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 A Real Bargain

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bobdemol
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Joined: 30 Dec 2008
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Location: Belgium


PostPosted: Mon Sep 05, 2011 6:05 pm Reply with quoteBack to top

So I applied for a loan the other day and have now received the "computation of the loan terms"

Quote:

COMPUTATION OF THE LOAN TERMS

Principal Amount___ 5,000 GBP ____
Loan Duration__2 Years_
Interest Rate____3%______
Total interest paid at the end of terms__ 214.91 GBP ____
Monthly Repayment ____ 5,157.74 GBP ____ Shocked
Total amount paid at the end of terms___ 157.74 GBP ____

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Seamless
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Joined: 16 Apr 2009
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PostPosted: Mon Sep 05, 2011 6:12 pm Reply with quoteBack to top

Arithmetic is not the lads strongest suit.

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eddie shoestring
Not quite a Newb


Joined: 22 Jul 2011
Posts: 50


PostPosted: Mon Sep 05, 2011 8:32 pm Reply with quoteBack to top

Seamless wrote:
Arithmetic is not the lads strongest suit.


Could be from WONGA.com, their interest rates are pretty similar Very Happy

I'm not joking either Very Happy

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Nailgunner
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Joined: 01 May 2008
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PostPosted: Mon Sep 05, 2011 11:33 pm Reply with quoteBack to top

Plenty of scumbags around and the FSA are registering more every week ...

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Dharma
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Joined: 11 Jun 2008
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PostPosted: Thu Sep 08, 2011 9:22 am Reply with quoteBack to top

I would go for it, such bargains are difficult to find today!

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BertjeAass
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Joined: 25 Dec 2009
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PostPosted: Thu Sep 08, 2011 9:30 am Reply with quoteBack to top

<offtopic>

eddie shoestring wrote:

Could be from WONGA.com, their interest rates are pretty similar Very Happy

I'm not joking either Very Happy


apparently, you are not!!

wonga.com wrote:

We are committed to responsible lending


Nonetheless:

wonga.com wrote:

Representative APR 4214%


Of course, they explain on the site that they do not actually charge you thousands of procents of interest....:

wonga.com wrote:

The annual rate of interest is 360%.


pffft.....


</offtopic>

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