Outrageous!

Check out the APR at the bottom.

http://www.phonesoncredit.com/Home.aspx

 

yeah, thats a p*ss take...mind you, if you take out a provident loan they can be upto 500% from what I've heard..!

edit - just checked the website and it's typically 177%...!!

 

Rates from 92.2 - 100.5% apr !!! Is this site for real or is it a p1ss take! Why would anyone advertise this? Well if ya mug enough to buy off this site then there's no hope for ya really.

 

desperate people with poor credit ratings where normal institutes wouldn't touch them...

 

if ya that desperate why not pick one up off ebay ? or get a pay and go mobile, no credit checks on them. There is despriate and there is stupid.
I question the morality of the site, 25 to 30% maybe, how far away is this from a Loan Shark??

 

I agree - but if you goto some poor estates the provvy (as I think they're known as) have a field day go around collecting money from these people - what else can they do..? - they've no income (to speak of) and the banks won't entertain them and companies like these make a killing...

 

http://www.providentpersonalcredit.com//products/LoanCalculator.aspx?&red=1

50 quid cash loan over 23 (months? years?)
.....

497.4%

they can **** RIGHT off.

 

I should have gone into money lending not IT, much more money to be made, and don't even have to do any 'work', how did I miss that one? (probably by never having any money I guess ??? )