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PaydayUK: MEM Capital
month end money
  • Company Name: MEM Consumer Finance Ltd
  • Site Description: Fast Payday Loans: No Paperwork, No Credit Checks, Instant Approval, Easy Application! Repay on your payday! (as on the lender website).
  • Website: monthendmoney.co.uk, paydayuk.co.uk, paydayloansnow.co.uk

PaydayUK Features

  • Maximum loan amount: £750
  • First loan amount: Do not mention
  • Typical APR: 1845%
  • Finance charges: 25% per loan term

PaydayUK Eligibility

  • Be over 18 years old
  • Be employed full time
  • Take home more than £750 per month
  • Have a bank account with a valid debit card

Our Review

They are one of the most prominent among UK payday lenders. No matter where you apply, you always seem to land on their website. They have the standard payday loan deal with 25% interest to be paid per term. They may in some cases need you to send faxes. There website mostly adheres to legal guidelines.

To know more about this lender do a quick search in the consumer forums of UK and hear what people have to say about it.

#1Submitted by Mike (not verified) on Wed, 02/24/2010 - 15:08.

They are actually MEM

They are actually MEM Consumer Finance LTD, not MEMCAP or MEM finance.

Yes they do operate under different branding, but are transparent about the holding comopany in all the instances I've seen.

No, they don't appear to be brokers for payday express, I suspect the application form you used guest #4 WAS a broker who then directed you to payday express.

No I don't work for them, but have used their service.

My experience with them was pretty smooth, they did what they said, charged what they said (which seems to be in line with the market as a whole). Allow rollover - just paying the interest, although as James stated, they do actually SUGGEST and give good reason for you to try to reduce the capital too. My only real niggle, would be that they don't seem to offer transfers via the faster payment system, so your BACS transfer will take 3 days.

I'd use them again if I needy some short term cash, and my bank continues to be anal about an overdraft (or, not an overdraft!)
#2Submitted by James (not verified) on Fri, 01/08/2010 - 10:36.

Have used these many times.

Have used these many times. Company is a bit naughty in that the advertise under many different names (eg monthendmoney / paydayuk) but they're fine. Competent staff and money transferred when they say. Also, when you roll over they give you the option to pay off a bit each month, so they actual promote you paying off the balance. You don't have to (can just pay interest) but it's good to see a least some effort made.
#3Submitted by Clare (not verified) on Thu, 12/17/2009 - 21:48.

I have used this company over

I have used this company over and over again and can say they are possibly the best out of all Ive tried......no hassles and money in my account the next day, no need to send bank statements either!! They are recognised as paydayuk but the company behind it is called MEMCAP. Would definately recommend!! :D
#4Submitted by Sharon (not verified) on Wed, 11/04/2009 - 11:01.

No they are MEM finance.

No they are MEM finance.
#5Submitted by Guest (not verified) on Tue, 09/15/2009 - 11:56.

MEM

Don't trust the, they are brokers for payday express
#6Submitted by Guest (not verified) on Sun, 01/10/2010 - 18:42.

yes I have found this too -

yes I have found this too - had a loan some time ago with them and were fine but have recently tried to get one off them again and I just keep getting redirected to payday express website instead - do not seem to be a direct lender anymore.

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