Have you ever taken a payday loan? What is your opinion?
- yes0% (0)0% (0)0% (0)Vote
- no100% (6)100% (6)100% (12)Vote
- seldom0% (0)0% (0)0% (0)Vote
Most Helpful Guy
dont do it if you dont have to the interest will kill you. to me they are just legal load sharks0
Most Helpful Girl
I have. A few times. Usually it's £30 interest on each £100. If you miss a payment by a day, you're totally fucked and it'll mess you up, if you know 100% you'll have the money in time it's not too bad. I usually give myself a week extra, so if I know I get paid on the 30th, I'll ask to borrow til the 7th, to give myself 7 extra days because you never know when things might go wrong.
I wouldn't advise it unless you're absolutely desperate and know you will definitely pay back on time though. A cheaper option is a bank over draft. A planned overdraft is usually free. Some banks let you have accounts with benefits, one being an overdraft, that you pay a monthly fee for. Check with your bank.0