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Loan loophole to bag £21 for free?

Just noticed that wepromiseto.com is offering £41 for a loan taken out from the new short-term loan company Payday.uk. You can borrow £80 from Payday.uk, and the charge is £20 (you pay back £100) at the end of the month. That's a profit of £21! Too good to be true? Has anyone tried this?

Great free money if so! :T
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Comments

  • benf90
    benf90 Posts: 590 Forumite
    Raldon wrote: »
    Just noticed that wepromiseto.com is offering £41 for a loan taken out from the new short-term loan company Payday.uk. You can borrow £80 from Payday.uk, and the charge is £20 (you pay back £100) at the end of the month. That's a profit of £21! Too good to be true? Has anyone tried this?

    Great free money if so! :T

    Not tried it myself but I did notice the same thing. I noticed it with quidco, where the cash back is £60 for Payday UK.
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