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Posted: Tue Sep 02, 2008 8:24 pm
by angela18
I keep getting emails from payday loans.. what are they? not that I want one!!!
Posted: Tue Sep 02, 2008 8:42 pm
by MelanieGiles
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.
Posted: Tue Sep 02, 2008 8:45 pm
by Adam Davies
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
Posted: Tue Sep 02, 2008 8:45 pm
by angela18
i've put them as spam now.. so will go straight to junk mail.. where they belong
Posted: Tue Sep 02, 2008 11:10 pm
by kallis3
Best place for them Ang.
Posted: Wed Sep 03, 2008 7:03 am
by angelrainbow
They are awful...heard about them on some consumer programme. I think the interest they charge is something silly like 200%
Posted: Wed Sep 03, 2008 8:56 am
by LoneRanger
Think you will find the interest is alot higher than that