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Mrs Cruise & Dee

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PostSubject: quick quid   quick quid EmptyTue Apr 26, 2011 11:32 pm

just seen the advert on the telly ,,,, borrow money untill payday ,,,
with a special code you can 25 % off ,,, thought to myself well thats going to entice ppl to get money from them ,,,,, just hope and pray they see the 1734 % interest !!!!

that is absoloutley shocking ! i personally think companies like that should be banned ! , they make it to easy for ppl to get cash quick and those who are sitting with very little gas , leccy or food would not think of the interest at the time im sure Sad !
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PostSubject: Re: quick quid   quick quid EmptyTue Apr 26, 2011 11:38 pm

It's terrible! I've seen so many ads like that, I saw one that was over 2000%
My sister did a pay day thing once she's still paying now after all the crap she got from it!
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PostSubject: Re: quick quid   quick quid EmptyTue Apr 26, 2011 11:59 pm

they arent all so bad, for example, if you had a direct debit that was due in a couple of days, and you got paid a few days after, the bank charge for a failed direct debit would be more than the interest, as that interest rate is for a year and you only have the loan for 31 days max.
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PostSubject: Re: quick quid   quick quid EmptyWed Apr 27, 2011 12:25 am

I hate those companies! They're scum and should be banned. They're legalised loan sharks! Grrrrrrrrrrr just makes me mad!
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Claire

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PostSubject: Re: quick quid   quick quid EmptyWed Apr 27, 2011 12:47 am

Its terrible i saw one saying 4000% Wtf eh?
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*ShevAndLissieLou*

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PostSubject: Re: quick quid   quick quid EmptyWed Apr 27, 2011 12:55 am

They are really bad arent they, I think its bad enough that Halifax charge £1 per day to use your arrnged overdraft let alone 4000% interest sheeesh! xx
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PostSubject: Re: quick quid   quick quid EmptyWed Apr 27, 2011 1:25 am

jessicar1990 wrote:
they arent all so bad, for example, if you had a direct debit that was due in a couple of days, and you got paid a few days after, the bank charge for a failed direct debit would be more than the interest, as that interest rate is for a year and you only have the loan for 31 days max.

yes I suppose if you did this it would be ok. But the companies are hoping you don't. It's a really slippery slope to get on to!

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happy

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PostSubject: Re: quick quid   quick quid EmptyWed Apr 27, 2011 3:09 am

see i think they are good for a coiple of quid for a few days. but not for the whole month!
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PostSubject: Re: quick quid   quick quid EmptyWed Apr 27, 2011 6:52 am

The interest rates some people pay is shocking

My mums friend had debts on credit cards so her boyfriend (he is an ARSE) got her a loan for £15000...she didnt even have debts that much so no idea where the rest went

Anyway...she pays £290 a month ......... for 15 years Shocked = total paid back £52000

WTF when my mum told me I nearly fell off my chair and told her she HAS to sort this out for her (English isn't her 1st language and she is quite naive)
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