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TAXI_MAN
 Post subject: GUARANTEED FINANCE
PostPosted: Fri Jun 17, 2011 5:41 pm 
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Posts: 3
I offer GUARANTEED FINANCE to the taxi industry all over the UK

This is a stepping stone in getting back on the right path to good credit.

I have lots of personal experience in the taxi industry.For an instant quote, quick delivery with quality service, call myself, Martin

07717 396323
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skippy41
 Post subject:
PostPosted: Fri Jun 17, 2011 6:11 pm 
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Location: Scotland
If its more than 3% above the bank base rate you can forget it

Sounds like the former Foul ups finance, yes you can have it but at a rate you will never pay off
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Sussex
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PostPosted: Fri Jun 17, 2011 8:26 pm 
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Location: 1066 Country
I suppose there is a market for these type of suppliers.

Compared with the high rentals charged by many of the large PH operators, the over the top % rate offered by the like of Mr Taxi Man isn't as extortionate as one first thinks.

The only concern is will the drivers be able to finance the repairs which often follow buying a second hand vehicle.

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wannabeeahack
 Post subject:
PostPosted: Wed Jun 22, 2011 3:17 pm 
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skippy41 wrote:
If its more than 3% above the bank base rate you can forget it

Sounds like the former Foul ups finance, yes you can have it but at a rate you will never pay off


have you seen what brighthouse and quids-in charge?

500-2000% apr

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gusmac
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PostPosted: Wed Jun 22, 2011 3:27 pm 
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Location: Aberdeen
wonga.com

Quote:
Representative APR 4214%

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bloodnock
 Post subject:
PostPosted: Wed Jun 22, 2011 5:15 pm 
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gusmac wrote:
wonga.com

Quote:
Representative APR 4214%


that should be Illegal.....

http://www.bestcalculator.org/finance/interest-calculator.html?gclid=CKqcxIvzyakCFQEY4QodEmbvLw

Using this free APR calculator a £500 loan at an APR of 4214% would cost you £21555.00 if it went unpaid for a year....thieving gits..its a recipe for disaster. :shock:
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wannabeeahack
 Post subject:
PostPosted: Wed Jun 22, 2011 6:26 pm 
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bloodnock wrote:
gusmac wrote:
wonga.com

Quote:
Representative APR 4214%


that should be Illegal.....

http://www.bestcalculator.org/finance/interest-calculator.html?gclid=CKqcxIvzyakCFQEY4QodEmbvLw

Using this free APR calculator a £500 loan at an APR of 4214% would cost you £21555.00 if it went unpaid for a year....thieving gits..its a recipe for disaster. :shock:


over short periods the APR always looks high, and to be fair, they are taking the risks and deserve the extra

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Nidge
 Post subject:
PostPosted: Sun Jun 26, 2011 12:12 pm 
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Location: Midlands
bloodnock wrote:
gusmac wrote:
wonga.com

Quote:
Representative APR 4214%


that should be Illegal.....

http://www.bestcalculator.org/finance/interest-calculator.html?gclid=CKqcxIvzyakCFQEY4QodEmbvLw

Using this free APR calculator a £500 loan at an APR of 4214% would cost you £21555.00 if it went unpaid for a year....thieving gits..its a recipe for disaster. :shock:


There's nothing wrong with Wonga and the way they operate, the interest rate is over a short period of time look at what you repay over 4 weeks. They've got the best lender award for 2010 so they must be doing something right.

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gusmac
 Post subject:
PostPosted: Sun Jun 26, 2011 2:05 pm 
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Location: Aberdeen
Midlander wrote:
bloodnock wrote:
gusmac wrote:
wonga.com

Quote:
Representative APR 4214%


that should be Illegal.....

http://www.bestcalculator.org/finance/interest-calculator.html?gclid=CKqcxIvzyakCFQEY4QodEmbvLw

Using this free APR calculator a £500 loan at an APR of 4214% would cost you £21555.00 if it went unpaid for a year....thieving gits..its a recipe for disaster. :shock:


There's nothing wrong with Wonga and the way they operate, the interest rate is over a short period of time look at what you repay over 4 weeks. They've got the best lender award for 2010 so they must be doing something right.


Most loan sharks charge less than this.

Do they stop charging interest if you fail to make the payments?

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grandad
 Post subject:
PostPosted: Sun Jun 26, 2011 5:35 pm 
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Posts: 20130
Midlander wrote:
bloodnock wrote:
gusmac wrote:
wonga.com

Quote:
Representative APR 4214%


that should be Illegal.....

http://www.bestcalculator.org/finance/interest-calculator.html?gclid=CKqcxIvzyakCFQEY4QodEmbvLw

Using this free APR calculator a £500 loan at an APR of 4214% would cost you £21555.00 if it went unpaid for a year....thieving gits..its a recipe for disaster. :shock:


There's nothing wrong with Wonga and the way they operate, the interest rate is over a short period of time look at what you repay over 4 weeks. They've got the best lender award for 2010 so they must be doing something right.


There is probably nothing wrong with any of these companys whilst you make the payments. The problems come about when, for whatever reason, payments are missed.

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