We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Payday Loan

lufcgirl
lufcgirl Posts: 1,875 Forumite
I applied for a PayDay loan this morning (yes very bad I know!) and it was accepted.
Anyway, I was asked to send a copy of my debit card and bank statement so I sent these off. Got a reply asking for further ID so I'll do this tonight.

The woman on the phone said that if the underwriters find your ID acceptable and the checks are ok then your loan will be in your account tomorrow. I thought it'd been accepted or am I just worrying too much here?
«13

Comments

  • iolanthe07
    iolanthe07 Posts: 5,493 Forumite
    Honestly, if they haven't accepted you, they will be doing you a favour. Have you any idea what the interest rates are for these types of loan? Couldn't you borrow from friends or family to tide you over? If you must have a payday loan, do be sure to repay it exactly according to the terms and conditions - this will mitigate your loss.
    I used to think that good grammar is important, but now I know that good wine is importanter.
  • lufcgirl
    lufcgirl Posts: 1,875 Forumite
    I live miles from my family and need the money this weekend or else I would.
    I'm sick of all this ID verification, they have copies of my card and payslip but apparently that isn't good enough!
  • djrich1
    djrich1 Posts: 95 Forumite
    we all go through financial hardship at some stage and if this is your only option then let it be, just make sure you go through QUIDCO as im sure the cash back is £60.00

    PaydayUK = £60.00
    UK Payday Loans=£6.00
    PayDayFinders=9.00
  • markelock
    markelock Posts: 1,735 Forumite
    Part of the Furniture Combo Breaker
    how much are you borrowing?
    Remember the time he ate my goldfish? And you lied and said I never had goldfish. Then why did I have the bowl Bart? Why did I have the bowl?
  • lufcgirl
    lufcgirl Posts: 1,875 Forumite
    It's £150 and paying back £187.50
  • Staciep88
    Staciep88 Posts: 590 Forumite
    I got a payday loan of £80, paid back £100. No problem. I did it through Quidco and got £60 cashback (thats the only reason I did it tbh) so Im £40 up! :D
    xXx
  • markelock
    markelock Posts: 1,735 Forumite
    Part of the Furniture Combo Breaker
    over how long?
    Remember the time he ate my goldfish? And you lied and said I never had goldfish. Then why did I have the bowl Bart? Why did I have the bowl?
  • Staciep88
    Staciep88 Posts: 590 Forumite
    you have a month to pay it back
    xXx
  • Thepopster
    Thepopster Posts: 184 Forumite
    ive just took one out im paying it back on friday.. They have emailed me left my voicemails to extend it there pests just pay it off on ur next pay day :)

    i went through quido also so ill be £30 quid better off after paying the £37 for taking it out :)

    when it gets cashed should be sometime this month any one know what date quidco pays out?
    Debts to clear
    HSBC CC:1000/846 19.9%(atm)
    Barclay Card: 750/650(o%balance transfer)
    HSBC Loan:1000/0 COMPLETE!!
    Capital One CC:200/0 34.9%!!!! COMPLETE
  • Staciep88
    Staciep88 Posts: 590 Forumite
    At the end of the month. I paid my loan back in mid september and I got my quidco money come through on Monday 6th Oct
    xXx
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.2K Banking & Borrowing
  • 253.6K Reduce Debt & Boost Income
  • 454.3K Spending & Discounts
  • 245.2K Work, Benefits & Business
  • 600.9K Mortgages, Homes & Bills
  • 177.5K Life & Family
  • 259K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.