How much?
I just watched one of those "cash 'til payday" ads on the TV. As usual, there was the young housewife with not a hair out of place, in her pristine kitchen, tapping in to her laptop (which appeared to be wirelessly connected to the internet) adding up figures on a pad. Wryly she spoke to the camera about not having enough cash "this month" and peddling the short term loans from the obviously 'helpful' and 'easy to contact' company sponsoring the ad.

They were quoting an APR of 2356%.

TWO THOUSAND THREE HUNDRED AND FIFTY SIX PERCENT!

I'm in the wrong business.

Anyone else feel that this is all kinds of wrong?
(Captain Placid 24/7 ball gags, brownie mix and clown porn, Tue 29 Dec 2009, 17:03, 33 replies, latest was 16 years ago)

surely their's a
. in there somewhere?!
( Citizen Cavy Admires your passion for conformity, Tue 29 Dec 2009, 17:11, Reply)

there's...

( Monty Boyce, My cheese game is strong, Tue 29 Dec 2009, 17:38, Reply)

shit
can't believe I did that

sorry
( Citizen Cavy Admires your passion for conformity, Tue 29 Dec 2009, 17:40, Reply)

Quite alright.

( Monty Boyce, My cheese game is strong, Tue 29 Dec 2009, 17:49, Reply)

fuck me that's appalling
I shall repost in reply that I once got a grubby business card through my door (in the East End) offering cash loans of between £10 and £300. It said something like 'no need to make payments at the bank - we will collect!'.

I was fucking scared just reading it. A £10 loan would be a grand in about an hour, and you'd be in the fucking canal within a week.

Gotta love them cockneys...
( Monty Boyce, My cheese game is strong, Tue 29 Dec 2009, 17:12, Reply)

Up here they have/had a thing call Provident Cheques
Or, 'provvy cheques' as they were known. The simpletons who took jobs going to collect the weekly amount from the proles who took them out where inevitably battered and their takings, taken.

An Xmas favourite that kept giving/taking well into the year after.
(Cancer Joy was short lived, Tue 29 Dec 2009, 17:16, Reply)

ha - oh dear...

( Monty Boyce, My cheese game is strong, Tue 29 Dec 2009, 17:34, Reply)

I spotted this too a couple of hours ago
I looked for the decimal point, and it's definitely not there...
( Hdjejjwsjdjjf LOOK, Tue 29 Dec 2009, 18:03, Reply)

My sister has the right idea.
She goes to the bank of Blousie. No interest and long repayment options.
( girlinthehole, Tue 29 Dec 2009, 18:19, Reply)

Sounds great
I'll have a credit account please!
( Roota zweeeeeoooooowm, Tue 29 Dec 2009, 18:26, Reply)

My dad always lends money to me
on the terms that he gets 10% of my first million

he might be waiting a while
( Citizen Cavy Admires your passion for conformity, Tue 29 Dec 2009, 18:32, Reply)

I didn't see it but a little search engine work
... turned up the Ts and Cs from an outfit called QuickQuid.

My emphasis

=====
Terms and Conditions apply. Finance charge will be between £10 and £14.75 per £50 borrowed. Typical 2356% APR. †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.
=====

High tech loan sharks. I'm amazed this is legal.
(daizi last tried to escape on, Tue 29 Dec 2009, 18:48, Reply)

but they use the get-out clause, right at the end there...
"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."

slimey cunts aren't always nice cunts.
( blaireau69 , the Cumbrian Travis Bickle., Tue 29 Dec 2009, 18:57, Reply)

Whilst counting on the fact that anybody who would consider using their "service"
wouldn't read the small print anyway.

I thought one was supposed to fuck cunts, not the other way round.
(daizi last tried to escape on, Tue 29 Dec 2009, 19:00, Reply)

Wireless internet? Fuckin' 'ell, steady on.

( G/PP 💩💩💩💩💩&#128, Tue 29 Dec 2009, 18:51, Reply)

if you can afford wireless interent
you should think about consolidating all your debts into one low monthly repayment, quitting university and then doing one of your relatives up the arse.
(Bazongaloid, Tue 29 Dec 2009, 18:55, Reply)

surely that boils down to "if you can afford internet"
seeing as virgin and co give you a free wireless router
( weaver., Tue 29 Dec 2009, 19:07, Reply)

Surely this boils down to
not getting the in joke.
(Bazongaloid, Tue 29 Dec 2009, 20:54, Reply)

Over here they're considering making this illegal.
You can always tell when you're in the sketchy part of town when you see the following:

-many fundamentalist churches
-lots of fast food places, especially fried chicken
-payday loans and check cashing services.

All three of the above prey on the poor mercilessly.
( The Resident Loon Not a demographic. Do not measure., Tue 29 Dec 2009, 19:49, Reply)

In Edinburgh
The only shop I know of that sells an Absinthe stronger than 80% is directly opposite one of those "payday loan" places. I think that this is not an accident.
( Hdjejjwsjdjjf LOOK, Tue 29 Dec 2009, 22:01, Reply)