Purple Payday commonly are not a direct lender but instead a broker. One big advantage of seeking a loan through Pink Payday is that you only have to complete one application mode and they'll submit it a number of lenders for you until they find the one which accepts you. They provide a speedy service all of which secure you a payday loan in a timely manner - usually within an hour or two. If you want entire control over which lenders the application form goes to then it's best never to use them but instead affect each lender directly. Comparison sites typically will let you apply to several banks directly.
The charges and investment costs they advertise may not be strictly true for all online payday loans they broker as not every the lenders they use contain the same costs - but the APR they advertise is accurate as it's the common APR that customers are actually charged. And Purple Payday manage to offer the lowest APR in the industry - this is best part about it indeed and one great reason to use through them. The finance charge of £25 for £100 borrowed is typical all over the payday loan sector.
Purple Payday offer a complimentary BACS (up to 3 working hard days) funds transfer service to your money BUT if you apply before 3pm your money loan will be funded about the same day.
As for credit ratings checks, some but not all the lenders they use do credit scores applications and use Credit ratings Reference Agencies. However, if the lender chooses to decline the application Purple Payday will send you to a lender who not use these options, thus giving you the most effective chance of gaining an approved loan application.
If for a valid reason you cannot repay your loan by deadline then you have the choice of deferring the payday loan. This is also called rolling over the bank loan. You can only defer twice but while you do this you do have to pay back the attraction charge (but not that loan balance). After deferring the payday loans twice they'll ask you to