Scary

[watervole]

I just saw the following ad on Facebook's scrabble page.

Need Cash in London?
Get an instant £80 - £750 to spend on anything. All done online. No faxing, no credit checks, no problem! Typical APR 1845%

That may be the scariest ad I've ever seen in my life...

Comments

[linda-joyce.livejournal.com]

Even if some one has left out a decimal point that is still a very scary rate of interest. Unless of course the point comes after the one

[crazyscot.livejournal.com]

Probably not. Doorstep loans and their ilk are really that scary.

[uitlander]

Yeah. It is absolutely terrifying how many people have no comprehension of what those numbers mean.

[nmg.livejournal.com]

If I've done my sums right, 1845% APR is 5% per week. That is downright terrifying.

[watervole.livejournal.com]

But it sounds so little if you're mathematically illiterate and hear 5% a week...