PURPLE PAYDAY LOAN REVIEW
Purple Payday Loan - Payday Loan
(Which Way To Pay - 15/12/2010)
Purple Pay Day Loan brokers offer loans of up to $1500. Essentially they work as a broker between you and a third party who will provide the loan that you neen providing you meet Purple Payday Loan's criteria.
 
You must be eighteen or over and in full time employment earning at least $1500 per month. You will also need a bank account which accepts direct debits and you will be required to prove your identity.
 
The standard APR on these loans is 1355%. This may seem high but APRís are calculated based on paying a fixed amount of interest annually, they are more intended for mortgages and credit cards. If you borrowed $100 and paid back $25 every month for a year it would be very expensive. However, payday loans are taken for a maximum term of 31 days, and so APRís are not the best way to measure how competitive rates are.
 
This company offer competative rates and an efficient service.

Purple Payday Loan is ranked 4 out of 5. Based on 1 review.

4 Star Rating
    
REVIEW RATINGS EXPLAINED
1 Star: 1 Star RatingPoor
In relation to other products, has performed badly and has little or no worthwhile benefits.
2 Stars: 2 Star RatingBelow Average
Has some features of value, but in comparison to others performs below standard.
3 Stars: 3 Star RatingAverage
A fair product with regards to its competitors - has no outstanding features or benefits.
4 Stars: 4 Star RatingGood
In comparison to other products performs above standard, has beneficial features.
5 Stars: 5 Star RatingExcellent
Performs well above standard in comparison, has exceptional features and benefits.

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PAYDAY LOAN
Purple Payday Loan