Visa Card Issued With 365 Interest Rate
News broke yesterday that a visa credit card with an exceptionally high lending rate has been made available to customers by a leading financial firm. The credit card is being offered to customers who have a poor credit rating and has a whopping 365% interest rate. This is 10 times the highest interest rate for a credit card available from a high street bank. The company offering the deal is Provident Financial, a company based in Bradford. Consumers are told to pay their bill in weekly instalments which the firm's agents collect from them at their door. The card is pre-loaded with a loan amount and the financial firm then charges its customers an APR of 183% if they use the card, during a period of 56 weeks. ...
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