I don’t know about in the UK but in the US those payday loan places charge 99% interest on the loan. You’d be better off trying to borrow money from your parents or friends or something.
The interest rates on payday loans are so high, they usually don’t even list them. They just say you’ll owe ‘fees’. The rates are usually 300% and higher. Every two weeks, you’ll owe the fee on your unpaid balance.
Having a payday loan can quickly become a black hole of debt. Think very carefully before you get one and if you do, pay it off with your *next paycheck*.
Use it only for an emergency – not to go shopping.
I don’t know of any places in the UK that offer one. Do a search and make absolutely sure you understand the terms because even if you electronically sign online, it’s a legal contract (with a loan shark).
I don’t know about in the UK but in the US those payday loan places charge 99% interest on the loan. You’d be better off trying to borrow money from your parents or friends or something.
Buyer be ware The interest and hidden costs are bad thse are Sharks Check with BBB
Bad idea
The interest rates on payday loans are so high, they usually don’t even list them. They just say you’ll owe ‘fees’. The rates are usually 300% and higher. Every two weeks, you’ll owe the fee on your unpaid balance.
Having a payday loan can quickly become a black hole of debt. Think very carefully before you get one and if you do, pay it off with your *next paycheck*.
Use it only for an emergency – not to go shopping.
I don’t know of any places in the UK that offer one. Do a search and make absolutely sure you understand the terms because even if you electronically sign online, it’s a legal contract (with a loan shark).