Movement Against PayDay Loan Companies

[Deleted User]

michael1983l wrote: »

Can I ask for an honest response please, that is do most people think that I am in the wrong/barking up the wrong tree here, because I can easily scrap it if thats what most people think.

whilst i admire the sentiment i suspect it maybe a waste of energy,these lenders whilst appearing dodgy usually operate just inside the law,personally i think it would be better to campaign for all legal lenders to charge a reasonable apr.
While i sympathise with people who end up paying massive rates of interest from these people its usually because they have messed up in the past and cant borrow from high street lenders.

Catfish_the_Guitarist

unfortunately its easy to accidently abuse payday loans. my story is I spent over $10K on interest last year


Finally I have recovered :T

cherylc

Hi, I can't seem to find how to start a new post here as I'm new to this site!!!
I just want to know if I am paying 29% on my credit card (I pay £30 a month and £17 of this is the interest!!!!) or therabouts.
Should I pay my credit card off when I get paid next week to a nil balance then pay my bills ie rent, gas, electric etc from thesame credit card (assuming I have a 30 day no interest period and do this every month, therefore able to pay the £17 interest as a payment to credit card so paying off the full £30 a month not just £13?
Hope that makes sense!!!!
Would appreciate any help, thanks, Cheryl

CLAPTON

cherylc wrote: »

Hi, I can't seem to find how to start a new post here as I'm new to this site!!!
I just want to know if I am paying 29% on my credit card (I pay £30 a month and £17 of this is the interest!!!!) or therabouts.
Should I pay my credit card off when I get paid next week to a nil balance then pay my bills ie rent, gas, electric etc from thesame credit card (assuming I have a 30 day no interest period and do this every month, therefore able to pay the £17 interest as a payment to credit card so paying off the full £30 a month not just £13?
Hope that makes sense!!!!
Would appreciate any help, thanks, Cheryl

to start a new thread

page down to the bottom of the list of threads .. you will see on the left a box 'new thread'

whether your idea will work depends upon whether you can actually pay your rent, gas, etc by credit card... some organisations allow CC payment and other don't