Consumers frequently see advertisements for payday loans that provide quick cash until the next paycheck. It is common for lenders to require this money to be repaid within one to 31 days, allowing the borrower to use the next paycheck to fulfill the obligation.

But, what if that paycheck is not enough to cover the balance?

A payday loan with a 90-day repayment period provides the additional flexibility that some borrowers need. They can use several of their future paychecks toward the balance, while at the same time not falling behind on their other bills.

Having three months versus thirty days to repay the loan can make all the difference for some people.

It is just as easy to apply and be approved for this longer repayment loan and amounts range from £80 to £1,500. The application is completed online and no documentation needs to be faxed. Applicants provide information regarding education and employment in addition to their demographic details. After verifying this information, the lender transfers the money to the active bank account of the applicant.

Some borrowers use the longer repayment period to improve their credit. In some cases, the period can be extended longer than three months, based on the financial standing of the borrower and reason

for requesting the money.

Two extension options are 100 and 120 days and in no case will a credit check be conducted. This makes it possible for those with poor credit to get cash and use the loan to better their credit history.

No credit check loans are used by individuals who need to quickly consolidate or pay off debt. They also come in handy when unexpected medical or auto repair bills arise. Though their interest rates are higher than traditional bank financing, if they are repaid quickly, the impact is not as painful on the wallet.

•