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  • FIRST POST
    • Stevie62
    • By Stevie62 12th Apr 19, 2:36 PM
    • 3Posts
    • 0Thanks
    Stevie62
    Payday Loan
    • #1
    • 12th Apr 19, 2:36 PM
    Payday Loan 12th Apr 19 at 2:36 PM
    Looking to take out a payday loan that donít pay less interest fees. Iím currently unemployed and looking to maybe borrow around £250-£300.

    Anyone know what the best pay day loan companies are.
Page 1
    • Willing2Learn
    • By Willing2Learn 12th Apr 19, 2:39 PM
    • 2,768 Posts
    • 2,334 Thanks
    Willing2Learn
    • #2
    • 12th Apr 19, 2:39 PM
    • #2
    • 12th Apr 19, 2:39 PM
    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.
    Last edited by Willing2Learn; 12-04-2019 at 2:41 PM.
    I work within the voluntary sector, supporting vulnerable people to rebuild their lives.

    I love my job

    • Stevie62
    • By Stevie62 12th Apr 19, 2:45 PM
    • 3 Posts
    • 0 Thanks
    Stevie62
    • #3
    • 12th Apr 19, 2:45 PM
    • #3
    • 12th Apr 19, 2:45 PM
    Yes I would be able to make the repayments.

    It’s to pay for a few bills.
    • Willing2Learn
    • By Willing2Learn 12th Apr 19, 2:51 PM
    • 2,768 Posts
    • 2,334 Thanks
    Willing2Learn
    • #4
    • 12th Apr 19, 2:51 PM
    • #4
    • 12th Apr 19, 2:51 PM
    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 job

    • zx81
    • By zx81 12th Apr 19, 2:52 PM
    • 21,733 Posts
    • 23,650 Thanks
    zx81
    • #5
    • 12th Apr 19, 2:52 PM
    • #5
    • 12th Apr 19, 2:52 PM
    You won't get one without an income, even one that don't pay less interest fees.
    • sourcrates
    • By sourcrates 12th Apr 19, 3:19 PM
    • 17,006 Posts
    • 16,023 Thanks
    sourcrates
    • #6
    • 12th Apr 19, 3:19 PM
    • #6
    • 12th Apr 19, 3:19 PM
    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 Board Guide on the Debt-Free Wannabe, Credit File And Ratings, and
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    • djphig
    • By djphig 12th Apr 19, 3:21 PM
    • 23 Posts
    • 7 Thanks
    djphig
    • #7
    • 12th Apr 19, 3:21 PM
    • #7
    • 12th Apr 19, 3:21 PM
    Please don't take out a pay day loan, find another way around it. They ruin your credit profile!
    • Sncjw
    • By Sncjw 12th Apr 19, 5:55 PM
    • 2,085 Posts
    • 1,255 Thanks
    Sncjw
    • #8
    • 12th Apr 19, 5:55 PM
    • #8
    • 12th Apr 19, 5:55 PM
    How will you be able to pay for the payday loan if you can afford to pay your bills.
    • Tarambor
    • By Tarambor 13th Apr 19, 12:17 PM
    • 4,874 Posts
    • 3,805 Thanks
    Tarambor
    • #9
    • 13th Apr 19, 12:17 PM
    • #9
    • 13th Apr 19, 12:17 PM
    Yes I would be able to make the repayments.

    Itís to pay for a few bills.
    Originally posted by Stevie62
    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.
    • JasonHand
    • By JasonHand 16th Apr 19, 3:40 PM
    • 167 Posts
    • 69 Thanks
    JasonHand
    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 paid
    • DCFC79
    • By DCFC79 16th Apr 19, 7:45 PM
    • 34,027 Posts
    • 21,473 Thanks
    DCFC79
    Yes I would be able to make the repayments.

    Itís to pay for a few bills.
    Originally posted by Stevie62
    So hang on if you would be able to make the repayments why can't you skip the pay day loan and just pay the bills.
    • dealer wins
    • By dealer wins 17th Apr 19, 9:14 AM
    • 6,351 Posts
    • 12,695 Thanks
    dealer wins
    With payday loans, the clue is in the name. IE you have to have a payday!

    OP its a complete non starter im afraid, and thats a good thing as it would only get you in to a worse mess down the line.

    Try to negotiate with the companies for a repayment plan, or try to get some temp work to boost your income etc
    Choose life
    • ndf9876
    • By ndf9876 17th Apr 19, 3:25 PM
    • 128 Posts
    • 68 Thanks
    ndf9876
    Obvious troll is obvious...
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