LOANSHARK'S 2018% FOR 17 YEARS

SIGN THE PETITION FOR:

A 5% per annum cap on all interest rates & charges

YOURS - FOR ONLY £90,000
WITH EEEZY CREDIT.

Most goods and services progress from primary industries to the consumer - passing through an average of eight business stages. Each stage is financed by banks as for example food is farmed, transported, processed, stored wholesale, packaged, distributed, transported to High Street shops and finally sold to consumers - who might buy on credit cards. At each stage interest is added to the price. If at each stage, interest charges are capped at 5% the consumer price will typically reduce by 25%. This is as true for new houses and cars as it is for a packet of fish-fingers. An interest CAP will reverse trends towards inflation, in every part of the global economy. An interest CAP will greatly reduce the price of money. 

“Suffolk Mike” – Loan-Shark Victim - Paid 2018% for 17 years. 

There are 1.5 million UK families trapped like this. Free them today.

BRITISH JUSTICE:  When just 20 years old, “Mike” in Suffolk UK borrowed £250 to buy an old car. 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 served) for being unlicensed. If he had applied, he would be entitled to suck the lifeblood from his victims at twice the rate.

HM GOV LICENSED WONGA (as seen on TV) charges up to 4,200%.  Representative APR 4214%  Representative example:  

Amount of credit £207 for 20 days  

Total amount payable £254.42  

Interest £41.92 

Interest rate 360% pa (fixed) 

Transmission fee £5.50 

Representative APR 4214% 

APR is not the same as actual interest charged find out more

Four months jail is not 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 /FCA authorised tapeworms.  5% is ten-times the UK Base Rate. Making 10 times Base Rate is enough for any lender.

		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

SIGN THE PETITION FOR:

A 5% per annum cap on all interest rates & charges

END OF LOAN SHARKS?

LOVEABLE LOANSHARKS

TAX AND ECONOMICS ARTICLES 29TH APR 13

TAX-EVASION-CAPITAL-FLIGHT