If you are reading this you have been redirected by Leeds City Council from a payday lenders website. We have done this because payday lenders, although offering a quick source of cash, often cause greater financial problems.
If you can't pay on the due date, they will roll the loan over for up to 3 months, but they'll then hit you even harder in the pocket.
A typical payday loan from a prominent payday lender of £200 over 30 days would cost £248 to repay in one lump sum. If you have to roll it over for up to 2 months, your debt will rise to £382.
There is an alternative
A payday loan from LCCU of £200 over 30 days would cost £206 to repay in one lump sum. If you have to roll it over for 2 months the debt will rise to £218. Isn’t that what’s called a “no brainer!”
If you are having money problems, details of sources of free, independent local advice can be found via the Money Information Centre.