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This CAN'T be right can it?? What happens if I cancel?


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Hi,I've taken out a £380 loan with Capital Fiance One and they're charging me APR: 16734509.4% over 10 days - £148.20 charges for just 10 days!I knew the APR would be high - but that is just insane!What would happen if I emailed them to cancel the loan? Would I just have to repay the original debt without any interest? They've sent me a text asking if I want to defer today - the day they transfered the loan. I can't believe they want to charge that much interest every 10 days.

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