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kam100



Member Since: 28 Sep 2005
Location: In my office doing quotes!!
Posts: 4771

United Kingdom 
IM IN THE WRONG KIND OF FINANCE!!

http://www.logbookloans.co.uk/

This isn't a Censored take.. 300% APR!!! My god..

Post #145271 Wed Nov 14 2007 8:07pm
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Pelyma



Member Since: 28 Sep 2005
Location: Sussex
Posts: 1497

England 

I bet if you challenged that in court they would loose and you'll need a company baseball bat to get the money back!

Post #145273 Wed Nov 14 2007 8:11pm
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MDP



Member Since: 14 Jun 2005
Location: Back in an AUDI
Posts: 8598

United Kingdom 

APR's are and can be so misleading if you add in an upfront FEE to the loan & the period is shorter than normal. ie. someone borrows £300 over 3 months - but you have set up costs and other ascotiated fees that would apply even if they were to borrow £3000 .... add in the fees to the lowly sum and bingo... the APR goes wild Shocked 
" WITH MORE EXTRAS THAN A HOLLYWOOD EPIC "

Post #145297 Wed Nov 14 2007 10:21pm
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Jimmy_75000



Member Since: 06 Oct 2006
Location: London, UK
Posts: 1146

France 2010 Range Rover Sport 3.0 TDV6 HSE Stornoway Grey

Is this even legal??? Range Rover Vogue ‘17 TDV6

Gone: Range Rover Vogue '11 4.4TDV8, Range Rover Sport ‘59, Range Rover Sport ‘56

Post #146615 Tue Nov 27 2007 2:44pm
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Misery



Member Since: 07 Dec 2005
Location: Waiting for L405
Posts: 2555

United Kingdom 

Censored me!!!!!!!!!!!!

Post #146620 Tue Nov 27 2007 3:13pm
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Pelyma



Member Since: 28 Sep 2005
Location: Sussex
Posts: 1497

England 

MDP wrote:
APR's are and can be so misleading if you add in an upfront FEE to the loan & the period is shorter than normal. ie. someone borrows £300 over 3 months - but you have set up costs and other ascotiated fees that would apply even if they were to borrow £3000 .... add in the fees to the lowly sum and bingo... the APR goes wild Shocked


I suspect this isn't aimed at short term borrowing, more like some poor soul who needs debt counselling not more borrowing Sad Porsche Cayenne S Diesel 66 Plate

Post #146636 Tue Nov 27 2007 4:51pm
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Endjin



Member Since: 22 Jun 2007
Location: Aberdeenshire
Posts: 2087

Scotland 

This should be Illegal - Shocked It preys on the people who can least afford finance in the first place - Guess it wont be long before we see a certain Ms Vorderman doing their TV adverts!! Confused 2013 Discovery HSE Luxury - 3.0 SDV6 - Santorini Black
2013 Evoque 5 Door Pure Tech SD4 - Orkney Grey with Panoramic Roof (Mrs E's new baby)

GONE - RRS - 3.0 TDV6 HSE - Santorini (2010)
GONE - RRS - 2.7 TDV6 HSE - Java Black (2007)
GONE - Porsche Boxster S - 3.2 - Black

Post #146679 Wed Nov 28 2007 11:21am
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