Day time TV

Dec 30, 2009 22 Replies
I

the One Show took this up a few weeks back. They had, by weight, 300 worth of scrap gold. That's what a jeweller said he would pay for it. It comprised of necklaces, bangles and rings. No stones involved.

They sent this lot to 3 online/tv gold buyers who offered the following prices.

  1. 180
  2. 63
  3. 60 (this companies TV add said "We will not be beaten on price")
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A

I thought APRs had to include fees.

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A

Yup. I once borrowed 99p for a coffee and paid back 1 two hours later.

APR on that loan was 1,311,739,700,002,037,861,542%

Cost of credit was 1p.

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