Redhouse Financial

Discussion in 'Finance, Property, Law' started by stellawifebeater, Jan 19, 2009.

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  1. Got an E-mail from them usual stuff money in account today and all that crap, then I saw this and couldnt believe it.

    TYPICAL APR 1355% or approximately £25 for every £100 borrowed.
    Please check your offer for the exact charges before you accept a loan

    How can they get away with this?
  2. It's a payday loan as you probably know, which are the most expensive type. Did you read the Ts&Cs or did they provide you with a quote?
  3. I'll see your lowly 1355% and raise you to a handsome typical 2356% APR! with these fine people (there are loads of these companies out there).

    My wife works for a debt management company and she' s noted a massive increase in people coming to them with multiple debts to these kind of companies. I just can't believe that this is legal, it's like loan sharking with a smiley face.

    Just thought that I'd bump this up again now that we're approaching the final week of the month when most troops are on leave. I've already told my guys to stay away from these companies and I'd hate for anyone that uses this site to get involved with them either, they're just bad news.