Im quite sure OLM would rather go broke than pay 8000% APR or whatever the hell it is those dick turpins charge!
The rate is morally fine as the profits they make have to cover the overheads of the business and per pound lent per day their overheads are much higher than other forms of lending. And if OLM was able to make 10,000% APR on the money he got from them I'm sure he'd be happy paying 8,000% if it was the only way to get the money. The marketing of them isn't morally right but that's a seperate matter. They have just started a business banking section as well doing it at 0.3% a week which is just less than 17% a year (compound the weekly interest). It's still crap, but if a business is having short term cashflow it's better than getting a long term loan at a lower rate.
Mine would also say, expert in the covert removal and relocation of twenty No.6 and numerous kit-kat's on a daily basis...
That was the product I used when i use to need them, before they stopped making them of course, then I switched to No1,s
I had a work with Eddy, but I can't afford the additional cost of the nurses and I was thinking of offer Reg a PR role and profumo a role as head of strategy, but nothing's sorted yet.
