Coping With Money Related Health Issues

For many people money related stress illnesses are a very serious thing and can have a massive effect on your personal and family life. Over 1 in 5 people have been diagnosed with stress related health issues with money and finance problems identified as one of the main reasons. As the UK personal debt average is consistently on the rise the number of money related illnesses are rapidly increasing with it.

The UK’s national debt average is a staggering £54,261 per household which also includes mortgages. Compared to the UK’s national average salary of £26,500 many UK households find themselves falling further into debt. Over two thirds of UK consumers now admit having to to purchase everyday essentials on a credit card and other finance alternatives such as same day payday loans.

The knock on effect that personal debt has throughout the UK is substantial with many individuals already heavily in debt having to borrow additional finances just to keep up with living costs which results in that individual being pushed further into debt. For many people suffering health issues related to personal finances, debt management plans are a suitable and fitting option. Debt management companies are able to take a look at your total debt and agree a payment restructure deal with many of your debtors agreeing to cut the total amount of debt that you are in.

For many people, not having to deal with monthly bills alone can help with stress levels and also gives you the reassurance that you can get your finances back in check. It’s estimated that 45% of people have or have previously worried about money or outstanding personal debt. Identifying that you are suffering from stress related health issues allows you to get advice and speak to someone who may be able to advise you on the best possible approach to take.

Take a look at our stress diagnosis chart to help you spot the signs of stress at a very early stage.

Money related health issues payday loans -

Third Time Lucky – 3 Month Flexi loans

Short Term Payday Loans Over 3 Months

Lucky Loans now offer 3 month payday loans designed to help ease your personal cash flow and make the loan repayment process as simple and stress free as possible. Our new finance option will enable borrowers to pay their loans back in full with 3 easy repayments spread over 3 months. We understand that sometimes no matter how hard you try to save money, there just seems to be too much month after your payday which is why our new 3 month flexi payday loans may be an ideal solution.

Payday loans have always been a fast and short term solution to individuals suffering small financial issues. Originally many payday lenders only offered borrowing terms of a few weeks, or in most cases, up to your next payday. The borrowed amount was usually automatically deducted from your account by the lender on the agreed repayment date.

Many people struggle to pay back their payday loans in just 1 transaction which can result in a late payment fee and a higher interest rate which can potentially have a negative affect on your credit history. Our new 3 month flexi loans are designed to ease the repayment process by allowing borrowers to repay the full amount in 3 equal payments over the course of 3 months.

How it Works

Short term payday loans from lucky loans

Our 3 month payday loans will work exactly the same, you will choose the amount that you wish to borrow using our home page sliders and will also choose the length of time in which you wish to borrow for. Our maximum borrowing period is set at 90 days (3 months) Once you have chosen your amount and the length of time that you wish to borrow for click the apply button.

Apply for a payday loan with

Step 2 marks the start of your application form, you will be required to fill out a quick 5 minute form that will give us information regarding your name, address, employment history and homeowner status. We will also ask for the bank account details of the account you would like the funds to be transferred to. We will never take a payment or charge a fee for you to use our service.

Short term payday loans


Once you have completed your application form we will then give you an instant decision. If you do not meet our criteria you will be informed that you have been declined for a loan. However if accepted you will be redirected to your loan agreement page which gives you the chance to check the details of your loan. Here you can check information such as the amount that is being borrowed, interest rates, total amount repayable, and repayment dates. You can usually choose which dates you wish to make your 3 monthly payments on.


You can still accept or decline the loan offer at this point short term payday loans

Once you have accepted your loan offer the cash will be transferred to you within 15 minutes. We specialize in fast cash transfers and understand the importance of providing a fast service. Once you have received your payday loan you will be free to use the cash however you wish. The 3 monthly payments will be automatically deducted from your account on the agreed dates, you won’t have to do anything apart from ensuring that you have the funds in your account on the specific dates.


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Is There Really A More Suitable Alternative To Payday Loans

Payday loans have had their fair share of bad press and negative publicity over recent years, from high interest rates to their unrealistic repayment terms , but are they really as bad as they are made out to be. There’s no secret about it, many payday loan lenders have taken advantage of financially vulnerable individuals which has lead to a number of high profile court cases and record breaking fines for a number of leading lenders such as Wonga.

