need a car?! need a loan for a car?! how does 437.4% APR sound?! get a logbook loan from cash converters! - HotUKDeals
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need a car?! need a loan for a car?! how does 437.4% APR sound?! get a logbook loan from cash converters!

Chrissieboy Avatar
6y, 4m agoPosted 6 years, 4 months ago
Example:

Loan Amount: £1,500

Weekly Repayment: £53.60

Loan Term: 78 weeks

APR: 437.4%

Total Repayable: £4,180.80
Tags:
Other Links From cash converters:
Chrissieboy Avatar
6y, 4m agoPosted 6 years, 4 months ago
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(22) Jump to unreadPost a comment
Comments/page:
#2
where do i sign up?
#3
GentleTouch
where do i sign up?


Haha! i just seen this on tv a few minutes ago!
#4
yeh did you see the advert for the wonga as well some ridiculous interest rate from them as well
#5
wow
#6
OMG that is SHOCKING!!!!!!!!!!!
banned#7
Sad thing is for some people this will be their only option
#8
how much for a new ferrari italia ? bout £190,000 with the options
#9
awesome, I was looking to get a loan of 10k so this rate sounds right up my street.

Thank OP
#10
ha just read the site the 437% is only a 'typical' amount and can be much higher is read this nugget of info : "The larger the APR the more expensive a loan, right? Wrong. It’s a common perception, but with Logbook Loan’s super-flexible approach to short term credit the opposite applies. This is a good indication of the potential for APR to mislead when trying to judge the cost of a short term loan".
#11
its 2435% if u want the loan for a month! hahahahahahhahaha poor people must be mugs, look after your credit ratings or one day you could end up needing the loan sharks
#12
[quote=effing & jeffing]ha just read the site the 437% is only a 'typical' amount and can be much higher is read this nugget of info : "The larger the APR the more expensive a loan, right? Wrong. It’s a common perception, but with Logbook Loan’s super-flexible approach to short term credit the opposite applies. This is a good indication of the potential for APR to mislead when trying to judge the cost of a short term loan".[/quote


aaahhh I see - thanks for clearing that up X)
#13
The provident also do similar loans at somewhere around the 2000% mark lol
#14
Wow! oO
#15
I've seen loan sharks chucked in jail for charging prices like that...!
#16
oO is this a bad deal ? got one of these on Friday !.....................................Joking :p
#17
Why is this not in deals, sure to get hot!
1 Like #18
vibeone
whatsThePoint
Sad thing is for some people this will be their only option


Thats not sad at all. People who take this, or are in such a position deserve all they get.


You need to shut up sometimes.
banned#19
Wotwot123
vibeone
whatsThePoint
Sad thing is for some people this will be their only option


Thats not sad at all. People who take this, or are in such a position deserve all they get.


You need to shut up sometimes.


The only reason I need to shut up is because I'll get banned if I say what I really think of "those" types of "people"..

urghhh.

Edited By: vibeone on Jul 26, 2010 07:42:
#20
No, it's just the world would be better off without you.
banned#21
Wotwot123
No, it's just the world would be better off without you.


The rest of the world disagrees
#22
vibeone
Wotwot123
No, it's just the world would be better off without you.


The rest of the world disagrees


with you*

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