Great News for Borrowers as Payday Power Doubles Number Loan Approvals

Sept. 3, 2010 - PRLog -- Payday Power is one of the most successful payday loan sites in the UK market and has strong relationships to a whole host of lenders.
Whether people require an instant cash sum for a holiday or to tide one over till the end of the month, Payday Power gives people the opportunity to borrow anything from £50 to £800 - all within sixty minutes.
If there is no immediate match to one of their many payday lenders Payday Power will continue searching via their network of unique lenders until a match is found.
“The fact that we have doubled the number of people we lend to is fantastic news. In these tough economic times when money is short we offer an ideal alternative for a quick cash payout. We are also anticipating doubling our figures coming up to Christmas this year” said Julian Creative Director at Payday Power.
Payday Power anticipates even higher lending over November and December when individuals needing extra funds to help them through the Christmas period.
Interest in Payday Loans has been growing at a rapid rate. As figures from Google trends show, there appears to be a 30% year on year increase of people searching for payday loans in the UK.
http://www.google.com/trends?q=payday+loans&geo=gbr&sa=N  
This evidence is further supported in a recent article by the Guardian in which, “payday loans figures have quadrupled to a staggering £1.2 billion which was borrowed last year alone.”
The survey carried out by Consumer Focus also indicates that “payday loan borrowers take out an average of 3.5 loans a year, with an average value of £294.”
For further information please visit http://www.paydaypower.co.uk/

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