Next day Loan Ads

Timalay

One in perticuar that relly gets on my nerves, where you end up paying over 2000% APR. Then they give you a discount code that a total of 25% off.

Sorry can't give you a name but can't think what they are called off the top of my head.

Zinger549

I think it's this one http://www.quickquid.co.uk/.

Mankysteve

You only pay the 200% apr if you don't pay it back the next month as the adverts says not intended for long term advantage.

But yeah they do rip off the poor and desperate but that how our current society/economic systems work. Welcome to capitalism..

I spose it's better than a loan shark.

cyberbob

Mankysteve wrote: »

I spose it's better than a loan shark.

Not much though

nomoneytoday

Since you're not borrowing the money for a year the APR is almost meaningless...

jimbms

Let's look at this serious, they are a company who will in effect give you an advance on your monthly salery if you need it for a fee and thousands use this and are happy. It is intended only as someone said for a short term as it is an advance on your pay by a third party. These companies are not ripping anyone off due to the way they operate as they only get part of the fee. The way they work is they take investors money, myself being one, and use that to give these short term loans. I as an investor get a decent portion of this fee due to the fact it is I who takes the risk and would lose out if the advance is not repayed, and I also have to pay a proportion of any fees to collect the debt from those who don't pay up, such is the risk of high interest investments. So the simple solution if this get's on your nerves is don't use the service and wait until payday to get your monies like most of the population do.