Best Payday Loan Company

Naf

thegoodman wrote: »

I think £17 extra on £ 80 seems to high.

It is high, no doubt about it. But whether it's too high depends on your circumstances and what you need it for. I really needed the shelves I was going to buy, and knew that the PDL wasn't going to be extended so It felt Ok to me to essentially make the shelves £117 as opposed to £100 for the sake of being able to get them when I needed them and not wait weeks, or potentially even months - no guarantees that I'd have another opportunity.

mummyplus3

I think the amount people are happy to pay on various things does depend on their credit status and how much they want things... Eg my carpet I could of kept putting it back untill the 12th Sept, and saved as a rough estitmate on interest charge about £85 but the house was horrible without it, nails sticking up everywhere and kids tripping on the stairs becaue the floor boards are uneven. So that extra £85 is complelty worth it for me... Just as the £17 was for Naf when their cheque was cashed.

Although I still got the quote down from £1160 to £775 so even paying the extra £85 I still saved a bucket load of cash!

thegoodman

Naf wrote: »

It is high, no doubt about it. But whether it's too high depends on your circumstances and what you need it for. I really needed the shelves I was going to buy, and knew that the PDL wasn't going to be extended so It felt Ok to me to essentially make the shelves £117 as opposed to £100 for the sake of being able to get them when I needed them and not wait weeks, or potentially even months - no guarantees that I'd have another opportunity.

In your other post you said you have paid in days. Make your mind up. £17 may not sound a lot as one off. You do this a few times and before you know it you will be in debt. Way I look at it is if I have waited a few days to get the stuff I would have been £17 richer.

Naf

thegoodman wrote: »

In your other post you said you have paid in days. Make your mind up. £17 may not sound a lot as one off. You do this a few times and before you know it you will be in debt. Way I look at it is if I have waited a few days to get the stuff I would have been £17 richer.

I paid the PDL back the following day, yes. The reason I might not have had chance to get the shelves another time wasn't cashflow, rather the logistics of the trip I needed to make to do it and the imminence of a new job due to start. The cashflow issue made a maximum of three days difference (whether it was going one day, two or all three I had no way of knowing on the day I took the PDL), but had I waited to see I was running the risk of not being able to do it at all, or at least not for quite a while. The £17 was a perfectly fine additional expense on top of the £100 of the shelves retail price (and the £25 train fare) for me to eliminate the risk of not being able to make the trip at all on another day.
Yes, it's an expensive way to borrow.
Yes the APR in my case was over 6000%
But its a convenience thing, the same as the reason that convenience stores and motorway service stations hike the price to way above normal. Its convenient for the customer.