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Interesting Reading if you're considering a "payday" loan
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riverboat2001
Posts: 476 Forumite
in Loans
If you scroll down to the section about payday loans around the world, it does make very interesting reading, especially the UK's laws on the subject.
http://en.wikipedia.org/wiki/Payday_loan
http://en.wikipedia.org/wiki/Payday_loan
Was a 40 a day smoker for 20 years.
Decided to give up, and haven't had a fag for 12 years.
Halfway through losing six stone.
Looking forward to early retirement.
Decided to give up, and haven't had a fag for 12 years.
Halfway through losing six stone.
Looking forward to early retirement.
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Comments
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It must be...
It is.
Happy Wednesday everyone.0 -
I've just rolled over my 37 payday loans"We want the finest wines available to humanity, we want them here, and we want them now!"0
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Enfieldian wrote: »It must be...
It is.
Happy Wednesday everyone.
wow, these Wednesdays come around so quick !Space available for rent0 -
I'm very sorry, the Wednesday sarcasm is lost on me.
Having read through a lot of threads about payday loans where people have become disdraught about the mess they have got themselves in.
Having never had a payday loan i was curious about them, and was surprised at the different stances taken by goverments around the world.Was a 40 a day smoker for 20 years.
Decided to give up, and haven't had a fag for 12 years.
Halfway through losing six stone.
Looking forward to early retirement.0 -
This is Wikipedia where anybody can post anything about everyone - yes - take it with a pinch of salt.0
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Glad I saw this - would have forgotten it was payday rollover day otherwise
Same time next week guys
My posts are my own opinions based on my experiences and info gathered from sites such as this.
They are not a substitute for professional financial advice - but you knew that already didn't you?
VSP 2011 - Member #25 - Started 6th December 2010 - Total As Of 4th May 2011 (21 weeks in!) - £323.67/£500 - So far so good!0 -
Glad I saw this - would have forgotten it was payday rollover day otherwise
Same time next week guys
Well, at least i understand the Wednesday sarcasm now, they all renew midweek on a Wednesday then.
Bit like Pension Tuesday at the Post Office.Was a 40 a day smoker for 20 years.
Decided to give up, and haven't had a fag for 12 years.
Halfway through losing six stone.
Looking forward to early retirement.0 -
riverboat2001 wrote: »Well, at least i understand the Wednesday sarcasm now, they all renew midweek on a Wednesday then.
Almost - there's been a run of people coming on here on a Wednesday shouting about how Wonga, etc are a rip off with their high APR. Generally these people don't understand how APR works and how irrelevant it is for short-term, payday loans...
Bet you feel enlightened now and will sleep well tonight My posts are my own opinions based on my experiences and info gathered from sites such as this.
They are not a substitute for professional financial advice - but you knew that already didn't you?
VSP 2011 - Member #25 - Started 6th December 2010 - Total As Of 4th May 2011 (21 weeks in!) - £323.67/£500 - So far so good!0
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