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interestrateripoff

A Loan Rate Of 493.9%apr For 18 Months!

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http://auto-money.co.uk/

Why are AutoMoney Logbook Loans so Popular?
  • We offer logbook loans from £100 to £5,000
  • Nothing to pay for 60 days
  • AutoMoney is NOT a payday loan company
  • We have a very simple and quick application process
  • We will consider applications from customers with a previous bad credit history or bankruptcy
  • Your cash will usually be in your bank account within an hour of your loan being approved**
  • No "early settlement" fees if you want to settle your loan more quickly*
  • We have many stores conveniently located right across the country
  • Can’t get to your nearest store? We’ll arrange a Meeting Point nearer to you
  • You can borrow with confidence knowing that we are proud members of the Consumer Credit Trade Association (CCTA)
  • We also consider applications from customers who have no previous credit history

Representative 493.9%APR

The vehicle may be repossessed if you do not keep up the repayments.

This is our Representative APR which means that we expect at least 51% of customers who obtain a loan as a result of this advert to pay this rate or lower.

LOANS SECURED ON YOUR CAR.

Just seen an ad for this on TV. I was gobsmacked at the rate quoted for a potential loan over 18 months! I'm guessing that the top rate will be for a loan at a couple hundred over 18 months rather than £5000, which would just balloon to a huge debt if you had 60 days with no payment and then pay it off over the remaining 16 months.

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