Robbery!

[Sausage Surprise]

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%?

Repaid.....an old favourite that one

[Archangel]

"punds till payday" based in Malta charge 2,255%

[Archangel]

or "Early Pay Day loans"

Borrow £320 for 1 week, pay back £400

APR - 2,639,385.9%

Over two million percent!!!!!!!

Makes Lloyds TSB unathorised overdraft look a bargain

[DimPrawn]

or "Early Pay Day loans"

Borrow £320 for 1 week, pay back £400

APR - 2,639,385.9%

Over two million percent!!!!!!!

Makes Lloyds TSB unathorised overdraft look a bargain

The sort of people who use these facilities would not be allowed an overdraft, probably wouldn't even be allowed a bank account.

Remember too a lot of them borrow £320 and then don't pay back anything.

[Diver]

The sort of people who use these facilities would not be allowed an overdraft, probably wouldn't even be allowed a bank account.

Remember too a lot of them borrow £320 and then don't pay back anything.

Er! so how do I go about doing that then?

<Diver in plan B mode>

[TheBigYinJames]

Er! so how do I go about doing that then?
<Diver in plan B mode>

Easy to do once, the trick is to do it over.. and over.. and over again

[chef]

posh chsrity shop near me in Didsbury, Manchester had a box full of Sinclair ZX Spectrum, Atari ST, Commodore 64, PS1, Atari Lynx, N64, Mega Drive and games for all of them.

Looks like some geeks girlfriend had a clear out whilst he was away.

Picked it all up for a fiver!!

arse arse arse

after reading this and having a look around the "cupboard of death" (open it and catch whatever falls out) for Colin Mcrae it was surpisingly clean, organised and clutter free.. turns out g'friend chef has "got rid of all them old computer's you never use, they were all dusty"..... Sinclair ZX Spectrum, Atari ST, Commodore 64, PS1, Atari Lynx, N64, Mega Drive all been given away to charity while I was in Singapore.. manic miner, chuckie egg, Mario world, sonic among many more.. gone.. gutted..

yeah yeah thanks for the reminder..

[rootsnall]

It does still dumbfound me that people are thick enough to take out these loans and can't think one month ahead

What is even more confusing is seemingly more intelligent people running a permanent credit card debt and paying out 30%pa on quite a few grand

[Xenophon]

It does still dumbfound me that people are thick enough to take out these loans and can't think one month ahead

What is even more confusing is seemingly more intelligent people running a permanent credit card debt and paying out 30%pa on quite a few grand

Peeple ar deffinitateally stoopid.

[Spacecadet]

yeah yeah thanks for the reminder..

no probs

Did you manage to hit your deadline last week?