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discomobiledj
10-10-2008, 01:47 PM
Providing you own your own vehicle that is clear of finance, Logbook Loans can provide you with a simple fast loan.
APR 437.4%.
:eek: :eek: :eek: :eek: :eek: :eek: :eek: :eek: :eek:

Surely that's not right? Is it?

Danno13
10-10-2008, 02:00 PM
LOL! I think that's right, as on their website they've even given example repayments. You'd pay back over £4k on a £1.5k loan, I suppose its probably designed for people with bad credit history though.

discomobiledj
10-10-2008, 02:01 PM
I'm in the wrong business

PropellerHeadCase
10-10-2008, 07:38 PM
Yeah, and those are the loans that brought about the credit crunch and the bank collapse in the US.