Tv Adverts for Money Lenders

asbokid

Laz123 wrote: »

These lenders are nothing short of legalised loan sharks. They should be taken outside and executed in front of their families. (Now, where have I heard this expression before?)

Like this...

Pawnbroker burnt to death after being doused in petrol and set alight on his own doorstep

Daily Mail

11th December 2008

"A pawnbroker was burnt to death after he was doused in petrol and set alight on his own doorstep by assailants.

Neighbours say pawnbroker George Black, 41, opened his front door to be confronted by two men - one who threw petrol on him while the other ignited it with a match.

"An elderly neighbour of Mr Black said the pawnbroker was known locally as someone 'you didn't cross''.

The man, who asked not to be named, said: 'We're not very surprised that he was attacked, but we are surprised by the severity of it all.

'He lived here for about ten years. He was known locally as a man you didn't cross.

It's ironic how this loan-shark met his fate.

He was notorious for his threats to non-payers. His parting words to a creditor were always: "If you don't ****ing pay up by Friday, I will ****ing set you on fire!"

Like most loan-sharks, Black was intimately involved in the drug trade. He profited from it in multiple ways.

His business was used to 'fence' valuable goods that had been stolen by drug addicts to feed their habits.

Junkies will rob anything for a quick £5 fix. Pawnbrokers know intuitively when pawned goods are stolen, but they rarely shun a deal.

Black was involved in the supply of drugs, and laundered large sums of dirty money which he 'legitimised' through his books. He allegedly provided capital to other drug dealers.

In short, he was a man who destroyed communities in his pursuit of filthy lucre.

But in the end, he paid the ultimate price for greed.

asbokid

wik wrote: »

Drive me mad....

As I am sure that some people end up being sucked in by them at this time of year in desperation.... And they don't take much notice of the payback terms as that bit seems to flash by quickly! Last night there were 3 in a row on one channel!!

Advertising in prime-time TV slots costs a lorra lorra money. But for Wonga.com, it's clearly money well spent, if it reels in new suckers who take out crippling loans at mind-blowing rates of interest.

Much of the money that wonga.com uses to buy TV and internet advertising is obtained from charities, pension funds, and university endowments:

Those charities have unwittingly entrusted their reserves, in good faith, to Balderton Capital. But unbeknownst to the charities, Balderton is funnelling our donated cash to its accomplices in Wonga.com, the ogres of the loan industry.

Wonga then lends our charity money at extortionate rates of interest to those who can least afford to pay it back.

So it's left to us to ensure that our charity donations are invested ethically.

For those planning any charity-giving in 2012, it's worth making the situation crystal clear to your chosen charity..

"I plan to donate to your good cause, but only if you promise not to invest one penny of my money with Balderton Capital.

I will not allow my benevolence to be abused by Balderton.

"I will not donate a penny if my money is used to bankroll loan sharks like Wonga.Com. These rogues are destroying lives in the very poorest parts of society..."

PrincessPeach1988

Whatever happened to personal responsability.

I've not used any of these sites myself but how exactly are these companies "vermin."

Just had a look at Wonga, and it states clearly the payback date and the amount extra you'll pay on your loan, it doesn't look unscrupulous in the slightest and to be honest I wouldn't say its particularly extortionate.

I think its the people who blissfully live beyond their means and live an irresponsable lifestyle and then come crying the minute it catches up with them who are closer to being "vermin" than these companies.

goodz

What's a mystery to me is why the government thinks it's ok for big business to squeeze the life out of poor people and desperate people and weak ignorant twits in this manner.

Ok, they're not quite breaking legs and threatening death and violence and such like as traditional loan sharks do but it's pretty much the same principle, taking advantage of weak people's need and weakness.

So ultimately therefore the notion is that it's ok for weak stupid people to destroy themselves in this manner and who cares if they do.

But I thought that in supposedly modern civilised countries the state is supposed to have a duty of care to its citizens and particularly the weak, vulnerable poor ones.

But evidently not.

