From: john boyle
Newsgroups: uk.finance
Subject: Re: Leaflet through the letterbox - 739.9% APR
Date: Sun, 30 Apr 2006 12:05:33 +0100
In message <4bhvcoF11u570U1@individual.net>, Andy Pandy
writes
>Yes, but in this specific example of a very short term loan, I would
>say the risk of
>a month's loan is only very slightly higher than the risk of a two week loan.
Well we will never know. What I can say though, from my own personal
experience, is that short term overdraft requests were more often than
not followed by an immediate request for an extension, so for smaller
amounts I always marked them for 12 months without telling the client.
--
John Boyle
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