Monday, Dec 17, 2007
The sheeple will turn to ANYONE to get credit..
Telegraph: Britons turn to expensive loans as crunch bites
Provident Financial, which lends money door-to-door in the UK to people with a poor credit history, is gaining customers from the high street banks as they impose stricter lending criteria in the wake of the credit crunch.
Have you seen their API rates. OUCH!!
Posted by garybug @ 11:12 AM (223 views) Add Comment
2 Comments
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1. sovietuk said...
"The average loan within its home credit business is £300 and for its standard one-year loan, Provident charges an APR of 183pc"
These are usually to people with little or no money. Although the people lending the money would be better suited to running concentration camps, how the products can get on the market in the first place is a sad reflection on our laws.
2. The Xyy Man said...
I warn you all now - from experience - keep the f*ck away from these people.
"Provies" are the staple diet of the "chav scum" that a lot of people on this site pour scorn on. Unless you have an insane desire to join the ranks of the "chavs" you so despise, DO NOT EVER get one of these "loans" - I guarantee the one loan will become three within 6 months, and you will be trapped.
If you find the idea of taking heroin abhorrent, then treat these people with the same disdain - otherwise they WILL destroy you just as quick as smack.
I sh1t you not...