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Cashback offer with Payday loans

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I received an email last night from one of the cashback sites and said if I take out a Payday loan for say £80.00 I would get £22.50 in cash back.

However I have gone on to their site and the interest over 30 days is over 1000%. I would like to apply but pay the amount back the next day. Does anyone know whether you are able to do this.

Comments

  • davetrousers
    davetrousers Posts: 5,862 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Who cares if you can do this or not. Do you really want to give your name and address to obvious sharks?
    .....

  • pania
    pania Posts: 8,258 Forumite
    MABLE!!!! Don't do it!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!





    Reason is the very next day even that amount will have increased much much more than the amount the cashback would be worth. these guys are con-artists there are so many other ways to get that money other than this. look at the £10 a day thread for inspiration.




    DON'T DO IT!!!!!!!!!! PLEASE!!!!!!!!!!!!!!!
    debt @05/11/11 £12210.63!! slowly chipping away!!
    :heart2:impossible is nothing.:heart2:
  • MABLE
    MABLE Posts: 4,236 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    pania wrote: »
    MABLE!!!! Don't do it!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!





    Reason is the very next day even that amount will have increased much much more than the amount the cashback would be worth. these guys are con-artists there are so many other ways to get that money other than this. look at the £10 a day thread for inspiration.




    DON'T DO IT!!!!!!!!!! PLEASE!!!!!!!!!!!!!!!

    I dont need the £80.00 but thought I could gain £22.50 with no effort involved. I take your advice and will look at the £10 thread.

    With thanks
    MABLE X
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