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.