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Posted by: Andy E on 2009-10-18, 12:33:58
Pay day loans are extremely expensive as a form of borrowing, and unless you can clear them the next month - which is easier said than done, you end up just covering the interest. The cost is around £25 per £100 borrowed, so if you were to borrow £300 the repayment, the next month, would be £375. You would be better off with trying at one of the specialist lenders, such as Provident - redo.me.uk/ provident who specialise in bad credit loans in the UK. |