Call me an idealist but...

opinions4u

PDL's aren't the problem. Borrow money. Pay it back on agreed date with a bit added on. Simples. While it's not a service I'd use, as an occasional cash flow tool there's nothing too much wrong with them.

The problems start when the borrower tells a fib (such as implying they actually have a payday coming up). Or when the borrower decides that PDLs are a way increase his income (when to anybody with half an ounce of sense it's the exact opposite).

LovelyLeeds

accountingbod wrote: »

I'm going to go away and work on something revolutionary for a while until i realise that it probably just doesn't exist!

I think - rather than imminent financial collapse (of your own) - seeing as you have a financial background, why not consider setting up workshops and educating people who simply don't understand the concept of debt/money.

accountingbod

Thanks guys.
Some good ideas and worthy comments. Food for thought.

Thanks for all your responses. I have calmed down now and am back to rational thinking (being a monday morning and all!)