Car Loan Warning

Sunday SunNovember 30, 2007

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Summary


A MUM has warned about falling prey to loan companys in the run up to Christmas after being left with a bill for double the amount she actually borrowed.

Deborah Hind took out a 1200 loan secured against her car, to be repaid over 58 weeks, but admits she didn't realise it had an APR rate of more than 343 per cent.

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Car Loan Warning

As a result, she faces paying back 2519, but has already missed a number of her 43 payments and risks havin...

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