Wonga.com, Payday loans and others...

Yes they are loan sharks etc etc but has anyone actually used them? And which company?

Thanks in advance

34 Comments

Is the car insurance business not paying you well enough then?

Money Saving Expert has a good breakdown on them..

Basically.. If you're gonna use them purely short-term and you can guarantee you can pay it back, it's pretty handy for allot of people..

I personally wouldn't use them. But can see how handy they would be for some if they just needed money for 4-7 days.

Banned

DON'T DO IT!

Banned

dont you have like top of the range laptops? dude avoid this stuff.... just wait for your payday.

should be banned.Avoid!

do NOT touch them with a bargepole! m8 contacted them for a short term loan-part of the process is that you have to give them your mobile number for them to text you a code to process the loan. He paid it off at the allocated time no problem-has since been BOMBARDED with phonecalls at home and on his mobile from every dodgy loan company in britain! And Im talking about 3/4 calls every day for weeks!

Banned

If it got to the point I had to use one of these companies, I'd probably just kill myself.

Original Poster

My pay day is in 5 days and need to pay off a bill asap. I know interest rate is ridiculous but the loan would be very short term. Also would it help my credit file having paid it off??

vibeone

If it got to the point I had to use one of these companies, I'd probably … If it got to the point I had to use one of these companies, I'd probably just kill myself.



+1-its legalised loan sharking-simply cant understand why they are allowed to operate,or why someone doesnt just burn every branch of brighthouse to the ground-they just prey on the poor and desperate-its disgraceful imho.

ele-font

My pay day is in 5 days and need to pay off a bill asap. I know interest … My pay day is in 5 days and need to pay off a bill asap. I know interest rate is ridiculous but the loan would be very short term. Also would it help my credit file having paid it off??



they wont wait 5 days?? is it the kray brothers or big rick? what kind of company wont wait 5 days if you explain the circumstances?

Banned

ele-font

My pay day is in 5 days and need to pay off a bill asap. I know interest … My pay day is in 5 days and need to pay off a bill asap. I know interest rate is ridiculous but the loan would be very short term. Also would it help my credit file having paid it off??



Talk to the people you owe the money to first. It will take a lot longer for them to take you to court than for them to give you a few extra days. You'd be amazed how cool people are in this climate!

Original Poster

Council tax - already spoke to them and they need urgent payment made otherwise they want the Whole amount..

So there's nothing positive about these companies?
Was just curious to know if anyone had actually used them.

Banned

ele-font

Council tax - already spoke to them and they need urgent payment made … Council tax - already spoke to them and they need urgent payment made otherwise they want the Whole amount..So there's nothing positive about these companies? Was just curious to know if anyone had actually used them.



If it's council tax, it'll take them ages to do anything about it! Keep quite, pay it when you can (but as soon as you can) and leave it at that.

ele-font

Council tax - already spoke to them and they need urgent payment made … Council tax - already spoke to them and they need urgent payment made otherwise they want the Whole amount..So there's nothing positive about these companies? Was just curious to know if anyone had actually used them.



well,there isnt anyone in the council finance department saturday or sunday so if you are paid on tuesday its OUTRAGEOUS if they cant wait til then! unless you have reneged on some previous arrangement I just dont understand why they are being so unreasonable.

ele-font - general opinion is on moneysavingexpert, ONLY use if it's short term (1 week at most) and can guarantee you will pay it back.. As for most, it's can be less than occurring overdraft fees. So if over say 3 days, it can be a much cheaper option.

Don't listen to anyone on here... Go post on moneysavingexpert, guys are far more knowledgeable and don't get up on there high horse about these type of things.

Short term sensible lending fine.. Long term, absolute nightmare and will cripple you.
Edited by: "spritey" 28th Oct 2010

I would ask family or friends to help, no one would like to see you use them companies

Banned

spritey

ele-font - general opinion is on moneysavingexpert, ONLY use if it's … ele-font - general opinion is on moneysavingexpert, ONLY use if it's short term (1 week at most) and can guarantee you will pay it back.. As for most, it's cheaper that occurring overdraft fees.Don't listen to anyone on here... Go post on moneysavingexpert, guys are far more knowledgeable and don't get up on there high horse about these type of things.Short term sensible lending fine.. Long term, absolute nightmare and will cripple you.



And don't listen to Stripey OP - he obviously has a grudge to bare!

Oh yeah.. You can get cashback to from some payday loan lenders..

Banned

spritey

ele-font - general opinion is on moneysavingexpert, ONLY use if it's … ele-font - general opinion is on moneysavingexpert, ONLY use if it's short term (1 week at most) and can guarantee you will pay it back.. As for most, it's can be less than occurring overdraft fees. So if over say 3 days, it can be a much cheaper option.Don't listen to anyone on here... Go post on moneysavingexpert, guys are far more knowledgeable and don't get up on there high horse about these type of things.Short term sensible lending fine.. Long term, absolute nightmare and will cripple you.



