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Title: Quickquid 2536% APR Post by: Biddy 62 on December 29, 2009, 04:14:31 PM Anyone seen the ad? Could'nt believe my eyes. Going to be a lot of repossesions in the new year with twats like this. Worse then the gold peddlers.
Title: Re: Quickquid 2536% APR Post by: StuartHopkin on December 29, 2009, 04:53:03 PM Link?
We should all grim them for a fiver. Title: Re: Quickquid 2536% APR Post by: thetank on December 29, 2009, 04:55:03 PM Why repossesion if these are not loans that you have to secure on a property?
Is this not a bung me £50 the now to put the heating on and I'll give you back £65 at t'end of the month? I don't own hee-haw but I do have a job sorta jobby. Can't really compare it to a long term personal loan in terms of the APR (which they make pretty clear, only have to click once from their home page to see the rates in a large clear table) wp if you're never going to be in this position yourself but I know a lot of peeps are and don't think it's too scandelous a buisness considering what the bank would charge them for an unauthorised overdraft. These aren't misery mongers imo Title: Re: Quickquid 2536% APR Post by: Grier78 on December 29, 2009, 04:59:27 PM Why repossesion if these are not loans that you have to secure on a property? Is this not a bung me £50 the now to put the heating on and I'll give you back £65 at t'end of the month? I don't own hee-haw but I do have a job sorta jobby. Can't really compare it to a long term personal loan in terms of the APR (which they make pretty clear, only have to click once from their home page to see the rates in a large clear table) wp if you're never going to be in this position yourself but I know a lot of peeps are and don't think it's too scandelous a buisness considering what the bank would charge them for an unauthorised overdraft. These aren't misery mongers imo Yes its so difficult to operate profitably at these loan sizes and durations, the admin costs alone would be £10 per loan before you include anything to cover defaulters. Title: Re: Quickquid 2536% APR Post by: StuartHopkin on December 29, 2009, 05:01:35 PM Yeah just found it. All seems above board and people know what they are paying when.
Title: Re: Quickquid 2536% APR Post by: thetank on December 29, 2009, 05:06:15 PM They only offer 1 and 2 month loans. They're not encouraging people to buy a load of shit they can't afford and pay back over 20 years or some shit.
Title: Re: Quickquid 2536% APR Post by: Teacake on December 29, 2009, 05:50:29 PM It is funny though when you see the APR and think there must be a missing decimal point!
Title: Re: Quickquid 2536% APR Post by: ViiperUK on December 29, 2009, 07:37:32 PM It is funny though when you see the APR and think there must be a missing decimal point! i thought this Title: Re: Quickquid 2536% APR Post by: Biddy 62 on December 29, 2009, 07:44:28 PM Yes same here i did a double take wtf. Yeah see what you mean it just appears to be small loans, varied rates for some reason.
Title: Re: Quickquid 2536% APR Post by: ViiperUK on December 29, 2009, 07:48:05 PM :L £20k loan over 10 years at 2536% APR haha
Title: Re: Quickquid 2536% APR Post by: StuartHopkin on December 29, 2009, 07:59:10 PM :L £20k loan over 10 years at 2536% APR haha Thank you for your request Mr ViiperUK. Your loan has been approved at the rate requested. The £20,000 will be in your designated bank in 24 hours. I look forward to receiving your first repayment of £3,666 on the 1st January followed by 35 further payments on the 1st of each month. Title: Re: Quickquid 2536% APR Post by: sovietsong on December 30, 2009, 12:51:32 PM :L £20k loan over 10 years at 2536% APR haha Thank you for your request Mr ViiperUK. Your loan has been approved at the rate requested. The £20,000 will be in your designated bank in 24 hours. I look forward to receiving your first repayment of £3,666 on the 1st January followed by 35 further payments on the 1st of each month. thats only based on 1 years worth of interst. please can you recalculate this stu. thank you |