Uncle Buck Payday Loans

CHR15

Am I the only one who can't help but laugh when I read "Uncle Buck Payday Loans"?

If you can get suckers through the door by using a name like that, there is absolutely no hope for some.

clarence83_2

Payday loans, although they are quite expensive, are a reasonable way of getting cash when you need it, but ONLY if you are absolutely 100% sure you can pay them back in your next paycheck.

I have used them in the past, they've sorted me out no problem. I have not used any kind of roll-over service but expect they make tons of money this way. The terms relating to rollovers always seem so confusing, which I am always wary of!

Haven't had to head to the Money Shop in years, but have found them to be helpful and their service is really straighforward when I did go in. Once you have registered, it's very quick to obtain the money you need.

Wouldn't really trust an online company, so many cowboys around these days.

underlay_guru

These companies thrive on idiots who spend more than they earn to simply "Keep up with Joneses".

Going off on a slight TANGENT here....a couple of years ago I had an job interview for a similar type of business (which shall remain unnamed). The interviewer genuinely informed me that the unofficial nature of their business is to "Sell to idiots who don't read the smallprint, and keep them locked in for as long as possible". Awful, I know, but he is right. There are too many people who are so desperate to own the latest and greatest TVs, gadgets etc, they are DIM enough sign anything to aquire it.....by hook or by crook!


I think i'll set up my own loan company, and call it "Shark Loans":
-I'll loan you £10 today,
-You give me £100 back next week.
-If you don't pay it, I shall add £20 for every month it takes you to pay up;
-If you do pay on time, I shall hound you until you loan some more!


One sentence of wise advice: IF YOU AIN'T GOT IT, DON'T SPEND IT!

clarence83_2

Agree, but sometimes people live so tightly within their budget that they are not able to fork out for any unexpected extra costs, such as a car breaking down or something. When I used the payday loans it gave me the money I needed right away, with enough time to request further overtime over the next few weeks, so I was able to pay it off by the time my cheques were cashed.

clarence83_2

underlay_guru wrote: »

These companies thrive on idiots who spend more than they earn to simply "Keep up with Joneses".

Going off on a slight TANGENT here....a couple of years ago I had an job interview for a similar type of business (which shall remain unnamed). The interviewer genuinely informed me that the unofficial nature of their business is to "Sell to idiots who don't read the smallprint, and keep them locked in for as long as possible". Awful, I know, but he is right. There are too many people who are so desperate to own the latest and greatest TVs, gadgets etc, they are DIM enough sign anything to aquire it.....by hook or by crook!

THIS is terrible though

fozmcfc

I tend to agree that if you needed say £100 now and can afford to pay it back with the interest on the next payday then there services can be fine.

The thing is though you do need to be able to pay it back on your next payday and avoid borrowing it again at the end of the month.

If someone is having to keep borrowing the money each month, then they really need to look at ways in which to cut back on their spending.

duggie1982

Well i done one via quidco.co.uk and borrowed £80 and paid £100 (£20 interest) 2 weeks later.

Cashback is £60 right now so I made a quick £40 profit from this. But do not roll over and just pay back!

Only time I used them. Great result

http://www.paydayuk.co.uk

1737% APR

savemoney

Shame since posting the OP hasnt returned since the day they posted

I never understand why people ask question then never come back

CHR15

duggie1982 wrote: »

Cashback is £60 right now so I made a quick £40 profit from this. But do not roll over and just pay back!

Have you actually received this money in your account?

I was following the posts whilst all this was being discussed, I didn't go for it as I am a born pessimist.

I considered the risk too high that the money wouldn't appear from Quidco at the last minute or some technical fault would prevent the money being repaid on time thus dragging me into a dubious default on repayment.