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Payday Loan
Comments
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What do you mean by the phrase "... a payday loan that don't pay less interest fees"?
Are you sure you will be able to make the repayments, as the APR for payday loans is generally over 1,000%? What kind of difficulty are you currently in, that makes you want to apply for a payday loan?
And there is no such thing as a 'best' payday lender.I work within the voluntary sector, supporting vulnerable people to rebuild their lives.
I love my job
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Yes I would be able to make the repayments.
It’s to pay for a few bills.0 -
Have you tried negotiating with the companies that have sent you the bills. If you could negotiate affordable payment plans for the troublesome bills, then that would be far better than having to rely on payday loans...
What bills have you got that require your attention? Maybe we can help you work out a way forward without having to rely on a payday loan.I work within the voluntary sector, supporting vulnerable people to rebuild their lives.
I love my job0 -
You won't get one without an income, even one that don't pay less interest fees.0
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Hi,
As W2L has said, its much better to negoatiate lower payments on your outstanding bills, than borrow money you cannot afford, none of these companies will give you a loan without an income.
Also the PayDay Loan is now defunct, they have been rebranded "short term loans" repaid over 1-6 months in most cases.
I assume you must bave some kind of benefits as income ?I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0 -
Please don't take out a pay day loan, find another way around it. They ruin your credit profile!0
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How will you be able to pay for the payday loan if you can afford to pay your bills.Mortgage free wannabe
Actual mortgage stating amount £75,150
Overpayment paused to pay off cc
Starting balance £66,565.45
Current balance £58,108
Cc around 8k.0 -
Yes I would be able to make the repayments.
It’s to pay for a few bills.
If it is to pay for bills you can't afford to repay the loan. Time to sell something or go to an employment agency and sign up to do factory or warehouse work or if in a rural community working in the fields, all of which would see you getting paid the week after you start. Plenty of work around at this time of year with agencies.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
Please don't take out a pay day loan Stevie. They are the road to ruin. I know its tough when you don't physically have the money when you've got bills to pay. Go through some of your belongings and sell some bits you no longer need.
If you take a pay day loan out you will be even more worse off this time next month and the spiral starts.
Good luck with getting your bills paid0
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