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its bad enough with these 200% loans. Now log book loans
Basic average borrow £1,000 and pay back comes to £ 2,900 depending APR
But if you missed One payment you can and more likely lose your Vehicle.
Something has to be done with these Legal scum bags
[url= http://www.independent.co.uk/money/loans-credit/money-alert-logbook-loan-firms-accused-of-not-making-adequate-affordability-checks-9504719.html ]Log Book Loans[/url]
So which member of your extended family has been [i]that stupid[/i]?
Edit: And yes, they should be better regulated.
geoffj - Member
So which member of your extended family has been plain stupid?
None thank you !
Chav farming is [b]THE [/b]growth industry
maybe some people take out these loans because they're desperate
+1 jon1973.
I have not incidentally, but desperate times can elicit desperate responses. It's a tragedy and focused mainly at those that are likely to loose the most.
I liken it to victimisation personally.
They've been about for years at smack converters/ smack generator/ smack centre.
Not much worse than the likes of the we buy any car mobs. The prices they offer are a joke, and by all accounts they shaft you further when you take the car to your nearest centre. Preying on those that are so desperate for cash they'll sell the car for anything.
These are now regulated, as will crowd funding and pay day lending. The confusion over lack of regulation has come about with the shift of the oft and cab into one regulatory body.