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YES loans

dareuk
dareuk Posts: 1 Newbie
hey there im new iv applied for my first loan i have no credit history and im in no debt but was finding it hard to get a loan due to me having no credit but yes loans got me one i had to pay 49pounds for them to find me the loan but the only one they have found me have an apr of 44.7 now i don't even know what apr is but it seem very steep the loan is for 3000 pounds over 3 years am i getting screwed oh and im 20 if that makes a difference sorry my pound button dose not work thanks for the help

//gary

Comments

  • Thomas99
    Thomas99 Posts: 322 Forumite
    dareuk wrote: »
    hey there im new iv applied for my first loan i have no credit history and im in no debt but was finding it hard to get a loan due to me having no credit but yes loans got me one i had to pay 49pounds for them to find me the loan but the only one they have found me have an apr of 44.7 now i don't even know what apr is but it seem very steep the loan is for 3000 pounds over 3 years am i getting screwed oh and im 20 if that makes a difference sorry my pound button dose not work thanks for the help

    //gary

    Have a little read of this thread pal http://forums.moneysavingexpert.com/showthread.html?t=363427
    Founder member MSE Jet Airways Mile High Club
    Member #1
    :love:
  • Sugar_Coated_Owl
    Sugar_Coated_Owl Posts: 12,379 Forumite
    Don't accept it OP. An APR of 44.7% is extortionate.
    --><-- Sugar Coated Owl --><--

    If you believe, you will survive - Katie Piper

    Woohoo! I'm normal! Gotta go tell the cat.
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