In arguably the biggest high profile court case for the lending industry, the UK’s leading lender, Wonga; was forced to write off over £220 million to more than 330,000 customers. The record fine came on the back of Wonga admitting to manipulating affordability checks, in every day terms, accepting as many people as possible even if they can not afford to make repayments.

Since then the payday loans industry has been subject to a number of government investigations and have undergone a huge reform under regulation from the FCA (Financial Conduct Authority). Short term lending has been changed forever under the new responsible lending policy reforms with many changes being introduced with immediate effect:

Interest Rates Caps

A new 0.8% daily interest rate cap was imposed by the FCA in a bid to prevent snowballing costs associated with taking out a payday loan. The new cap ensures that all UK lenders will need to abide by the new interest rates or face action from regulatory action from the FCA. The introduction of the new 0.8% rate has ensured that payday loans are more affordable than ever, a move that the FCA has credited with ensuring the growth and future of the short term lending industry

Loan Eligibility Checks

Payday loans eligibility checks were introduced by many lenders to ensure that customers were only accepted should they meet certain criteria. The new criteria checks ensure that individuals will not be thrown further into financial insecurity by failing to make payday loan repayments. Checks on employment history, homeowner status and monthly income are all taken into consideration when applying for a payday loans. The most common eligibility checks are listed below:

  • Credit History (Some Lenders including Lucky Loans will not carry out a credit history check)
  • Emplyment Status
  • Homeowner Status
  • Number of Dependants
  • Monthly Income
  • Total Monthly Outgoings
  • Other Loans Outstanding
  • Date of Birth (Minimum age of 18)

Flexible Loan Terms

Payday loans used to be an alternative finance option until your next paycheck with the borrowed amount automatically deducted in full from your account on your next pay date. Many lenders now offer flexible loan terms with the option for many customers to make loan repayments over 3 months in order to make the borrowing process as affordable as possible. This latest product offering has seen a new wave of personal loan lenders now breaking into the growing payday market with longer lending terms added into their product offerings.

The truth is payday loans are now more affordable than ever as a result of the new responsible lending guidelines and interest rate caps. The new repayment terms have revolutionized the way many people view short term lending with very flexible lending options.

Payday loans from Lucky offer short term borrowing solutions with flexible repayment terms on offer to many applicants. In comparison to many leading high street banks, Lucky Loans offer a 15 minute cash transfer option for successful applicants as opposed to the 5 day turnaround that bank bank or building society offer.


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Lucky Loans Responsible Lending Policy

Lucky Loans Responsible Lending & Borrowing Policy

If ever you need to apply for payday loans from Lucky there are a number of eligibility checks we will carry out to ensure that a payday loan is the right option for you. Many people applying for a loan don’t have access to additional savings or funds and instead turn to short term loan providers such as as a means to access additional finances.

Here at Lucky we are passionate about responsible lending and ensuring that we can provide as much financial assistance to people as possible. No matter how much we want to provide struggling individuals with additional funds, sometimes it is just not possible and can actually make an individuals situation worse. There are a number of policies that we feel very strongly about, policies that help us to maintain our honest and trustworthy reputation which is why we continue to grow as a leading online loans service. We as a company have our own philosophy “Lend For Less” which is applicable in every service we offer.

Lucky Loans responsible lending policy

Lowest Possible APR and Interest Rates

We are a transparent company, we will always show you your loan terms and conditions before you accept your loan offer. We believe in giving you the lowest possible APR and Interest rates as we understand that many individuals that use our service may already be experiencing financial difficulties.

Our Payday Loans Eligibility Checker

When you apply for a payday loan with lucky loans we will carry out a number of eligibility checks to ensure that you can afford to take out an additional source of finance. We will never do a credit check, however we will take a look at other outstanding loans and monthly outgoings that you may have in order to determine how easily you can make any repayments.

