Responsible Lending
PaydayKing is a responsible lender
- PaydayKing is committed to responsible lending.
- Our charges are spelled out in your loan agreement and there are no hidden extras - so you know how much you will repay at all times.
- Most of all, we will not lend you money we do not believe you can pay back.
- We follow guidelines to protect you and your personal information. We provide you with understandable legal agreements.
- We work to "Know Your Customer" guidelines, meaning we will not advance a loan until we have taken reasonable steps to confirm your identity.
- While the choice is yours regarding "consecutive loans," we recommend against using "rollovers" for a longer term and encourage you to pay off as much of your loan as possible at all times
Are payday loans right for me?
Payday Loans are right for you if you:
- - need money quickly to pay unexpected bills
- - are struggling with bills this month but are usually fine
- - need to pay for an emergency repair bill for your car before your next payday
- - have seen a great offer and just can't risk waiting till payday
- - you need a cash advance in the short term
We don't recommend taking a Payday Loan if you:
- - usually have financial problems every month. A payday loan is intended to help with only short term cashflow problems
- - cannot reasonably expect to repay your loan on on your next payday
- - need to borrow more than $1,000
Responsible borrowing
Although we do everything we can to be a responsible loan provider, you know your circumstances better than anyone else. So, before you apply, ask yourself:
- Will a payday loan really help me?
- Will I definitely be able to pay it back in full?
If the answer is “Yes” to both these questions, then a payday loan may well be the right product for you.
- Do I have longer term financial problems?
- Do I need a long term solution?
If the answer is “Yes” to these questions, then a payday loan is probably not the right product for you.
What is the minimum I really need?
Try not to borrow more than you need – this way you will keep your repayments more affordable.
Not sure? Phone our Customer Service team at 1-877-606-KING (1-877-606-5464). They'll be happy to help.
