A payday loan is sometimes called a cash advance and can be used for many different purposes. Some people in the UK use payday loans to fund projects or trips so that they do not have to spend months saving up money. Other people prefer to reserve the payday loan option as more of a last resort, using them to help cover unexpected expenses that could not be handled otherwise. Around 75% of people, however, use payday loans to pay their bills. When late fees are a threat, you can take out a payday loan to pay off your bills. When you are at risk of having your utilities cut off because you owe the company money, taking out a payday loan may be a cheaper option than having to pay the fees associated with reconnecting your services after they have been severed. Whatever bills you have to pay, a payday loan may be able to help you.

Payday loans are also called cash advances because they are designed to provide you with cash fast under the condition that you repay the money sometime in the near future, generally when you receive your next paycheck or within 14 days. Loans can be taken out in amounts ranging from ₤100 to ₤1000 or more, so you can probably pay off all of your bills with one simple loan.