Quote:
Originally Posted by hedman2003
Just had a pop up on my pc for a vanquis credit card with an APR of 39.9%!!!. I appreciate that the card is aimed at those people who have a poor credit history however that APR is obscene and its picking on the most vulnerable who presumeably are already struggling financially. I also have the same feelings about Brighthouse who have a typical 29.9%apr.
With Christmas around the corner if you do have a poor credit history and can't get credit through the normal channels please ensure that you know the full cost of using the above credit facilities
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Agree total rip off preying on the needy.
Brighthouse, I read one of there credit agreements when a friend of mine got something, needless to say after our conversation when I told him the full facts he went straight down and cancelled it.
Ie - £350 Laptop, they sell for £650 and charge the earth in credit. Oh and they also signed him up without the full ID required.
Its all good saying pay it off in full every month, but the people who go for these cards usually arnt in that position or they could just get a run of the mill one.