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Old 15-02-2010, 01:52 PM   #1
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WTF

just saw an advert for a loan site and thought i was seeing things.....

so i went to the web site and yes that is the APR

Finance charge will be between 10 and 14.75 per 50 borrowed. Typical 2356% APR

things can never be that bad you need to borrow off these people
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Old 15-02-2010, 02:01 PM   #2
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Re: WTF

WTF!?

Did ya get a screeny? That can't be right surely!! Must be a typo!
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Old 15-02-2010, 02:05 PM   #3
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Re: WTF

It's those short term loans things. Allegedly they are only intended for borrowing money for a couple of weeks but they obviously know that not everyone will be able to. Just legalised loan sharking imo.
They had adverts on here for a couple of days until rasher put a stop to it.
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Old 15-02-2010, 04:59 PM   #4
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Re: WTF

yeah, not a big fan of these at all
and tbh i was very surprised that google allowed them adverts on their system
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Old 15-02-2010, 08:00 PM   #5
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Re: WTF

Quote:
Originally Posted by marky_mark View Post
just saw an advert for a loan site and thought i was seeing things.....

so i went to the web site and yes that is the APR

Finance charge will be between 10 and 14.75 per 50 borrowed. Typical 2356% APR

things can never be that bad you need to borrow off these people
I saw that advert! I was thinking that there must have been some sort of mistake...
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Old 15-02-2010, 10:14 PM   #6
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Re: WTF

Nope, no mistake. Just another vulture preying on the gullible and desperate. Like those gold buying ripoffs that give you 20% of the true value. How they're allowed to advertise I don't know.
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Old 15-02-2010, 11:19 PM   #7
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Re: WTF

Quote:
Originally Posted by Betty_Swallocks View Post
Nope, no mistake. Just another vulture preying on the gullible and desperate. Like those gold buying ripoffs that give you 20% of the true value. How they're allowed to advertise I don't know.
No one is forcing people to take it. There is a certain amount of personal responsibility here. It's the same as taking cash out on a credit card...Anyone with half a brain knows that that is a terrible idea.
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Old 16-02-2010, 08:56 AM   #8
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Re: WTF

Oh hai, I am a Nigerian prince.....
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Old 16-02-2010, 09:09 AM   #9
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Re: WTF

I saw theses advertised on TV other day. They do put the % in big letters on the screen and say this is not a long term loan.
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