We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Shocked at 258.6%APR!!
keava
Posts: 98 Forumite
Hi
I just had a leaflet through my door for Greenwoods Personal Credit.
This is the first time I have ever seen anything like this - they sell you vouchers for high street stores so you can buy things
The usual no credit checks etc - but charge a huge 258.6% APR
There is just a name and mobile number to contact the person.
Surely this is robbery!
Any wonder people who are desperate get into debt and can never get out of it??
I feel like this type of credit should be banned!
Thanks for letting me rant
K
:mad:
I just had a leaflet through my door for Greenwoods Personal Credit.
This is the first time I have ever seen anything like this - they sell you vouchers for high street stores so you can buy things
The usual no credit checks etc - but charge a huge 258.6% APR
There is just a name and mobile number to contact the person.
Surely this is robbery!
Any wonder people who are desperate get into debt and can never get out of it??
I feel like this type of credit should be banned!
Thanks for letting me rant
K
:mad:
0
Comments
-
these types of companys target those desperate for credit,any credit
nothing more than loan sharks0 -
Post the mobile number here
we'll have a use for it 
0 -
Hi
is there nothing that can be done about these companies?
There should be a law against it!
K0 -
provident or the provi as its known in scotland are well known in poorer areas.
they have people coming round making collections at peoples houses for a 'friendly' service0 -
Hi
I just had a leaflet through my door for Greenwoods Personal Credit.
This is the first time I have ever seen anything like this - they sell you vouchers for high street stores so you can buy things
The usual no credit checks etc - but charge a huge 258.6% APR
There is just a name and mobile number to contact the person.
Surely this is robbery!
Any wonder people who are desperate get into debt and can never get out of it??
I feel like this type of credit should be banned!
Thanks for letting me rant
K
:mad:
Poor whitetrash always end up paying huge interest.
High risks = high interest."Love you Dave Brooker! x"
"i sent a letter headded sales of god act 1979"0 -
Hi
is there nothing that can be done about these companies?
There should be a law against it!
K
Why?
Why should poor !!!!less people not be able to get credit if they so choose?
No proper bank will touch such scum, so only those who are willing to take the risk at 100000000% apr are left."Love you Dave Brooker! x"
"i sent a letter headded sales of god act 1979"0 -
JEEPERS!!!!!
I was so stunned I googled them and found their website where they advertise £200 for £10 a week for 32 weeks at an APR of 399%
WHAAAAAAT???!!!!!!!
Crack addicts and single mums have to get credit from somewhere...."Love you Dave Brooker! x"
"i sent a letter headded sales of god act 1979"0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.4K Banking & Borrowing
- 254.1K Reduce Debt & Boost Income
- 455K Spending & Discounts
- 246.5K Work, Benefits & Business
- 602.8K Mortgages, Homes & Bills
- 178K Life & Family
- 260.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards