Need a loan? Hows Typical 1355% APR sound!

MrsTinks

Seriously!

Don't knwo how I ended up on a mailing list for payday loans But they just sent me a mail offering be a fab deal for a loan for a mere Typical [FONT=Verdana, Arial, Helvetica, sans-serif]1355% APR!!![/FONT]

I'm deeply impressed... What a stunning bargain.......... NOT!!!!

I thought some of the card spam I get through the post were bad with nearly 200%APRbut this one takes the cookie!

chal

Hmm...take out a few loans with a reasonable APR, set yourself up as a pay-day loan company, watch the money roll in, end of debt problems!

immoral_angeluk

_pale__pale_

bringmeshoes

MrsTine wrote: »

Seriously!

Don't knwo how I ended up on a mailing list for payday loans But they just sent me a mail offering be a fab deal for a loan for a mere Typical [FONT=Verdana, Arial, Helvetica, sans-serif]1355% APR!!![/FONT]

I'm deeply impressed... What a stunning bargain.......... NOT!!!!

I thought some of the card spam I get through the post were bad with nearly 200%APRbut this one takes the cookie!

sounds good to me, where do i sign up?:rotfl: :rotfl: :rotfl:

claireabelle_2

You certainly beat my record of being offered a bargain 59.1%!

wullie

MrsTine wrote: »

Seriously!

Don't knwo how I ended up on a mailing list for payday loans But they just sent me a mail offering be a fab deal for a loan for a mere Typical [FONT=Verdana, Arial, Helvetica, sans-serif]1355% APR!!![/FONT]

I'm deeply impressed... What a stunning bargain.......... NOT!!!!

I thought some of the card spam I get through the post were bad with nearly 200%APRbut this one takes the cookie!

Not as bad as it may seem...check the Freebie forum...you could make £50 profit if you use Quidco...http://forums.moneysavingexpert.com/showthread.html?t=596821&page=90

shinyhead

And I thought I'd hit the big time when Provident sent me mailshots!!

MrsTinks

Don't laugh but I've saved the E-mail cos I just KNOW no-one will believe me! :rotfl:

Don't get me wring I appreciate they are very short term loans but they charge £25 for each £100 you borrow - so over a matter of say a couple of weeks that means it's an astronomical APR... I just couldn't believe my eyes to start with! Gotta love 'em!

As you say... couple grand and set up payday loan company and employ a couple of toughie guys to "collect" (obviously paying in banana's as no brain required if other DCAs are anything to go by...) and you're on the road to riches! :eek:

fermi

I saw that on their website the other day.

I was just checking for another thread on here about high APRs, but it was still .

It's there bold as brass!

Deep_In_Debt

WOW!!! Sign me up...I'll have 3!

What a deal!

Is that APR legal?

MrsTinks

I'm guessing so... Tell you what I'll do you a special deal! I'll lend you up to £750 till payday but only charge you 1275%APR... that's cutting my own throat that is! (Sorry blatant Terry Pratchett reference there)