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Payday Loan (£50)

joders
joders Posts: 36 Forumite
Part of the Furniture Combo Breaker
I'm looking to take a loan but only need £50, i'm guessing a Payday Loan is the best option but who would you recommend using?

Thank you in advance!
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Comments

  • opinions4u
    opinions4u Posts: 19,411 Forumite
    Nobody.

    Don't get one.

    Do without whatever it is you want to spend £50 on.
  • Alibali
    Alibali Posts: 126 Forumite
    joders wrote: »
    I'm looking to take a loan but only need £50, i'm guessing a Payday Loan is the best option but who would you recommend using?

    Thank you in advance!

    try your bank for a £50 overdraft, save yourself a fortune on interest.
  • Tixy
    Tixy Posts: 31,455 Forumite
    I really wouldn't do it.
    Could you realistically repay it next month?

    Whats it for? is it to pay off one of your existing debts? If it is then it won't work out cheaper.
    If its not then I'd simply try missing this months payments to your creditors as they are already all in arrears and using that money for whatever you need this for (you could send them the template letter to say you are seeking advice on your debts, which gives you a month breathing space).
    A smile enriches those who receive without making poorer those who give
    or "It costs nowt to be nice"
  • dealer_wins
    dealer_wins Posts: 7,334 Forumite
    The Bank of mum & dad,
    The Bank of selling stuff on Ebay,
    The Bank of going without.

    Anything to avoid taking out a rip-off loan if you ask me.
  • McKneff
    McKneff Posts: 38,857 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Its a slippery slope...........

    easy to get on, very very difficult to get off
    make the most of it, we are only here for the weekend.
    and we will never, ever return.
  • joders
    joders Posts: 36 Forumite
    Part of the Furniture Combo Breaker
    Thank you everyone for the feedback - i'm going to give it a miss. It is to pay for a few bills due in next week.

    Going to list some things for sale on ebay and facebook which will fingers crossed help. Wish me luck!
  • That's great....a much better solution so good luck!!
    "I believe that everything happens for a reason. People change so that you can learn to let go, things go wrong so that you appreciate them when they're right, you believe lies so you eventually learn to trust no one but yourself, and sometimes good things fall apart so better things can fall together." Marilyn Monroe
  • opinions4u
    opinions4u Posts: 19,411 Forumite
    Unbelievable!

    A sensible outcome!!!!
  • Tixy
    Tixy Posts: 31,455 Forumite
    I hope you get it sorted and sell enough things.

    Depending on what the bills are you might also be able to agree to pay a small amount this month and the remainder next month to help you through? a lot of things like utilities etc will usually be ok if you need to do that as a 1 off.
    A smile enriches those who receive without making poorer those who give
    or "It costs nowt to be nice"
  • joders
    joders Posts: 36 Forumite
    Part of the Furniture Combo Breaker
    That's a good idea Tixy as I do have Gas, Electric and Water due over the next 2 weeks too. I'll see how I go over the weekend then make a few calls. Thank you
    :)
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