Pay Day Loans – short term solution, long term nightmare!


ImageIf someone asked my advice about Pay Day loans it would be “AVOID! AVOID! AVOID! “

We’ve all seen the advertising – slogans such as ‘Why wait ‘till pay day to have fun?!’, pictures of smiling faces in holiday mode, waving larges wads of cash about. Pay day loans – convenient and hassle-free, no boring credit checks and the money’s in your account the same day. They’re great aren’t they?

Obviously most of us realise the reality is quite different. As a Money Adviser I am dealing with more and more Pay Day loan misery and even though the industry has been forced to  clean up its act many of the same problems still exist – astronomical interest rates, late payment penalties, loans rolled over, offers of more money, bank accounts cleared and underhand tactics.

Typically, a borrower will borrow £200.00 and agree to repay around £260.00 in 28 days’…

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About thepositivevoice

We originally set out to advocate and campaign for and on behalf of people living with HIV in Greater Manchester. But we chose to slightly change our name by adding beyond. Therefore our name is Greater Manchester & Beyond of People Living With HIV & AIDS. Cause there are many issues that affects people living with HIV we now look ate other health and social care issues that will affect people living with HIV in their everyday lives. For the purpose of this site we have chosen a strap-line name hence our user name here - this is of course "thepositivevoice". The reason for this is often the issues that affect us can be quite daunting and discriminatory to our very existence. So whatever negative we hear and see - we endeavour to turn that into a positive. There are many examples where a negative has turned into a positive and one of those example is the term "Queer" - well that is also quite interesting as some people in the lesbian and gay community don't like that very word - some have decided to own it. Therefore any person that calls another person (the example here) queer - some gay people will reply yes we are. As time moves on and I as the author of this blog - information will be never-ending. So watch this space.
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