Pay day loans- guess who set them up?

banks4u

If you know that the people behind payday loans and various other companies like that, are the people that sold people sub prime mortgages, and don't advise them appropriately.
I would be very careful with using them.

meer53

What ? All of them ? Where is the evidence of this ?

_Andy_

banks4u wrote: »

If you know that the people behind payday loans and various other companies like that, are the people that sold people sub prime mortgages, and don't advise them appropriately.
I would be very careful with using them.

Thank you for that highly informative post.

Ghostrider

banks4u wrote: »

If you know that the people behind payday loans and various other companies like that, are the people that sold people sub prime mortgages, and don't advise them appropriately.
I would be very careful with using them.

Evidence please or it means nothing.

Wutang_2

banks4u wrote: »

If you know that the people behind payday loans and various other companies like that, are the people that sold people sub prime mortgages, and don't advise them appropriately.
I would be very careful with using them.

Sub prime mortgages were still mortgages - they lent the money.

What is this fascination?

Borrow money - pay it back - job done.

(if that goodz says a word, I am tracking the pernicious mutha down)

meer53

Where does it mention "sub prime" in this article ?


http://www.fasttrack.co.uk/fasttrack/leagues/dbDetails.asp?siteID=3&compID=3164&yr=2011

goodz

Wutang wrote: »

Sub prime mortgages were still mortgages - they lent the money.

What is this fascination?

Borrow money - pay it back - job done.

(if that goodz says a word, I am tracking the pernicious mutha down)

Boo. Na na na na na. Yah boo sucks to u 2.

Rooooom service, you called, Sir? How may we be of help?

That is my considered opinion about pay day loans. Heed these words of wisdom, especially the na word, that's where the important info is. Sucks is also a good one to consider in this context. Boo also has some resonance but that's more just backing vocals for the lead vox.

Here endeth today's lesson.

Pernicious, good word. I wonder where you got that from. Is it on your mind now? Do you think that word last thing at night and then again first thing in the morning. Is it in your dreams as well now. Well, I never, powerful things words, aren't they. Don't forget insidious, that's another good one. That gets right in there, that gets to parts that other beers don't quite reach.:j

banks4u

As I know the main people who set up sub prime brokers as I used to work directly with them, they all now work set up pay day loans. Maybe not all of them but I'd you do an FSA search on the owners I bet you will be surprised. Stay away from them !!! If you can't get a normal loan there is a reason!! Start managing your money better or going without.

banks4u

https://forums.moneysavingexpert.com/discussion/2325205

DCFC79

PDL are fine if the person using them is responsible and pays on time, we have seen many posts on here where the OP has neglected the responsibilities of a PDL.

meer53

banks4u wrote: »

As I know the main people who set up sub prime brokers as I used to work directly with them, they all now work set up pay day loans. Maybe not all of them but I'd you do an FSA search on the owners I bet you will be surprised. Stay away from them !!! If you can't get a normal loan there is a reason!! Start managing your money better or going without.

So you know SOME of them ? But you don't know ALL of them. Which ones do you know ?

Still no evidence i see. And you're linking to a post from 2010.