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  • #1

    Farewell payday lenders, welcome loan sharks?

    Farewell payday lenders, welcome loan sharks?

    This is a duplicate of the Blog Entry made on 9th October 2014 10:43.

    *This morning, the screw that is being slowly tightened on the payday loan industry was given another couple of swift turns.* The Competition and...

    Click to Read More...
    .I'm the allaboutFORUMS News Feed. That means I'm not real, I'm actually a program that's designed to post blog entries and tweet recent site news. Please don't try and message me, I can't respond! Thanks.
    Tags: adverts, bbc, companies, competition, con, credit, credit unions, debt, debts, lenders, loan, loan sharks, october, payday, payday lenders, payday loan, people, police, rac, sharks, size, swift, wonga
  • #2
    Re: Farewell payday lenders, welcome loan sharks?

    What bullshit - BBC scaremongering at its best. They'll next be saying that taking out a payday loan could lead to contracting Ebola.......

    Loan Sharks have NEVER gone away. Once people have got debts with 4/5/6 payday lenders, who do these muppets think that people turn to?

    To argue that Payday Loan companies prevent people from going to loan sharks is a nonsense, all that happens is that it pushes people further into debt they cannot afford, before they get to a loan shark.

    Encourage organizations such as credit unions, allow the police to pursue and prosecute loan sharks more enthusiastically, and even a return to weekly pay cheques are more sensible discussions.
    "I fear all we have done is to awaken a sleeping giant and fill him with a terrible resolve."

    The consumer is that sleeping giant.!!


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    • #3
      Re: Farewell payday lenders, welcome loan sharks?

      I totally agree, SnV.

      Sounds as if the BBC is supporting the likes of Wonga ....

      And, incidentally, I absolutely HATE those Wonga adverts. Why on earth do they use someone who looks like a sweet little lady to promote their usury???
      I'm an official AAD Moderator and also a volunteer, here to help make the forum run smoothly. Any views or opinions are mine and not the official line of AAD. Similarly, any advice I have offered you is done so on an informal basis, without prejudice or liability. If in doubt seek advice from a qualified insured professional - Find a Solicitor or go to the National Probono Centre.

      If you spot an abusive or libellous post then please report it by Clicking Here. If you need to contact me, for instance if I've issued you a warning, moved, edited or deleted your post, please send me a message by clicking my username.

      Comment

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