Payday loans

[The 90+2]

Anyone got a recommendation? Need to try and borrow between £100-£200 until the end of the month. Don't want extortionate rates to repay although I know I'm going to be hit with some charge.

Recommendations would be appreciated as pretty desperate.

Thanks

[CropleyWasGod]

Anyone got a recommendation? Need to try and borrow between £100-£200 until the end of the month. Don't want extortionate rates to repay although I know I'm going to be hit with some charge.

Recommendations would be appreciated as pretty desperate.

Thanks

If you've got time in hand, an interest free credit card might be a better option.

[The 90+2]

If you've got time in hand, an interest free credit card might be a better option.


Time's the thing I've not got mate. Sadly, thanks.

[stu in nottingham]

Anyone got a recommendation? Need to try and borrow between £100-£200 until the end of the month. Don't want extortionate rates to repay although I know I'm going to be hit with some charge.

Recommendations would be appreciated as pretty desperate.

Thanks

Another option is to pawn something. As well as loaning against something you can sometimes sell an item outright. Up-to-date electrical stuff, jewellery, musical instruments appear to fare pretty well.

There are one or two options that might be worth considering instead of a payday loan, selling an old phone or laptop, possibly requesting a payroll advance, a cash advance on a credit card, a personal bank loan etc.

If there is a longer term problem, the StepChange charity are pretty good.

https://www.stepchange.org/

[The 90+2]

Another option is to pawn something. As well as loaning against something you can sometimes sell an item outright. Up-to-date electrical stuff, jewellery, musical instruments appear to fare pretty well.

There are one or two options that might be worth considering instead of a payday loan, selling an old phone or laptop, possibly requesting a payroll advance, a cash advance on a credit card, a personal bank loan etc.

If there is a longer term problem, the StepChange charity are pretty good.

https://www.stepchange.org/


Thanks Stu, appreciated. Pawn might be the road to go down :aok:

[Billy Whizz]

Anyone got a recommendation? Need to try and borrow between £100-£200 until the end of the month. Don't want extortionate rates to repay although I know I'm going to be hit with some charge.

Recommendations would be appreciated as pretty desperate.

Thanks
Have you got a bank overdraft?

[The 90+2]

Have you got a bank overdraft?

No. My wages are paid in a way they won't give me one to my current account as I get direct payment into savings and transfer money as needs be. It's not something I usually need or entertain, just been left with very little for the next ten days sadly as gas d/d unexpectedly came off leaving me nowhere much to turn.

[Billy Whizz]

No. My wages are paid in a way they won't give me one to my current account as I get direct payment into savings and transfer money as needs be. It's not something I usually need or entertain, just been left with very little for the next ten days sadly as gas d/d unexpectedly came off leaving me nowhere much to turn.

Sad to hear, I’d still contact your bank, or give Citizens Advice a call
Good luck

[The 90+2]

Sad to hear, I’d still contact your bank, or give Citizens Advice a call
Good luck


Cheers Billy :aok:

[Santa Cruz]

I noticed an advert on the TV for this affordable loan place. No idea if they would process the loan quick enough for you though.

https://www.scotcash.net/our-loans/

Capital Credit Union may also offer more affordable quick loans.

[stu in nottingham]

I noticed an advert on the TV for this affordable loan place. No idea if they would process the loan quick enough for you though.

https://www.scotcash.net/our-loans/

Capital Credit Union may also offer more affordable quick loans.

'Affordable/Payday' loans will usually offer you almost instant loans wthin minutes. They are very alluring for those in need of quick money, definitely so. I see so many people get caught in the downward spiral of them though unfortunately.

Credit Unions are a sound idea and one that most people don't really know about or consider. They tend to need around a month of being registered to the union though.

[WeeRussell]

'Affordable/Payday' loans will usually offer you almost instant loans wthin minutes. They are very alluring for those in need of quick money, definitely so. I see so many people get caught in the downward spiral of them though unfortunately.

Credit Unions are a sound idea and one that most people don't really know about or consider. They tend to need around a month of being registered to the union though.

