Quick Quid

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  samm2311 Posts: 443

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  04/01/10 - 09:35 #2

  koloisad wrote: »

  Have you seen the ad for quick quid. They will lend you money if you need it quickly but at a typical APR of
  2356%
  
  are they serious

  
  yes i thought i needed to go to specsavers because i was believing that i misread the apr, how wrong was i, i smell a loan shark operation at work.

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  hopeandfaith06 Posts: 17,135

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  04/01/10 - 09:42 #3

  Yikes!!
  
  I have only ever seen an ad for this company once, and never looked at the small print, though I do normally. If I had looked, I would have thought it was a typo or something.

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  [Deleted User] Posts: 135

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  04/01/10 - 15:27 #4

  It's correct if you google their company name their top result is their website and it says at the bottom of the page that they charge £15 for every £50 you borrow plus Typical 2356% APR, clearly it is meant as a 1 - 2 day loan which is paid back as soon as pay day comes. I mean it is 6.5% intrest a day! That is mental!

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  John Dough Posts: 146,602

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  04/01/10 - 15:34 #5

  It's perfectly legal but as for the 'morality'.......:rolleyes::mad:
  I kept looking for the decimal point in the APR when I first saw the advert, there isn't one.;)

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