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Too easy loans

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hansi
hansi Posts: 3,001 Forumite
Part of the Furniture 1,000 Posts
I really is no wonder that vulnerable people get drawn into taking loans. Last week, I was in a Co-op bank withdrawing a couple of hundred pounds over the counter ( as I refuse to use cash machines) and I was handed a slip of paper with £25000 written on it. After a laugh with the cashier when I said, I only want £200, she said, no, that is the amount you could borrow from us today. When I said I had no need for a loan, she said I should still take one out if I could afford it as rates were very low. This is outrageous practice and should be stopped. They are trying to throw money at you.
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