Payday Express Review | www.paydayexpress.co.uk
Address: PO BOX 255, Bicester, Oxon, OX26 4ZY.
Branding: Payday Express. AKA: PaydayExpress.
FCA Licence: 681750.
From: Instant Cash Loans Ltd (part of DFC Global Corp).
Launched: 1999 (2003 online).
Related: PaydayUK, The Money Shop, TMS (Store).
Bad Credit Payday Express Loans Available?: Yes.
Manage: Payday Express login provided via www.paydayexpress.co.uk.
Offers: Payday, instalment and personal loans.
Opening Hours: Monday to Friday (8am/7pm), Saturday (9am/4pm).
Secure (SSL): Yes.
Sums: £100 to £2000 (new and returning).
Terms: 1 to 12 months.
£24 /£100 (30) <0.800%>
£139.98 /£300 (3) <0.518%>
£217.80 /£300 (6) <0.403%>
£807.56 /£1000 (12) <0.221%>
Notes: From Monday to Friday hourly deposits take place between 9am and 6pm. The range on Saturdays is 10am to 5pm whilst there is a single run on Sundays at 5pm. In comparison, PaydayUK’s is 4am to midnight (7/7).
– Amounts: Customers can access £1000 for a single month and at 5 months plus up to £2000.
– Experience: This company was incorporated in September 1999. It is believed that they initially traded through a high street store since they have been operating through their website since 2003. The valued experience marks this company as one of the founding lenders that you can trust.
– Operations: As well as the working week you can also receive funding on a Saturday. On re-loans it is possible to get a payout on a Sunday (this depends on whether the request is flagged or not).
– Ownership: This brand was taken over by Dollar Financial Group Inc (now renamed as DFC Global Corp) in April 2009. DFC are one of the leading consumer finance groups online. They later acquired PaydayUK in April 2011. This high profile owner strangely hasn’t invested in advertising here as they have done with PDUK. The same also stands for their search engine progression. These are the primary reasons why Express hasn’t gone on to attain mainstream popularity.
– Profile: Whilst this lender is not considered as a major lender such as their fellow brand or QuickQuid or Wonga, they are certainly one of the top 10 firms.
– 2016 updates have seen new enhanced amounts and terms. Self-employment is no longer accepted. Catering this niche was one past key difference between themselves and PDUK. Some of the prices have changed a little.
– Amounts available stood as £100 to £500 or £750 when returning. This range has now been improved.
– Enhanced flexibility allows users to select 2, 3, 4 or 5 months (now 1 to 12).
– Express Finance (Bromley) Ltd has now been replaced by Instant Cash Loans Ltd. They are on their licence now.
– Pricing was set at £29 per £100 before the cap. This was slightly cheaper than PDUK where you paid £29.95. Regardless, both are now matched. They did at one time charge fast funding fees for return clients, but this was later changed.
– Website has received a smoother design upgrade (as has their logo). This new look is an important improvement to see, since they have tended to run few changes over their history. They were for instance one of the last prominent companies to add an account servicing facility.