Quick Money/Loan agencies

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Is anyone else out there that is disturbed by quick loan money companies?.. (modern day version of the door step loan sharks)

Unfortunatly a young person I know has got into financial difficutly and has got enticed by these companies... three in total, One is charging typical 2278% APR.....! As a result is falling deeper into debt. .

How can they be allowed to exist? especially after all the problems of last few years with people loosing everything when they have been given loans they had no way of paying back. I have written to my MP,,, in the hope that something can be done to save already vunrable people from further distress.

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  • Its-A-New-Age-Thing
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    Njol wrote: »
    Is anyone else out there that is disturbed by quick loan money companies?.. (modern day version of the door step loan sharks)

    Unfortunatly a young person I know has got into financial difficutly and has got enticed by these companies... three in total, One is charging typical 2278% APR.....! As a result is falling deeper into debt. .

    How can they be allowed to exist? especially after all the problems of last few years with people loosing everything when they have been given loans they had no way of paying back. I have written to my MP,,, in the hope that something can be done to save already vunrable people from further distress.


    hi a board mover may pop this into the LOAN section.......

    companies such as this will always exist, as we have a FAB goverment which doesent really give a monkeys etc,

    flm quick loans is the ONLY payday loan anyone should really entertain as there APR is only 199%........

    ONLY :rotfl:

    However it is the best of a bad bunch

    :cool:
  • Njol
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    Thanks for reply........... I have emailed our "fab goverment".. will let you know if I get response
  • BugsyBrowne
    BugsyBrowne Posts: 5,697 Forumite
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    This is why having a good credit report is very important at these present times,the time's we are in is brilliant for these high interest loan companies,they are praying on these people with bad credit histories like a dog to a rabbit.
    Its an excellent buisness as well.
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