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Oh my gosh, I had to say something!

I know none of us are perfect, and a number of us (myself included!) have sometimes realised our debt, started or completely paid it off and then got further into debt once again for whatever reasons.

But I just choked watching the tv and seeing the ad for quickquid.co.uk...

Typical 2356% APR

I might be miles off the ball and everyone knows about this and other companies but please don't go down these routes :eek:
«13

Comments

  • Yep...theres another one called Borro I think...and that one is over 100% apr.
    Daylight robbery!
    ;)I am not a complete idiot - some parts are missing;)


  • fermi
    fermi Posts: 40,542 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker Rampant Recycler
    Free/impartial debt advice: National Debtline | StepChange Debt Charity | Find your local CAB

    IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed
  • As noted on the link Fermi posted, Provident are another bad example.
  • Charco_2
    Charco_2 Posts: 1,677 Forumite
    Thanks for the heads up, that's great.

    I'd been looking for a loan for a while and wasn't having much luck but unbelieveably i've been accepted already by these guys!

    Anybody else know any good deals out there? Would appreciate the pointers!
    Would you ask the wolves to look after the sheep?
    CCCS funded by banks
  • lindens
    lindens Posts: 2,870 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    OMG! I saw that advert too, in fact I pressed my nose up against the Tv to read the APR as I was sure it was 23.56% and I was mis reading it,.
    You're not your * could have not of * Debt not dept *
  • DarkConvict
    DarkConvict Posts: 6,347 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    I saw it too, wasn't it advertised like £5 a day on £100, with the APR in small print on the screen.
    Although no trees were harmed during the creation of this post, a large number of electrons were greatly inconvenienced.

    There are two ways of constructing a software design: One way is to make it so simple that there are obviously no deficiencies, and the other way is to make it so complicated that there are no obvious deficiencies
  • I saw it too, wasn't it advertised like £5 a day on £100, with the APR in small print on the screen.

    Haven't honestly seen the advert, but that is a massive APR and is a disgrace!
  • Charco wrote: »
    Thanks for the heads up, that's great.

    I'd been looking for a loan for a while and wasn't having much luck but unbelieveably i've been accepted already by these guys!

    Anybody else know any good deals out there? Would appreciate the pointers!
    Good deal?
  • fermi
    fermi Posts: 40,542 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker Rampant Recycler
    Reggie256 wrote: »
    Good deal?

    A reply from charco deep in sarcasm and irony I think. ;):p
    Free/impartial debt advice: National Debtline | StepChange Debt Charity | Find your local CAB

    IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed
  • fermi wrote: »
    A reply from charco deep in sarcasm and irony I think. ;):p
    Thanks Fermi - I did wonder if I was misinterpreting it :)
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