Bit skint? Wanna raise some cash quick? Have no fear, look here!

[Caesium]

Check this site out;

http://www.logbookloans.co.uk

Scroll to the bottom to see what a bargain it is, although I think the .4% is the bit that put me over the edge....

 

[alijames]

437% interest? Loan sharks charge less than that!!

Cheers,

 

[Neilybabs]

although I think the .4% is the bit that put me over the edge....

Same here I mean, how greedy can they be to put that .4% on ***?!

 

[Nilz]

Phew!!!!!

 

[Broken Byzan]

Where do i sign ???
LOL

 

[fingermouse]

is that a joke site ????

 

[Road Razor]

At APR of 437%, I entered £50k (loan amount) into a Loan & APR calculator just to see what results it returns:

(3 years duration)
Number of Monthly Repayments: 36
Monthly Loan Repayment (£): £7,570.00
Total amount to repay (£): £272,520.10
Total Interest charged (£): £222,520.10

(Spread across 6 years)
Number of Monthly Repayments: 72
Monthly Loan Repayment (£): £7,521.54
Total amount to repay (£): £541,550.84
Total Interest charged (£): £491,550.84 :sign_omg:

(Spread across 10 years)
Number of Monthly Repayments: 120
Monthly Loan Repayment (£): £7,521.23
Total amount to repay (£): £902,547.31
Total Interest charged (£): £852,547.31 :Flush:

These are just approximate figures. But yeah that's just pure greed.

 

[jojo]

Hmm. I could borrow quite a bit with all the logbooks I got lying around!

 

[lil_coz]

I think its a typo. They accidently pressed 4 and 3 before putting in 7.4%. Either that, or they wanted to be REALLY accurate and they just put the decimal point in the wrong position. It's really 4.374%




You don't want to be missing any payments would you!?