Pay day loans- guess who set them up?

banks4u

Well I won't name names, as it will be clear to my identity. It just seems people who use payday loans are those already in problem. I have never missed a payment and always budget appropriately each month. If I don't have money one month, I will ensure I make it by selling on ebay. I will never approach a payday loan especially if the company is not directly authorised by the FSA. Just don't do it !!

dealer_wins

Nothing wrong with payday loans if you actually have a payday and can afford to pay it back.

Too many people dont though, and then wonder why it all gets messy real fast.

opinions4u

Well I won't name names, as it will be clear to my identity

A vague clue as to what you're wittering on about would be useful.

You've not even given that.

scheming_gypsy

banks4u wrote: »

If you can't get a normal loan there is a reason!! .

Usually because banks don't lend £400 for two weeks.

banks4u

Well most are London based. I guess you have to be really responsible with money and loans. It's like I would know and make sure I would pay it back as short term loans are expensive. But others don't look at the APR. it's similar to provident, when you work out how much you are really paying back its rediciouls. Unless its urgent don't use them, for night out or silly things you would be really silly to use them

_Andy_

I'm still at a loss as to what the point of this thread is.

27col

banks4u wrote: »

I would be very careful with using them.

Who'd have thought that you needed to be careful when using a payday loan company. We would never have known without your input.

Peelerfart

Well you learn something new everyday, anyway moving on.

Emmzi

It's all run by the Illuminati!!

dealer_wins

scheming_gypsy wrote: »

Usually because banks don't lend £400 for two weeks.

They do to people who have a tendency to pay it back. Its called an overdraft.