Have you ever taken a payday loan? What is your opinion?
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