COLIN T
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No one is that desperate that they should take a loan out with APR of 63%. (per year remember) That is not an interest rate, that is ursury. Dont do it! |
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talismb
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Are you ******* nuts??? Who are you going to a loan shark in a pool hall?
No one needs a loan at that rate, even the worse credit card doesn't charge even half of that. |
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``The Floridian``
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Only out of total despitation should you take such an offer... that's loan sharking! Better reconsider and shop around. |
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Helen M
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It depends on the term of the loan - you will probably end up paying alot (and I mean alot!) more. Please don't touch this with a barge pole - its extortionate and I can't believe anything is worth that sort of price... |
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Paul
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you are correct, but only if you pay it back in a year! be careful, credit cards can be useful although if your rating is that bad i think you may already have your share of those |
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maxmom56
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That's an insane interest rate that may not even be legal. You would be crazy to take the loan. |
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Josh M
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Don't Walk Run away from that deal |
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Fooligan
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That's enormous. You should try the website Zopa where you borrow from other people rather than banks. I'm sure you'll be able to get a much lower rate than that...even with a bad credit history:
http://uk.zopa.com/ZopaWeb/public/borrowing/borrowing-at-zopa.html?utm_medium=mgm&utm_source=GADWORDS_BR_0000005&utm_campaign=GADWORDS_BR_0000005 |
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sexyma
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Jesus, that's extortionate...please try some other companies before you agree to this..try Ocean finance and other reputable lenders. |
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B M
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63% isnt high for low value loans eg £2,000, these days.
Banks offer those loans to those with poor credit history cause they are a higher risk, if you need the cash and the repayment is acceptable then take it.
Next time you should be ok for a 9% from a good lender, assuming youve no bad credit and you pay back this loan ok |
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dunrobin46
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Sounds about right.
Look at this consumer site to see if you could do better |
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