2356% apr!!

Wutang_2

usedandabused wrote: »

haha pull the other one, this is not comparable, firstly said loan company is no friend, also I doubt friend will expect astronomical interest, and report you to the credit reference agency aswell as issue you with a default:rotfl::rotfl::rotfl:

The maths is still the same

~Brock~

usedandabused wrote: »

haha pull the other one, this is not comparable, firstly said loan company is no friend, also I doubt friend will expect astronomical interest, and report you to the credit reference agency aswell as issue you with a default:rotfl::rotfl::rotfl:

...and we all wait with baited breath to hear usedandabused's suggested alternatives to borrowing from loan comapnies on a purely short term basis, or alternatively how said loan companies can make a viable business by charging lower interest rates. Go on fella, give us the benefit of your wisdom

redpete

Wutang wrote: »

Don't pay your mate back. If you look into it, lending from one friend to another is actually unenforcable.

Excellent idea! I reckon I can make £120 over the next few weeks like that. I won't have any friends left but the law will be on my side.

redpete

usedandabused wrote: »

haha pull the other one, this is not comparable, firstly said loan company is no friend, also I doubt friend will expect astronomical interest, and report you to the credit reference agency aswell as issue you with a default:rotfl::rotfl::rotfl:

My point was that the APR quoted for a small short-term loan is not comparable with the APR for a larger longer term loan, whether the loan is made by a friend or a company is irrelevant.

ILW

usedandabused wrote: »

what if you can't repay it within the month?
:eek:

You shouldn't have borrowed the money if you do not have the means to pay it back.

_Andy_

Oh please not ANOTHER of these threads..

RobertoMoir

I'm scared to respond frankly, after I got accused of elitism and fascism last time. I'll probably be cast into the tower of london if I even come close to repeating the reply I gave last time.