ChatterBank2 mins ago
Should be illegal
18 Answers
Watching daytime tv - snowed in and working from home.
An advert just come on tv .... they are offering pay day loans at an incredible low interest rate of only ...
2356%
That's only 2355.5% above base rate !
I might switch my mortgage to them ....
Lets see ....
If I was to borrow £100,000 pounds that would be an interest payment of only ....
£2.3 million per year ....
I will give them a call,,,,
An advert just come on tv .... they are offering pay day loans at an incredible low interest rate of only ...
2356%
That's only 2355.5% above base rate !
I might switch my mortgage to them ....
Lets see ....
If I was to borrow £100,000 pounds that would be an interest payment of only ....
£2.3 million per year ....
I will give them a call,,,,
Answers
Best Answer
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For more on marking an answer as the "Best Answer", please visit our FAQ.If you borrow £50 you pay back £64.75 next pay day.
It is not a long term loan but it is useful if you need money quickly to pay for an unexpected expense and your overdraft is at the maximum.
How much would the bank charge for unauthorised overdraft or bounced cheque?
I see nothing wrong with it. Their customers are usually high risk.
It is not a long term loan but it is useful if you need money quickly to pay for an unexpected expense and your overdraft is at the maximum.
How much would the bank charge for unauthorised overdraft or bounced cheque?
I see nothing wrong with it. Their customers are usually high risk.
They prey on the desperate.... and those who don't understand finance and then rip them off.
Bit like the we buy your gold type adverts.
I did a bit of research into these cowboys a couple of months ago.
I was able to take my gold into cooksons in London and get a proper price.
Some of the gold dealers that advertise on TV , would not even give me a price per OZ/Gram ...
Bit like me asking you to dig my garden, but i will not tell you what i will pay you !
Saw a girl with a stand in the local shopping mall last week.
she was buying gold on the spot.
How much do you pay per Gramm for 9ct , I asked.
£4 she says ....
Not bad .....
I buy £1000 worth ...
Take train to London Monday.
Sell for market rate at time of £7.80 per gramm and make a nice profit ....
Might going into trade myself :-)
Bit like the we buy your gold type adverts.
I did a bit of research into these cowboys a couple of months ago.
I was able to take my gold into cooksons in London and get a proper price.
Some of the gold dealers that advertise on TV , would not even give me a price per OZ/Gram ...
Bit like me asking you to dig my garden, but i will not tell you what i will pay you !
Saw a girl with a stand in the local shopping mall last week.
she was buying gold on the spot.
How much do you pay per Gramm for 9ct , I asked.
£4 she says ....
Not bad .....
I buy £1000 worth ...
Take train to London Monday.
Sell for market rate at time of £7.80 per gramm and make a nice profit ....
Might going into trade myself :-)
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Yes it is their money ....that Uncle Gordon has given them ....
Things will change soon ....lol
The gravy train is running out of track.
Those that work and pay taxes are no longer willing to support the chavs , in fags and 2500% loan repayments.
As a person who has always worked and paid 40%+ tax since the 90's ...the only sensible option is to move out of the UK.
So don't worry , i will close the door behind me ...sure no one will miss my little bit of tax I pay each year ...£30K last year ....
Things will change soon ....lol
The gravy train is running out of track.
Those that work and pay taxes are no longer willing to support the chavs , in fags and 2500% loan repayments.
As a person who has always worked and paid 40%+ tax since the 90's ...the only sensible option is to move out of the UK.
So don't worry , i will close the door behind me ...sure no one will miss my little bit of tax I pay each year ...£30K last year ....
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vibrasphere ...
Sorry If it was too many words for you.
The day I look for approval in what I reply, from someone who thinks 2500%+ interest sounds reasonable , will be a dark day in my life.
Anyway back to my Fags, cheap cider and online Foxy bingo ...
Oh was that the door ...might be my giro ...
Need to get down PO and cash it ....
Sorry If it was too many words for you.
The day I look for approval in what I reply, from someone who thinks 2500%+ interest sounds reasonable , will be a dark day in my life.
Anyway back to my Fags, cheap cider and online Foxy bingo ...
Oh was that the door ...might be my giro ...
Need to get down PO and cash it ....
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