Payday Loans

Payday Loan debt

Payday loans are deliberately designed to be easy for you to borrow money, but they should only be used as a last resort, as the costs will generally be the worst rates you can possibly borrow at.

Although they might look like a quick fix over a very short period, think what might happen next week, and the week after that, when your money is then being used to pay back last week’s debt, together with the costs and interest they will have applied.

We recommend that payday loans should be avoided as they can put your finances into a downward spiral, that will prove impossible to get out of.

Have a look at types of debt: