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Alan Sugar blasts the payday loan companies
Comments
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me too, a simple yet brilliant idea,
only problem is how do you stop people going to 5 different lenders to borrow a fifth of their pay?0 -
If PDL did not exist, how on earth do you expect people to be able to afford scratch cards?0
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charlie3090 wrote: »me too, a simple yet brilliant idea,
only problem is how do you stop people going to 5 different lenders to borrow a fifth of their pay?
Very Simple, require all PDL's to be reported to CRA's and checks to be performed on every application. If say two applications in the last month, auto decline.
These PDL's are evil, although they do perform a useful service if used correctly....that is the main problem, by a lot of people they are not!!!I have numerous qualifications in Business and Finance, Accountancy, Health and Safety and am now studying Law.
Don't rely on anything I write as it may be wrong!!!0 -
Definitely don't think they should be allowed to advertise. Especially during Jeremy Kyle.0
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