Payday loans

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angela18

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Post by angela18 » Tue Sep 02, 2008 8:24 pm
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I keep getting emails from payday loans.. what are they? not that I want one!!!
Ang.. 13 payments in.. WOW, thats over 20% paid!! http://angela18.blogs.iva.co.uk/ well here we go

if you wish for a rainbow... then you have to put up with the rain xx
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MelanieGiles

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Post by MelanieGiles » Tue Sep 02, 2008 8:42 pm
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I think that they are a short-term cash shop - a bit like a money lender but probably more reputable, where you can get advances against your salary of small amounts which have to be paid back relatively quickly.
Regards, Melanie Giles, Insolvency Practitioner
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Adam Davies

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Post by Adam Davies » Tue Sep 02, 2008 8:45 pm
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Hi
It can also be where you give the company post dated cheques[payday]and they give you the cash there and then[for a fee]
Regards
Andam Davies
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angela18

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Post by angela18 » Tue Sep 02, 2008 8:45 pm
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i've put them as spam now.. so will go straight to junk mail.. where they belong
Ang.. 13 payments in.. WOW, thats over 20% paid!! http://angela18.blogs.iva.co.uk/ well here we go

if you wish for a rainbow... then you have to put up with the rain xx
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kallis3

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Post by kallis3 » Tue Sep 02, 2008 11:10 pm
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Best place for them Ang.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
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angelrainbow

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Post by angelrainbow » Wed Sep 03, 2008 7:03 am
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They are awful...heard about them on some consumer programme. I think the interest they charge is something silly like 200%
Completion Certificate received September 2012.
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LoneRanger

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Post by LoneRanger » Wed Sep 03, 2008 8:56 am
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Think you will find the interest is alot higher than that
Steve.

IVA approved!
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