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0% apr representative

PJ1
PJ1 Posts: 154 Forumite
in Loans
Hi
Just a quick one, keep seeing adverts that state "0% apr representative" And would really like to know exactly what it means. Can anyone fill me in please? Thanks.
PJ

Comments

  • Tixy
    Tixy Posts: 31,455 Forumite
    It means of the people who are accepted for finance 51% of those will be offered finance at 0%, so no interest if they keep to the T&Cs of the account, others who are accepted will be offered finance but at a higher rate - and so will end up paying some interest.
    A smile enriches those who receive without making poorer those who give
    or "It costs nowt to be nice"
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