Student, died from overdose after taking out £100 payday loan which got to £800 in 3 months

SaltnVinegar

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Join Date: Sep 2010

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Student, died from overdose after taking out £100 payday loan which got to £800 in 3 months

8 December 2014, 17:19

This news story was forwarded to me today:

http://www.dailymail.co.uk/news/arti...ee-months.html

What a sad, terrible, and tragic waste of a life over a payday loan.

Although the loan company may have been 'operating legally', we have all seen the campaigns of harassment that they conduct on debtors, and, even if this was not the case in this instance, how the hell can ANY payday loan company justify its 'affordability assessments' by giving a loan with APR in the thousands.

My thoughts go out to this young mans family, god only knows what they are going through right now.

"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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Tags: apr, assessments, conduct, debtors, family, harassment, life, loan, payday, payday loan, student, young

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Student, died from overdose after taking out £100 payday loan which got to £800 in 3 months

Student, died from overdose after taking out £100 payday loan which got to £800 in 3 months