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.

Celebrate the Jubilee with a payday loan

SnowTiger
SnowTiger Posts: 4,461 Forumite
Part of the Furniture 1,000 Posts Name Dropper Photogenic
http://www.bbc.co.uk/news/uk-england-18250928:
A payday lender has been branded "irresponsible" after it published a blog suggesting people could take out a loan to fund Jubilee celebrations.

Payday Bank said the Queen's Diamond Jubilee presented the "perfect opportunity" to celebrate in true British style.

It concluded: "If you want to boost your Jubilee spending pot, a same day loan could provide the cash you need."

The article has been condemned by campaigners and a debt advice charity.

[...]

A spokesman for the company said the blog had been taken down once the BBC brought it to their attention.

He said: "We do not feel this was acceptable content and is not up to the standards we set ourselves with regards to responsible lending and brokering.

"The blog was written by a contracted third party, and we should have been more rigorous in checking the information on it.

Comments

  • nottoolate
    nottoolate Posts: 1,359 Forumite
    even if they had checked it (which they probably did), then bet they wouldnt have taken any action without the bbc piping up

    these lenders only develop 'standards' when thier shoddy ones are exposed
  • dealer_wins
    dealer_wins Posts: 7,334 Forumite
    No different to advertising a loan for "A Great Xmas" or "A fantastic Summer Holiday".
  • malkyh
    malkyh Posts: 1,085 Forumite
    What a fantastic idea. Better get on the net so I can fund my sausage rolls and cheap union jack flags.
  • chanz4
    chanz4 Posts: 11,050 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Xmas Saver!
    park hampers, save for christmas....no different. Or even valentines day
    Don't put your trust into an Experian score - it is not a number any bank will ever use & it is generally a waste of money to purchase it. They are also selling you insurance you dont need.
  • Gordon_Hose
    Gordon_Hose Posts: 6,259 Forumite
    Debt-free and Proud!
    So the BBC has now taken over the roll of OFCOM have they?
  • jason1231972
    jason1231972 Posts: 350 Forumite
    I don't generally agree with PDL advertising methods, I them distasteful at times. This is distasteful, but a fuss has only been made because of the jubilee factor. Oh how dare they! God save the queen, etc.

    The fact is, if you're irresponsible enough to borrow at extortionate rates for non-urgent purposes, you're going to do so anyway, jubilee or no!
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
  • 348.2K Banking & Borrowing
  • 252.1K Reduce Debt & Boost Income
  • 452.3K Spending & Discounts
  • 240.8K Work, Benefits & Business
  • 617K Mortgages, Homes & Bills
  • 175.6K Life & Family
  • 254K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 15.1K Coronavirus Support 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.