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Percentages are out of a 100 aren't they. How can an APR be over 100, like 4670. An APR of over 100 just means that if you were to borrow for a year you would be charged more than 100 of the original loan. So for each pound borrowed, you'd pay more than 100p. For APRs over 100 a quick and easy way to read them is to imagine a point in front of the last two figures. For instance 4670 APR becomes ВЈ46. 70.
Explain you cant pay your debts and need to stop the direct debits going out of your account. Say you have tried to talk to the lenders, but they wont listen, so you need your banks help. This will stop all direct debits going out of the bank. There are some sample template letters on this site you can also use to send off to them as well here.
I would also advise you to go to another bank and ask for a basic bank acc, just a cash card that you can put wages in and pay essential bills with like gas and electricity. Obviously keep details of this new account away from all your lenders. So now you should at least have all your wages back in your acc every month. City Finance Loans Cash Solutions. Dont pay them back. If you ave any questions about DollarsDirect Payday Loans and need advice, feel free to use the contact me form on the right hand side and Ill the best interest rates for personal loans back to all of you with advice as quick as I can.
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