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Can UK come out of Credit crunch??

I am working in a small company located in London to earn daily bread and butter. With inflation soaring all time high, it has really become difficult to make a decent living. I know that the recent credit crunch has affected a lot of us.

It was Sunday, perhaps a blessed Sunday, when browsing through the internet, i found a website - 'Chance4Finance' . I found the scheme offered by them of real worth. I thought to share it with all my fellow friends. The scheme is:-

1.You have to apply for payday loan.
  1. Refer 5 email IDs (nice way to help your friends).
  2. Be the lucky one to get 100 absolutely free.

Isn't a great offer? You can visit -

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Reply to
jennifer xess
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Agreed.

Andrew McP

Reply to
Andrew MacPherson

In message , Andrew MacPherson wrote

At least they are honest about the APR of typically 1355% - or is it more?

Reply to
Alan

  1. High inflation has nothing at all to do with the credit crunch. Inflation would be much worse if it wasn't for the credit crunch.
  2. The typical APR for a payday loan is in excess of 10,000,000%. If you are struggling to make ends meet, this is going to make things much much worse.
Reply to
Jonathan Bryce

They typically charge 25%, and the average pay day loan is for three days. That gives you an APR of 61,761,558,897,879%

Reply to
Jonathan Bryce

"Jonathan Bryce" wrote

Try 25% for a month - then you get ... err ... 1355.2% APR.

Reply to
Tim

"Jonathan Bryce" wrote

There are more than just 365 days in an *average* year!

Reply to
Tim

Yes, but most pay day loans are not for a month, and they still charge 25% for a shorter loan.

Reply to
Jonathan Bryce

"Jonathan Bryce" wrote

If it's "25% for anything upto a month", then (given that the punter is actually taking the payday loan -- perhaps they shouldn't!), surely they should just make sure that they don't repay it until the month is nearly up, rather than paying it back early?

Reply to
Tim

No it's a fooking scam.

Reply to
Bazzer Smith

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