Alternative Finance Options

If we feel that a payday loan is not the best option for you we will always try and give you alternative advice. If we feel that a payday loan is not necessarily the answer to your current financial woes we will always try and refer you on to one of our finance experts who can give you some alternative borrowing options. We believe in making the borrowing process as transparent and easy as possible. We will always disclose the full costs associated when applying with Lucky Loans.

We will never charge you a fee for using our service, we never have and never will. Our Online service is completely free of charge to use and can even be used to give you a general idea of the costs involved with taking out an additional source of finance. Even if you accept one of our loan offers we will still never charge you any additional fees.

Our Philosophy 

We will not make you current financial situation worse by offering you a payday loan if you can not afford one. If we feel that you may struggle to make regular payments with ease we will not offer any additional finances as this can lead to additional finance problems for an individual.

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Changes to Work based Pensions

Changes to UK Work Based Pensions

In a recent move by the Government in an attempt to enhance and prolong the standard of life among working class families It is now mandatory for all UK limited companies to offer their employees a pension plan. The introduction of the new pension plans is expected to pile more misery and strain on UK business owners to abide by the new processes that make it mandatory to offer some sort of private pension plan to employees.

The move has been criticized by many UK limited companies due to the added financial pressure this heaps on already struggling businesses.

The basic state pension

The basic UK state pension is a regular weekly/monthly payment from the government once you qualify for a state pension. Under the pensions act 2011, the state pension age is currently set at 65 years of age for both men and women.

State pensions were introduced by the government to help keep senior UK citizens financially secure by offering a regular source of income once the individual had retired from all forms of work and was no longer receiving a regular income. The state pension helps to fund individuals with a low disposable income who were unable to actively pay into a private or work based pension throughout their working live.

With the current maximum weekly amount set at £119.30 the government have set about introducing a total reform in order to enable many more individuals to actively contribute to a private company pension with an added tax relief.

How Work based Pensions Work

A work based pension is a method of preparing and actively saving for your retirement that is arranged by your employer. Your employer will usually provide an equal contribution that will be automatically deducted from your payday check and placed into your pension pot. The contribution will usually amount to 25% of your weekly or monthly paycheck.

With the new pension scheme that has been rolled out throughout the UK all companies will have to automatically enroll their employees to take part and contribute in the scheme unless the employee chooses to opt out of the pension plan.

Based on which pension plan is currently on offer, new laws indicate that any individual over the age of 55 will have access to their savings as opposed to the minimum age of 65 that is currently in place for all state pensions. Employees will still be eligible for a state pension when they reach the minimum required age on top of their private work based pension, a move that has been widely praised by many leading pension firms.

How Work Based Pensions Will Affect Your Business

Many small business owners already face uncertain financial difficulties and have been quick to widely condemn the latest move put in place by the state. Many businesses will now face a mandatory contribution to any employees that wish to utilize the work based pension scheme unless that individual opts out.

With the average UK Salary £27,000 many working class families have stated that they do not have the disposable income to contribute into the new pension plans resulting in a larger number than first predicted to opt out of the imposed pension scheme. Research has shown that many families still need to turn to alternative methods of finance such as payday loans and credit cards in order to keep on top of monthly bills, a figure that has been backed up by the recent numbers that are currently choosing to opt out of the new schemes.

Lucky payday loans are still a hugely popular choice with many working class families and retired couples even since the new pension reforms have been announced. Only time will tell if the work based pension scheme can really become a success story




Working from home is on the rise

Why is Working From Home so Popular?

With many people having to turn to alternative methods of funding such as payday loans and credit cards there may be another way in the form of a work from home job role.

Working from home is on the rise throughout the UK with many companies now offering the chance for people to work directly from the comfort of their own home. For many parents this is the perfect opportunity to generate an extra bit of income as well as maintaining a healthy work life balance. The days of maternity leave and low pay for months may well be a thing of the past thanks to a sharp increase in the number of jobs roles that are home based.

Many organisations understand the growing importance of keeping their employees happy, by offering staff the opportunity to work from home this will ensure that they are able to maintain a healthy work life balance. For many working Mum’s in particular this approach has proved hugely popular with figures on maternity leave reducing year by year with many Mother’s choosing to simply work from home as opposed to going on a lengthy maternity leave resulting in a lower salary.

