Bank notes in hand

Payday loans

  • How payday loans and logbook loans work
  • The dangers of using payday loans
  • Cheaper alternatives to payday loans
  • How to deal with payday loan problems

What's in this guide

Payday loans: how they work

We show how payday loans work and how much they cost. We also explain the differences between payday loans, logbook loans and doorstep lenders

Payday loan problems

We show why payday loans are an expensive and potentially problematic way to borrow, and reveal better-value alternatives to payday loans

Which Ltd is an Introducer Appointed Representative of Which? Financial Services Ltd, which is authorised and regulated by the Financial Conduct Authority. Which? Mortgage Advisers, Which? Insurance Advisers and Which? Money Compare are trading names of Which? Financial Services Limited.