you can't be too harsh on welcome finance becuase they do help people who are unable to get credit elsewhere. the terms are made clear before you accept the agreement so you can work out how much you are paying and how much you would owe at different points during the repayment period. if you're not happy with the terms you shouldn't accept the loans. i have taken car finance from them for £8000 and will repay just over £12000 at the end of 48 months which i think is reasonable especially since no other credit company would go near me. welcome finance and capitol one (visa card) provide a good service for people with bad credit. they are both available to people with bad credit and they report all your ontime payments to credit scoring companies which improves your ability to get mortgages and low interest loans etc... miss your payments though and you'll be back where you started. paying more interest is unfortunately your punishment for failing to meet previous credit agreements and borrowing beyond your means.