Originally posted by speling bee
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Wonga to pay £2.6m in compensation for 'unfair and misleading' practices
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Always forgive your enemies; nothing annoys them so much. -
Originally posted by vetran View Postthe fee for the loan would be the profit. The interest rate covers the cost to the lender of borrowing the money and little profit.The material prosperity of a nation is not an abiding possession; the deeds of its people are.
George Frederic Watts
http://en.wikipedia.org/wiki/Postman's_ParkComment
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Originally posted by speling bee View PostBut for £500 loaned over three weeks, nobody could charge 20% APR + base with no fee.
#firstworldproblemsSocialism is inseparably interwoven with totalitarianism and the abject worship of the state.
No Socialist Government conducting the entire life and industry of the country could afford to allow free, sharp, or violently-worded expressions of public discontent.Comment
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Originally posted by MicrosoftBob View PostOh dear they'd have to go to a credit union and not be faced with extortionate fees, the horror the horror
#firstworldproblemsThe material prosperity of a nation is not an abiding possession; the deeds of its people are.
George Frederic Watts
http://en.wikipedia.org/wiki/Postman's_ParkComment
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Originally posted by speling bee View PostI didn't realise credit unions did three week loans. I do have a soft spot for them so that's good to know.Socialism is inseparably interwoven with totalitarianism and the abject worship of the state.
No Socialist Government conducting the entire life and industry of the country could afford to allow free, sharp, or violently-worded expressions of public discontent.Comment
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Can't we go back to the days where if you wanted something you waited until you can afford it?
It is what successful economies do...Comment
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Originally posted by MicrosoftBob View PostTry London Mutual, ok the minimums 1 month and it's still more than a credit card but £300 for a month would cost £9 which is almost reasonable compared with the payday loan companiesThe material prosperity of a nation is not an abiding possession; the deeds of its people are.
George Frederic Watts
http://en.wikipedia.org/wiki/Postman's_ParkComment
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Socialism is inseparably interwoven with totalitarianism and the abject worship of the state.
No Socialist Government conducting the entire life and industry of the country could afford to allow free, sharp, or violently-worded expressions of public discontent.Comment
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The material prosperity of a nation is not an abiding possession; the deeds of its people are.
George Frederic Watts
http://en.wikipedia.org/wiki/Postman's_ParkComment
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Originally posted by speling bee View PostBut for £500 loaned over three weeks, nobody could charge 20% APR + base with no fee.
The interest reflecting the cost of supplying the money.
so say arrangement fee £50, interest 20%. Extension fee £25. Still profitable.Always forgive your enemies; nothing annoys them so much.Comment
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