The founder of a major provider of short term loans has come forward to deny claims that the payday advance lender was nothing but a ‘legalised loan shark.’
Category Archives: Debt & Bankruptcy
Neither a borrower nor a lender be? Not in this economy
While ‘neither a borrower nor a lender be’ might have been good advice for Laertes, he didn’t have to worry about choosing between getting his Vauxhall Astra fixed or pay the rent on his flat this month – if he were about today, there’s no doubt he’d be asking Polonius for a few quid to hold him over to his next pay period.
Don’t get trapped by debt – practice responsible borrowing
You’re not likely to hear this from most payday lenders, so make sure you’re sitting down: don’t come to us for a loan if you can’t repay it.
So what happens if you don’t repay a payday loan?
The funds you can receive from payday loans differs from those that you get from traditional high street lending sources, such as bank loans, credit cards, and overdrafts, because they’re meant to be short term solutions and because the fee and interest rate structure is completely different.
