Greenwoods Personal Credit > Reviews > Greenwoods personal credit

Author's product rating:   

Promptness of service	Average
Efficiency of service	Average
Competitiveness of charges/rates	Very Poor

Advantages:	none
Disadvantages:	very expensive there are cheaper options

Recommend to potential buyers:

no

Full review

I can't agree more with the review by John Hindle, Greenwoods charges some of the highest interest rates about. Before I took out a cash loan I did some research into interest charges and I hope some one will find this info helpful
Based on a £500 cash loan

Greenwoods was the highest £500 loan interest is £300 making the total repayable £800 at £25 per week with an APR of 399.7%

Next was Shop-a-Check a £500 loan interest is £384 making the total repayable £884 at £17 per week with an APR of 246.5%

Then came Provident (who owns Greenwoods by the way) a £500 loan interest is £325 making the total repayable £825 at £15 per week with an APR of 177.1%

One of the lowest but still quite expensive was Universal cash loans a £500 loan interest of £220 making the total repayable £720 with an APR of 128.2%

The difference between the highest ,shop-a-check and the lowest Universal is an incredible £164, bearing in mind all these companies offer the same service so why the difference in cost is anyones guess.

I hope this info is useful for some choosing a cash loan

If anyone is looking for a cash loan and is considering Greenwoods I hope this information will help and if and anyone has had any dealings with any of these companies I would like to hear your comments.