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UK Credit Rating Cut
Published on: Sat, 23 Feb 2013
The UK suffered a “humiliating” downgrading of its credit rating. Ratings agency Moody’s cut the UK’s top rate from Aaa to Aa1. Read full story here. ... read full article.
UK Mortgage Lending
Published on: Thu, 21 Feb 2013
UK mortgage lending at its lowest for nearly 12 month. Please read here. ... read full article.
Consumer lending soars
Published on: Wed, 31 Oct 2012
The Guardian reports that consumers in the UK took on £1.7bn of debt in September, including the biggest surge in unsecured borrowing in more than four-and-a-half years. Wage rises running below the rate of inflation and a switch in empha... read full article.
Fresh complaints about PPI mis-selling
Published on: Fri, 14 Sep 2012
With all the bad press in the, er press, you would be forgiven for thinking that the payday loan industry was a shambles. However if you did you would be wrong. The number of complaints received by the Financial Ombudsman Service (FOS) ... read full article.
Which? Magazine challenges high bank charges
Published on: Wed, 22 Aug 2012
Which? says the cost of going overdrawn without permission for two days a month costs from £120 to £900 a year. And they say that banks also make money from ostensibly “free” accounts by charging “hefty fees” for... read full article.
We have had piglets so you don't need to!
How much do you want to borrow?
We aim to please and the customer service from Payday Pig ® will see you as happy as a pig. We offer short term loans from £100 to £1000.
Representative Example:
If £100 borrowed for a period of 31 days at an interest rate of 296% variable* per annum, total amount repayable by one payment is £125. 1737%APR Representative.
Get up to £1000 Today with Payday Pig ®
When you can't pay the bills don't have piglets. Payday Pig ® offers fast and simple Short Term Loans. Our simple online process means there's no paperwork and no phone calls. Payday Pig ® is one of the UK's leading loan brokers so you only need to apply in one place, we have one of the best acceptance rates in the business. But please remember, you must repay this loan on your next payday, which is usually within 31 days.
Implications of Non-Payment
If you fail to pay back the required amount then you may be charged additional interest or late fees.
All our loan providers adhere to and follow all applicable collection laws and guidance.
If you miss a loan payment it is likely that you will be expected to pay an extra charge.
It is also possible that you will be required to pay further interest on the amount already owed.
This is further interest on the entire loan amount owed to that point, in addition to the original loan amount you borrowed.
The actual consequences will vary and depend on the specific loan provider who provides your loan.
The loan provider may initiate collection procedures and your credit score may be adversely affected if your payment obligations are not met.
Your debt may be placed with a collections agency who may take any collections actions allowed by law.
Collections Process
Payday Pig ® is a loan broker and we never charge you for the service we provide or take money from your account.
Many of the loan providers on our loans panel will utilise the Continuous Payment Authority to continue to attempt payment from your card consistent with the powers in the credit agreement.
Some of the loan providers on our panel do charge an up-front fee for the service they provide. We always try the non-fee charging loan providers first, and you will have the opportunity of declining any loan offer provided.
Renewal Policy
Payday Pig ® is a loan broker and as such the renewal policy will be dependent on the lender who provides the loan.
If you wish to renew your loan, you should contact your lender in advance.
Most lenders will charge the same rate of interest and fees for another month on the entire amount owed.
Please see the details above regarding the implications of missed payments, which could affect your credit score.
All of the above varies between lenders. Please ensure you read and understand the terms and conditions of the loan provider before agreeing to the loan offered.