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

Which? Limited (registered in England and Wales number 00677665) is an Introducer Appointed Representative of Which? Financial Services Limited (registered in England and Wales number 07239342). Which? Financial Services Limited is authorised and regulated by the Financial Conduct Authority (FRN 527029). Which? Mortgage Advisers and Which? Money Compare are trading names of Which? Financial Services Limited. Registered office: 2 Marylebone Road, London NW1 4DF.