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10th July 2008, 12:15
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#1
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Contractor Among Contractors
Join Date: Aug 2007
Posts: 1,967
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Robbery!
Saw an advert on Facebook for "Payday Loans". They charge £20 per £100 borrowed. Am I right in thinking if I borrowed 2 weeks before payday then repayed the day it was due it'd represent an annual interest rate of 520%? 
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Quote:
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Originally Posted by Liability
if you cant you arent no where as good as you should be.
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10th July 2008, 12:18
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#2
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Godlike
Join Date: Jul 2005
Posts: 9,696
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Quote:
Originally Posted by DiscoStu
Saw an advert on Facebook for "Payday Loans". They charge £20 per £100 borrowed. Am I right in thinking if I borrowed 2 weeks before payday then repayed the day it was due it'd represent an annual interest rate of 520%? |
Yes.
For some people, it's the only way they survive.
Have you looked inside a Cash Converters (pawn brokers) lately? The places are heaving with Chavs selling/pawning their every possession.
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"When a true genius appears in the world, you may know him by this sign, that the dunces are all in confederacy against him." Jonathan Swift
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10th July 2008, 12:21
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#3
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More time posting than coding
Join Date: Jan 2006
Posts: 382
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Quote:
Originally Posted by DimPrawn
Yes.
Have you looked inside a Cash Converters (pawn brokers) lately? The places are heaving with Chavs selling/pawning their every possession.
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Excellent. Does that mean there's some cheap tat on sale then? |
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10th July 2008, 12:22
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#4
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Better than AtW
Join Date: Jul 2005
Posts: 11,361
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There are good bargains to be had in pawn shops - also Oxfams in posh areas are good for books
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10th July 2008, 12:23
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#5
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Super poster
Join Date: Jul 2005
Location: Effen, Scotland
Posts: 3,482
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Quote:
Originally Posted by DimPrawn
Yes.
For some people, it's the only way they survive.
Have you looked inside a Cash Converters (pawn brokers) lately? The places are heaving with Chavs selling/pawning their every possession.
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and some other peoples'
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When you see a sign threatening customers with prosecution if they abuse staff, you can be sure you're in a place where the service is lousy.
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10th July 2008, 12:23
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#6
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Godlike
Join Date: Jul 2005
Posts: 9,696
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Quote:
Originally Posted by KentPhilip
Excellent. Does that mean there's some cheap tat on sale then?
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I was looking for a car stereo, but they don't sell them (cos they is all nicked 'innit). Nearly got crushed by the queue for pay day loans and those pawning their chunky chains and hi-fi's.
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"When a true genius appears in the world, you may know him by this sign, that the dunces are all in confederacy against him." Jonathan Swift
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10th July 2008, 13:11
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#7
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Should try harder
Join Date: Dec 2006
Posts: 174
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Quote:
Originally Posted by DimPrawn
Yes.
For some people, it's the only way they survive.
Have you looked inside a Cash Converters (pawn brokers) lately? The places are heaving with Chavs selling/pawning their every possession.
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I thought Chav Converters was its proper name?!
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10th July 2008, 13:27
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#8
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Fingers like lightning
Join Date: Aug 2006
Location: Somewhere, over the rainbow. Way up high.
Posts: 810
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Quote:
Originally Posted by KentPhilip
Excellent. Does that mean there's some cheap tat on sale then?
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Check out Marillion Fans tat shop....
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Illegitimus non carborundum est!
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10th July 2008, 13:29
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#9
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Contractor Among Contractors
Join Date: Apr 2007
Location: Berkshire
Posts: 1,149
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Quote:
Originally Posted by DiscoStu
Saw an advert on Facebook for "Payday Loans". They charge £20 per £100 borrowed. Am I right in thinking if I borrowed 2 weeks before payday then repayed the day it was due it'd represent an annual interest rate of 520%? |
That's an incentive to live within your means!! However, credit cards can be used to borrow short term and cheaply if you pay off the balance every month as I do.  |
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10th July 2008, 13:29
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#10
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Contractor Among Contractors
Join Date: Jul 2005
Location: Behind you
Posts: 1,424
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Quote:
Originally Posted by Flubster
Check out Marillion Fans tat shop....
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Oh dear...
http://www.monkeytrading.co.uk/default.asp
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ITº¤ø,¸¸,ø¤ºCONTRACTOR¤ø,¸¸,ø¤ºHIGHLY¤ø,¸¸,ø¤º BORED º¤ø,¸¸,ø¤ºAGAINº¤ø,¸¸,ø A+++++º¤ø
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