Daylight Robbery!

Discussion in 'Community Discussion' started by iNash, Apr 18, 2009.

  1. iNash macrumors 6502

    iNash

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    Jan 18, 2009
    Location:
    Hanslope, UK
  2. Surely Guest

    Surely

    Joined:
    Oct 27, 2007
    Location:
    Los Angeles, CA
    #2
  3. Ryan1524 macrumors 65816

    Ryan1524

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    Apr 9, 2003
    Location:
    Canada GTA
  4. shfreelance macrumors 6502a

    Joined:
    May 24, 2008
    Location:
    Eustis, FL
    #4
    Should have read the small print... Damnit...
     
  5. imaketouchtheme macrumors 65816

    Joined:
    Dec 5, 2007
    #5
    Yes, I enjoy TWO HUNDRED AND FIFTY FOUR POINT FIVE PERCENT AYE PEE ARE. I went a little crazy on the caps, not usually like me, but I felt it was needed.
     
  6. iNash thread starter macrumors 6502

    iNash

    Joined:
    Jan 18, 2009
    Location:
    Hanslope, UK
    #6
    Surely there must be some kind of FSA/Regulatory body to prevent this?
     
  7. Surely Guest

    Surely

    Joined:
    Oct 27, 2007
    Location:
    Los Angeles, CA
    #7
    Why are you asking me? How would I know? :D
     
  8. dukebound85 macrumors P6

    dukebound85

    Joined:
    Jul 17, 2005
    Location:
    5045 feet above sea level
    #8
    why should there be?
    people have to agree to it to use their service. if they dont like it, dont borrow from them
     
  9. chrmjenkins macrumors 603

    chrmjenkins

    Joined:
    Oct 29, 2007
    Location:
    CA
    #9
    I've never seen someone so happy about being raped.
     
  10. iNash thread starter macrumors 6502

    iNash

    Joined:
    Jan 18, 2009
    Location:
    Hanslope, UK
    #10
    I'm not... and stop calling me Shirley... ;)
     
  11. satty macrumors 6502

    Joined:
    Mar 1, 2004
    Location:
    You can't beat Wellington on a good day
    #11
    At least 245% APR is not misleading and you can compare it with the 20% APR of a credit card.

    I saw an advertising here in New Zealand for loans with 8% interest rate per week with no information about the APR given. For many of the New Zealanders and other people not understanding interest this might look like a bargain compared to other products like credit cards.

    I doubt they would think one second about a loan with a given APR over 5000% and would even suggest that the advertising has to give following information: For each 1,000 we give you today we expect 54,000 at the end of the year back.

    As an example: In New Zealand the 1,000 NZ$ buys you a cheap TV, while the average income is around 45,000 NZ$.
     
  12. yojitani macrumors 68000

    yojitani

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    Apr 28, 2005
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    An octopus's garden

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