Today I received through the post, notice that I have been "pre-selected" to apply for a new Visa card.Well thats good news you would think, then you look at the rest of the advert.
This is from "VANQUIS BANK" who I have never heard of.
But then you read even more and you notice the viriable APR.
Go on guess what it is...
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Just incase you missed it........................................... it is 49.9%
Is this legal?
If it is legal, then it shouldn't be.
Wonder if you don't pay they send round the HEAVIES because it seems that this lot could be from that envoironment judging by what they want in return for their lending.
Someone must be able to do something about this sort of thing.
What about the poor sod who does sign up because they didn't read it properly, someone should be looking out for them surely.