Agree - I’ve seen first hand how people can come to rely on them month-to-Month. But as a one-off for someone good at managing money who has just found themselves in a sticky unexpected position, the charge between now and the end of the month probably wouldn’t seem that bad.m

Im not sure how many of these companies exist in the traditional payday loan guise now? A lot of them went bust and paid minuscule percentages of compensation to people that had been given loans irresponsibly and, as a result, paid and/or were due loads to these companies.

I hope the OP gets sorted out. It might seem strange and awkward if something you haven’t done previously - but I wouldn’t be afraid to ask a friend or family member if they’d mind tiding you over for a week or two. You might be surprised how happy some are to help. Just offer them a pint as interest 👍

[SaulGoodman]

Be careful mate. I had a horrid time a few years ago where I took out a payday loan and ended up having to constantly take out a payday loan each month to cover the payments of the last one.

Without being nosey if the payday loan is to cover some sort of bill or finance you might be better phoning whoever you owe the money to and explaining that you can’t pay it this month. You’d be surprised how helpful they can actually be if you’re honest with them.

[Santa Cruz]

'Affordable/Payday' loans will usually offer you almost instant loans wthin minutes. They are very alluring for those in need of quick money, definitely so. I see so many people get caught in the downward spiral of them though unfortunately.

Credit Unions are a sound idea and one that most people don't really know about or consider. They tend to need around a month of being registered to the union though.

Agree with what you are saying. I'm not 100% sure but don't think it was the typical payday loan that you mention can lead to further longer term problems. It seemed to be a more affordable model but if the OP has limited options I just thought it may be worth exploring.

[Pretty Boy]

If you have a reasonable credit history a lot of mainstream/high street lenders start unsecured loans at pretty low amounts these days, I think about £1000 for most banks.

A mate of mine got a Tesco Bank loan recently for a new car and the interest rate was 2.7%. Obviously that was for more than £1000 but even at the lower amount amount between 7.5 and 14% isn't unrealistic over 18 or 24 months.

If you haven't already I would recommend you register with the likes of Experian and/or Credit Karma (part of Transunion). They offer a brokerage facility and will do soft searches to give a few offers, give you an idea of likelihood of acceptance, a figure for what you will repay monthly and the total charge for credit.

Not saying this is right for you but dealing with the likes of RBS or the Post Office is preferable to having to go down the route of Likely, Oakbrook and Provident imo.

[Oscar T Grouch]

I always try and look on this site for things like this

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

What I will say is I have gone down this route before and that was before the über extortionate interest rates came in, I went to a place on York Place and signed away my life a number of times, it is a slippery slope and while the companies who do there are not meant to push credit onto people they tend to still do it.

The best piece of advise I have seen on the thread so far, for a quick solution, is a pawnbroker. If you have a lump of gold or an asset that you can do without for a month or two then this will be the best way to go about getting quick cash. The rates most pawn brokers will give is decent enough but the penalties for late payments are harsh and can lead you to lose the item to their sales room. If it is a one off and you have something you can pawn, do that and pay the money back on time get your asset back and mark it down to experience. Good luck, I hope you get it sorted.

[Santa Cruz]

There's also the option of applying for a crisis loan, people who work are eligible. This used to be processed by the DWP but may be one of the benefits that Scot Gov have taken over.

[HUTCHYHIBBY]

I always try and look on this site for things like this

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

What I will say is I have gone down this route before and that was before the über extortionate interest rates came in, I went to a place on York Place and signed away my life a number of times, it is a slippery slope and while the companies who do there are not meant to push credit onto people they tend to still do it.

Watsons Personal Finance by any chance, absolute cowboys.

[G15 Hibs]

I'm not saying this necessarily applies to the OP, but if anyone's having financial worries they can speak to the Citizens Advice Scotland Money Talk Team on 0800 085 7145 for advice (https://moneytalkteam.org.uk/)

[stu in nottingham]

Many agencies such as CAB and StepChange have been extremely busy, particularly so since the pandemic causing extra hardship to people. It's important to contact them early as there might be a wait for advice.

Another charity that provides good support for people with debt problems:

https://www.nationaldebtline.org/

[overdrive]

I always try and look on this site for things like this

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

What I will say is I have gone down this route before and that was before the über extortionate interest rates came in, I went to a place on York Place and signed away my life a number of times, it is a slippery slope and while the companies who do there are not meant to push credit onto people they tend to still do it.

