Quick Loans Adverts on TV
I am just sitting on the computer with the TV on in the Background. The Adverts came on and as usual I tuned out until one of those "Get a Quick Short Term Loan" Adverts came on.
Now I am not in need of a Loan but I was curious what the interest rate would be so I read the print on the screen and I found this info. In my mind I thought the interest rate would be fairly high, about 100% to 150% but I was Gob-Smacked when I read that the interest Rate was ......Wait for it.....here it comes......:-
2356% APR
Is it just me or is this rate of interest just excessive and is taking advantage of people who are in a real financial bind. I still can't get over this 2356% Interest Rate, I just do not know how they get away with this.
Deep into that darkness peering, long I stood there, wondering, fearing, doubting, dreaming dreams no mortal ever dared to dream before.
Edgar Allen Poe
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