Loansharking to the extreme

Apr 7, 2010 | | |

Whilst in England we noticed there'd been a huge increase in the number of cheque-cashing and payday loan places. Talk about legalised robbery. This one, photographed off TV, is offering a very reasonable APR of 2356%.
Or to put it another way, if you borrowed £200 off them for a week, you'd be paying them back £290.61 after 7 days.

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