Payday Power Increase Upper Borrowing Limit to £1,250

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The hugely popular UK-based payday loan broker has announced that it will now be offering short term loans for up to £1,250.

As a popular loan brokerage, Payday Power sources quotes from a number of leading lenders on behalf of borrowers. Due to the continued expansion in the amount of lenders providing payday loans through Payday Power, the company has announced that it is now able to offer customers up to £1,250.

This is just one of the many updates that Payday Power has announced so far this year. With the company now providing decisions 24 hours a day, 7 days a week, including public holidays, customers are benefiting from a far more accessible and versatile service.

The raising of the upper limit represents the second such increase within as many months. This has been made possible by the addition of new approved lenders as well as improvements made by those already used by Payday Power. Ultimately though, this represents the continued growth of the brokerage company and its commitment to provide customers with the level of service that they demand.

Explaining this further, Simon, the Managing Director of Payday Power, said; “When offering short term loans, you have to be able to respond to what your customers are demanding. Failure to do so will see them go elsewhere. This is why we have halved the time it takes to process applications, why we now offer decisions every day of the year and why we have now increased our borrowing level to £1,250.”

“It may not be the biggest increase we’ve announced; however it ensures that we remain highly competitive and continue to deliver the level of service our customers expect” Simon continued. “There are more updates and improvements to be announced soon, so this is an exciting time for Payday Power. We are also constantly looking to make sure that we have the very best lenders, allowing applicants enjoy the value that comes with variety.”

About Payday Power

Founded in 2008, Payday Power is a leading broker of online payday loans. Part of the Reset Finance group, they enjoy the backing of a number of major lenders to help get the best deal for customers. Payday Power offer payday loans of up to £1,250 at a typical APR of 1,737% - equating to around £25 per £100 borrowed or 25% of the total amount – and are committed to responsible lending.

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Samantha Stratton
Koozai Ltd
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