Outrage Over Credit Cards with 222% APR

 

Oct. 28, 2008

Consumers in the UK with poor credit histories are being targeted by unscrupulous high street retailers. About 100 retailers including chains such as Woolworths, Comet, Mothercare and B&Q have signed up to a doorstep lending scheme that results in consumers paying an APR of 222%.

Outrage Over Credit Cards with 222% APR QCK, UK - 1 hour ago The money must then be repaid at a rate that is more than 10 times the average APR of a credit card. Debt groups and politicians have expressed anger at the …

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