Sometimes taking a payday loan is unavoidable. But that doesn’t mean you should prolong the experience. Find out here how to repay your payday loan quickly with Quick Loans Express.

Following some simple advice will ensure that your payday lending experience is a positive one. We’ll try help you learn to pay off your loan quickly and effortlessly. Read about how to:

Story Highlights:

  • Shop around for the best deal
  • Work out exactly how much you need
  • Check the fine print of your payday loan agreement
  • Set up automated payments
  • Cut down on your expenses
  • How to repay your payday loan early
  • When things don’t go according to plan

Taking Out Payday Loans

With their high-interest rates, payday loans can be a costly way to take out consumer credit. However, sometimes you’re in a bind and need cash desperately for unplanned expenses. Then, payday loans can be a lifeline in your hour of need. With speedy applications available online, lenders can deposit the money into your account in a matter of hours. These same day loans for bad credit or not can save you lots of stress and hassle. Very often, you dislike the idea of owing money. Consequently, your concern may be to pay off the loan as quickly as possible. How can this be done?

Tips to Repay your Payday Loan Early

1. Shop Around for the Best Deal

Although you may need the cash as soon as possible, shopping around for the best possible deal with the lowest interest rates won’t take more than a few minutes. Price comparison sites are available at the click of a button. Use at least two different sites so you can get a clearer picture of what’s out there. Make sure that the instant payday loans provider is a reputable company which abides by a Good Practice Customer Charter. This will ensure you have a positive payday loan experience.

2. Work Out Exactly How Much You Need

Take the time to calculate how much you need to borrow before you apply for the loan. If you require the money for car repairs, know the exact amount they’ll cost. Often in our hurry, we think of a figure and round it up ‘just in case’. However, you must remember that the more you borrow, the more you’ll end up paying in interest. Hence, the more difficult it might be for you to repay your payday loan. If you end up with a surplus, the temptation could be to spend it just because it’s sitting there in your bank account unused. This can be an expensive mistake to make.

3. Check the Fine Print of your Payday Loan

When applying for your payday loan, make sure you understand the terms and conditions of the loan. Of course, if you’re unsure about something, just ask! A reputable lender will welcome any questions you may have.

If you think you may be able to repay your payday loan early, check the terms to make sure they won’t penalise you for this. As well, check any restrictions that the lender may have on repaying early. At Quick Loans Express, we will only charge you interest on the duration of your loan. So if you pay your quick loan off early, you will immediately pay less in interest fees and save money!

4. Set up Automated Payments

Your lender will let you know what methods of payment are acceptable to repay your payday loan. Whether you choose to set up a Continuous Payment Authority or prefer a direct debit, it is entirely up to you. In general, automatic payments are much better for your own peace of mind. With the hectic pace of life, it’s very easy to forget loan repayments. The automatic withdrawal of funds means that you aren’t tempted to spend this money on something else.

5. Cut Down on Your Expenses

During the duration of your 6 month loan, you should avoid splashing out and making major purchases. With a loan to be repaid, you’ll have less income at your disposal. As such, take a good long look at your spending habits to see ways you could cut down on your personal expenses. Even simple changes in your habits will make a difference to how much is left in your pocket near the end of the month. For example, preparing home-cooked food instead of relying on takeaways. Or walking instead of taking the car for even the shortest journey. These changes in habits could quickly become second nature and allow you to build up an emergency fund for unforeseen expenses. You wouldn’t then need the helping hand of a payday loan!

Alternatively, would it be possible for you to pick up some overtime during the duration of your loan so you could pay it off early?

Sometimes things don’t go according to plan. Suddenly, something unexpected may prevent you from paying off your loan in the agreed time. In this case, the single most important thing to remember is to contact your lender as soon as you realise there is a problem and before the due repayment date. Don’t bury your head in the sand and hope the problem goes away. Also, in this way, you might be able to avoid the late repayment fee of £15.

A reputable lender will be more than willing to meet you half-way with a penalty-free grace period or affordable repayment plan. However, this can only happen if the lender is aware of your difficulties.


No one likes being in debt. However, the way that society now works and the increasing demands and expenses of modern life means that sometimes it’s unavoidable. Nevertheless, the tips given above will enable you to pay off your short-term credit loan as quickly as possible. You may even be one of the estimated 90% of payday loan customers who in a November 2016 Social Market Foundation study said that payday loans were a convenient way to borrow money.

Taylor Rose
Taylor has been an avid writer since her early school days. At 5, she was creating candy floss planets where heroic candy canes stood up to the evil Russel Sprout. Later, she was documenting historic events, and her writing was always appreciated by all who read it. After working as a program developer for many years, she traded her successful career to make a living out of her writing skills. Nowadays, Taylor helps the Quick Loans Express blog bring current and useful information to people looking for helpful financial advice online – hopefully with a fun twist!

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* Warning: Late repayments can cause you serious money problems. For help, go to