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Payday loan companies...

crouchy27
crouchy27 Posts: 3 Newbie
in Loans
Hey guys,

Is there anyway round these companies as hate paying them back with their crazy interest rates as I'm looking to apply for a reasonably small loan this evening.

Is there any other option or anyone know of independent traders who would love a small fortune?

Would love to hear your thoughts.

Crouchy
«1

Comments

  • opinions4u
    opinions4u Posts: 19,411 Forumite
    Not borrowing money is a good way to avoid them.
  • Apples2
    Apples2 Posts: 6,442 Forumite
    What happened to your other post about doing "Favours for Sailors" in exchange for Rent money??
  • PhoenixDF
    PhoenixDF Posts: 113 Forumite
    Depends how much you are looking to borrow. Some banks offer temporary overdraft increases for around 2 weeks to 1 month (nationwide don't offer this service by the way).
    Current Debt
    Barclays Student Overdraft £3,000 [£3,000 limit - £7 monthly fee, 0% interest]
    Nationwide Overdraft £145 [£150 limit 19.9% interest]
    Barclaycard £2,990 [£4,000 limit - 0% interest until April 14]
    Vanquis £1,331.96 [£3,000 limit - 39.9%APR)
    Capital One £50 [STRIKE]£81.54 [/STRIKE][£200 limit - 27.9%APR)
  • crouchy27
    crouchy27 Posts: 3 Newbie
    Yea I bank with nationwide! Thanks for post though!
  • KingElvis
    KingElvis Posts: 4,100 Forumite
    I never have to deal with them as I simply don't use them, so there, it's so easy even Elvis can do it.
    "We want the finest wines available to humanity, we want them here, and we want them now!"
  • BackOnTrack
    BackOnTrack Posts: 574 Forumite
    If you have anythign worth a bit of cash then pawn it not sure what the interest rate would be but I'm guessing it would be a lot mroe reasonable than a payday loan company as they have something secured against the loan and if the worst comes to the worst and you can't pay it back then at least you don't have people chasing you and have a debt spiral out of control.
    There's no sense crying over every mistake.
    You just keep on trying till you run out of cake.
  • DCFC79
    DCFC79 Posts: 40,641 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Hey up its our friend Crouchy from last night or he was known by another name which i can not remember what it was.
  • malkyh
    malkyh Posts: 1,085 Forumite
    DCFC79 wrote: »
    Hey up its our friend Crouchy from last night or he was known by another name which i can not remember what it was.

    Nincompoop?
  • Apples2
    Apples2 Posts: 6,442 Forumite
    HairyBearGigolo
  • oldhand
    oldhand Posts: 3,749 Forumite
    Part of the Furniture
    ankle gripper????:cool:
This discussion has been closed.
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