thread: Cash Loans?

  1. August 31st, 2009, 08:48 AM #1
    Tadpole
    Registered User


    Jul 2009
    Melbourne
    31

    Question Cash Loans?

    Has anyone ever taken a cash loan from a place like Cash Converters Financial loans? Just to tide them over? I need a few hundred dollars quickly and a cash loan seems to be my only option. My concern is that I can't pay it back in 1 lump sum, I'd have to pay it back weekly.
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  2. August 31st, 2009, 10:05 AM #2
    Visitor8
    Registered User


    Jun 2008
    Tassie
    2,567

    DONT DO IT!

    The intrest on those 'cash loans' are rediculous. You HAVE to pay it weekly, and you end up paying something like 35% interest by the end of it.
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  3. August 31st, 2009, 10:07 AM #3
    DoubleK Guest

    i know of people who rely on cash converters to get them through.. they get monthly pay, and are terrible at budgeting. im not sure how repayments work.. but i think its very high interest.
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