Make £40 pure profit from paydayuk

IHateDida

Thankyou OP - I hope it tracks with Quidco!

cashsavingtwig

Just borrowed £80 for a month... luckily I didn't need to, but it's worth doing for the Quidco cashback! Not a bad way to make £45.

Quidco..... ah bliss

viktory

Just checked and my payment is also tracking.

Have to say though, that the payment is not 'immediately' in my account as it will take the bank three days to process, by which time I will have been paid. Lucky I am not desperate for the money!

Sportbilly_2

You have to wonder what's in it for Payday UK. Surely they'd be better off raising the minimum loan amount so they at least cover the money offered as cashback.

clarence83_2

I have just realised something odd- I applied for £80 (I am sure) but it is showing as £100 in my paydayuk account, so £125 paid back next month.

Is it because all NEW loans have a £25 interest fee? (says this on their homepage) ...so if I borrowed again I could have £80, with £20 interest?

I think everyone else should have a quick check to see if theirs is the same.

smithysaver

On the homepage "Typical 1737% APR" :rotfl:. Would these do credit checks, ect. Might try it for the quidco.

Snakeeyes21

Sportbilly wrote: »

You have to wonder what's in it for Payday UK. Surely they'd be better off raising the minimum loan amount so they at least cover the money offered as cashback.

They *hope* your going to take out further loans, extend the loan or miss payments to get the commission they have paid back.
if you take out a £200 loan in the future thats their commission paid, then you will need one to get through the next month after youve paid the first one and so on

PNPSUKNET

clarence83 wrote: »

I have just realised something odd- I applied for £80 (I am sure) but it is showing as £100 in my paydayuk account, so £125 paid back next month.

Is it because all NEW loans have a £25 interest fee? (says this on their homepage) ...so if I borrowed again I could have £80, with £20 interest?

I think everyone else should have a quick check to see if theirs is the same.

It says £80 and shows a total of £100 if you add the two together.

PNPSUKNET

One thing I will say though is if you were in a rush for same day payment, people would be in a mess. To me sameday means same day transfer.

clarence83_2

PNPSUKNET wrote: »

It says £80 and shows a total of £100 if you add the two together.

Mine shows a £100 loan, with £25 interest payable on 24th August.

Rubbish never mind eh. Should not have galloped through it, but I know I only typed in £80 in the first place.