The best piece of advise I have seen on the thread so far, for a quick solution, is a pawnbroker. If you have a lump of gold or an asset that you can do without for a month or two then this will be the best way to go about getting quick cash. The rates most pawn brokers will give is decent enough but the penalties for late payments are harsh and can lead you to lose the item to their sales room. If it is a one off and you have something you can pawn, do that and pay the money back on time get your asset back and mark it down to experience. Good luck, I hope you get it sorted.

One thing I'd say about pawn shops is that many of them are in the pay day loan business too. I used to get my foreign currency from a high street pawnbrokers and they would always try to flog me their pay day loans at the same time. Whether they are meant to do that or not is a different matter. If they are doing that with their currency sales (where lets face it, if you are taking out foreign currency, you are unlikely to need a pay day loan at that point), god knows what they'd be like when someone was in pawning something.

[Oscar T Grouch]

Watsons Personal Finance by any chance, absolute cowboys.

It was, that name still brings chills down my spine, I spent a lot of time getting out the hole they helped me create!

[Oscar T Grouch]

One thing I'd say about pawn shops is that many of them are in the pay day loan business too. I used to get my foreign currency from a high street pawnbrokers and they would always try to flog me their pay day loans at the same time. Whether they are meant to do that or not is a different matter. If they are doing that with their currency sales (where lets face it, if you are taking out foreign currency, you are unlikely to need a pay day loan at that point), god knows what they'd be like when someone was in pawning something.

Yes unfortunately this is the case nowadays, the pawn industry has gone through a lot of not so good changes over the last decade or so. If you manage to just use their pawn services it is a good way of borrowing, if it is short term and you meet your obligations, sadly like most borrowing, if you miss your obligations you will be heavily punished for it.

[HUTCHYHIBBY]

It was, that name still brings chills down my spine, I spent a lot of time getting out the hole they helped me create!

I know the feeling! 🙁

[Crunchie]

Well folks I gave the guy an interest free loan of £200 over a 2 month period as he looked genuine, desperate and I didn't want anyone getting involved with pay day loan companies. I bailed out a family friend from their clutches and know the damage they can do.

The first payment was supposed to be the 28th without fail his words were, I've not seen a bolt. His faith in humanity was restored he said :faf:, mine isn't that's for sure.

I was reluctant to post this but what the heck I doubt he'll be back. He did say he was a computer whizz he's no doubt looking on with another id.

[WeeRussell]

Well folks I gave the guy an interest free loan of £200 over a 2 month period as he looked genuine, desperate and I didn't want anyone getting involved with pay day loan companies. I bailed out a family friend from their clutches and know the damage they can do.

The first payment was supposed to be the 28th without fail his words were, I've not seen a bolt. His faith in humanity was restored he said :faf:, mine isn't that's for sure.

I was reluctant to post this but what the heck I doubt he'll be back. He did say he was a computer whizz he's no doubt looking on with another id.

F sake crunch, that was a kind and trusting gesture from you in the first place.

If I’m thinking of the right poster, he was going through a **** time of it more generally. I’m in no way making excuses for the guy but just hoping for your sake he’s just buying a bit more time rather than bumping you completely.

I think he’s usually a fairly frequent poster so it is a bit alarming… although I was forgetting February being a short month, so not as long as I was thinking.

Still no right though, and for all our disagreements on some subjects, I really hope you get your cash back 👍

[Crunchie]

F sake crunch, that was a kind and trusting gesture from you in the first place.

If I’m thinking of the right poster, he was going through a **** time of it more generally. I’m in no way making excuses for the guy but just hoping for your sake he’s just buying a bit more time rather than bumping you completely.

I think he’s usually a fairly frequent poster so it is a bit alarming… although I was forgetting February being a short month, so not as long as I was thinking.

Still no right though, and for all our disagreements on some subjects, I really hope you get your cash back ��
:aok: A wee note from him would have been good if he was struggling, he signed in on the 28th after all, but there you go, there's no fool like an old fool :greengrin

[WeeRussell]

:aok: A wee note from him would have been good if he was struggling but there you go, no fool like an old fool :greengrin

Absolutely. Again, not trying to defend anyone.. just more in hope that you still get your dough.

