Payday loans - whos best of a bad bunch?

chalkie99

Please don't do it!

Your first post stated you would pay it all off "no worries" and only 13 minutes later you are asking what happens if "you roll it over".

Seems like you could easily be swayed and land yourself on a spiral you will never get off of.

Why not approach your employer and see if they have any way of subbing you an advance?

elfen

Either that, or go to a store like cash generator (cash convertors do it too) and either do a loan, or pawn an item in just until you can buy it back (which you will, if you want it badly enough)

theartfullodger

Don't go near Wonga... they charge a standard 2,689& APR and I have seen their quotes as high as 3,254% !!! (£200 for 5 days).

What a bunch of legalised, with an OFT license, cr**ks!!! How they are allowed to do business is beyond me...

Cheers!

Lodger

crispin

Hi There!
Im Crispin from US!
Im new on this forum!

have tried my best to get involved with others. Some times I feel completely excepted into some conversations, other times I feel like a complete stranger that is looking through the window. I for one am excited to find so many people with common interests.

I got a payday loan to take advantage of the quidco cashback. the money arrived in my account the next day, sat there until it was due back and was then just taken back by them.

Thank's!...

PlutoinCapricorn

Crispin, on other threads you say that you are from Thailand and the UK. You just copy sentences from other postings without making it clear that you are quoting other people.

Genuine newcomers are always welcome if they have real questions, real problems or make real contributions to other people's questions.

chuckley

theartfullodger wrote: »

Don't go near Wonga... they charge a standard 2,689& APR and I have seen their quotes as high as 3,254% !!! (£200 for 5 days).

What a bunch of legalised, with an OFT license, cr**ks!!! How they are allowed to do business is beyond me...

Cheers!

Lodger

where did u get this tosh from?! they dont charge £200 for 5 days... get real...

bestyman

I think you will find that the £200 for five days relates to the amount borrowed and the time period in days that the money was loaned for, not the charges of said loan.

Jennifer_Jane

I've also done the paydayuk loan via Quidco, but it was to borrow £80 and repay £100 with £65 cashback (not borrowing £100). This was done on 23rd July and they automatically have given me till 27th August to take it out of my account. You won't get the Quidco amount back for ages, so that would just be a bonus for you in a few months' time, not now.

They seemed like a reasonable crew, and I had no phone calls at all (I know as I gave my direct line, and nothing came through to my employer). They SMS a code to you so you can input that online. The £80 came through in a couple of days.

If you do this, ensure you tick two places online to say no contact from them/3rd parties.

For £80 though, I would only do this for the Quidco, rather borrow the £80 from your parents for a month and give them a tenner for the privilege when you get paid the following month.

Good luck,
Jen
x

braders2k

Hi,

I have recently applied for a payday loan as I was in some desprate need for some cash. I wasnt able to pay them back once I got paid so I refered the the loan to my following paydate which was great. I did have to pay a small fee for this but it was better then having to pay the loan of in full.

I will definetly apply for another payday loan if I need the cash, especailly a loan lender which you do not need to fax any documentation to. All I had to do was fill in an application form and speak to someone on the phone from payday UK and they went through a couple of questions which was on the application form anyway.

I found some good information on payday loans on the following website and this helped me to decide which payday loan lender to go with - nofaxingpaydayloanscash.co.uk/blog

Thanks