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provident credit card

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I just had to post this. My oh just got an offer for a provident credit card. Interest rate 183% unbelievable.
Anyone who lives within their means suffers from a lack of imagination:beer:

Oscar Wilde

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  • fermi
    fermi Posts: 40,542 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker Rampant Recycler
    I just had to post this. My oh just got an offer for a provident credit card. Interest rate 183% unbelievable.

    OMG! 3.gif
    Free/impartial debt advice: National Debtline | StepChange Debt Charity | Find your local CAB

    IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed
  • tigerfeet2006
    tigerfeet2006 Posts: 14,030 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    I am trying to persuade my neighbour that she doesn't NEED a loan from Greenwoods at the moment. If she really wanted the money it wouldn't take her long to put the £200 aside that she needs indtaed of paying Greenwoods 399% interest :eek: . But she can't see it, she needs the money NOW.
    BSCno.87
    The only stupid question is an unasked one
    Loving life as a Kernow Hippy
  • bathgatebuyer
    bathgatebuyer Posts: 2,522 Forumite
    Part of the Furniture Combo Breaker
    Oh dear - is there really something so desperate that 399% is worth paying?
    Almost debt-free, but certainly even with the Banks!
  • Lemon_Tree
    Lemon_Tree Posts: 10,202 Forumite
    Part of the Furniture 10,000 Posts
    it beggers belief that these interest rates are in existence and are not against the law!
  • bank_of_slate
    bank_of_slate Posts: 12,922 Forumite
    10,000 Posts Combo Breaker
    Will they accept pounds of flesh instead of money?
    ...Linda xx
    It's easy to give in to that negative voice that chants "cant do it" BUT we lift each other up.
    We dont count all the runners ahead of us & feel intimidated.
    Instead we look back proudly at our journey, our personal struggle & determination & remember that there are those that never even attempt to reach the starting line.
  • My sister used to collect for these people and she said that customers would borrow for silly stuff like a holiday deposit or to buy a new wardrobe.

    She ended up giving it up in the run up to christmas cos it wasn't worth the hassle. People didn't want to pay it back or it was rpeated calls to peoples house with it being really obvious that they were in but just not answering the door.

    Plus in January, cos xmas is over with, the commission from selling loans is really rubbish. She was told to expect to make approx £27 a week
    Official DFW nerd no 551 - proud to be dealing with my debts
    Debts as of March 2014
    Nationwide - £5745, Overdraft - £350,
    Debts as of January 2015
    Nationwide - £4997, Overdraft - £0:j
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