Where is a good place to go for a Payday loan?

[jerrydill]

Where is a good place to go for a Payday loan?

[bednobs]

nowhere - avoid like the plague! About 1000% apr (yes you read it right 1000%)

Anyway, before you/friend ccmes back to tell me where to get one i've reported for advertising

[CheekyChops]

Nowhere is good - extortionate interest rates for one thing.

If you absolutely MUST get one and can definately afford to repay it next payday, go via Quidco to PaydayUK. They will give you �50 cash back.

So basically it works like this - I don't even need a payday loan but have taken one out for �80, I paid back �100. Quidco have paid me �50 so after the �20 interest charge, I have made �30 for doing nothing...

[carrot99]

TYPICAL 1845%APR

I just looked at PaydayUK - nearer 2000%!!!!!!!

[Oneeyedvic]

All short term loams will carry a very high APR - you need to ignore this and look at how much it will cost in real terms.

As an example, if I leant you �25 this week and you gave it back to me next week and bought me a pint (say cost �2.50) for helping you, that would equate to a 3 figure APR (something around 300%). Obviously, most people would not have any issue with this deal, but if you said would you like a loan @ 300% APR, they would run like the plague!

A{R is only useful for comparing 2 loans over the exact same period.

[sandmaster]

Avoid these loans. If you have a bank account and a regular wage your bank may grant an overdraft - but if you have a poor credit history this is doubtful.

[felizepalmera]

Best place that you can go to is at https://www.icashloans.co.uk/?c=266460