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trendie · Jan 16, 2009

I know this has been discussed before.
I know its a business for Sharky, and we are lucky to get it for free.

but...

I spotted an ad for "Provident Personal credit" at thte top of the screen, where they offer an APR of 189%.
Yes, that ONE-HUNDRED and 89%.

Is this really the sort of company T2W should be keeping?
Whats the difference between them and loan-sharks?

hwsteele · Jan 17, 2009

trendie said:
I know this has been discussed before.
I know its a business for Sharky, and we are lucky to get it for free.

but...

I spotted an ad for "Provident Personal credit" at thte top of the screen, where they offer an APR of 189%.
Yes, that ONE-HUNDRED and 89%.

Is this really the sort of company T2W should be keeping?
Whats the difference between them and loan-sharks?

Loan sharks are much more people oriented. They will give you the face to face contact a big company just can't give you. AND loan sharks usually keep the interest to about 100%. I think we know who the better deal comes from.
:cheesy:

foredog · Jan 17, 2009

Companies like that should be banned from trading by the govt. it's robbery.

Get people who've got no money so can't get a loan anywhere else and lend them money at an obscene rate so that they'll never be able to pay the loan off. Thiefs!

0007 · Jan 17, 2009

foredog said:
Companies like that should be banned from trading by the govt. it's robbery.

Get people who've got no money so can't get a loan anywhere else and lend them money at an obscene rate so that they'll never be able to pay the loan off. Thiefs!

Just like the sub-primes then?

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