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The media are talking about the interest rates charged by payday lenders. Anyone know how to work out the APR charged by Barclays.
Say you have a personal reserve of £500.00, you use it, as I was forced to, every month for 19 months.
The charges are £22.00 every 5 days.
Anyone able to calculate what the APR figure is? How would it compare with a payday loan?
Say you have a personal reserve of £500.00, you use it, as I was forced to, every month for 19 months.
The charges are £22.00 every 5 days.
Anyone able to calculate what the APR figure is? How would it compare with a payday loan?
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