If you are looking to borrow money over a slightly longer period than the standard two to four weeks that you get with a payday loan then you have several potential options open to you.
The most obvious option is to take out a 3 months payday loan, some providers offer an extended loan service where you can borrow the money for a longer period. Payday lenders will be able to let you know if they provide 3 month loans. If you have already taken out a loan with a lender and you are having trouble paying the money back in the agreed timeline then you should contact the lender straight away. You will usually be able to negotiate a longer repayment period although this will usually incur additional charges.
Payday loans do not charge interest on the money that you borrow but instead charge a fee depending on how much that you want to borrow. This means that if you wanted to borrow £100 until your next payday then you may be charged £25. This means that on your repayment date you would pay back £125.
Payday loans are an accessible form of lending as they are available to people with a poor credit history. There are however other types of loan that are available to people with bad credit. You may be able to get a secured loan to borrow money over a longer period. The monthly repayments would be smaller making repayments more manageable but you would pay more back in interest charges as you would be borrowing the money for longer.
