the new Provident credit card for use at Argos. In the long term lending criteria of mortgages it would have an APR of 227% That is it is for payment within 6 months. An example on Sky main page is that if you bought a wii for £179.99 you pay back £248.46. Now in the Real world to an average Jo this would represent 72.44% without the calculation that they can reuse the money again. This is still on the high side – BUT – it is designed and sold to the sub-prime market (people who can’t get credit anywhere else and often default)
If the whizz kids in the big banks had UNDERSTOOD the prime market then we would not be in the mess we are now.
So why are Sky reporting on it. They have Louis Bond of USwitch saying it shouldn’t be seen as anything but a sub prime loan – well Yes! – Could it all be that Ms Bond brought it to their attention knowing that it would be reported as it comes from the NOT so independent company that gets rewarded financially for every switch.
Alongside is details of how to get the cheapest credit cards on USwitch – but – stupidly the ones that get the Provident/Argos card wouldn’t get one of them in a month of Sundays.
Isn’t it time to kick these so called experts, who are anything but, into touch ?
Christine H. Maybe if you consider the two stories in the bible, in one Jesus kicked the money lenders out of the Temple the operative part here is "out of the TEMPLE"
The other story is the man who gave three sons money and only one eventually came back giving him profit (bit like the sub prime) the others squandered the money.
Bruntslev. Agree far better to be insular than globalised. (think that is what the arab chappie we don’t hear to much about now was against-was is Osama or Abama) As far as working the rates out, that is exactly it they have used a B52 to do the job of a F111. (that aeroplanes) and the sites like uswitch give you a different answer every time but get away with it by putting in a couple of questions that have no revelance.

I’m looking to open a cafe and have started putting together all of the details. I need more information, like where to find and how to compare rates on food distributors, advertising, business startup loans, etc. Keep in mind I have NO credit and for whatever reason can not GET a line of secured credit through anyone, banks, credit unions, online cards. I’m a "foodie" so I would like to find quality products and am perfectly creative in the marketing department, if only I knew what methods of advertising have been proven successful for others.

Specifically, the best place to find a ranking of banks with their rates and terms that I can compare. I used to use bankrate.com, but their list has dwindled to only a few banks, with very strict terms or high interest rates. Are there any other reputable ranking type of websites which would allow me to check the rates and

Note: I’m interested in private loans only, and I already am well aware of the stafford and perkins loan rates and structure.

Thank you in advance for all responses.

Is it too high for a K private loan i.e. from a loan shark? Or is it about the average? Don’t compare the rate to the banks’ instead compare it to other private loans you know of.

Thanks.