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Being a loan shark

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    #11
    Here are some doorstop lenders with APR's that make your eyes water:

    (£250 loan over a few months)

    http://www.lenderscompared.org.uk/se...submit=Re-sort

    1069.0% how's that for a credit crunch.

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      #12
      Originally posted by NoddY View Post
      Here are some doorstop lenders with APR's that make your eyes water:

      (£250 loan over a few months)

      http://www.lenderscompared.org.uk/se...submit=Re-sort

      1069.0% how's that for a credit crunch.

      despite that being the highest APR, it's the joint lowest total repayment.
      Thats APR for you folks....
      Still Invoicing

      Comment


        #13
        Originally posted by blacjac View Post
        despite that being the highest APR, it's the joint lowest total repayment.
        Thats APR for you folks....
        That's because they are 14 and 16 week loans, compared to 6 months.

        APR gives the best indication of true cost like for like
        The court heard Darren Upton had written a letter to Judge Sally Cahill QC saying he wasn’t “a typical inmate of prison”.

        But the judge said: “That simply demonstrates your arrogance continues. You are typical. Inmates of prison are people who are dishonest. You are a thoroughly dishonestly man motivated by your own selfish greed.”

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