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(un)Welcome Finance

I have received a mailshot from Welcome Finance today, saying they've been passed my details by Bright Finance.
Their letter states that their TYPICAL APR is 45.3% - I am sorry, but how on earth is this company allowed to get away with such scandalous rates?? No-one, no matter what their financial history, should be charged 45% interest.

Comments

  • mrmajika
    mrmajika Posts: 987 Forumite
    Part of the Furniture 500 Posts Combo Breaker Photogenic
    Well that's a bargain compared to Provident's 177% APR.:eek: :eek:

    I took a picture this time with my phone, as the last time I got the letter, nobody believed me.
    Whilst my posts do not constitute financial advice, I am always, without fail, 100% right! :D
  • nomoneytoday
    nomoneytoday Posts: 4,866 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    The rate isn't hidden, and there are people desparate and/or stupid enough to pay these silly rates.
  • gardiner_2
    gardiner_2 Posts: 72 Forumite
    i cant belive that rates,can they really get away with charging that amount
This discussion has been closed.
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