The Professional Cheque Cashing Service.
A Pay Day Advance is a short term cash advance that requires repayment when your salary is next credited to your bank account. This service is not intended to be a long-term financial solution and should not be used as an extended loan.
The loans are secured against a cheque supported by a valid cheque guarantee card.
As pay day advances are similar to an unsecured loan, Cash Zone will only offer these services to customers that meet our registration and our loan criteria.
The amount of cash advanced is based on our assessment of a customer's ability to repay the advance.
To qualify, you must meet the following criteria:
- Currently in full time employment.
- Salary is paid directly into your own bank account by BACS or electronic transfer.
- You have a valid cheque guarantee card for the account you wish to draw on.
We will require the following documentation:
- Photographic proof of identity (Passport, Driving Licence)
- 2 proof’s of address posted to your home and dated within the last 28 days (utility bill, phone bill, etc)
- Your last three payslips
- Last three bank statements (posted not computer printouts)
You will need to confirm the following:
- You are not using a similar service elsewhere.
- You can confirm that you are not under notice of leaving or redundancy and have no intention of leaving your current employment.
- You can confirm that you are not currently in or entering into a debt management programme, an IVA or intend applying for bankruptcy.
The loan will return you the following amounts
Cheque Card |
Amount advanced |
£ 50.00 |
£ 42.50 |
£100.00 |
£ 85.50 |
£250.00 |
£217.50 |
At any point before the cheque is due to be cashed it can be purchased back for its face value.