Yes loans, offered payday loan

111222

So i phoned up Yes loans and they said they foundme a lender who would give me a £1000 loan, they then offered me a payday loan for £160 and said it would be in my bank in 24 hours if i wanted it. I ended up declining it. What is this payday loan, is it a bad idea?

claire0788

A payday loan is a short term loan with a really high APR from what i have seen. Google payday loans, they have a website that you could have a look at.

CLAPTON

payday loans are only really suitable for people who have someone outside their door threatening to break their legs unless they get their money.... and who are absolutely sure they can pay the debt off at the end of the month without taking out a new payday loan.