Question about Payday Express

whichwhydoIturn

i personally have felt alot better since i said i didnt want it.i have depression and when i feel low aas i did last week i contacted then for a loan.by thurdsay when funds had gone in i felt much better in myself so i turned it away.Saturday I went bargain shopping and i enjoyed it much better, charity shops etc.

paulmcerlean

THEMOUND wrote: »

When will you people learn that loans of this nature,whilst initially they may be manageable and you can pay them off are designd to sucker you in more and more, once you see how easy it is to get one, youll hop,jump and skip back for more when you desperate again:D:D:D:D

I agree these are bad loans to get involved in.

Perhaps people should pretend to have thousands of available credit like you?

theatretony

THEMOUND wrote: »

When will you people learn that loans of this nature,whilst initially they may be manageable and you can pay them off are designd to sucker you in more and more, once you see how easy it is to get one, youll hop,jump and skip back for more when you desperate again:D:D:D:D

Looking at the limits you so proudly show in your signature, it appears that you have never had the need to get one, for people who do not have that type of cash available to them and need a quick boost, they are perfect as long as you understand the APR and pay it back on time, I do not see a problem. If you borrowed £100 on a credit card and paid the minimum balance only, I bet you would end up paying more in the long run.

corsa

No more loans after this one ive seen how easy it is to get trapped into the downward loan path of borrowing more than you can afford, so we wont be allowing that to happen, we only got this loan as there was no other option we could see, but it backfired because we still never got the money on the day we thought we would, hence the reason why we applied for it in the first place.

d123

theatretony wrote: »

If you borrowed £100 on a credit card and paid the minimum balance only, I bet you would end up paying more in the long run.

Thats a stupid analogy, the maximum length of time for one of these rip-off loans is 47 days, compare like with like and see what the same amount spent on a credit card and repaid in 47 days would be, even a credit card like Vanquis or Aqua is immensely cheaper, I think the APR on these is around 49%, paydayloans is 1737%.

This is the on-line equivalent of a dodgy pawnbroker.

paulmcerlean

THEMOUND wrote: »

Pretend lol Nope :D:D:D,FYI the limits i can have on 3 of the cards are substantially higher, however i choose to set them at the levels i currently have :T:T

Jealousy is a terrible thing isnt it pauly :D FYI you know nothing of my finances and what i can and cant afford, so before you open that hole in your face,make sure you have the correct information before commenting.

Theres a good chap :T

Likewise - I definitely have no need to be jealous. :rotfl: