Log Book Loans

[shoes]

They can't do maths. Some of them think a high rate is a good thing. I sht you not. People are stupid.

[sasguru]

Atw, on the back of your Pug 306, I will lend you £100 for Christmas payable back at £50 per month for 12 months. You see 100 is greater than 50, you can't lose.

[PerlOfWisdom]

log book

I wonder how much I could get for my log book. It has square roots and sin and everything.

[Alf W]

h ttp:/ /paydayuk.co.uk

Log book loans are playing at it. Heard these advertised on the radio the other day. Typical APR 1355% (yes one thousand three hundred and fifty five percent)!

[DimPrawn]

I've just registered www.kidneyloans.co.uk

Basically I'll lend up to £1000 per kidney at 10,000% APR. Miss a payment and your kidney is removed and sold to a rich American.

Don't forget folks, you have two kidneys and CCJ's welcome.

[BoredBloke]

I've just registered www.kidneyloans.co.uk

Basically I'll lend up to £1000 per kidney at 10,000% APR. Miss a payment and your kidney is removed and sold to a rich American.

Don't forget folks, you have two kidneys and CCJ's welcome.

Well my wife has three but one is her mums

[Denny]

Maybe they have a harmless coke habit to feed?

That remark, posted on this particular thread, is tantamount to 'dealing' to hapless victims who are determined to stay clean rather than hang out with the junkie crowd on the Sandy thread.

You should be locked up.

[MrRobin]

ht tp://paydayuk.co.uk

Log book loans are playing at it. Heard these advertised on the radio the other day. Typical APR 1355% (yes one thousand three hundred and fifty five percent)!

Mental. They try to 'justify' this extortion by saying that a £25 bank charge on going £5 over on your overdraft is infact 147359739444%APR so they are a much cheaper option. What a croc.

[Alf W]

http://news.bbc.co.uk/1/hi/business/7155642.stm

A loan firm has come under fire after charging one client an annual interest rate of more than 2.6 million per cent.
An unnamed woman in York took out a one week loan for £320 with the firm Early Pay Day Loans, which attracted £80 in interest over the seven-day period.

When the cost of the credit was calculated over a 12-month period, the annual percentage rate (APR) worked out at 2,639,385.9%.

Early Pay Day Loans insists that its charges are "competitive".

I think a big light just came on re Plan B.