From experience of being due cash in the past, more than once I’ve had silence and excuses and still got the money in the end. And that’s from people I know!

I appreciate it’s easier for people you don’t know to screw you over having said that…

Fingers crossed for a repayment and apology shortly, crunchie

[Crunchie]

Absolutely. Again, not trying to defend anyone.. just more in hope that you still get your dough.

From experience of being due cash in the past, more than once I’ve had silence and excuses and still got the money in the end. And that’s from people I know!

I appreciate it’s easier for people you don’t know to screw you over having said that…

Fingers crossed for a repayment and apology shortly, crunchie
The money's not that important to me mate it's more the being shafted :greengrin. I'll square it off in my head no bother and thanks for the kind words :aok:
I'd had a few whiskies that night and felt sorry for the guy, you think I'd know better at my age lol.

[McD]

The money's not that important to me mate it's more the being shafted :greengrin. I'll square it off in my head no bother and thanks for the kind words :aok:
I'd had a few whiskies that night and felt sorry for the guy, you think I'd know better at my age lol.


I know you’re a touch being self deprecating, but it’s genuinely heartening to see someone reaching out to a stranger to offer help, and I hope you’re not giving yourself too much of a hard time

As Russell has said, I hope they reappear soon with a sincere apology and your money


either way, well done on being a decent human being with compassion and empathy

[Crunchie]

I know you’re a touch being self deprecating, but it’s genuinely heartening to see someone reaching out to a stranger to offer help, and I hope you’re not giving yourself too much of a hard time

As Russell has said, I hope they reappear soon with a sincere apology and your money


either way, well done on being a decent human being with compassion and empathy
Thanks mate :aok: I'm off to bed after one too many more whiskies again GGTTH

[Bostonhibby]

Thanks mate :aok: I'm off to bed after one too many more whiskies again GGTTHGood gesture on your part, and for all the right reasons.

Whatever the motives or the outcome, at this point you're the better person. Hopefully there's a good outcome for all concerned.

Sent from my SM-A750FN using Tapatalk

[Danderhall Hibs]

The money's not that important to me mate it's more the being shafted :greengrin. I'll square it off in my head no bother and thanks for the kind words :aok:
I'd had a few whiskies that night and felt sorry for the guy, you think I'd know better at my age lol.

Well done to you mate. Some folk just have no morals.

[Allant1981]

Fair play for giving someone you dont know a loan of money, not sure id have been so trusting, hopefully you get it back

[CropleyWasGod]

Does anyone know how the OP is?

[ronaldo7]

Does anyone know how the OP is?

With over 17k posts, they've been here for a while. I'd rather give them the benefit of the doubt, and say they were trying to get things sorted, but should have contacted Crunchie to make him aware.

Let's hope this is the case, and everyone gets sorted.

[Santa Cruz]

With over 17k posts, they've been here for a while. I'd rather give them the benefit of the doubt, and say they were trying to get things sorted, but should have contacted Crunchie to make him aware.

Let's hope this is the case, and everyone gets sorted.

Glad you posted this, was thinking the same. Could be any number of reasons the OP has delayed contact returning the really kind gesture to Crunchie.

[Hiber-nation]

With over 17k posts, they've been here for a while. I'd rather give them the benefit of the doubt, and say they were trying to get things sorted, but should have contacted Crunchie to make him aware.

Let's hope this is the case, and everyone gets sorted.

Somebody on here must know him. I hope he's ok.

[SaulGoodman]

Posted frequently and regularly right up until the 27th which is a bit concerning.

[WhileTheChief..]

The money's not that important to me mate it's more the being shafted :greengrin. I'll square it off in my head no bother and thanks for the kind words :aok:
I'd had a few whiskies that night and felt sorry for the guy, you think I'd know better at my age lol.

I did the same and sent him £150.

Feel like a right arse now.

[AugustaHibs]

Chancing ****.


Hopefully someone knows him and can out him on here.

Whether he needs more time or not isn’t a ****ing excuse to go silent.

Karma and all that.