The reason why cashback is not how to an interest-free loan

The reason why cashback is not how to an interest-free loan

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As you can plainly see, some of the best provides here are big levels of cash. PaydayUK is actually really keen on going down the cashback course, offering the best rate for each of three web sites i have viewed.

I asked Payday UK exactly why they had taken this process. It responded: “we have been devoted to financing only when appropriate nor believe cashback offers convince visitors to sign up for inappropriate debts. Rather they assure we always supply the subscribers probably the most aggressive coupons in addition to most useful services offered.a€?

With offers as much as A?50, it might be tempting to consider cashback in order to see component or all of the interest and expense on a quick payday loan purchased cost-free. Most likely, borrow A?100 from PaydayUK nowadays, pay they within 31 period and you will pay A?29 in interest and fees. However you could earn A?50 cashback via Quidco.

But the Quidco money wont come through for 180 times therefore it will not be offered to repay the borrowed funds. If you cannot find the revenue, the interest and expense will soon starting setting up upwards.

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