Pay Day Loans

bordercollie's picture

Urm Pay Day Loans.

Do we really need such things as these. Would it not be better just to go to the bank and get a loan out.

The APR with one company is 1737 % APR. Hell that is a lot of apr if you do not pay back the full amount with the said amount of interest agreed at the time. They will sting you something rotten until the amount is paid in full.

Has anyone taken one of these pay day loan things out or like me just heard of them.

mouse4u1's picture

Ohhhhh they look rather costly.

I think you would be better not getting one full stop as if you do not repay in full I would say it is going to cost you a massive fortune by the time it is repaid.

You would do better asking an employer if possible to use a company account and arrange to pay back at the end of the month or see if the employer could loan the cash and pay out of your wages would be a better idea rather than going for a gastly loan like that unless it is a massive amount.

But cetainly I would stay away from them full stop

Mouse

sellotape100m's picture

A pay day loan hey urm that could be of use. Urm but in saying that sadly you have to pay the damn things back at some gastly rate of interest.

I for one will be staying away from those loans. Rotten bank wont even give me a loan ha !.

Oliver

underpass909's picture

Hey Oliver your not the only one the bank wont give a loan to.

I also would say stay away from pay day loans as if you do not repay on the said day I gather the rate of interest is totally massive and goes through the clouds.

Best not to get it or just wait until you can I am going to say.

If you can afford to pay the money back straight from your next wages then surely you do not need to get a pay day loan out then. ?

William

sellotape100m's picture

Looks like one or two have seen the apr on these loans .

They will rob you blind. Glad people are saying they will stay away from them besides if you loan X amount of pounds you only have to pay it straight back and unless your on a GOOD WAGE then it is not worth it. So stay clear....

Oliver

bordercollie's picture

Yeah they are rather costly aren't they.

I personally think your best putting a small amount on a credit card if you have one and budget to pay that off quickly then it is done and dusted with.

Darrell

View answers to similar questions

This content is aggregated from other web sites. Please see our terms of use.
  • Is there any pay day loan shops or are all pay day loans online?

    Hey i need a loan but all online payday loans wont go through till money day because of banks transfer times or somthing, can you get pay day shops though? If so what are they? Thanks.
    I doubt that there are any legitimate ONLINE payday loan places - I sure as heck would not use one online - most or all are brick and mortar stores
  • can pay day loans be put on a bankruptcy?

    I have a couple of pay day loans that I have not paid, can they be included in a bankruptcy or is that not allowed?
    Yes, pretty much the only things you can't put on there is alimony, child support, taxes and student loans.
  • i see advertisements for instant loans everywhere such as pay day loans has any1 been approved?

    there are so many of these instant payday loans and i have applied for a couple but have gave up as i have got nowhere with them!
    Yup I have, but beware, you will pay about $21 for every hundred you borrow. These types of loans should only be used in the most extreme cases. Also, if you use these places to cash cheques, you will be charged for that too.
  • the toolbar at the bottom of my laptop screen keeps displaying things like pay day loans and rubbish how do i?

    this happening ?
    Nothing is free on the internet so a toolbar, which is unnecessary anyway, needs to pay for itself by displaying advertising.

    Uninstal the toolbar.
  • Pay day loans: Should they be allowed in the UK? Another bad idea from the US!?

    I hope judges who have to make a decision on debtors judge in their favour and pick up on the slightest point where the lender has been careless. 2000% + interest is RIDICULOUS!
    Well some of us instead of sitting down and dying would rather exploit the desperate with temptation.
    Bingo halls, book makers, pawn brokers, casino's and pay day loans in every town now.
    Sign of the times.
    False empires have been falling for thousands of years, we're getting used to it.

    This is what happens when being rendered dependable upon capitalism as we continue to identify with the movie show we are in.
  • what is the addrees and phone number of purple pay day loans?


    look on there site
  • Has anyone got a pay day loan with speed-e-loans and do they contact your employer when you apply?

    Do speed-e-loans contact your employer when you reply so that they can check you work their? i want to know because i don't really want them ringing my employer telling them my business basically
    and i do have a job i just don't want it all dragged up in work i'm not stupid enough to put myself in debt i can't afford
    I don't think they do. The interest rate on those types of loans are so damn high because they don't care about previous debt or employment. Your best bet is just to ask them.
  • Online pay day loans?

    Hey guys I'm doing an assignment about short term lending (it's a diploma at my work where I'm a debt management advisor) does anyone have any experiences of these online pay day loans? Which did u use and a short review if possible.. Also would u use again? Thank you so much if you answer this x
    If you need "Homework Help" I suggest you re-post in that category - otherwise, I'd suggest that university students are expected to be doing their own homework. If you can't do it on your own, it suggests you're not college/university material.
  • Question on pay day loans: Not sure?

    Hey all
    My boyfriend has just applied for a pay-day loan from pay day finance.net. It's been approved, but we're not sure what happens now. Do they just pay the money straight into the account or what? (I did ask him not to apply but he ignored me; i dont trust those sites personally)

    Many thanks for your help :)

    Marissa
    yes it will go straight into the account, if it's not there today then it will be there tomorrow, they usualy do it within 24 hours.
    We have used it once, it's great when your desperate but the interest rate is sky high.
  • Instant Pay Day Loans?

    Hi, I need a instant pay day loan company just like Wonga that can pay in my account within 15 mins no matter what time or what day, does anyone know any? Thanks.
    moneytree