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Community Forums => The Lounge => Topic started by: boldie on May 25, 2009, 01:26:24 PM



Title: hmmm really?
Post by: boldie on May 25, 2009, 01:26:24 PM
http://uk.news.yahoo.com/21/20090525/tuk-200-000-could-look-to-loan-sharks-6323e80.html

Quoted;

"Loan sharks are illegal money lenders who charge high rates of interest, in some cases as much as 2,500,000%."

wow...so if I borrow 1£ I have to pay back ...ermmm...how much?


Title: Re: hmmm really?
Post by: relaedgc on May 25, 2009, 01:41:24 PM
Don't think they're going to waste their time lending out amounts that small.


Title: Re: hmmm really?
Post by: boldie on May 25, 2009, 01:44:59 PM
Don't think they're going to waste their time lending out amounts that small.

crap...I really wanted an ice cream :(


Title: Re: hmmm really?
Post by: Robert HM on May 25, 2009, 01:47:57 PM
Don't think they're going to waste their time lending out amounts that small.

Don't you believe it.

Let's say I lend you £1 so you can get you can of cheap cider, it's Jolly Giro day coming up, so you can pay me a fiver back. If you don't, I want £20 next week, or else it gets worse. Risking a small amount to get a big amount back, it's bread and butter to the loan sharks on the estates.


Title: Re: hmmm really?
Post by: G1BTW on May 25, 2009, 03:57:14 PM
http://uk.news.yahoo.com/21/20090525/tuk-200-000-could-look-to-loan-sharks-6323e80.html

Quoted;

"Loan sharks are illegal money lenders who charge high rates of interest, in some cases as much as 2,500,000%."

wow...so if I borrow 1£ I have to pay back ...ermmm...how much?

Boldie, don't do it. These loan sharks are out and out crooks, with no sense of responsibility, they think of no one but themselves and they will do everything they can to rip you off for as much as possible. You are much better turning to a bank to borrow.


uh, wait a minute........