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Payday loan calculator

If you're considering getting a payday loan our calculator can show you just how much one could cost you, and how quickly the debt could increase if you don't pay it back on time.

Payday loans might seem like a quick fix for a short-term money problem but if you can’t afford to pay the loan back on time, the debt can spiral into a much bigger problem. 


Payday loan calculator

Use the sliders to enter the loan details. This will show you what can happen if you cannot repay on time. The amount you owe can spiral.

Loan amount: £100
Loan period: 1 day


What are the risks of getting a payday loan?

Most people take out a payday loan to cover a shortfall their income, or to pay a one-off expense they can't afford.

Because payday loans have such high interest rates you might not have enough money to last until your next payday once you've repaid your loan. If this happens it can seem like a good idea to take out another loan, or rollover the balance until the next month.

This can quickly cause you to become reliant on payday loans and your financial situation can become difficult to deal with.

Need help with payday loan debts?

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Payday loan help and advice

If you've taken out a payday loan and you're struggling to repay it we know how difficult it can be to get out of the payday loan cycle, but we can help.

Our expert advice can help you find ways to deal with your payday loans, and we'll give you practical advice on getting your finances back on track and preventing you from getting into further debt.

"They were so kind, they listened patiently and helped me through the process" Alison, Kent