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So this guy just knocked on my door..

38 posts in this topic

Posted

Just on the way out, but this has made me that mad that.....well it made me come here and post it.

Someone just gave my missus a leaflet saying have you heard of 'naylors finance', explaining he was like the provident. Wife kindly declined, he then said 'but you get 100 shopping vouchers' - wife 'but do you have to borrow anything to get the vouchers', he said yes and she declined again. Anyway the leaflet - £99 vouchers, 27 weekly payments blah blah - 422.4 APR!!!!! Jesus!!!

I dont live in the poshest of areas, but there is no wonder that the poor get poorer.

Should be illegal.

Alan

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Posted

i have seen up to 2000 % apr,

I agree it should be illegal

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Posted

but you can always decline, as your wife did , whats the issue here ?

I bet you are on the neighbourhood watch , maybe president ?

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Posted

seem like a good idea to me if people cant see past it then i think its there own fault but you do realise nearly ever cloths shop you go in every electronic store etc have the same system...... also why do you think banks love giving credit cards out etc

i see 10+ adverts a day on tv lending money which are even worse than this...

i think its a good money making business and has been for years a bit extream i agree

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Posted

442% apr is nothing compared to some of these robbing b@astards mate.

ive seen some at 2762%apr......fkn mind blowing.

fck all these companies making money off people who dont have a choice.

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Posted

yeah mate have you seen those b4rstards quick quid i hope they go to hell they are just like legal loan sharks i just hope no one falls for their stinky ****ty traps!

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Posted

Just on the way out, but this has made me that mad that.....well it made me come here and post it.

Someone just gave my missus a leaflet saying have you heard of 'naylors finance', explaining he was like the provident. Wife kindly declined, he then said 'but you get 100 shopping vouchers' - wife 'but do you have to borrow anything to get the vouchers', he said yes and she declined again. Anyway the leaflet - £99 vouchers, 27 weekly payments blah blah - 422.4 APR!!!!! Jesus!!!

I dont live in the poshest of areas, but there is no wonder that the poor get poorer.

Should be illegal.

Alan

It's called supply and demand mate I'm afraid. You'll find that it's the time of year when all these companies start to appear and hit the less affluent areas of the country.

There will always be a market for this kind of finance nowadays because kids want the same toys as the kids they got to school with, some parents can afford to pay cash but sadly the others have to use these Sub Prime companies every year.

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Posted

i have seen up to 2000 % apr,

I agree it should be illegal

It all depends how long the loan is over, if you look at Wonga.com they use an APR of 1000% over 4 weeks, when you look at how much you pay back it's not much.

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Posted

442% apr is nothing compared to some of these robbing b@astards mate.

ive seen some at 2762%apr......fkn mind blowing.

fck all these companies making money off people who dont have a choice.

That's why these companies are making millions off their doorstep loan operations.

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Posted

Don't you just love the crimbo season

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Posted

meh wonga etc have there place because of silly bank charges

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Posted

I know what you mean, can become very tempting whatever the APR, if you have been really skint for a bit.

I bet tons of people will go for it, espesialy if not really clued up.

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Posted

442% apr is nothing compared to some of these robbing b@astards mate.

ive seen some at 2762%apr......fkn mind blowing.

fck all these companies making money off people who dont have a choice.

who else you gonna make money off ??

do you really think big corporations are any different ? they make money through people being desperate for their product .

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Posted

but you can always decline, as your wife did , whats the issue here ?

I bet you are on the neighbourhood watch , maybe president ?

The issue i have...well a few have already hit the nail on the head for me. Yes wife declined,but others less clued up might now. Or those in hard times. I guess that is my issue.

Dont even know what to say to the neighbourhood watch comment..

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Posted

... because kids want the same toys as the kids they got to school with, some parents can afford to pay cash but sadly the others have to use these Sub Prime companies every year.

Kids today! I was quite happy with a tangerine and a few brazil nuts me

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Posted

You could try looking in her profile. :wink:

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Posted

You have to remember it is apr not flat rate, so obviously depends on the term. Loads of higher apr lenders about

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Posted

How old are you? :)

41 ahem ok at least im honest (but look about 36)

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Posted

My problem with these tw*ts is they probably get a big commission for stitching poor, stupid, desperate people up with these deals...

I would have fu*ked him right off and told him what a parasite he was...

They all do it, look at the banks etc now, gave commission to there staff to force PPI insurance and now there getting burned for it... good enough for the greedy bastards...

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Posted

Thing is, they knock on old peoples houses, which could be ur mum/dad/nan/grandad and them BOOM they've just beem scammed because old people aint on the ball (some) my gf's nan got scammed £80 but she was silly to fall for it but umfortunetly it happens! i agree, it should be banned IMO

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Posted

Glad the general feeling is that they are cnuts then. Winds me up, same as them accident claim people who stand in town touting for business - these people cripple small businesses. All out for a quick quid by taking advantage of people who are usually on their ass and need money. God im turning into a miserable bugger..

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Posted

My problem with these tw*ts is they probably get a big commission for stitching poor, stupid, desperate people up with these deals...

I would have fu*ked him right off and told him what a parasite he was...

They all do it, look at the banks etc now, gave commission to there staff to force PPI insurance and now there getting burned for it... good enough for the greedy bastards...

would you do this for a job if there was 0 work out there except for this one job ? the alternative is to go without any money for who knows how long ?

my point is people do not choose these jobs but need to do them due to needing money to pay rent or feed the kids .

its how people do these jobs that get me .

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Posted

i have seen up to 2000 % apr,

I agree it should be illegal

The money shop or some other payday loan thing a few month ago was advertising 3000% apr. now i'm no genius with figures, but does that mean that if you lend one pound for a year, you now owe 3k? or am i missing something.

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Posted

The money shop or some other payday loan thing a few month ago was advertising 3000% apr. now i'm no genius with figures, but does that mean that if you lend one pound for a year, you now owe 3k? or am i missing something.

your not missing anything m8 .

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Posted

I used Wonga recently whilst I was waiting for my student loan. Borrows £200 for 12 days and paid back £266. FML.

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