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Apr 100.5%
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tango
Posts: 13,110 Forumite
HI , JUST HAD TO SHARE THIS WITH YOU ALL, SAW AN ADVERT FOR A MOBILE PHONE, FOR PEOPLE WITH POOR CREDIT, AND NO CREDIT CHECKS MADE,APR 100.5% !!!!!!!!!!!!!!!!!!!!!
HOPE NO ONE TAKES THAT UP.
ANYONE SEEN ANYTHING HIGHER?????????????? :mad:
HOPE NO ONE TAKES THAT UP.
ANYONE SEEN ANYTHING HIGHER?????????????? :mad:
Obstacles are things a person sees when he takes his eyes off his goal.
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Wow ... oh wow ... sheesh ... I saw Argos yesterday at 29.5% and thought that was quite bad...0
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I've seen higher!! Provedent is really bad!! i cant remember the apr but its riduculous!!!!Abbey Loan £6,000
Tesco loan £3,000
Tesco points --- £100 worth £400 in deals for holiday! :j :T
"It is not the strongest of the species that survive, nor the most intelligent, but the one most responsive to change." (Charles Darwin)0 -
Is this the start of the "Greatest APR Hunt" ???0
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Provident is 177% APR (typical) :eek:Abbey Loan £6,000
Tesco loan £3,000
Tesco points --- £100 worth £400 in deals for holiday! :j :T
"It is not the strongest of the species that survive, nor the most intelligent, but the one most responsive to change." (Charles Darwin)0 -
*Sparkle* wrote:I've seen higher!! Provedent is really bad!! i cant remember the apr but its riduculous!!!!
If you go onto their website you can see for your self.
But here is one calc that you can use from their online calculator
Amount borrowed £100
Repay £5 per week for 31weeks
Amount repaid £155
APR 365.1% :mad:
edit - they have changed the caluclator recently, but there was an option to repay over 23 weeks and that gave an APR of 497.4%
I used a screen shot of it recently for a presentation - it scared a few people!!
To see for your self, I'm not putting the link up, but go to their web site, click on products and you will see a loan calculator - scare yourself!!!
Further edit - I've not seen this before on their website - but you can have an Argos Store card through P*******t and the APR is only (typically) 90.5 -152.3I am a debt counsellor working in the voluntary sector - we don't charge our clients for the work we do!0 -
tango wrote:HI , JUST HAD TO SHARE THIS WITH YOU ALL, SAW AN ADVERT FOR A MOBILE PHONE, FOR PEOPLE WITH POOR CREDIT, AND NO CREDIT CHECKS MADE,APR 100.5% !!!!!!!!!!!!!!!!!!!!!
HOPE NO ONE TAKES THAT UP.
ANYONE SEEN ANYTHING HIGHER?????????????? :mad:
Blimey! I'd rather stick to PAYG!!Mortgage-free wannabe!0 -
OMG!!! how much!!!!!!!!!!!!!!!!November NSD's - 70
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i got a letter from provident a while ago and it offered me 177%apr... what a good deal!!! :rotfl:0
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thanks for all yor replies,the one good thing about being in debt is that i now check all apr's, and quite frankly bore the pants of all my friends!!
Obstacles are things a person sees when he takes his eyes off his goal.0 -
they target people who struggle to get credit , and then stick huge amounts of apr on , cause they know they can get away with it , cause the people who do get loans from provident generally just want to money without worrying about the apr.
i personally think it should be illegal to charge such high apr's.0
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