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Post by westonkevRS on Aug 23, 2015 13:42:05 GMT
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Post by parag on Aug 23, 2015 16:15:54 GMT
Speechless
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Post by oldnick on Aug 23, 2015 16:23:44 GMT
It's a trap!
I got loads of sweets and now I feel sick. Hope they don't really want the money back...
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SteveT
Member of DD Central
Posts: 6,873 
Likes: 7,918
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Post by SteveT on Aug 23, 2015 17:11:57 GMT
I particularly like the small print:
"Representative example Amount of credit: £10 for 18 days. Interest: £24.65. Interest rate: 246%pa (fixed).Transmission fee: £5.50. Total repayment of: £40.15 plus late payment charge of £20 rolled over for next 18 days plus interest. Second missed repayment of £148.31 plus late payment charge of £20 rolled over for next 18 days plus interest. Third missed repayment of £415.01 rolled over with interest and so on and so on until we take you for everything you have and you lay awake at night with the stress boiling in your veins, going over and over what you owe and who you owe it to and what you can sell or pawn just to keep your neck above the water for another week. Representative 5000% APR. Fees charged on missed payments, early repayments or non-payments with compound interest added to every last bit of it."
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adrianc
Member of DD Central
Posts: 9,014
Likes: 4,825
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Post by adrianc on Aug 23, 2015 18:39:49 GMT
"cheaper than wonga.com"
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Post by oldnick on Aug 23, 2015 18:40:09 GMT
If only I'd done dd.
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Post by domUP on Aug 24, 2015 10:55:27 GMT
Wonder what the FCA would say......
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jo
Member of DD Central
Posts: 727
Likes: 492
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Post by jo on Aug 24, 2015 11:13:47 GMT
Biting satire is rare these days!
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Post by ranjeb on Aug 24, 2015 11:43:15 GMT
"Q. What does APR mean?
It stands for Annual Percentage Rate and it's really confusing and boring."
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shimself
Member of DD Central
Posts: 2,561
Likes: 1,170
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Post by shimself on Aug 24, 2015 11:46:53 GMT
Wonder what the FCA would say...... After due consideration and in accordance with para 9.8.94 of the shystering code of practice regulations subsection subsection we find that the requirement to pledge one's immortal soul is is clearly laid out on page 123 of the accompanying pdf document which has been made available to all interested persons. We therefore deem the offer to be fair and reasonable within the meaning of the act. Case Closed. Kerching.
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Post by sterilized on Aug 24, 2015 11:49:55 GMT
Pocket Money Loans t-shirts£15 or just £3.85 a week for 57 weeks.  |
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Post by domUP on Aug 24, 2015 13:51:16 GMT
Personal favourite extract...
"We help you buy the things you can't afford! If you're unable to make your repayment on time, don't worry! Each missed repayment only adds a late charge to your bill, plus compound interest on the total amount (I know, boring right?) As an added bonus three consecutive missed repayments means you also qualify for a free toy!"
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duck
Member of DD Central
Posts: 2,586
Likes: 5,753
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Post by duck on Aug 24, 2015 17:09:16 GMT
Secured Loans on the Commercial Property available soon .....
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JamesFrance
Member of DD Central
Port Grimaud 1974
Posts: 1,317
Likes: 893
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Post by JamesFrance on Aug 24, 2015 17:31:01 GMT
Maybe this is Bondora entering the UK loan market.
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james
Posts: 2,205
Likes: 955
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Post by james on Aug 24, 2015 19:06:19 GMT
Maybe this is Bondora entering the UK loan market. They'd probably show up on the market as "income and expenses verified" "young professionals" with "basic education" having left school at 16 based on a newspaper delivery job. 
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