Viva Loans

Warning: Late repayment can cause you serious money problems. For help go to
We are an authorised credit broker and not a lender.

Warning: Late repayment can cause you serious money problems. For help go to

Fast Transfer
On average funds are transferred within 15 minutes*
Representative 669.35% APR
Instant Decision
Our form takes 2 minutes to complete, decision provided instantly!*
Representative 669.35% APR
A secure service
We will never share your personal details without consent
Representative 669.35% APR

Warning: Late repayment can cause serious money problems, for help or advice please go to

Get a quick estimate for your loan
How much cash?

How long for?
  • 3 months
  • 6 months
  • 12 months
Your Loan Summary
Repayment by:
In your account by*: 07:10pm
Total to repay:

Rates from 49.9% APR to max 1333% APR. Minimum Loan Length is 2 months. Maximum Loan Length is 12 months. Representative Example: £250 borrowed for 30 days. Total amount repayable is £310.00. Interest charged is £60.00, annual interest rate of 292% (fixed). Representative 669.35% APR (variable). Interest charged is £161.63, annual interest rate of 292% (fixed). Representative 1192% APR (variable).

We are a free licensed credit broker not a Lender.

Car Loans

What are the Best Uses for Payday Loans?

Let's face it- payday loans have a reputation for having higher interest rates, especially to people who have bad credit. While maybe it's true people are getting tricked by unlicensed lenders by getting them into difficulties, some of these cases are due to carelessness.

Payday loans are not debt traps. You just need to know where to look for legit lenders and get educated about how these loans work. Along with sound financial management and being strict in following the repayment terms, payday loans are just like any other loans.

What You Need to Know

While payday loans can be an expensive way to borrow, it's incredibly convenient for people who have a bad credit score and require a quick injection of cash. Sure, there are plenty of loan products that are better than payday loans, but this loan has one of the fastest and most convenient applications in the market.

So why is it popular?

Payday loans can be used for a lot of things. Whether it's for a one-off payment of your bills or loan consolidation, payday loans can be your key to those. But before we talk more about why people take out a payday loan, let's first talk about what a payday loan is and how it works.

What is a payday loan, and how does it work?

A payday loan is an unsecured type of short-term borrowing of money that usually has a higher interest rate.

The interest rate usually depends on the borrower's regular income and credit profile (rare in some cases). The principal amount is usually paid for by your next salary. Not only that, but the application is fast and easy, especially online, where you can find a lot of them.

Since it's an unsecured instalment loan, it requires no collateral, which gives it a higher interest rate. This is done so the lender won't be at a disadvantage if the borrower defaults on the loan. 

Also called cash advance loans, payday advance, or check advance loans, payday loans usually amount as low as $500 or even lesser. These amounts vary depending on the state and several other factors, like how much you get on your salary.

Payday loans usually only last two weeks, which is optimal since people tend to be given their salary every two weeks. And the loan should be paid in one lump sum, along with interest at the end of it.

So what are the reasons people take out a payday loan? Here are some of them.

Debt Consolidation

Debt consolidation is an excellent way to cancel out your other debt by putting it into one account. People want to pay for different debts, from credit card balances to another instalment from another lender. Not only that, but people also take out a payday loan when another loan of theirs from another lender is almost up.

For example, you are scheduled to pay for a loan next Tuesday, but you don't have the money to pay for it, you might want to take out a payday loan since it's fast and probably one of the most convenient loans out there.

If you're in this situation, taking out a payday loan is not a particularly bad idea. However, that doesn't mean you should be careless. Always make sure to read the fine print of the repayment terms. Also, see if there are any hidden balances for the loan. These hidden balances might add up to your balance.

Holiday Funding

One of the biggest holidays of the year is Christmas. During this time, many people buy stuff for the holiday season, such as Christmas decorations, gifts for their loved ones, food, etc. Because of this, a lot of lenders have promotions that can be helpful for your Christmas funding.

For people who don't have nearly enough to buy stuff for Christmas, payday loans often seem to be the best solution for the problem. Their view of payday loans will help them fund their family for the holiday season, which they can also pay for during the new year.

To an extent, this idea does make sense, in practice. However, it can be a struggle. During the holiday season, people tend to overspend, especially on gifts. But with enough diligence, patience, and discipline, you can mitigate this habit of overspending during the holidays.


Sometimes, there are emergencies in life that require us to pay cash immediately. If you don't have savings for these types of situations, you might be in a pinch. However, this can be solved by payday loans.

The application and approval for payday loans are fast- so fast that you can even get the money on the same day that you applied, in most cases. Because of this, people tend to take out payday loans for different kinds of emergencies.


Payday loans may have a bit of a bad reputation, but the truth is, they aren’t. In fact, with payday loans, you can get out of sudden financial troubles and can even help you with a lot of unexpected expenses. However, you still have to be careful in taking out payday loans and any other loans, especially if you aren't confident paying them back.