quickquid loans on telly
Tue May 17, 2011 4:16 pm
just noticed at the bottom of the screen that there annual intrest rate is............1734% 
,please,i know its tempting in these difficult times but dont borrow from them you will lose everything. 
,please,i know its tempting in these difficult times but dont borrow from them you will lose everything.
Re: quickquid loans on telly
Tue May 17, 2011 4:21 pm
Nothing good ever comes from loans...... oh hang on!!! 
Re: quickquid loans on telly
Tue May 17, 2011 4:23 pm
My brother and I were talking about this and obviously it's an extortionate rate of interest but for short term loans it can work. Imagine you're in a pub and you're £3 short so you say to your mate 'I'll pay you £3 tomorrow and buy you a pint to show my thanks'. The interest rate of that transaction over the whole year would be ridiculous. Close to 36,500% APR is it? My maths is shit so I could be wrong!
I would never use them personally though.
I would never use them personally though.
Re: quickquid loans on telly
Tue May 17, 2011 4:29 pm
Zabier wrote:My brother and I were talking about this and obviously it's an extortionate rate of interest but for short term loans it can work. Imagine you're in a pub and you're £3 short so you say to your mate 'I'll pay you £3 tomorrow and buy you a pint to show my thanks'. The interest rate of that transaction over the whole year would be ridiculous. Close to 36,500% APR is it? My maths is shit so I could be wrong!
I would never use them personally though.
yes,£3 quid,and buy a pint another £3,but if you borrow £500 over a year that alot(my maths not good)it shouldnt be allowed
Re: quickquid loans on telly
Tue May 17, 2011 4:37 pm
Yeah, they should be more stringently regulated for sure. I had trouble with Lloyds when I rang them. I only wanted to make a quick transfer of funds but they kept creating issues that didn't exist. The first was that I didn't have enough funds in my account. When I stated I did they then went 'oh yeah, sorry, just a technical error' then they said they'd transferred it as a bill and it wasn't sending which I then said 'why? I never mentioned anything about a bill' and they were adamant I was. How could I be when I've never even heard of a bill transfer before???
All this just to squeeze every extra penny out of me via telephone banking. Lloyds have seriously become the worst bank by a country mile for customer service now. Shocking.
All this just to squeeze every extra penny out of me via telephone banking. Lloyds have seriously become the worst bank by a country mile for customer service now. Shocking.