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kam100
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Joined: 28 Sep 2005
Location: In my office doing quotes!!
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United Kingdom 2005 Range Rover Sport TDV6 HSE Java Black
IM IN THE WRONG KIND OF FINANCE!!

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

This isn't a piss take.. 300% APR!!! My god..
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Post #145271 Wed Nov 14 2007 9:07pm
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Pelyma



Joined: 29 Sep 2005
Location: Clymping, Sussex
Posts: 922

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 9:11pm
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MDP



Joined: 15 Jun 2005
Location: Back in an AUDI
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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
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Post #145297 Wed Nov 14 2007 11:21pm
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Jimmy_75000



Joined: 06 Oct 2006
Location: London
Posts: 279

United Kingdom 2007 Range Rover Sport TDV6 HSE Stornoway Grey

Is this even legal???
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Post #146615 Tue Nov 27 2007 3:44pm
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misery



Joined: 07 Dec 2005
Location: At Home
Posts: 1019

Hong Kong 2006 Range Rover Sport Supercharged Java Black

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

Post #146620 Tue Nov 27 2007 4:13pm
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Pelyma



Joined: 29 Sep 2005
Location: Clymping, Sussex
Posts: 922

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
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Post #146636 Tue Nov 27 2007 5:51pm
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Endjin



Joined: 22 Jun 2007
Location: Aberdeenshire
Posts: 452

Scotland 2007 Range Rover Sport TDV6 HSE Java Black

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
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Post #146679 Wed Nov 28 2007 12:21pm
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