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TV advert
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I have just seen an advert on tv for quick quid loans. The interest rate they charge is 2356% APR. Surely only people who are desperate use them. So should there be legislation to stop this exorbitant rates.
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If this article is 100% true then 2356% is down from their previous rate of 10,000% (yes ten thousand)
http://blogs.mirror.c...charging-up-to-1.html
http://blogs.mirror.c...charging-up-to-1.html