The Benefits of working from home

  • Flexible working hours – choose when you want to take a break and what time you want to start and finish
  • Work life balance – For individuals with young children a healthy work life balance is essential
  • More relaxed environment – Working in the comfort of your own home
  • Additional income – Can prevent turning to other methods of finances such as payday loans or credit cards

working from home

Here are our top tips on working from home

Find a role you are passionate about

Find a job role that you enjoy and are passionate about, there are hundreds of companies looking to recruit people like you, from beauty, health and well-being companies such as Juice Plus and Forever Living to online customer service advisers.

Health and well-being companies give you the opportunity to become a distributor of their products, selling to your family, friends and neighbors can prove to be a highly lucrative additional source of income. Many online retailers offer at home customer service roles which involve replying to online customer queries either through social media or email.

What do you need?

Many companies will require you to own a laptop/computer in order to maintain frequent communication with your line manager. In some cases you will be required to attend Skype and conference calls in which you can share ideas/strategies with other members of your team.

For many people, working from home is the most suitable option when it comes to finding work, especially for individuals with young children. Working from home can bring in additional finances which can prevent families having to turn to other financial sources such as payday loans, credit cards or overdrafts. Home job roles continue to rise in popularity, a trend that has been noted by the Bank of England in recent figures released.

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Planning a Holiday on a Budget

How to save Money when booking a Holiday

Booking a holiday has never been easier, whether you are looking for a romantic getaway or an all inclusive break for you and the family, there are hundreds of websites that offer a huge variety of destinations and packages. Travel booking websites are experts at selling their holiday packages to us, just a few pictures of a white sandy beach with a blue sea and we are completely sold.

Almost two thirds of Brits now choose to book a holiday through online websites as a result of the online price war between many holiday discount sites such as and which sees holiday prices continue to fall. The increase of online holiday websites over the last year has seen the major holiday companies such as Thomas cook and First Choice drop their prices in a bid to compete with the low discounted prices that are now on offer.

It is estimated that 6 out of 10 families have turned to payday loans and other sources of finance such as credit cards in order to pay for a holiday abroad. It comes as no surprise as to why discount holiday sites have grown in popularity over the last few years making holidays for many British families more affordable.

Holiday planning on a budget - how to save - lucky loans

Here are our top tips to help you plan a holiday on a tight budget

Comparison Websites

Comparison sites will save you a lot of time when it comes to searching for a specific destination, visit sites such as who will do the hard work for you and compare all prices and packages to your desired destination.

Many different travel companies will offer holiday packages to the same popular destinations, look through as many companies as possible that are offering your desired destination. Make a note of the dates available, prices on those dates and whats included within the package that they are offering.

Book out of Season

For those families with children still at school this may not be possible, however it is no secret that all travel agents, airline companies and hotels will increase their prices during the school holidays, Why? Because they know that this is the most popular time for British families to travel.

For families or couples with no young children, booking outside of the holiday season is highly recommended with savings of up to 75%. Flight costs will be cheaper, hotels will be less in demand resulting in a huge saving compared to booking the exact same holiday during the holiday season.

Keep an eye out for flash sales

Social media is great way to find out about any sales or offers before anyone else. Recently Ryanair and EasyJet took the step of announcing flash sales which included flights from as little as £1 (yes £1… Really) through their social media platforms such as Facebook and Twitter. Get onto social media, follow all of the major airlines and travel agents and just keep an eye out for any announcements, status updates or Tweets.

But be quick as there will be many more tech savvy Brits on social media looking for a similar deal!

Look a little closer to home

A holiday doesn’t need to be half way round the other side of the world, there are great places to visit on your doorstep. St.Ives, Cornwall continues to be one of the most popular UK Holiday destinations. Famed for it’s white European style beaches and warmer climate, ST.Ives offers everything that a European beach holiday does for half of the price.

By following our 4 step plan you will instantly see a saving when it comes to booking your next holiday. With over half over UK Families using payday loans as a source of financing a holiday abroad, the savings made can be spent elsewhere such as paying off the alternative methods of finance used in order to pay for a holiday in the past.


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