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What's the cheapest payday loan company ???

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  • Apples2
    Apples2 Posts: 6,442 Forumite
    Apples65 wrote: »
    so I called my girls there and they just pushed my check back in que a bit.
    Think about it b4 u dive in!
    I'm not sure I am comfortable with this idiots username. :cool:
  • somethingcorporate
    somethingcorporate Posts: 9,449 Forumite
    How'd you like them apples? :D
    Thinking critically since 1996....
  • meer53
    meer53 Posts: 10,217 Forumite
    Tenth Anniversary 10,000 Posts Combo Breaker
    And from someone who knows ( i make lending decisions for a bank) having Payday Loans on your account is NOT going to help when you apply for any lending. They ring HUGE alarm bells. You can have a perfect credit score but these will be factored in when any decision is made.

    They nearly always show as the company name ie Wonga, Lendin*Stream, Quickquid etc so there's no hiding them i'm afraid.
  • nyc_451
    nyc_451 Posts: 502 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    meer53 wrote: »
    And from someone who knows ( i make lending decisions for a bank) having Payday Loans on your account is NOT going to help when you apply for any lending.
    And what mostly surprises me is that my fellows from a paydayloan company don't agree with that. They think it's good for your credit if you're paying on time. But oh well, I even worked with a girl who thinks that charging 30 for a 100 is 30%, and charging 15 for a 50 is 15%, so...
  • iaintw
    iaintw Posts: 90 Forumite
    payday loans on your credit report (noddle or callcredit) called this Account type Advance Against Income
  • Moneymash
    Moneymash Posts: 510 Forumite
    Part of the Furniture 100 Posts Combo Breaker Debt-free and Proud!
    I've just seen this...surely the cheapest payday loan company is one you don't use! Snarf, snarf, snarf
    Debt-Free day 30th September 2014
  • geoffky
    geoffky Posts: 6,835 Forumite
    WHY have people quoted the post? when it comes to get deleted your post will still advertise the company.
    It is nice to see the value of your house going up'' Why ?
    Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
    If you are planning to upsize the new house will cost more.
    If you are planning to downsize your new house will cost more than it should
    If you are trying to buy your first house its almost impossible.
  • Treadmill
    Treadmill Posts: 1,102 Forumite
    The cheapest will probably be a high street pawnbroker like H&T. If you go in person you'll also save the transmission fee.

    Payday loans are a terrible idea but if you really must get one then at least you'll be getting the cheapest £16.48 to borrow £100 for 28 days.
  • Treadmill
    Treadmill Posts: 1,102 Forumite
    Just noticed how old the Original post is, sorry.
  • malcolmffc
    malcolmffc Posts: 339 Forumite
    "What's the cheapest kind of payday loan?"

    A savings account.
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