Payday LoansWho charges 3,650% APR – banks or payday lenders?

Payday Loans

After reading the following press release from speed-e-loans.com published today, the answer may be more shocking than you think. Following revelations on BBC’s Panorama television programme last week* that some banks are charging customers eye watering interest rates of up to 3,650% if they go overdrawn**, these banks may need to get their own house in order first before scoffing at perceived …

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