2,000,000% APR.............

[Vesuvius 996]

Stupid thick bitch.

http://news.sky.com/skynews/article/0,,30400-12980...

[Neil_Sc]

Vesuvius 996 said:

Stupid thick bitch.

http://news.sky.com/skynews/article/0,,30400-12980...

[10 Pence Short]

If only I'd known. I'd have lent her the cash at 500%.

[Retard]

If they don't know any maths it's hard to blame her imo.

[Munter]

anonymous said:

[redacted]

Yeah I dont see the problem here. It's some kind of short term loan. So if you pay it back as agreed no problem. If you dont they fine you a lot.

If your not going to be able to pay it back, dont take it!

[AlexKP]

Vesuvius 996 said:

Stupid thick bitch.

http://news.sky.com/skynews/article/0,,30400-12980...

Maybe, but not everyone is clever. This is a clear case of a company taking disgraceful advantage of a situation. Just because she isn't smart enough to realise what all the terms mean does not imply that she should be abused in this way.

[wasted years]

Vesuvius 996 said:

Stupid thick bitch.

http://news.sky.com/skynews/article/0,,30400-12980...

Oh

[Retard]

anonymous said:

[redacted]

[odyssey2200]

anonymous said:

[redacted]

[fadeaway]

anonymous said:

[redacted]

The company involved said:
"The charges on our loans are competitive in the market, and we like to think we are responsible lenders,"

I don't think I could claim 2.6 million percent as responsible and keep a straight face!

[Retard]

anonymous said:

[redacted]

Basically you need no grasp of numbers. That's about a quarter of the population...

[fadeaway]

odyssey2200 said:

yes but how ING MONUMENTALY STUPID do you have to be to agree to monthly payments that are higher that the amount you are borrowing?

But she didn't. She borrowed £320 for a week, at a cost of £80. The interest rocketed when she didn't pay it back at the end of the week - and I'm guessing this rate was in the very small print (although taking out a week loan doesn't sound like a smartest financial move in the world )

[Retard]

anonymous said:

[redacted]

Nope, the alternative is that the underclass have the dangers and features of a financial contract clearly explained to them, as well as their suitability for it assessed, as they are supposeed to have under FSA rules.

[Graham]

how do you get into money loaning... Im up for that rate of return....

[turbobloke]

anonymous said:

[redacted]

You can only sidestep Darwin so far but sometimes it's worth a try.

[Retard]

anonymous said:

[redacted]

I certainly don't want them being noddyed - but if you think the salespeople are meeting their legal obligations you must be mad! They probably make about as much money as this silly bint, and are very unlikely to be explaining things properly.

[Retard]

anonymous said:

[redacted]

Yep.

Nothing is ideal.

Shame.

[odyssey2200]

fadeaway said:

odyssey2200 said:

yes but how ING MONUMENTALY STUPID do you have to be to agree to monthly payments that are higher that the amount you are borrowing?

But she didn't. She borrowed £320 for a week, at a cost of £80. The interest rocketed when she didn't pay it back at the end of the week - and I'm guessing this rate was in the very small print (although taking out a week loan doesn't sound like a smartest financial move in the world )

It said

"She wound up paying more than £800 a month - nearly £700 of that interest - on a total debt of just £545."

[Retard]

anonymous said:

[redacted]

I agree.

The difficulty is that the people who most "need" protecting are the people who are least likely to talk to financial advisors, or whatever.

What to do?

My extremist preferred solution is to say them, of course. But it doesn't really fit in with the rest of our socialist society.

[Hooli]

if she is that retarded then she deserves it. christ its not difficult to understand that you pay a loan back or pay extra. you then read the form & see how much extra.
dumb arse bitch.