Every year in the UK tens of thousands of people turn to illegal money lenders because they are in adverse credit situations. The problem is that these doorstep lenders are not regulated, are breaking the law and taking advantage of people in harsh financial need.

The reason people turn to these lenders is that they are unable to get loans from the conventional lenders, the banks. They end up in a cycle of debt that they cannot get out of because the lender charges a higher and higher interest rate, in some cases these rates are in the thousands of percent.

There is a way however to get 3 month payday loans when you have been refused borrowing from the banks. Payday loans are provided real bricks and mortar financially regulated lenders who are able to provide quick short term loans in times of need.

Sometimes you may need to borrow a small amount quickly as you may be facing harsh bank charges because you are about to go overdrawn. With bank charges even if you go a few pounds overdrawn you can end up facing charges or twenty, thirty or even forty pounds.

To avoid these charges you can borrow money from a payday lender. Usually this money is lent out for a thirty day period before you repay the loan. You can however get an extension up to 3 months from some lenders if needed giving you more time to repay the money you have borrowed.

Payday loans are designed as a temporary emergency stop gap to get you out of adverse credit situations. They are not meant as a long term solution to monetary problems. If you are finding that you are having to borrow money regularly you should see some financial management advice.

You can obtain a quick loan online, you can access payday loan sites from any internet connected computer. If you do not have a computer or internet access at home it is just as easy to apply from work, a friends, an internet cafe or you can use computers at libraries which will not cost anything to use.

Your application can be completed in less than quarter of an hour and you will only have to provide details pertinent to your application. If you are applying in the morning you should be able to receive your money by direct deposit into your bank account the same day.