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Oh my gosh, I had to say something!
Comments
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That's what I got, too!Right, i'll give it a bash.
2.50 interest for 1 week borrowing 20.00
2.5/20 = 0.125
52 weeks in the year so 1.125^52 = 457.0157
Convert that back to a percentage
So that's an APR of 45,701.57%
Am i in the right ballpark?
:rotfl: Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
Bargain.... in my local a pint is £3.20:beer:0
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Whats a pub
:p PROUD TO BE DEALING WITH MY DEBT NERD #869
DFD 5/1/16Numpty,Not sure why but I'm crying . Of all the peeps on this board you're the kindest & most supportive of all & I'm :mad: & 
for you all at the same time . Wish I was there to give you a big :grouphug: & emergency hobnobs
xx0 -
They pray on desparate people.:mad:DMP member 343 :T
2010 Clothes challenge £100/£4 :j0 -
Circling_the_Drain wrote: »They pray on desparate people.:mad:
You're right!
Our Fermi,
Who art in debting
Hallowed be thy name...
or perhaps they PREY on people!
(i'm sorry, sometimes I have drink and i'm a !!!!!)Would you ask the wolves to look after the sheep?
CCCS funded by banks0 -
surley apr like that should be illegal thats worse than loan sharksReplies to posts are always welcome, If I have made a mistake in the post, I am human, tell me nicely and it will be corrected. If your reply cannot be nice, has an underlying issue, or you believe that you are God, please post in another forum. Thank you0
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That's a good idea and will therefore probably never be brought forward.
However, something i thought i heard rumblings about again this week - and something we've been pushing for quite a while - is for these kinds of things to be taught properly in schools.
I already teach this at college as an AS level for kids who want a quick 60 Ucas Points - Certificate in Personal Finance - only had 9 takers this year though - don't know why such a low take up as it's such an easy course to take - most of it is common sense
At least I know of 9 students who won't get into problems with debt though now:DNoli nothis permittere te terere
Bad Mothers Club Member No.665
[STRIKE]Student MoneySaving Club member 026![/STRIKE] Teacher now and still Moneysaving:D
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elisebutt65 wrote: »At least I know of 9 students who won't get into problems with debt though now:D
I hope that this site is on the sylabus, it has saved me more than once.Find out who you are and do that on purpose (thanks to Owain Wyn Jones quoting Dolly Parton)0
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