Lender offers 277% loans – what are the alternatives
February 22, 2012 by admin
Filed under Payday Loans
The lender is called Pounds to Pocket and its offering loans with a representative APR of 278%. Thats horrendously high.
You might assume that Pounds to Pocket is just another payday loan company like Wonga.com or QuickQuid, but actually its a bit different.
Firstly, Pounds to Pocket is significantly cheaper than the payday loans companies. And secondly, Pounds to Pocket is willing to lend for up to a year whereas payday loans are normally for a month.
Whats more, borrowing from Pounds to Pocket has some other plus points. You can apply for the loan online and get a yes/no answer within ten minutes. You can repay the loan early and not be hit by any penalties. And most importantly, Pounds to Pocket is willing to lend to people who dont have a good credit rating.
Now that weve discussed the plus points, lets take a look at why we think you should avoid this loan if at all possible
Take a look at this table:
Consumer Loan Quotes requires absolutely no credit checks and best of all, you do not even have to leave your home or office to quickly get approved for a payday loan or Businesses set for £50m Cash Advance Funding Boost
