Sunday, 30 December 2007

Debt


I recently received an unsolicited email from this company, offering a door-to-door loan service, where you borrow £300 and make £9 per week repayments, resulting in an APR of over 183%. I couldn't believe my eyes, 183%
This is sometimes the only way the most vulnerable members of society can access small cash loans to help pay for Christmas, but 183% is nothing short of an outrage.

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