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Making money from payday loans

ujjain
ujjain Posts: 31 Forumite
in Boost your income
There are some nice cashbacks for payday loans. Would it be possible to pay back the payday loan the next day or would it have to be on payday?

http://www.topcashback.co.uk/loans/cashback/

Comments

  • JimmyTheWig
    JimmyTheWig Posts: 12,199 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    I think it would be possible but they go on your credit report and are frowned upon by other lenders.
    A couple who wanted to buy our house last year, for example, were refused a mortgage due to using a payday loan in the previous 12 months.

    So not worth it for £50 cashback, I'd say...
  • COOLTRIKERCHICK
    COOLTRIKERCHICK Posts: 10,510 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    I would say try looking at the bingo sites via cashback sites..


    I done it a few years ago, where the cashback was more than the deposit...


    think I might do it again, sign up to cashback site with another email address, and start it all over again lol..
    Work to live= not live to work
  • asajj
    asajj Posts: 5,125 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper Rampant Recycler
    JimmyTheWig wrote: »
    I think it would be possible but they go on your credit report and are frowned upon by other lenders.
    A couple who wanted to buy our house last year, for example, were refused a mortgage due to using a payday loan in the previous 12 months.

    So not worth it for £50 cashback, I'd say...

    Yes also lender always wins so not worth it if you ask me.
    ally.
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