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    Recommended Reviews - Cheque Centre

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    15 years ago

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    Cheque Centre - Motherwell

    Cheque Centre - Motherwell

    (4 reviews)

    Motherwell

    As soon as I saw the sign 'pay day advances', I knew the Cheque Centre was a bad idea. Motherwell…read moreisn't exactly an affluent area; many people are unemployed having lost their jobs in the recession,many people are just unemployed through laziness or drink related issues. This place offers short term loans to 'bridge the gap between pay days'. It sounds so simple: borrow some money, and pay them back when you get paid. Easy. However, in the small print, it tells you about the important factor- the interest. If you borrow 500 then you pay back 650. Unlikely to be affordable if you are working a regular, minimum wage job! They also do foreign currency, and cheque cashing, meaning you don't hve to wait on your bank processing the cheque, you get the money straight away, there and then. Again though, it will cost you. They charge a cheque handling fee and a percentage of the cheque. So you may as well wait and get your full amount. Yet another terrible idea, allowing vulnerable people to spiral into even more debt in hard times.

    HI Just to add an…read moreactual insite into cheque centre, as obviously person below doesnt know the truth. A Pay Day Advance limit is set on your wage you receive, a person going into this shop and earning a minimum wage would obviously not be offered anything they could now afford, ie. offered £500 loan when they only earn £700, there is a strict policy that is adhered to define the loan amount. Loads of people find this a very helpful service as if you wish to borrow £100 you only pay £20.48 interest on this, this is lower than the £56 interest on a Provident loan. As for cheques, some people dont want these placed in there accounts, and you make it sound bad with the whole handling fee and percentage you never stated that handling fee was only £1 and a percentage is negotiable to help the customer. Currency is the best on the high street!!

    Cheque Centre - paydayloans - Updated May 2026

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