Skip to main content

Say No to Pay Day Loans

The content in this article may now be out of date. Please try searching for a more recent version.

With Christmas now just around the corner, everyone will be starting to get their last minute shopping to prepare for the big day. Some of us however, may be tempted to take out a 'Pay Day Loan' to help fund the festive period.

According to the Money Advice Service, more than a million people in fact will use a pay day loan to cover the cost of Christmas. This week (w/c 16th December), we will be talking about the dangers of pay day loans and providing help and advice on ways you can avoid taking one out.

If you're unsure on what a pay day loan is, check out our guide on what they are and the pitfalls they can produce here

If you have taken out a pay day loan or you want to avoid getting one, check out our hints and tips of ways you can help to manage your finances here

If you think you're going to struggle to pay your rent this Christmas, please don't hesitate to contact us on 0330 1234 034. A colleague from our Home Income Team can chat to you to see if there is anything we can do to help.

Share your experiences with Pay Day Loans with us on Facebook and Twitter