Brother, can you spare a dime ......

Take it away Bing .....

Money is only a text away with Ferratum.

Within minutes, the ever-so-kind Mr Yoon will pop a few hundred smackers into you bank account.

What a lovely, kind tender-hearted, generous man is MR Yoooon.

Let's see now ... you want $500 spondolicks in a hurry. Then you text Fair-rat- uuuum? Give them your details (first mistake).

Now some are concerned  .. why?

Well if you borrow say $500 for 1 week, then after 7 days you get to pay back $590. This is an interest rate of 18% for 7 days which is equivalent to quite a lot over a year. Let's say you had to keep the money for a year at that rate. The interest of course compounds every week.

At the end of one year (52 weeks) you would owe $2,734, 225.85.

That can't be right  ... I hear you say. Well  ... it  ^%$#@y  well is!

500 X 1.18 = 590  (1 week)
500 x (1.18)^2 =  696.20 (2 weeks)
500 x (1.18) ^3 = 821.52 (3 weeks)
500 x (1.18)^4 = $ 969.39  (after 4 weeks you almost owe twice as much as you borrowed!)

  and so on my dear friends .... by the way the symbol "^" means "to the power of"  thus 3^3 = 3x3x3= 27

500 x (1.18)^52 = 500 x 1.18 x 1.18 x 1.18 x 1.18 .... and so on  ........ = 2, 734,225.85

Well all I can say to those who borrow is happy landings on a chocolate bar!

Now I am not saying you will have to pay that back. I am simply saying that an interest rate of 18% per week 0n $500 is equivalent to 500 x 1.18^52 over one year.

The company says: "We are driven by our passion for innovation and we have an ambitious growth strategy".

 Aint that the %#%@ truth

How did they ever get registered with the government!
NZ Government Registered Financial Service Provider No. FSP 70021.

To fair you can borrow $100 for a month and pay backonly $152 dollars at the end of 1 month. But again, that is equivalent to paying back
100 x (1.52)^12 =  $15,209.78


Enough already ... I have just thought of a scheme to get rich quick!!!!


After all, if I could just lend you $500 at 18% interest per week for ten years
the amount you pay me pay back would be:

500 x (1.18)^520 = 1.2 x10^40 dollars  (ten to the power of 40 folks)

roughly $12,000,000,000,000,000,000,000,000,000,000,000,000,000

Which, as you all know,  is 12 quadrillion septillion dollars.

or in lay person's terms 
12 thousand million, million, million, million, million, million dollars. or perhaps


12 thousand billion, billion, billion dollars.

Which is a tad more than I make in a year!