How to receive payday loan? Direct debit possible?
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Written on: 27.11.2009 [11:12]
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Norman
Norman
Topic creator
Posts: 1
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I was hoping to apply for a payday loan. Direct debit seems the easiest option for them to pay it directly in to your account but I heard that most of them give you a cheque. Is this true? Is this even worth it then as you have to wait 5 days for the cheque to clear….. |
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Written on: 29.11.2009 [11:41]
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Lewis
Lewis
Posts: 2
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I think there are some that just transfer the money in to your account. I think its mostly the online ones though. If you go in to a branch then they are more likely to give you a cheque as it would be hard for them to set up the facilities (time-consuming also) to transfer the money in to your account. Also don’t forget that many BACS transfers take 3 days also so a cheque is no longer that long. I can usually see the funds in my account after 3 days and use it on the 4th. |
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