258.6% apr (Other Personal Loans)

Member Name: barbie84

Product:	Other Personal Loans
Date:	29/12/07 (177 review reads)
Rating:

Advantages: none

Disadvantages: extortionate interest rates

Wholst looking for a small unsecured loan recently a company called greenwoods personal credit kept popping up in my searches so i decided to take a look and immediatley decided against it.

Greenwoods personal credit work on a very similar lines to provident offering small unsecured loand to almost anyone and offering a door step collection service.

Although this does mean you get somewhat of a personal touch as the same agent who comes out to your home to do your loan comes to collect your repayments each week the 258.6% apr no thats not a typing error they realy am charging 258.6% interest on what ever you borrow, kink of puts you off the idea though.

High street shopping vouchers of £100 will cost you £140 to pay back so work that out over £1000 will mean you pay £1400 back.

This company prides it self on helping those who cannot gain credit any other way, surely they mean by robbing the unfortunate because after all you wouldnt pay these sort of interest charges unless you were absolutley desprate would you?

Summary: legal day light robbery