A Free Bankruptcy, IVA And Simple IVA, Insolvency Advice Forum

[needabreak]

i was released on 4th may this year,i was bored and curious to what kind of rates 'newbies with past debt troubles get'...so i had a look around online....not that i ever want debt again by the way!!...went on moneysupermarket and checked credit cards.....the usaual cap1 and vanquis cards at 30 % apr...wihich is expected...hmm so i looked at loans...lowest was 50.4% apr...and the highest(was only choice of 3 companies).....was....are you ready.....177% apr!!!!!!!!!!!...i thought loansharks were supposed to be illegal....on the plus side hopefully no one post brptcy would ever contemplate using these anyway.......just tickled me...personally i think the majority of ex-bankrupts are prob the wisest and safest with money because they've been to the bottom of the barrel and the emotional turmoil of getting thru it...yet banks still throw money at the 'future to be bankrupts' no questions asked.....the mind boggles!

[Piston broke]

I had an email from Provident a day or so ago advertising loans with them at 185% APR.

At least we knew that Dick Turpin was a highwayman