Well, there we are, Britain is a failed country and Cameron, Brown, Blair, Major etc and their cronies don't care if the people at the bottom of the pile are ground underfoot to enrich exploiters.

Well, we know that, don't we, I'm stating the obvious, actually. Ok, next. Yup, it's nothing to do with me, what could I do about it. My broom isn't big enough to sweep the world clean and it's not my job anyway. But it is bothersome when you think about it, isn't it. And this is going on in Britain, this isn't India or Africa or south America etc where savagery is the norm, this is Britain in the year 2011.

goodz

asbokid wrote: »

Like this...

Pawnbroker burnt to death after being doused in petrol and set alight on his own doorstep

Daily Mail

11th December 2008

"A pawnbroker was burnt to death after he was doused in petrol and set alight on his own doorstep by assailants.

Neighbours say pawnbroker George Black, 41, opened his front door to be confronted by two men - one who threw petrol on him while the other ignited it with a match.

"An elderly neighbour of Mr Black said the pawnbroker was known locally as someone 'you didn't cross''.

The man, who asked not to be named, said: 'We're not very surprised that he was attacked, but we are surprised by the severity of it all.

'He lived here for about ten years. He was known locally as a man you didn't cross.

It's ironic how this loan-shark met his fate.

He was notorious for his threats to non-payers. His parting words to a creditor were always: "If you don't ****ing pay up by Friday, I will ****ing set you on fire!"

Like most loan-sharks, Black was intimately involved in the drug trade. He profited from it in multiple ways.

His business was used to 'fence' valuable goods that had been stolen by drug addicts to feed their habits.

Junkies will rob anything for a quick £5 fix. Pawnbrokers know intuitively when pawned goods are stolen, but they rarely shun a deal.

Black was involved in the supply of drugs, and laundered large sums of dirty money which he 'legitimised' through his books. He allegedly provided capital to other drug dealers.

In short, he was a man who destroyed communities in his pursuit of filthy lucre.

But in the end, he paid the ultimate price for greed.

A bit of research suggests that actually his murder was not due to greed or his pawnbroker/drug dealing/”being a man you don’t cross” activities. It was due to his cheating girlfriend and his threats to her and her lover.

“The court heard the weekend before the attack Mr Black found out about her year-long affair and had made threats towards her and Field.”

Partner: I didn’t plot to kill pawnbroker
Wednesday 11th November 2009
http://www.shropshirestar.com/latest/2009/11/11/partner-i-didnt-plot-to-kill-pawnbroker/#ixzz1hu8LP4fL

His girlfriend was having an affair with one of the murderers, called Field, and “had been pregnant with a child she believed to be Field’s at the time of the murder.”

Also here’s a comment below the article that, if true, adds some more understanding to the tragedy and suggests that he was good to at least one person :

“He was an old friend of mine who was a kind, gentle, lovely man”
Saira November 25, 2009 at 20:38

Detectives welcome Black convictions
Tuesday 24th November 2009
http://www.shropshirestar.com/latest/2009/11/24/detectives-welcome-black-convictions/#ixzz1hu479JZk

brightonman123

so do people think the rates they charge are even halfway fair?

Quat

brightonman123 wrote: »

so do people think the rates they charge are even halfway fair?

The rate is irrelevant. If the lender has clearly stated the terms of the loan to the customer and the customer has agreed to them, the loan is fair.

PrincessPeach1988

brightonman123 wrote: »

so do people think the rates they charge are even halfway fair?

People don't tend not to look past the APR which is inproportionately high due to the nature of the loan. In real terms borrowing £100 for a week on Wonga will cost you £12.78 extra, which isn't really that much in the scheme of things.

Derivative

brightonman123 wrote: »

so do people think the rates they charge are even halfway fair?

If I offer you £50 for a punch in the face and you accept willingly, is it unfair that I punch you in the face?

I would say no. Some would say yes. Difference in morals, I suppose.

piglet25

If these companies had anything about them they wouldn't lend to people who obviously can't pay it back, which is why the banks won't lend to them, they are not vermin who live above their means, they are people who have no money put by for rainy days. These companies are the vermin praying on their misfortune.