Why was I offered a higher APR than the representative APR?
The advertised rate is a marketing-rule figure, not your quote. We read FCA rule CONC 3.5 and two live loan pages to show why your APR came out higher.
Assessments
Klarna and Clearpay after regulation day, assessed on what each now says about its own permission
Two buy-now-pay-later documents reissued on the day deferred payment credit became regulated. One tells you which agreement governs you; the other tells you what permission it holds. Neither tells you both.
CreditLadder, assessed: what reporting your rent to three agencies does, and what the contract says it cannot
A rent-reporting service whose front page promises an improved credit file and whose terms promise a record that may cut either way. Assessed on the published documents, not the proposition.
Monzo vs Zopa Personal Loan: APR, Limits and Exit Fees
Monzo vs Zopa personal loan: Monzo's 23.0% APR to £10k (10.0% to £35k), no early fees; Zopa's £1k-£50k soft quote and its early repayment rules.
Registered with the FCA is not the same as authorised by it
Two phrases that appear in lenders' footers and are read as the same thing. Assessed on what each genuinely tells a borrower, and how to settle the question without trusting a footer.
Credit-builder products, assessed
Cards and accounts sold on the promise of improving a credit file. Assessed on what they demonstrably do, what they cost, and who they are actually for.
The UK personal loan, assessed from the cost of credit outward
The most conventional borrowing product on the British market, assessed on disclosure quality, exit terms and what the advertised rate does not tell an applicant.