Showing posts from April 4, 2010

Loansharking to the extreme

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.

Spirit Airlines is taking the piss

Starting in August, Spirit Airlines are going to take the piss if you try flying with them. Not only do they charge for checked luggage, but they're going to charge $45 each way for carryon bags too. That really is the beginning of the end - if they get away with that, all the airlines will do it. Because flying is already such a luxurious, relaxing experience. It really is taking the piss too, because unlike a couple of years ago when aviation fuel was at an all time high because of the price of oil, this year it's about average - or more specifically - half of what it was two years ago.