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Hi All
Name and shame time. I've seen some increased activity from PDL companies as Xmas approaches however I got handed this letter today that had been sent to someone I am helping. This is a shameful touting of business with less than 2 weeks to go before Xmas. While it does not explicitly encourage people to borrow for Xmas the timing of the letter is certainly suspect as the 'customer' has not had a loan with them for almost 12 months!
Notice the APR - 7069%
Its also scary that they state you do not need to apply again, just that you are subject to an 'affordability assessment'. Yet on the right you can see that it is a '5 question application form'. Hardly a sufficient number of questions to adequately assess affordability.
Please please do not resort to payday loans for Xmas. The hangover in the new year will seriously not be worth it.
Best
SnV
Name and shame time. I've seen some increased activity from PDL companies as Xmas approaches however I got handed this letter today that had been sent to someone I am helping. This is a shameful touting of business with less than 2 weeks to go before Xmas. While it does not explicitly encourage people to borrow for Xmas the timing of the letter is certainly suspect as the 'customer' has not had a loan with them for almost 12 months!
Notice the APR - 7069%
Its also scary that they state you do not need to apply again, just that you are subject to an 'affordability assessment'. Yet on the right you can see that it is a '5 question application form'. Hardly a sufficient number of questions to adequately assess affordability.
Please please do not resort to payday loans for Xmas. The hangover in the new year will seriously not be worth it.
Best
SnV