Pay-day loans
I'm sure you've noticed, but money gets mentioned here a fair bit. Oxymoron time: I'm a bit obsessed with money. Not necessarily having it, but the idea of money, and how other people have managed to acquire it. Money and book related fact: one of my favourite books is How To Get Rich, by Donald Trump.
Getting rich can be achieved in a few different ways, and one of the best ways is to let someone borrow your money, and charge them interest. Interest equals profit.
If interest equals profit, these guys must be doing OK for themselves. PayDayUK offer payday loans for people who need money, and can't/won't wait until payday for it. It's a simple enough service: you fill in an application form online, and they'll give you an approval decision within a minute. Once you sign the online agreement, the money'll be debited to your account. Easy peasy.
If getting the money was easy, paying it back might be trickier. You essentially pay back a quarter of what you borrow. So, say you borrowed £400, you'd have to pay back £500 when pay-day came around. It sounds easy enough, but it's a steep interest rate considering how soon you'd have to pay the money back after you borrowed it. You'd be looking at 1355% APR on a 30 day loan.
So, if you really can't wait, and can't get interest free credit anywhere else, they're an option. A pricey option, though.
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