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ladder loans help

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  • bigadaj
    bigadaj Posts: 11,531 Forumite
    Ninth Anniversary 10,000 Posts Name Dropper
    iolanthe07 wrote: »
    300% APR is mental - absolute usury. Why did you sign up to it?

    Not sure why you're asking me, ask the person that borrowed the money.

    My impression is that they just signed a document without reading it, and there appear to be many like that.

    It's obviously nowhere near payday loan rates, and indeed the apr on many overdrafts that people avail themselves of could be higher, but it's stupidly high for the relatively large sum borrowed, hopefully they'll learn from their experience but many don't.
  • iolanthe07
    iolanthe07 Posts: 5,493 Forumite
    ask the person that borrowed the money.

    I was - sorry if I didn't make that clear.
    I used to think that good grammar is important, but now I know that good wine is importanter.
  • Hi,
    did you get this sorted with Ladder Loans?
    By gambling we lose both our time and treasure:
    two things most precious to the life of man.

    Original Debt total £28591.50 :mad:

    Current Debt total £24646.80 :T
  • Hi,
    did you get this sorted with Ladder Loans?
    The OP hasn't logged on since 2 February. I wouldn't hold my breath waiting for a reply.
    Are you for real? - Glass Half Empty??
    :coffee:
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