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  • FIRST POST
    • idleworshippmore
    • By idleworshippmore 25th Nov 17, 9:43 PM
    • 1Posts
    • 0Thanks
    idleworshippmore
    Payday loaners payable at a specific date
    • #1
    • 25th Nov 17, 9:43 PM
    Payday loaners payable at a specific date 25th Nov 17 at 9:43 PM
    Hello, I am very interested in taking out a few hundred quid loan from a payday site but as I am a student, I get money from student finance (the government),I will only be able to make payments from January 2018. I cant start payments until then, anyone know which online payday site offers this ?

    PS; I can 1000% pay it back even all at once, I get a lot of student finance income but bought something ridiculous last week :/ I'm getting a loan regardless so please don't persuade me not to thank you
Page 1
    • zx81
    • By zx81 25th Nov 17, 9:55 PM
    • 14,386 Posts
    • 15,173 Thanks
    zx81
    • #2
    • 25th Nov 17, 9:55 PM
    • #2
    • 25th Nov 17, 9:55 PM
    None of them.
    • Shakin Steve
    • By Shakin Steve 25th Nov 17, 10:00 PM
    • 1,134 Posts
    • 843 Thanks
    Shakin Steve
    • #3
    • 25th Nov 17, 10:00 PM
    • #3
    • 25th Nov 17, 10:00 PM
    You may be getting a loan regardless, but it won’t be until a month before you can make your first repayment.
    I came into this world with nothing and I've got most of it left.
    • venison
    • By venison 25th Nov 17, 10:17 PM
    • 1,356 Posts
    • 1,445 Thanks
    venison
    • #4
    • 25th Nov 17, 10:17 PM
    • #4
    • 25th Nov 17, 10:17 PM
    OP have you considered applying for a CC with the bank you student loan goes into or an O/D if you don't have one?
    I am now a Board Guide on the Credit card board and the Loan board and Benefits board (But give me time to learn the ropes thanks).
    • BrassicWoman
    • By BrassicWoman 25th Nov 17, 11:15 PM
    • 1,376 Posts
    • 5,833 Thanks
    BrassicWoman
    • #5
    • 25th Nov 17, 11:15 PM
    • #5
    • 25th Nov 17, 11:15 PM
    PS; I can 1000% pay it back even all at once, I get a lot of student finance income but bought something ridiculous last week
    Originally posted by idleworshippmore
    sell the thing you bought. It is ridiculous therefore you do not need it.
    Downsized and mortgage free
    Dec 17 grocery challenge £89.65/ £120
    • Tarambor
    • By Tarambor 26th Nov 17, 8:36 AM
    • 1,746 Posts
    • 1,198 Thanks
    Tarambor
    • #6
    • 26th Nov 17, 8:36 AM
    • #6
    • 26th Nov 17, 8:36 AM
    Hello, I am very interested in taking out a few hundred quid loan from a payday site
    Originally posted by idleworshippmore
    You'll wish you hadn't any time in the 4 or 5 years following when you try to get credit at a realistic price from a mainstream lender or you want a mortgage.
    but as I am a student, I get money from student finance (the government),I will only be able to make payments from January 2018. I cant start payments until then, anyone know which online payday site offers this ?
    None.
    PS; I can 1000% pay it back even all at once, I get a lot of student finance income but bought something ridiculous last week :/ I'm getting a loan regardless so please don't persuade me not to thank you
    If you get a lot of student finance then why didn't you have the money? If you repay it out of January's money then you're going to be running out of that before the end of the Semester and you'll be back on asking where you can get a payday loan. Quite clearly you cannot see the mess you've got yourself in with your purchase.

    Oh and you do realise with a payday loan you usually end up repaying at least double what you borrow so that thing you bought for £1000 would cost you £2000 in repayments? I get the feeling you wish you'd not spent what you had on it but you'll be even more annoyed when it'll ultimately end up costing you twice what you paid for it if you get a payday loan.

    Sell something, perhaps the stupid thing you bought. Go get some part time work, there's plenty about at this time of year. Getting a payday loan will monumentally screw you in ways you can't even imagine. You might as well have a credit file filled with CCJs because payday loans are a massive red flag to any lender.
    Last edited by Tarambor; 26-11-2017 at 8:40 AM.
    • cjmillsnun
    • By cjmillsnun 26th Nov 17, 11:33 AM
    • 346 Posts
    • 224 Thanks
    cjmillsnun
    • #7
    • 26th Nov 17, 11:33 AM
    • #7
    • 26th Nov 17, 11:33 AM
    Donít do it. A credit card even a credit builder one like Aqua is a much better option. Itís cheaper interest wise. Even better is a part time job or the bank of mum and dad.

    A part time job in retail is easily obtainable right now as many retailers take on extra staff for Christmas and students are normally who they target. You will have to juggle this with your course however it is better than any payday debt.

    One comment Iíll make where I disagree with the others. I have payday loans and home credit on my file as well as defaults. They have less of an effect after 3 years once you break out of their cycle.

    I have a mortgage with a major high street lender which was obtained despite the information on my file.
    • Sncjw
    • By Sncjw 26th Nov 17, 11:35 AM
    • 1,498 Posts
    • 892 Thanks
    Sncjw
    • #8
    • 26th Nov 17, 11:35 AM
    • #8
    • 26th Nov 17, 11:35 AM
    Can you not just return the thing you bought.
    • 611
    • By 611 27th Nov 17, 12:51 PM
    • 191 Posts
    • 92 Thanks
    611
    • #9
    • 27th Nov 17, 12:51 PM
    • #9
    • 27th Nov 17, 12:51 PM
    Hello, I am very interested in taking out a few hundred quid loan from a payday site but as I am a student, I get money from student finance (the government),I will only be able to make payments from January 2018. I cant start payments until then, anyone know which online payday site offers this ?

    PS; I can 1000% pay it back even all at once, I get a lot of student finance income but bought something ridiculous last week :/ I'm getting a loan regardless so please don't persuade me not to thank you
    Originally posted by idleworshippmore
    Smart Pig. https://www.smart-pig.com/
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