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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