i don’t really know if you guys have ever noticed these new payday loan companies that are all over the TV at the moment. was wondering if you know anyone that has been stupid enough to get a loan from these guys.
i spotted the amount of APR on one advert and have been looking at these when they come on.
Quick Quid is one of the cheapest with ARP at 2356% with the highest one (can’t remember the name) being 19000% i originally thought this was a typo. i’ve looked into this and its right if say you borrow £50 the total amount repayable with in one day is £64.75
I hate to think there are people who will resort to taking loans because they desperatly need money, but I’m sure there’s always somebody who will. I honestly couldn’t picture anybody admitting to doing so. (and no, I haven’t) 
A new one to me, although I’m gonna go through the company’s website just to see this for myself.
Saying that, I’m actually seeing less adverts for loans right now and more for ‘send us your gold for cash’ exchange companies!
i honestly could believe my eyes when i saw the APR check out the bottom of the page http://www.quickquid.co.uk/ and for the other one i mentioned as soon as it comes on tv i’ll post up the name
Wow, people must be desperate, the highest I’ve seen so far have ranged from 30-80% but 2356…?!? I’d get a better rate from a loan shark! 
Still, we can all have a laugh during tough times, try this advertisement:
PMSL
blood sucking leaches feeding off other peoples misery and desperation…sorry rant over lol;)
Isn’t it because of all the bank loans etc that is the cause for the global recession?
Could ask the bank manager, he dosen’t seem to bothered. Mr **** ‘Head’ Fuld is riding high at his 22m mansion in Jupiter Island, FL.
Damn right Chris! Next time I visit the states remind me to pay him a visit.
[quote]costa093 (10/28/2009)[hr]Could ask the bank manager, he dosen’t seem to bothered. Mr **** ‘Head’ Fuld is riding high at his 22m mansion in Jupiter Island, FL.
Damn right Chris! Next time I visit the states remind me to pay him a visit. ;)[/quote]
Oh dear! It appears I’ve been censored… ok, Mr Richard ‘Head’ Fuld then. 