Payday Loans

vikki2k1

have any of you ever had one of these?
what is your experience and what is the interest rate usually!?
am considering one as i need the cash and cant get a bank loan!

salfordric

Hi there I have had payday loans in the past, if you got another alternative I would suggest using it, payday lenders tend to charge extortionate interest rates and are not in the least bit interested if you can pay when your suposed to, they are unlikely to offer you any help and normally proceed straight to issuing a money claim on line, which lands you with a ccj.

Also these payday lenders ask for so much information to be emailed, passport, debit card, letters, im not sure if this is safe considering the amount of id fraud that is around now.

Main lenders Ive used in the past are https://www.monthendmoney.co.uk and https://www.poundstilpayday.co.uk, despite advertising £1000 loans in reality on a 1st application they wont give you more than about £300ish

Hope that helps

vikki2k1

wow the interest rate is crazy!!
i went on the live chat and asked what the interest rate is and they said its £29.98 per £100!!!

iceicebaby

If you can avoid using a pay day loan then dont do it. If its a relatively small amount that you need I woud try asking a family member

vikki2k1

no i definatley aint gonna do it, i wanted about 600 quid!
im not paying that much back!
i wouldnt have minded paying £100 but nearly £200 is too much!