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Posted: Sun Dec 23, 2007 10:16 am
by jamie24
Noticed advert on side of forum,you can apply for loans and the typical APR is 183.2%!Very bad!
Example: Loan amount: £300
56 weekly repayments of £9
Total amount payable £504
Typical 183.2% APR
Posted: Sun Dec 23, 2007 11:33 am
by bigpete
What advert and where is it?
Posted: Sun Dec 23, 2007 12:00 pm
by emma_t
sorry if I am being a bit thick, but I can see it either?
Not that I want or can take out any more credit...
Posted: Sun Dec 23, 2007 12:08 pm
by lily
Hi
Its right at the foot of the home page, I knew it would be provident before I even looked, by the APR.
lily
Posted: Sun Dec 23, 2007 12:10 pm
by lily
Oh and by the way, the agents arent so friendly when you cant make the weekly payments.
lily
Posted: Sun Dec 23, 2007 12:20 pm
by bigpete
Nope still can't find it - this is home page:
http://www.iva.co.uk/ ?
seems strange such an ad would be on an IVA help site?
Posted: Sun Dec 23, 2007 12:33 pm
by lily
This is the forum
Press the 'home' at the top, scroll down and there it is.
I agree that its strange to have this advert here.
lily
Posted: Sun Dec 23, 2007 1:03 pm
by bigpete
Ah! thanks Lilly, yes: "Loans £50 to£500 Apply Online - No security req. Tenants welcome. Typical APR 183.2%
www.ProvidentPersonalCredit"
Well I am MOST surprised to see this ad on this site - fair enough the admin who run it may need financial support, BUT that's disgusting!
Posted: Sun Dec 23, 2007 1:30 pm
by lily
I have to agree and have been on the recieving end of this companies wrath, mind you I did sign for the loan.
lily
Posted: Sun Dec 23, 2007 1:35 pm
by Adam Davies
Hi
They are google ads,unfortunately we can't control the ones that are shown
Lloyds are charging £15 a day,each day upto a maximum of 10 days in a month,for unauthorised ovedrafts on a balance of between £100 and £300 over the limit[approx figurs,but close]
So someone that is £200 above their limit could be charged £150 plus a £15 admin fee on a debt of say £300 in a month...........work out that APR !!!
Interestingly I read that Provident are booming at the moment,gives you an idea of the problems that are building up out there.
Regards
Andy Davie
IVA.co.uk Spokesperson and Website Manager
About me:
http://www.iva.co.uk/andy_davie_profile.asp
IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp
Posted: Sun Dec 23, 2007 3:47 pm
by CoverItAll
Andy
Maybe we could replace the site's income from Google with advertising by Forum Experts of reputable products and services ?
John Tegg
www.protectiva.co.uk
0845 673 9999
We will make all your IVA payments for you if Accident or Sickness stops you paying them yourself.
Posted: Sun Dec 23, 2007 11:48 pm
by mikebdomain
Good idea John, I would just like to let it be known that this is something that Leybridge would be interested in joining
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see feedback and testimonials at:
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Please read our Initial Disclosure Document(IDD):
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