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Loan
sarahsrays
Posts: 5 Forumite
Hello
I have been offered a loan of £8,000 and the repayments over 60 months would be 218 a month, meaning I would pay back £13,000
Is this a total con??
I have been offered a loan of £8,000 and the repayments over 60 months would be 218 a month, meaning I would pay back £13,000
Is this a total con??
0
Comments
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sarahsrays wrote: »Hello
I have been offered a loan of £8,000 and the repayments over 60 months would be 218 a month, meaning I would pay back £13,000
Is this a total con??
That's an APR of just over 21%.............you can do better.You'll always miss 100% of the shots you don't take - Wayne Gretzky
Any advice that you receive from me is worth exactly what you paid for it. Not a penny more or a penny less.0 -
Thanks so much for that chuckles.
Do you mind telling me how you worked out the APR please? It seems a bit of a mystery!
Thanks
Sarah0 -
Just bumping!!!0
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sarahsrays wrote: »Thanks so much for that chuckles.
Do you mind telling me how you worked out the APR please? It seems a bit of a mystery!
Thanks
Sarah
I have an Excel spreadsheet floating about where you input loan amount, monthly repayment, loan term and any other charges and it calculates the APR.You'll always miss 100% of the shots you don't take - Wayne Gretzky
Any advice that you receive from me is worth exactly what you paid for it. Not a penny more or a penny less.0 -
Just a quick query on this.
Are these figures with or without PPI?After falling off the gambling wagon (twice): £33,600 (24,000+ 9,600) - Original CC Debt: £7,885.91
Dad Gift 6k ¦ Savings & Inv Tst: £2,500
Loan 10k: £0 ¦ Dad 5.5k: £2,270 ¦ LTSB: £0 ¦ RBS: £0 ¦ Virgin £0 ¦ Egg £0
Total Owed: £2,270 (+6k) 11/08/20110 -
Hi George
It's without ppi
Sarah0
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