PaydayUK: MEM Capital

This was a run around service! You get accepted and then want more information. This is fine, however, when it comes to statements they want the info in PDF or JPEG format. The Halifax do not offer this, used screenshots instead. They did not like this, in the end the bank gave me a bank overdraft!! I felt the whole process was like obtaining a large mortgage. There are better lenders. I even have a good credit rating. Look elsewhere before you use this confusing service. If you want to call them without using the 0871 number, try 0207 785 0257

Applied for a loan 2pm yesterday,told I was accepted and money will be deposited the same day, e-mailed me that night and told me they needed additional info, pictures of both sides of debit card, 30 day bank statement e.t.c. I've spent since 10am taking pictures, e-mailing them, going to my bank on my lunch-hour for fresh statement and faxing over to them. Finished this at 1.30pm and even though I've e-mailed at 3pm asking for an update, they've not been in contact, also rang them twice first time told me I'm in an underwriting queue (8 minute call), second time appologised and told me It could be tomorrow for this same day pay out firm and put on hold twice(18 minute call) they make 3p-6p per minute on these 0871 numbers, and at the moment I'm very dubious, worried, stressed.

refused by this company when i applied directly then when applying for long term loan with mem paydayuk put £300 in my account. I thought i e.signed for mem long term loan.I sent paydayuk all documents they asked for TWICE but they still refused to give me password to log into an account so i could check details of loan.They then took all monies owed from bank , I was unable to defer cause I couldn't log into their site.They have never contacted me to confirm or acknowledge any payment made by me. Didn't even bother to answer my email...lenders beware.

They helped me in the past to get a loan with my bad credit and no fax fuss even though the amount was small.

Thank you pay day uk and i also recommend pay day express.

5 ***** from me.

have used a few payday loan companies on and off, would never ever go near these again, absolute rubbish. Was advised application accepted and funds would be transferred there and then, 4 hrs later no funds.... then advised would be 5pm as they only make transfers at 5pm everyday, was then advised after no funds by 6pm would be 2 days later! left hand didnt know what right hand was doing different story from each advisor in the end cancelled the application was more stress than worth. steer clear.

have used a few payday loan companies on and off, would never ever go near these again, absolute rubbish. Was advised application accepted and funds would be transferred there and then, 4 hrs later no funds.... then advised would be 5pm as they only make transfers at 5pm everyday, was then advised after no funds by 6pm would be 2 days later! left hand didnt know what right hand was doing different story from each advisor in the end cancelled the application was more stress than worth. steer clear.

I've used MEM a few times. Never had any problems. Sometimes I go direct, sometimes via a broker payday gap. Does anyone know if you get better deal from broker or straight to lender? Suzi

i have an easy cash account and my sort code is diffrent from above, i had a loan repayed it and then got an email to sign for a new loan nothing but fast reliable service and my credit is not great no complaints as long as you pay when you say.

Really good honest service, no problems at all

Used these for a good while, didn't need them for about a year & when I came to use them again I got declined. I then found out that they have started credit checking, which they didn't used to do.

I had a loan with these and had no issues with acceptance. However, I missed the payment date but paid by Faster Payment into their bank account. As they provided the wrong details on their own literature, it went to an account that they said they couldn't check for 3 days. During this time they restricted my account access so I couldn't log in and hounded me in all ways possible! I then changed bank accounts to a Halifax Easycash account and they said they "didn't accept customers with my sort code as they found that they have nothing but trouble with them" (according to Halifax all easycash customers have the same sort code, 11-00-01). So be warned if you are in this boat!

I just want to warn others that when Payday UK refuse you a loan they put you onto a website called the LoanCentre. This website looks as if it is a normal broker for loans but do not fill in your details. If you complete the forms online, they charge an upfront fee of £45 which they will take from your account either on the day you fill in the form or when they have done their first search of loans. You have to look hard to find the small print which tells you all this. In addition, they charge you a recurring monthly fee irrespective of whether their advice is suitable or appropriate. The Loan Centre operates at less than a fair level but Payday UK operate what can only be described as sharp practice. I discovered the missing £45 and had to ring my bank to query it. .

had money within 4 hours of application and service was very easy to use.

They are actually MEM Consumer Finance LTD, not MEMCAP or MEM finance.

Yes they do operate under different branding, but are transparent about the holding comopany in all the instances I've seen.

No, they don't appear to be brokers for payday express, I suspect the application form you used guest #4 WAS a broker who then directed you to payday express.

No I don't work for them, but have used their service.

My experience with them was pretty smooth, they did what they said, charged what they said (which seems to be in line with the market as a whole). Allow rollover - just paying the interest, although as James stated, they do actually SUGGEST and give good reason for you to try to reduce the capital too. My only real niggle, would be that they don't seem to offer transfers via the faster payment system, so your BACS transfer will take 3 days.

I'd use them again if I needy some short term cash, and my bank continues to be anal about an overdraft (or, not an overdraft!)

yes I have found this too - had a loan some time ago with them and were fine but have recently tried to get one off them again and I just keep getting redirected to payday express website instead - do not seem to be a direct lender anymore.

Have used these many times. Company is a bit naughty in that the advertise under many different names (eg monthendmoney / paydayuk) but they're fine. Competent staff and money transferred when they say. Also, when you roll over they give you the option to pay off a bit each month, so they actual promote you paying off the balance. You don't have to (can just pay interest) but it's good to see a least some effort made.

I have used this company over and over again and can say they are possibly the best out of all Ive tried......no hassles and money in my account the next day, no need to send bank statements either!! They are recognised as paydayuk but the company behind it is called MEMCAP. Would definately recommend!! :D

No they are MEM finance.

Don't trust the, they are brokers for payday express