MSE Don't get on their high horse about these things because they're all as bad as each other.

The clientele on this forum is at least a mixture of rich and well... you know.. THEM.

MSE users put their current debt level in their forum signatures. Thats the kind of people you're dealing with - they're not even ashamed.

Banned

vibeone

MSE Don't get on their high horse about these things because they're all … MSE Don't get on their high horse about these things because they're all as bad as each other.The clientele on this forum is at least a mixture of rich and well... you know.. THEM.MSE users put their current debt level in their forum signatures. Thats the kind of people you're dealing with - they're not even ashamed.



Really? Now that's funny! X)

Couldn't you send the council tax a cheque, Ring them and say that the cheque is in the post (get a proof of postage or even recorded delivery to show date sent) They won't get it until monday if you send it tomorrow and if they bank it monday it will take a couple of days to clear. That would be best way to do it. OR if they insist payment recieved by tomorrow take a cheque into your council offices, they wouldn't bank it until close of business which means it still shouldn't be clear until tue.

Poor advice from spritey, using these loan companies is like opening up the doors of hell, not worth the hassle.

The fact is - used sensibly and as a short term solution... Payday loans are fine.

If you decide to let it go longer term, taking their "rollover" offers.. Then you're going to get burnt..

Providing you know what they are, exactly what you should use them for.. I see no problem..

Banned

dcx_badass

If you want a laugh go look in their I'm Bankrupt section and debt free … If you want a laugh go look in their I'm Bankrupt section and debt free wannabe's.



Yeah it's a real horror show. I nearly feel sorry for them... Then I just laugh and pity them instead.

Banned

dcx_badass

If you want a laugh go look in their I'm Bankrupt section and debt free … If you want a laugh go look in their I'm Bankrupt section and debt free wannabe's.



OK, this is news to me - people actually go on a forum and declare they are bankrupt?
Jebus! X)

If I was bankrupt, I wouldn't even have the energy to antagonise HUKD users!

What i'm saying is true though, it's only people stupid enough to put themselves in the position of long term lending via payday loan companies that ruin the concept.. Which is their own fault.. Nobody is forcing them to take the money..

I've got no loans, neither has my wife.. Only debt we've got is on my credit card (£200), i only keep that on their to pay min payments and keep my credit rating high.. I think it's silly when people blame these companies for the state of peoples finances, they provide a service, it's morons who take the money not understanding the consequences.
Edited by: "spritey" 28th Oct 2010

tinkerbell28

Seriously if you are behind this month, your going to be behing next … Seriously if you are behind this month, your going to be behing next month, with these stupid fees on top and the vicious cycle begins.Al least be behind without starting the cycle of stupid fees, let the council wait.



absolutely-councils may be strapped for cash,but the idea that they cant wait til tuesday for a bill to be paid is utterly insane! call them tomorrow-tell them you will pay on tuesday and thats it-if they start threatening to demand the whole amount,ask to speak to a manager,and then ask them to confirm in writing that they cannot wait 5 days for payment and are demading the whole amount because of this.

How much is it?

dcx_badass

If you want a laugh go look in their I'm Bankrupt section and debt free … If you want a laugh go look in their I'm Bankrupt section and debt free wannabe's.



lmao epic

saw this in debt free wannabe. Troll or not? lol

Basically, a few years ago the bank put 20k into my account by mistake. I took it out and spent it, 6 months later they asked for it back, i told them havent got it, i was on the dole and counlt give it them back.

We came to an agreeement for me to pay £7 a week, which i have never payed and they have never contacted me since, will i be able to statue barr it in a few years or not? I have a cc and really want to get rid of it

thanks

Edited by: "numptyj" 28th Oct 2010

lmao, surely that's not real

barky

+1-its legalised loan sharking-simply cant understand why they are … +1-its legalised loan sharking-simply cant understand why they are allowed to operate,or why someone doesnt just burn every branch of brighthouse to the ground-they just prey on the poor and desperate-its disgraceful imho.



Is it just me or do the brighthouse girls look as if they have a frozen grin on their faces out of fear of broken bones rather than happiness? (_;)

This thread gone dead because everybody is reading the bankrupt section of MSE?

There's a troll thread on there, thought it was somewhere for trolls to go and make comments, it's not.

Banned

trog0

Is it just me or do the brighthouse girls look as if they have a frozen … Is it just me or do the brighthouse girls look as if they have a frozen grin on their faces out of fear of broken bones rather than happiness? (_;)



I love bright house lol.

HEY - HAVE YOU GOT NO MONEY?!?!? WHAT YOU NEED IS AN IPHONE AND A NEW TV!!

vibeone

I love bright house lol.HEY - HAVE YOU GOT NO MONEY?!?!? WHAT YOU NEED IS … I love bright house lol.HEY - HAVE YOU GOT NO MONEY?!?!? WHAT YOU NEED IS AN IPHONE AND A NEW TV!!



If we walked around with grins like that we would get sectioned
Edited by: "trog0" 28th Oct 2010
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