We often read in our industry about certain businesses charging a fee upfront to arrange a loan, don't fall for it. Anyone that charges a fee upfront is probably trying to pull some kind of scam.

Also look out for the ones who are only contactable through premium rate phone numbers, this is also another well known scam. In our opinion the behaviour of these 2 types of scams are the lowest of the low in an industry already tarnished by sharks.

That's not to confuse those legitimate lenders who may charge a fee when the loan is completed and the money is in your account. Whilst not a great thing to do, it is at least more transparent than the other examples above.

The number of people trying to gain a payday loans is growing every week according to industry experts. The average loan being sought by those looking for a helping hand to next payday is around £235.

The average online lender will charge a rate of around £25 per £100 loaned, with the money being repayable by direct debit or debit card from the customers bank account within 30 days.

The other option is for high street lenders who charge about £12.50 per £100 with similar repayment conditions. The say that they can reduce their prices because they are able to vet their prospective customers in person

Do you need cash fast?

How simple is it to get a quick loan of some sort? Very very easy. In fact it will all be done in 4 quick steps...

• Choose the type of quick loans you want
• Fill in your details
• Check your email for a quick answer
• Check your bank account to see the money arrive....