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I really need to get out of this Barclaycard debt
Comments
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Brie said:Wondering about Wagestream.... how different is this to a payday loan company? I can't see if they are charging interest except on one section of their site that talks about loans at up to about 17% - not as high as the old fashioned payday companies but still rather high.
And I suspect too that the use of this shows on your credit report - in which case Barclaycard would know about it as well.
I actually told Barclaycard about it, to show them how dire my situation is. They've agreed a payment plan with me today and is freezing my interest for 12 months, phew!!0 -
Jami74 said:Brie said:Wondering about Wagestream.... how different is this to a payday loan company? I can't see if they are charging interest except on one section of their site that talks about loans at up to about 17% - not as high as the old fashioned payday companies but still rather high.
And I suspect too that the use of this shows on your credit report - in which case Barclaycard would know about it as well.
Obviously never ideal to use, but I suppose taking some two weeks into the month for a fee would be like getting paid fortnightly rather than having to wait the whole month. And no interest so preferable to a payday loan and probably cheaper than overdraft.1
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