Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@. Skimlinks & other affiliated links are turned on

Search
  • 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
    • 15,491 Posts
    • 16,416 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
    • 1,321 Posts
    • 1,002 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!!!8217;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
    • 1,617 Posts
    • 1,731 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 a BG on loans,credit cards and benefits I volunteer to help get your forum questions answered and keep the forum running smoothly". Board guides are not moderators and don't read every post. If you spot an abusive or illegal post then please report it to forumteam@moneysavingexpert.com. Any views are mine and not the official line of MoneySavingExpert.com.
    • BrassicWoman
    • By BrassicWoman 25th Nov 17, 11:15 PM
    • 1,450 Posts
    • 6,190 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.
    Jan 18 grocery challenge £105.13/ £150
    • Tarambor
    • By Tarambor 26th Nov 17, 8:36 AM
    • 2,207 Posts
    • 1,593 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
    • 477 Posts
    • 355 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
    • 1,566 Posts
    • 953 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
    • 193 Posts
    • 93 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/
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

920Posts Today

7,530Users online

Martin's Twitter
  • RT @twikki: @MartinSLewis Quit meat in January and saved about £50-100 a month on my shopping and eating out. Feel a lot healthier about my?

  • Today's twitter poll: How much meat & poultry do you eat now compared to ten years ago?

  • RT @joe_ave: @RyanSheader @MartinSLewis You may find your local butcher is even cheaper . After years of marketing telling me s/markets che?

  • Follow Martin