Payday Loan Crisis

KingElvis

People collect these scummy loans like I used to collect football stickers and animal fact files.

RobEssex

michael1983l wrote: »

Is this a troll thread, I don't think there are actually 12 payday lenders out there that actually lend money rather than try and sell you a "membership" to obtain loans

Quickquid
Wonga
Unclebuck
Mini Credit
Micro Credit
safe Loans
Pounds2Payday
Toothfairy finance
Speedy Loans
Txt a loan
Payday UK
Payday Express

Wow I was wrong, it looks like you have the full set.

There's more, Wage Day advance etc etc.

RobEssex

crazyguy wrote: »

If you cannot borrow the amount then yes its your only course of action here, do not use anyone other than the 2 charity dmp's though, and make sure you close the account pronto or they will start trying to take the money out.

Just to confirm what are the two charity DMPs?

crazyguy

RobEssex wrote: »

Just to confirm what are the two charity DMPs?

cccs is one of them, http://www.cccs.co.uk/

Payplan, http://www.payplan.com/?gclid=CKn9yu3LzqsCFQMPfAodKUOVTA

I dont know who is best probably the same they are both charity run so no fee's

RobEssex

I dont know who is best probably the same they are both charity run so no fee's[/QUOTE]


Do you know if they Freeze the interest, etc? sorry for all the questions i'm just new to these things.

crazyguy

RobEssex wrote: »

I dont know who is best probably the same they are both charity run so no fee's

Do you know if they Freeze the interest, etc? sorry for all the questions i'm just new to these things.[/QUOTE]


I am not sure as they need to ask whoever you owe the money to, so basicaly no guarantee of interest being frozen.

suehippo

Although neither company charge CCCS are the actual charity. PayPlan are a Ltd company and also don't charge for DMP's but sometimes try to sell you other products - which you are under no obligation or pressure to buy.

Tixy

Nobody can guarantee that a creditor will agree to freeze interest. All DMP companies/charities etc will ask the creditor to freeze interest but non can force them to do so.