We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

MSE News: Payday lenders 'out of control', says Citizens Advice

Former_MSE_Helen
Former_MSE_Helen Posts: 2,382 Forumite
in Loans
"Citizens Advice found cases where money had been lent to people who had mental health issues, or were drunk at the time..."
Read the full story:

Payday lenders 'out of control', says Citizens Advice

OfficialStamp.gif

Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum? Intro Guide.
«1

Comments

  • Grade_A_Reject
    Grade_A_Reject Posts: 805 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    There's a piece been running on this on Sky News all morning. Interspersed in the ad breaks by adverts for Payday loans. Couldn't create better irony if I tried.
    "A nation of plenty so concerned with gain" - Isley Brothers - Harvest for the World
  • Apples2
    Apples2 Posts: 6,442 Forumite
    How would an Internet application know if the applicant was drunk at the time?

    I booked a weekend in Rome when I was drunk... still went (but not dressed as Spartacus as I intended when booking).
  • gb12345
    gb12345 Posts: 3,055 Forumite
    Apples2 wrote: »
    How would an Internet application know if the applicant was drunk at the time?

    I booked a weekend in Rome when I was drunk... still went (but not dressed as Spartacus as I intended when booking).

    http://i-drunk.com/index.php?main_page=product_info&cPath=1&products_id=1&zenid=9345cb9807d58ae9bfe7aa2693c1caa0

    Might be worth you investing in one just in case, next time it might be Bognor in November.
  • Apples2
    Apples2 Posts: 6,442 Forumite
    This can stop you from doing something you will regret such as Gambling, shopping, adult entertainment
    That device is going nowhere near my PC :laugh:
  • Pincher
    Pincher Posts: 6,552 Forumite
    1,000 Posts Combo Breaker
    Money lenders are blood sucking vampires.

    How did they apply for the licenses?

    "I promise not to drink too much blood"?
  • shinkyshonky
    shinkyshonky Posts: 2,782 Forumite
    Considering most of them are tory sponsors...I cannot see change anytime soon...maybe the USA route should be applied, thats why they came here , as they are heavily regulated in America http://en.wikipedia.org/wiki/Payday_loans_in_the_United_States
    “When the debate is lost, slander becomes the tool of the loser.” Socrates

    Haters gonna hate
  • _Andy_
    _Andy_ Posts: 11,150 Forumite
    Usual lame MSE reporting then
  • dalesrider
    dalesrider Posts: 3,447 Forumite
    edited 28 May 2013 at 3:58PM
    MSE_Helen wrote: »
    "Citizens Advice found cases where money had been lent to people who had mental health issues, or were drunk at the time..."


    And that is the fault of the lenders......

    So are CA saying that anyone with mental health issues should NOT be allowed to have a loan....
    As for Drunk.... Well a quick look in the mirror is where that problem lies :mad:

    As much as I hate these companies. They do provide a service to many people.
    Never ASSUME anything its makes a
    >>> A55 of U & ME <<<
  • Dogger69
    Dogger69 Posts: 1,183 Forumite
    dalesrider wrote: »
    And that is the fault of the lenders......

    So are CA saying that anyone with mental health issues should NOT be allowed to have a loan....
    As for Drunk.... Well a quick look in the mirror is where that problem lies :mad:

    As much as I hate these companies. They do provide a service to many people.

    I agree - I have a mental health condition, classed as severe and long term. I have a mortgage, which I pay on time every month, and have been overdrawn once in my life. I have two credit cards which I pay off each month - I use them to collect airmiles. If some people had their way I would not be deemed fit to have credit, despite the fact I manage my affairs far better than many who are fit and healthy! ;)
  • OneLife_OneShot
    OneLife_OneShot Posts: 775 Forumite
    Tenth Anniversary 500 Posts Combo Breaker
    I remember the thread on here about some guy wanting to put in a claim for a mis-sold loan under the pretense he was drunk when he filled out the application form, he spent all the money and tried to blame the bank.

    NO-ONE makes people take out PDLs only the people themselves.
    "All truths are easy to understand once they are discovered, the point is to discover them."


This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 355.4K Banking & Borrowing
  • 254.7K Reduce Debt & Boost Income
  • 456K Spending & Discounts
  • 248K Work, Benefits & Business
  • 605.3K Mortgages, Homes & Bills
  • 178.9K Life & Family
  • 263.1K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture