Payday loans - pay back after one week?

ms1990

Hi all. I need £600 until Friday and my only option is a payday loan. I am well aware of the risks of these.
Most payday loan companies offer loans for 3 months, however I would be paying back in less than 1 week. All of the companies I'm looking at state that early repayment is an option however I'd like an indication of the kind of fees I would be expected to pay if I did this.
Lending stream for example would charge £186.61 of credit for a £200 loan taken over 6 months. If the loan were repaid within a week instead, would this interest be £186.61/24 = £7.78 instead or is this a naive way of calculating it?
Thanks.

macman

LS state in their FAQ's that they do not charge early repayment fees. But, at 1333% representative APR, they can probably afford not to.
What is so urgent that you cannot delay payment by one week for?

yksi

Are you sure that an overdraft isn't an option?

sourcrates

"Payday loans" no longer exist, the lending model was replaced by "short term loan" borrowing over a min 3 month duration instead.

Have to echo macman, whats so urgent that it cannot wait till friday ?

Dosen`t seem very sencible to me, whats the story behind it, maybe we can advise ?