a few years ago.

People (politicians) sometimes get worked up about payday loans. They get upset by the large APRs associated with them. However APR or Annual Percentage Rate is an annualised figure designed to help borrowers compare the cost of long-term credit and is not really meaningful in cases where the loan will be outstanding for only a few weeks. With payday loans the fee for the loan is fixed and remains the same whether you take out the loan for a week or a month. However if you take this fee and multiply it many times over to create the APR figure, you get a huge and misleading percentage rate. See our APR explanation page for a more detailed explanation.

About Payday Loans from Top Hat Money

Payday Loans from Top Hat Money are 'instant payday loans', that is we aim to have a response to your application within seconds, there is no waiting around for advisors to call or results to come back for assessors to review.

Our loans are 'faxless', that is you will not need to fax, post or email any supporting documents to substantiate your application.

Our loans are 'no credit check', that is we do not run credit checks - which can adversely affect your credit rating

Top Hat Money aim to provide you with an honest and forthright service and the best customer support in the industry. No fuss, no drama, just a quick decision and money in your account as quickly as possible.

Top Hat Money is a trading name of Link Metric Limited.

Link Metric is Registered in England No. 586 7434 and is registered with the Office of Fair Trading, Consumer Credit Licence No. 645219/1.

If you have any additional questions or comments, please contact us.

t: 0333 444 2011. e: info@tophatmoney.com

Payday Loans from Top Hat Money

To help you understand more about payday loans, we have compiled the following overview.

Payday Loans are the quickest and easiest way to get an advance on your salary; it doesn't matter what you need it for - we can make you a loan for any purpose.

You only need to be over 18, have a regular income and get paid directly into a bank account with a debit card issued on it.

We aim to get your money into your account within 15 mins of us receiving your application. Once approved your funds are electronically transmitted and cleared directly into your bank account within minutes!

Our payday loans are the easiest way to get your hands on cash quickly. If you need money today, Top Hat Money is here to help.

Instant Payday Loans from Top Hat Money

What's 'instant' about payday loans from Top Hat Money?

Our loans are referred to as 'instant' because once you submit your application you will get an immediate response, and because you can expect to get money in your account in less than half an hour.

We are one of a new wave of payday lenders to offer near instant loans¹. To read more about why Top Hat Money loans are 'instant payday loans' check out our info page.