Cash Converters Payday Loan

Angelight

Had a read up on the articles about payday loans and decided not to bother - I honestly hadn't realised what a rip off they are, and was shocked by the downward spiral so many people have found themselves trapped in after taking one out. Thanks for the advice everyone, much appreciated.

wiseshark

Angelight wrote: »

Already sorted for the next one, and finally got round to signing up to credit union! x

The Credit Union is one of the best decisions you will ever make. Here's hoping you have a lovely frugal Xmas and a fantastic one next year.:A

27col

Take the advice given and save a bit each pay day. Then you won't have to even consider taking out a loan.
If you can afford the repayment on a a pdl, then you can afford to save a little each week for emergencies and for non-emergencies such as Christmas. It's just a question of getting into a routine. Saving by using a Credit Union is an excellent start.

Delree

I think it's very easy to say "if you haven't got the money don't spend" but that doesn't really correlate with how life is in this country in 2013.

The pressure on parents to buy xbox games etc is huge and the pressure on single people to socialise is huge too. Nobody wants to get into debt over xmas but I'm willing to bet that people see debt as a lesser evil than disappointing friends or loved ones.

27col

Delree wrote: »

I think it's very easy to say "if you haven't got the money don't spend" but that doesn't really correlate with how life is in this country in 2013.

The pressure on parents to buy xbox games etc is huge and the pressure on single people to socialise is huge too. Nobody wants to get into debt over xmas but I'm willing to bet that people see debt as a lesser evil than disappointing friends or loved ones.

You cannot be serious. If you are so insecure and shallow, that you think you should get into debt you cannot afford for the sake of the opinion of family and "friends", then they are even shallower for thinking that your Xmas debt is a good thing.
As another thought. If you can put by enough money each week after Xmas, to repay your Xmas debt, with the added burden of high interest. Then why do you find it impossible to put by some money each week, before Xmas, in order to be able to buy presents without going into debt, and without attracting any interest.

sniggings

Angelight wrote: »

Had a read up on the articles about payday loans and decided not to bother - I honestly hadn't realised what a rip off they are, and was shocked by the downward spiral so many people have found themselves trapped in after taking one out. Thanks for the advice everyone, much appreciated.

I'm in a credit union, my last loan was for £1000 and the interest will be £62 for the year, it makes your £20 on a £70 loan for a few weeks look :eek: