Year 12s: what will be the first way you research your future options? >>

Payday loans

Any legit companies any one knows? For bad credit,no upfront fees and that can be paid in same day?

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Reply 1

danisolo

Seriously, don't do it. Just don't.

Reply 2

flown_muse

Please don't do it. If you're at uni, is there a hardship fee you can apply for? What is it for? Is it a necessity or a want? Unless it's a life or death situation, it's not worth it.

If you absolutely want to and you are convinced, here is a link:

http://www.moneysavingexpert.com/loans/payday-loans

Reply 3

rickfloss

wonga

or

meyer lanksy's have-a-loan-for-a-bone payday loan company

Reply 4

Toriretro

Thanks for replying. It's for rent !!!! I'm stuck

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Reply 5

danisolo

Original post by Toriretro

Thanks for replying. It's for rent !!!! I'm stuck

Posted from TSR Mobile

If you are a student get in touch with your university or college to enquire about hardship funds. If there is nothing available/you are no longer in education get in touch with your city council and enquire about housing benefit.

It would do less damage to explain to your landlord/letting company that you may may late on rent this month. Even if they do charge late fees it will be nothing in comparison to payday loan interest.

Payday loan companies should not be used ever, not even as a very last resort. I cannot understand how they are even legal.

Reply 6

cantevendeal

DO NOT USE PAYDAY LOAN COMPANIES... There are lots of better value alternatives....

Here's a few ways to make money:
- Reclaim money (eg. tax)
- Sell old stuff for cash (mobiles, CDs, clothes)
- Find other ways of earning money online or through a job

Here's some options for borrowing that are better than payday loans:
- Student bank account 0% overdraft - make sure you have a student account and are using the overdraft. You could get around 2k - 3k. Or if you've already hit this you can ask for an extension...
- Parents - I am unaware of your family situation but assumed that you took out your student loan with your parents' household income as the assessed amount. If they earn over the threshold and you don't receive any grants etc then you should ask them to help out.
- 0% credit card - You can find credit cards that will offer you 0% for X months. However you need to make sure that you can definitely pay it back at a later date.
- Bank loan - I would suggest this as a better option than payday lenders. The banks % are much lower.
- Arragned/unnaranged overdraft - believe it or not sometimes it's better to go into an unnaranged OD than payday lenders...
- Friends & family - I'm aware that it's hard to ask friends and family for money but every little helps. I for one would much rather lend a friend money than see them turn to a payday lender.
- Credit union - find out if you have a local one. A lot cheaper than payday lenders.

Hope that helps... please avoid the sharks!