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Sub Prime Credit Thread Part II

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Comments

  • sutton111
    sutton111 Posts: 6,302 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    never-in-doubt wrote: »
    sutton, come to bed - i'm getting cold............. :confused::confused:
    :eek::eek:

    You take the jokes in good spirit don't you.
  • NickX
    NickX Posts: 3,046 Forumite
    Innocent_Guy wrote: »
    Your Loan Calculation

    Amount borrowed £2,000.00 Repayment Period 12 months (No Payment Holiday) Monthly payments £238.33 Amount repayable £2,859.96 APR 100.9%

    Guys I've just got to say do NOT take this loan out. An APR of 100.9% is a complete rip-off and extortionate to say the least.

    Even if you split the loan across more than one individual you are still paying the provider interest at a level of 200 times the current Bank of England base rate.

    You would be better off borrowing on a Vanquis or Aqua card.
  • PROLIANT
    PROLIANT Posts: 6,396 Forumite
    1,000 Posts Combo Breaker
    NickX wrote: »
    Guys I've just got to say do NOT take this loan out. An APR of 100.9% is a complete rip-off and extortionate to say the least.

    Even if you split the loan across more than one individual you are still paying the provider interest at a level of 200 times the current Bank of England base rate.

    You would be better off borrowing on a Vanquis or Aqua card.
    Agreed, they are taking advantage of the sub prime market and preying on the desperate.
    Thanks for the input Nick.
    Since when has the world of computer software design been about what people want? This is a simple question of evolution. The day is quickly coming when every knee will bow down to a silicon fist, and you will all beg your binary gods for mercy.
  • Innocent_Guy
    Innocent_Guy Posts: 5,369 Forumite
    PROLIANT wrote: »
    Agreed, they are taking advantage of the sub prime market and preying on the desperate.
    Thanks for the input Nick.
    I have made it very clear that I will not be taking this out LOL!!!

    I was going to concolidate a few debts but the apr on them is like 19.9%................ I am not desperate will just clear it as and when
    Bank Accounts - Barlcays Premier[/B] - £1000 o/d, HSBC - £200 o/d- First Direct - £500
    Credit Cards - Barclaycard £2000 - Silver Card £1300 - Flybe £7500 - HSBC £1000 - First Direct £2500 First Direct Gold £3000
    6 credit accounts closed in 2010!
    Official SOS Club number 001 - Dry until 01.07.10
  • never-in-doubt
    never-in-doubt Posts: 20,613 Forumite
    sutton111 wrote: »
    :eek::eek:

    You take the jokes in good spirit don't you.

    lol - cos they are funny mate - how could I refuse a night with you, it was one of my best ever - you randy sutton you..... :D
    :o 2010 - year of the troll :o

    Niddy - Over & Out :wave:
  • sutton111
    sutton111 Posts: 6,302 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    never-in-doubt wrote: »
    lol - cos they are funny mate - how could I refuse a night with you, it was one of my best ever - you randy sutton you..... :D
    :rotfl::rotfl:
  • Innocent_Guy
    Innocent_Guy Posts: 5,369 Forumite
    I'm jealous LOL............
    Bank Accounts - Barlcays Premier[/B] - £1000 o/d, HSBC - £200 o/d- First Direct - £500
    Credit Cards - Barclaycard £2000 - Silver Card £1300 - Flybe £7500 - HSBC £1000 - First Direct £2500 First Direct Gold £3000
    6 credit accounts closed in 2010!
    Official SOS Club number 001 - Dry until 01.07.10
  • never-in-doubt
    never-in-doubt Posts: 20,613 Forumite
    sutton111 wrote: »
    :rotfl::rotfl:

    have you got over the shock yet mate?

    Hows it going anyway? keep missing you guys and then having to read 12 pages (innocent trying to get his next badge i assume?).... :confused:
    :o 2010 - year of the troll :o

    Niddy - Over & Out :wave:
  • never-in-doubt
    never-in-doubt Posts: 20,613 Forumite
    Innocent_Guy wrote: »
    I'm jealous LOL............

    dont be mate - you're next on my hit list hehe

    hi - hows it going stranger? :confused: Just saying to sutton (he a big boy by the way LOL) i keep missing you.....
    :o 2010 - year of the troll :o

    Niddy - Over & Out :wave:
  • never-in-doubt
    never-in-doubt Posts: 20,613 Forumite
    SuttonImpactCover2.jpg
    :o 2010 - year of the troll :o

    Niddy - Over & Out :wave:
This discussion has been closed.
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