Some junk mail we received recently

[ailbhe]

Comments

[helenprev.livejournal.com]

Gosh, the APR makes that a really attractive proposition....

[auntysarah.livejournal.com]

Loan sharks have glossy adverts now? Holy crap!

[ailbhe]

I can't work out how much that is in money. I just... can't get my head around numbers that big.

[clanwilliam.livejournal.com]

I don't think I get those - I think that sort of thing is dealt with by less respectable beings in my neck of the woods.

I get the phonecalls asking to speak to "Mrs DeLAHney" instead.

[rosefox]

Given the sentence preceding that, I can only assume there's a missing decimal point. I really hope there's a missing decimal point.

[ailbhe]

There was no decimal point in that number on either side of the card. Really, there wasn't.

[rpdom.livejournal.com]

It's a *very* short term loan, typically for a few days, or up to a week.

The APR is how much you would have to pay per year.

Borrowing £100 for a week, you'd expect to have to pay back (does rough sums in head) about £150. If you borrowed for a year it would cost about £2,456

(I think I got those figures roughly right, it is early in the morning)

[rosefox]

I remain horrified.

[pauamma]

That's when you reply "Aaoooww!" in your best Eliza impersonation, right? :-)

[uitlander]

I saw them advertising this on the TV yesterday, and boggled at whether my eyesight had gone crazy. The end of the ad claims they are a 'responsible lender' although quite how they define 'responsible' is anyone's guess.