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Major Issue with PayDay Loan

challie1993 · 2016-09-02 15:34:46

I am in a spot of bother, I took out a pay day loan a while ago to cover me to the end of the month, thinking that paying £80 each month would be enough, after 3 installments payed out of the £300 expecting only £60 left to pay i was horrified to find that despite paying off £240 out of £300, i have a balance of £207, too…

Comments

Hasbeen Posts: 4,404 Forumite

13 September 2016 at 10:13PM

ViolaLass wrote: »

Could you explain what happened? It's not clear what 'small print' you're referring to.

looking at the posts it appears the op did not read that interest applied to the £300

Perhaps thought free £300 for a short period of time?

The world is not ruined by the wickedness of the wicked, but by the weakness of the good. Napoleon
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