illegal or just outrageous?
i was just realty bored so started searching the internet and the quick quid advert came on, so i had a look!!
this is there website: http://www.quickquid.co.uk/
this is there t+C small print
Terms and Conditions apply. T. †Loan amounts are based on consumer’s credit history and ability to repay loan. Not everyone may qualify for £1000 ‡QuickQuid performs traditional credit checks, while still accepting those with less-than-perfect credit. QuickQuid verifies applicant information via various national databases. §Funds will be deposited the same working day, if approved by 14:30. ¶Approval may take up to 30 minutes in most cases. Payday advances should be used for short-term financial needs only, not as a long-term financial solution. Customers with credit difficulties should seek credit counselling.
correct?
Typical 2356% APR
is this actually legal?
why hasnt watch dog got involved??
1 pound at 2356% APR after 1 year is 2356 pounds in debt!!! why!!!!
(im under 18 and not even going to bother but im wondering if this is legal for a registered company)
I don’t see why it wouldn’t be legal. These services make their money of short term loans, typically a few days.
I wouldn’t advise ever using it..
payday loan and im in Spain?">I need a payday loan and im in Spain?
bastards!
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I don’t see why it wouldn’t be legal. These services make their money of short term loans, typically a few days.
I wouldn’t advise ever using it..
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Its probably a typo. It should probably be 23.56%
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You have to keep in mind to whom these companies cater to . The bulk of their customers are the pot-heads and Meth addicts of the nation . These people would be hard pressed to spell their own names correctly , much less comprehend the significance of a 2356% APR !
That`s why the apr can be printed in big , bold , block numbers !
To them , 1% or 2356% has absolutely no meaning other than getting their next stash or fix ! Once involved with these parasitic vultures , they`re usually in for life , because if they`re not paid back within the specified period , it becomes virtually impossible to EVER pay the loan off !
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