Payday loan companies

[HardMichael]

The largest payday loan company in the UK, Quick Quid, has announced they are closing. It’s thought that the firm was facing up to 10,000 complaints from lenders regarding the firms practices.

Quick Quid follows Wonga and The Money Shop to the walk in recent years, with industry experts saying that government regulations causing significant reductions in the firms business and historic legal claims from customers racking up large compensation bills.

I doubt many people will bemoan the demise of companies flogging cash for very high interest rates but did these firms fulfil an important role, providing finance to people with bad credit and few savings? Or did their aggressive marketing create the demand and cause people who didn’t really need the money to apply for it? I always thought the adverts showing people paying for a new boiler or car part from a massive interest £150 until payday were a little far fetched.

Have any P&Bers ever taken out a payday loan? Did you appreciate the help or were you exploited?

Do any P&Bers fancy teaming up to offer loans for high interest? Failure to pay results in debtors being taken to Ruel st.

Can any P&Ber lend me a tenner? Just until next week.

 

[Adrward]

Seriosuly, I had the feeling of being exploited

 

[McLucas]

Even though it is extremely convenient and fast to apply for an instant payday loan, I've never taken out such loans. It seems like it traps you into a cycle of debt, because it requires higher rates. A friend of mine is a fan of such loans, and in one day some payday lenders brought lawsuits to collect his unpaid loans. Nevertheless, when it comes to money, I always chose to consult authorized and trustworthy companies. When I was looking for a transparent mortgage helper, Mortgage Advisor London company came to my help. They even guided me on government schemes, in order to get the most convenient deal. So, if you ever need their help, save their contacts.

 

[Jusantin]

Even though it is extremely convenient and fast to apply for an instant payday loan, I've never taken out such loans. It seems like it traps you into a cycle of debt, because it requires higher rates. A friend of mine is a fan of such loans, and in one day some payday lenders brought lawsuits to collect his unpaid loans. Nevertheless, when it comes to money, I always chose to consult authorized and trustworthy companies. When I was looking for a transparent mortgage helper, Mortgage Advisor London company came to my help. They even guided me on government schemes, in order to get the most convenient deal. So, if you ever need their help, save their contacts.

You're right! However, do you know where can I find some more feedback about their services?

 

[ronan]

All over the world, payday loans are one of the simplest and most comfortable tools that makes it possible to borrow small amounts for a short period. This is the most comfortable solution to financial problems. https://maybeloan.com/payday-loans/ga is a modern, convenient service that provides the service of issuing money to paycheck.