how is this even legal? - HotUKDeals
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how is this even legal?

thegroutch Avatar
6y, 9m agoPosted 6 years, 9 months ago
borro.com, effectively an online pawnbrokers, charging 85% APR
surely by going near these scammers you're just digging yourself into a bigger hole
thegroutch Avatar
6y, 9m agoPosted 6 years, 9 months ago
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#1
so long as theyre advertising it then theres no problem......theres an ad on the tv that advertises 2000+% apr...cant remember who, quickquid I think

edit: yep Typical 2356% APR

http://www.quickquid.co.uk/adw-quickquid.html?gclid=CM2LrNqii6ACFcJd4wodG3CRdg&src=goo&medium=PPC&campaign=QuickQuid+-+Brand+-+Brand&Network=5088dd4d5e68d6d20875bf233806c677&kw=quickquid&ef_id=2205:3:s_3cf9f94951597965010fe854d33cc5ae_3840766673:S4VDHNBkLCYAAElXct0AAAMA:20100224151748

but they make it clear, more fool the people that use them :)
#2
They can change what they like as long as they tell you first. You can then make the choice to use them or not.
#3
Short term finance always has exorbitant APRs. Even "reputable" banks that charge an overdraft set-up or penalty fee and then interest on top of that can come in at 100+% over a few day period.

Sadly, it's those who can least afford it who usually have to pay these fees.
#4
lil_tiger
so long as theyre advertising it then theres no problem......theres an ad on the tv that advertises 2000+% apr...cant remember who, quickquid I think

edit: yep Typical 2356% APR

http://www.quickquid.co.uk/adw-quickquid.html?gclid=CM2LrNqii6ACFcJd4wodG3CRdg&src=goo&medium=PPC&campaign=QuickQuid+-+Brand+-+Brand&Network=5088dd4d5e68d6d20875bf233806c677&kw=quickquid&ef_id=2205:3:s_3cf9f94951597965010fe854d33cc5ae_3840766673:S4VDHNBkLCYAAElXct0AAAMA:20100224151748

but they make it clear, more fool the people that use them :)


Ahhh that be Wonga.com Jim lad.

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