Discussion
Just watching one of the many SKY channels and in the advert break there was an advert for 'cash until pay day' or something similar.
They loan you cash until pay day funnily enough and stress that it's not suitable for a long term financial solution.....no kidding as the text says 2360% APR Typical
The sad thing is that the needy amongst us sign up for this crap as they are keen to promote that they don't credit check you. Is this type of thing really allowed by the FSA?
They loan you cash until pay day funnily enough and stress that it's not suitable for a long term financial solution.....no kidding as the text says 2360% APR Typical
The sad thing is that the needy amongst us sign up for this crap as they are keen to promote that they don't credit check you. Is this type of thing really allowed by the FSA?
Oh dear Paul, your going to get battered for this I'm afraid (I know you will enjoy it)
Its a short term high risk loan, its not intended to taken for a year, but they must quote the APR. If I were lending small amounts of money for a matter of day, taking into account the risk, admin etc, You would prob want £20 back for a £100 loan.
Its a short term high risk loan, its not intended to taken for a year, but they must quote the APR. If I were lending small amounts of money for a matter of day, taking into account the risk, admin etc, You would prob want £20 back for a £100 loan.
Deva Link said:
Oh how I miss the search facility 
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