Any good payday companies?

John1993_2

The fact that you have maxed out credit cards, and haven't saved up for your I durance should tell you that you have money management problems.

For people with such issues a payday loan is dangerous. You've not been able to plan ahead to date, so are at high risk of being the same in future, and getting into a mess very quickly.

As others have said, you'd be best advised to avoid them.

dealer_wins

The company I work for are good for paydays, always on the last working day of the month.

shinkyshonky

Coolbeanz wrote: »

Hi all,

I've read all the negatives and, in the main, agree but are there actually any 'good' payday companies?

Is Wonga reputable? Quick Quid? Quick Quid appear to be far cheaper than Wonga but has anyone had any experience with them?
How about the lesser known ones like The Quick Loan Shop? Anyone used them? They seem to be cheaper than most and I don't want to pay any fees. Any other's?

I'm obviously considering using one, I've my car insurance to pay and have a small bonus coming in in 3 months, credit cards are nearly maxed so a short term loan for a month or two is appealing.

Comments appreciated, thanks.

Why not go through cashback sites such as topcashback quidco...pay insurance monthly and get some cash back possibly within 3 months...so thus making money back

Payday lenders to me are a leech on humanity...each to their own

JuicyJesus

Coolbeanz wrote: »

Well, I'm used to paying annually and I figure that the pay monthly option will actually work out slightly more than a payday loan costs.

No goddamn way. The only way it would cost more, assuming (say) an APR of 5000% (which is what this would cost) is if your insurer's monthly payment plan cost (assuming you wanted to borrow over 3 months) about four times that.

Plus, payday loans damage your credit. Their appearance on your credit file is basically you waving a big red flag saying "I'M TOTALLY F*CKING SKINT AND NOBODY ELSE WILL LEND TO ME", whether or not that is actually the case.

Even if it was only an extra tenner more, and I strongly suspect it would actually cost considerably less, I would take out the monthly payment plan with your insurer for this reason.

msarah

Coolbeanz wrote: »

Or do I just get another credit card? That's a slippery slope though.

indeed you can get onto a credit trap ive just claimed back all my ppi got 2k back :j amd ill never usea credit card again

iaintw

Payday Loan companies are off to the CC.
No one can trust payday loans companies its the worst lending sector
How many complaints from people debtors lots of complaints.
3,000 complaints have been register with FSO.
You can asked your friends to give you money eg your birthday or christmas money!

27col

Coolbeanz wrote: »

Well, I'm used to paying annually and I figure that the pay monthly option will actually work out slightly more than a payday loan costs. Only by a tenner or so but still cheaper. Obviously I'd be in trouble if I defaulted but I won't.

I wish that I had a quid for every time I have read words to that effect on here. I'd be a rich man.

John1993_2

iaintw wrote: »

Payday Loan companies are off to the CC.
No one can trust payday loans companies

On the contrary, they do exactly as they say. It's probably more correct to say that no-one can trust payday borrowers. We see the evidence on here all the time, they borrow money, promise when they'll pay it back, then fail to do so.

Stick to the terms of the agreement, and you'll probably never have a problem with them. Try to steal their money, and they'll rightly be robust in their pursuit of it.

opinions4u

Any good payday companies?

It's like asking "is there a good way to cut my todger off?".

TadleyBaggie

Or "Do you know an ethical hitman?"