Because these loans are aimed at people who can not get other forms of credit. People with very good credit ratings are being turned down at the moment so those with a more checkered history have no chance of going down any route apart from these legalized loan sharks
Very similar setup to Bright House.
Buy now, pay back at enormous interest rates and we won't honour any insurance warranties either.
When they were known as Crazy George's they were closed down in France, and they should be banned here too.