Black_Adder
Registered User
- Messages
- 153
Read this and weep. APR of 1295% (ONE HUNDRED times that of a Credit Union statutory maximum).
http://ftalphaville.ft.com/2016/01/...nder-routes-loans-through-the-cayman-islands/
If you think we do not need Credit Unions then explain the above.
If you think availability is less important than price then explain the above.
If you think Credit Unions should therefore insist on 3 pay slips, your current account statement, your mortgage statements, your ID - after you have paid them on many previous loans before they give you a loan, then look forward to the likes of Elevate.
http://ftalphaville.ft.com/2016/01/...nder-routes-loans-through-the-cayman-islands/
If you think we do not need Credit Unions then explain the above.
If you think availability is less important than price then explain the above.
If you think Credit Unions should therefore insist on 3 pay slips, your current account statement, your mortgage statements, your ID - after you have paid them on many previous loans before they give you a loan, then look forward to the likes of Elevate.
Last edited: