• Welcome to the LegalBeagles Consumer and Legal Forum.
    Please Register to get the most out of the forum. Registration is free and only needs a username and email address.
    REGISTER
    Please do not post your full name, reference numbers or any identifiable details on the forum.

350 pound a month on a payday loan.....

Collapse
Loading...
X
  • Filter
  • Time
  • Show
Clear All
new posts

  • 350 pound a month on a payday loan.....

    I had a payday loan back in January for 2000 needed to buy new car and sort things out in the house, I,m paying back 3500 at 350 a month for ten months. I,m coming up to my 7 month of paying and never missed although do struggle some months. do these loans get put n your credit report as I,m trying to get that in good shape to. ive got 3 and half months left and trying so hard not to miss a payment, just think its ridiculoius the amount they can charge but unfortunately some people don't have an option at the time.
    Tags: None

  • #2
    Re: 350 pound a month on a payday loan.....

    278% APR ouchy. But like you say, sometimes there's just no other option.

    You've done well to keep up the payments, if you took the loan out on those terms and having missed one then just keep on top of it now until the 10 months is up. Be nice finishing Oct/Nov as you'll have a little more cash in your pocket for over Christmas (well unless the HMRC want it of course ) It will show on your credit file but as its a short term loan rather than a payday loan it's not toooooo bad on the file.

    Who is the loan with?
    #staysafestayhome

    Any support I provide is offered without liability, if you are unsure please seek professional legal guidance.

    Received a Court Claim? Read >>>>> First Steps

    Comment


    • #3
      Re: 350 pound a month on a payday loan.....

      I,m sure hmrc will want some of it lol, but willing to pay it as long as they are happy.... I don't the loan in a shop where I live hes registred to do payday loans and short term loans, worst thing is he is a family friend too so I daren't miss a payment lol.... but it feels good to know I,m nearly finished and never again will I do it

      Comment


      • #4
        Re: 350 pound a month on a payday loan.....

        Good to hear.

        Could have been a whole lot worse - I was quite relieved to read your post - I had visions of a £100 wonga loan a year ago that'd gone mental and ended up in an arrangement - (trust me that's not as insane as it sounds!) so you've done really well xxx
        #staysafestayhome

        Any support I provide is offered without liability, if you are unsure please seek professional legal guidance.

        Received a Court Claim? Read >>>>> First Steps

        Comment


        • #5
          Re: 350 pound a month on a payday loan.....

          hahahah well its the one thing I have actually managed to keep on top of. at the mo lol. I had really bad credit for years and spent the last 9/10 months trying to rebuild it and I think its working as I have managed to get a catalogue never missed a payment and just recently a capital one cc only 200 limit (which I have given to my mum as its for emergencys) so really don't want the cabot thing with a ccj to bugger it up. I have worked hard these last 9/10 months and proud of myself just need to sort out the two other things hahah

          Comment


          • #6
            Re: 350 pound a month on a payday loan.....

            It would be a good idea for you to get a copy of your credit report from one of them like Experian. You have a statutory right to get this for £2 and you can order and pay online.

            Comment


            • #7
              Re: 350 pound a month on a payday loan.....

              why do I need it kafla ? sorry being thick

              Comment


              • #8
                Re: 350 pound a month on a payday loan.....

                It tells you what accounts appear and what detrimental data is being reported against you. That's what creditors see if they consider you, so it's useful to check occasionally what is being filed and to challenge anything that isn't correct.

                Comment


                • #9
                  Re: 350 pound a month on a payday loan.....

                  oh right I see thanks ill do that

                  Comment


                  • #10
                    Re: 350 pound a month on a payday loan.....

                    You could also have a look on Noddle, then its instant and free. Experian is a good idea for in depth checking (so do that too) but for a quick peek at whats being filed about you, Noddle is quite nifty.
                    #staysafestayhome

                    Any support I provide is offered without liability, if you are unsure please seek professional legal guidance.

                    Received a Court Claim? Read >>>>> First Steps

                    Comment


                    • #11
                      Re: 350 pound a month on a payday loan.....

                      Originally posted by flicky14 View Post
                      hahahah well its the one thing I have actually managed to keep on top of. at the mo lol. I had really bad credit for years and spent the last 9/10 months trying to rebuild it and I think its working as I have managed to get a catalogue never missed a payment and just recently a capital one cc only 200 limit (which I have given to my mum as its for emergencys) so really don't want the cabot thing with a ccj to bugger it up. I have worked hard these last 9/10 months and proud of myself just need to sort out the two other things hahah
                      Ahhh you sound so like me. I got a Very catalogue and a Cap One credit card to help rebuild my credit rating. Just be careful with the catalogue increasing your limit.

                      Funnily enough I have 3 kids too.
                      #staysafestayhome

                      Any support I provide is offered without liability, if you are unsure please seek professional legal guidance.

                      Received a Court Claim? Read >>>>> First Steps

                      Comment


                      • #12
                        Re: 350 pound a month on a payday loan.....

                        hahaha how strange is that could u look at my ie today plz if u have time, wanna get it off asap thank xxx

                        Comment

                        View our Terms and Conditions

                        LegalBeagles Group uses cookies to enhance your browsing experience and to create a secure and effective website. By using this website, you are consenting to such use.To find out more and learn how to manage cookies please read our Cookie and Privacy Policy.

                        If you would like to opt in, or out, of receiving news and marketing from LegalBeagles Group Ltd you can amend your settings at any time here.


                        If you would like to cancel your registration please Contact Us. We will delete your user details on request, however, any previously posted user content will remain on the site with your username removed and 'Guest' inserted.
                        Working...
                        X