Argos 'easy shop' card with APR of 222.7%!

byebyekitty

http://www.guardian.co.uk/money/2008/nov/01/consumeraffairs-debt

Maybe Martin should investigate this - these kinds of rip-offs really make me :mad:

sweep9

I don't think it's fair to place blame on Argos when it's actually Provident door step finance thats offering a Argos Gift Card with the money on rather than cash.

omen666

Provident are notrious for their excessive APR, always praying on the the folks who live on the breadline

PROLIANT

In defence of Argos....it is not their product, the provy pedal this as a marketing tool aimed at the "unemployed - everything’s a pound shop rampage - forty kids at a time - Xmas worshiper’s brigade" spend what you haven’t got and pay for it the rest of your life..Its ok you can do it at Argos, makes it sound more credible by branding it with the name of a reputable high street retailer. Hmmm. :rolleyes:

abmcell

Surely their should be some kind of limit on apr's, didn't think Argos would get mixed up in this behaviour.

PROLIANT

abmcell wrote: »

Surely their should be some kind of limit on apr's, didn't think Argos would get mixed up in this behaviour.

Not the provy, the best thing do is not to use them. They prey on the financial destitute and the can't work - won't work characters.

omen666

abmcell wrote: »

Surely their should be some kind of limit on apr's, didn't think Argos would get mixed up in this behaviour.

Did you not read the previous posts? Nothing to do with Argos

trisontana

I wonder if this card is targeted at those people who previously used to save with Christmas hamper companies? I reckon that Provident have realised that many people still haven't twigged that the best way to pay for Christmas is to save in something like a building society, or even those savings stamps you can by from the likes of Morrison's. So they come along with this rip-off card.