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House Price Crash Forum

Apr Comparisons

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  • 6 months later...
Hi All,

Love this forum.

What do you think of APR comparisons? I know that the APR calculation has a set set rules in the UK so organisations don't cheat their numbers but something makes me think that maybe they don't always play fair.

Have you guys and girls got any thoughts on the APR rules?



Slightly digressing. I suppose PPI is the most obvious way of duping your average credit card user into paying an extra 10% APR.

Or as the banks would tell you...PPI is not charged as a percentage of your balance but as a flat 10 pence in the pound on any outstanding balance... :ph34r:

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