Loans
16 December 2007, 07:16 PM
#1
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Hello
I just received an email from 'Yes Loans', who on earth takes out a loan at 48% APR?!
Isn't their some law about preying on the terminally financially challenged?
Steve
I just received an email from 'Yes Loans', who on earth takes out a loan at 48% APR?!
Isn't their some law about preying on the terminally financially challenged?
Typical 48%apr
Yes Loans Ltd is registered in England and Wales. Registration number 04553449. Registered Office: Cradoc House, Heol-Y-Llyfrau, Aberkenfig, Bridgend CF329PL. Licenced by the Office of Fair Trading, registered with the Data Protection Act and regulated by the Consumer Credit Act 1974 - Licence No. 530037.
Yes Loans Ltd is registered in England and Wales. Registration number 04553449. Registered Office: Cradoc House, Heol-Y-Llyfrau, Aberkenfig, Bridgend CF329PL. Licenced by the Office of Fair Trading, registered with the Data Protection Act and regulated by the Consumer Credit Act 1974 - Licence No. 530037.
17 December 2007, 10:06 AM
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791.6% , but could still work out cheaper than a brief spell with an unauthorized overdraft.
A 42 day loan that is bound by law to quote an APR is not really the best example, Although i've never taken one, an £80 charge for a short term loan of £400 aint too bad
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17 December 2007, 10:11 AM
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Someone desperate. Someone who is least able to afford to take a loan at that rate. Which is why parasitic companies like Provident should have their directors lined up and castrasted before being garrotted.
17 December 2007, 10:17 AM
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