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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!

    Example:

    Loan Amount: £1,500

    Weekly Repayment: £53.60

    Loan Term: 78 weeks

    APR: 437.4%

    Total Repayable: £4,180.80

    22 Comments

    where do i sign up?

    Original Poster

    GentleTouch

    where do i sign up?



    Haha! i just seen this on tv a few minutes ago!

    yeh did you see the advert for the wonga as well some ridiculous interest rate from them as well

    wow

    OMG that is SHOCKING!!!!!!!!!!!

    Banned

    Sad thing is for some people this will be their only option

    how much for a new ferrari italia ? bout £190,000 with the options

    awesome, I was looking to get a loan of 10k so this rate sounds right up my street.

    Thank OP

    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".

    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

    [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)

    The provident also do similar loans at somewhere around the 2000% mark lol

    Wow! oO

    I've seen loan sharks chucked in jail for charging prices like that...!

    oO is this a bad deal ? got one of these on Friday !.....................................Joking

    Why is this not in deals, sure to get hot!

    vibeone

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

    Wotwot123

    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.

    No, it's just the world would be better off without you.

    Banned

    Wotwot123

    No, it's just the world would be better off without you.



    The rest of the world disagrees

    vibeone

    The rest of the world disagrees



    with you*
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