Beware APR 254% and fixed annual interest of 78% Still legal in UK

[Bertie Doe]

Someone's (Shopacheck) been putting spam thru' the doors for Xmas loans. I
was suspicious as there's no mention of APR.
(Perhaps for small loans, they are outside the FSA?)
They invite you to get a quote on:-
http://www.lenderscompared.org.uk/
I entered an amount for £500 over 12 months (cheapest lenders first)and
Shopacheck weren't mentioned.
One of the cheaper ones £500 borrowed, 254 % APR at a fixed annual interest
rate of 78 %.

..... gobsmacked ......

[Brian Gaff]

Well you gotta make your money somehow I suppose.
There are of course infinite loans, they are called rentals.

Brian
--
Brian Gaff....Note, this account does not accept Bcc: email.
graphics are great, but the blind can't hear them
Email: ***@blueyonder.co.uk
______________________________________________________________________________________________________________

Post by Bertie Doe
Someone's (Shopacheck) been putting spam thru' the doors for Xmas loans. I
was suspicious as there's no mention of APR.
(Perhaps for small loans, they are outside the FSA?)
They invite you to get a quote on:-
http://www.lenderscompared.org.uk/
I entered an amount for £500 over 12 months (cheapest lenders first)and
Shopacheck weren't mentioned.
One of the cheaper ones £500 borrowed, 254 % APR at a fixed annual
interest rate of 78 %.
..... gobsmacked ......