EARN 2018% ON YOUR SAVINGS

BRITISH JUSTICE:  20 years old “Mike” in Suffolk UK borrowed £250. In the next 17 years he paid back £90,000 (2018% interest a year), losing his house, job and his health. Mike sought help only when the loan-shark threatened his wife and children. The loan-shark was imprisoned for 8 months (4 months) for being unlicensed. If he had applied, he would be entitled to suck the lifeblood from his victims at twice the rate. Legalised WONGA can charge up to 4,000%. Four months jail isn’t much to suffer for £90,000 and blighting a family’s life for 17 years.

                                                        (Jill Insley, Guardian 27 June 12, “Loan shark’s victim wins award”)

For Heavens Sake! – Sign the 5% CAP petition and eliminate these evil “financial services” FSA authorised tapeworms.  5% is ten-times the UK Base Rate. Making 10 times is enough for any lender.

Sign: http://www.avaaz.org/en/petition/5_per_annum_cap_on_all_interest_rates_charges/

		Mike of Suffolk - Loan & Debt	repaid
Years	Interest	£                                        250
1	2017.6%	£                                        250	£ 5,294
2	2017.6%	£                                        250	£ 5,294
3	2017.6%	£                                        250	£ 5,294
4	2017.6%	£                                        250	£ 5,294
5	2017.6%	£                                        250	£ 5,294
6	2017.6%	£                                        250	£ 5,294
7	2017.6%	£                                        250	£ 5,294
8	2017.6%	£                                        250	£ 5,294
9	2017.6%	£                                        250	£ 5,294
10	2017.6%	£                                        250	£ 5,294
11	2017.6%	£                                        250	£ 5,294
12	2017.6%	£                                        250	£ 5,294
13	2017.6%	£                                        250	£ 5,294
14	2017.6%	£                                        250	£ 5,294
15	2017.6%	£                                        250	£ 5,294
16	2017.6%	£                                        250	£ 5,294
17	2017.6%	£                                        250	£ 5,294
			£        2
		Total Repaid	£90,000