pay day loans

randella

On Brighthouse for a second...

With these buggers it's not just the exorbitant interest rates, it's that they're selling crap. Old, discontinued models at eye-watering markup, with the appalling APR stacked on top. Crap washing machine £200 in an end-of-line sale at AO will cheerfully sell for 10s if not 100s of percent markup on that at Brighthouse.  That's the base cost that you're then paying back at 1000s of % APR. 

It really is highway robbery, I don't care how you stack it. 

uncledick

Has anyone tried going over an on overdraft limit with a high street bank?  You go £20 over so you pay in 30 quid only to find that they've charged you 35 quid to tell you you went over.  This means they'll charge you the same again tomorrow ad infinitum.  In less fortunate times I got in a pickle due to an incompetent accountant which produced a big tax bill - like £10k when he'd told me to expect £3k.  Lloyds saw fit to lend me £5k(!) and by the time I'd cleared the debt I worked out that I'd been paying the equivalent of 4300%.  Nobody smiled more than me when the PPI cheque came through 20 years later