About Mr Lender
Mr. Lender offer short terms loans between £10 and £750 (£500 for first time customers). Your money can be in your account within two hours if your bank has 'fast transfer'. You don't usually have to provide any documents with your application, but you may have to. This loan is repayable on your next payday but please ensure you can pay it on your next payday otherwise you will end up paying a lot more money in fees.
You can apply online with Mr. Lender. Use the tool on their home page to decide how much you want to borrow and which date you want to repay it, then complete their one stage application form. Sometimes, if Mr. Lender cannot offer you a payday loan, they will suggest another company who may be able to help you. If you are accepted by Mr. Lender, they will contact you to ask you any further questions or they may request you to provide further documents. Once you have provided all of this and they have assessed your application, they will send you an electronic loan agreement to sign. When you have signed this, they will transfer the money into your account.
If you run into trouble, Mr. Lender are known for making it easy to roll over your loan to the next month. if you choose to do this, remember that the interest still applies so you will end up paying more back over the length of the loan.
Please be aware that Mr Lender acts as a lender but also acts as an affiliate. This means that when you complete your application form, they will tell you if they are able to offer you a loan. If they aren't, they may recommend another company to you. Do not feel as if you have to apply with the suggested company as this may further impact your credit file.
The cost of credit with this lender is £30 for every £100 borrowed plus fees. This means that if £300 is borrowed over 30 days £390 will be due in full on day 30