Is there a "self exclude" option on payday loans sites?

Late_To_Bed

If not, why not?

Bookmakers/online casinos have a button the weak willed can click to stop them playing, to save them from gambling if they are depressed/drunk or whatever.

Surely pay day loans sites should be forced to have a similar feature?

HappyMJ

Late_To_Bed wrote: »

If not, why not?

Bookmakers/online casinos have a button the weak willed can click to stop them playing, to save them from gambling if they are depressed/drunk or whatever.

Surely pay day loans sites should be forced to have a similar feature?

errr...why? you don't lose money they give it to you and you can refuse to give it back if you can now longer afford to give it back.

Apples2

Isn't there a little red X in the top right corner of payday loan sites?

Late_To_Bed

Apples2 wrote: »

Isn't there a little red X in the top right corner of payday loan sites?

There's one of those on Ladbrokes.com too.

But there's also a self exclude.

Some people can't help themselves.

SnowTiger

Late_To_Bed wrote: »

If not, why not?

Bookmakers/online casinos have a button the weak willed can click to stop them playing, to save them from gambling if they are depressed/drunk or whatever.

Surely pay day loans sites should be forced to have a similar feature?

I'd guess it's because in extreme cases gambling can become an addiction. Bookmakers probably offer a self exclude facility to avoid the possibility of heavily handed laws being introduced to curb their activities.

Payday loan lenders haven't (yet) been pressurised in to offering a similar facility.

Late_To_Bed

SnowTiger wrote: »

I'd guess it's because in extreme cases gambling can become an addiction. Bookmakers probably offer a self exclude facility to avoid the possibility of heavily handed laws being introduced to curb their activities.

Payday loan lenders haven't (yet) been pressurised in to offering a similar facility.

borrowing money/spending is just as dangerous for some imo.

Thanks for the serious reply at least.

Too many snarky posters on MSE these days.

HappyMJ

Late_To_Bed wrote: »

borrowing money/spending is just as dangerous for some imo.

Thanks for the serious reply at least.

Too many snarky posters on MSE these days.

Dangerous in what way? Borrow too much and not pay it back and the money stops. Life goes on. The problem with gamblers is they get a pay cheque then spend it on a sure bet they heard about in the hope of doubling it without thinking that the rent and the bills should be paid first just in case the favourite loses. No rent paid=no house=homeless.

Late_To_Bed

HappyMJ wrote: »

Dangerous in what way? Borrow too much and not pay it back and the money stops. Life goes on. The problem with gamblers is they get a pay cheque then spend it on a sure bet they heard about in the hope of doubling it without thinking that the rent and the bills should be paid first just in case the favourite loses. No rent paid=no house=homeless.

Some people just don't walk away from debts.

Bravehearted_2

Of course. Pass on accountability to the lenders.

Are people so brain dead these days that they need soooo much protection from themselves?

KingElvis

An lilly livered idiot button?

start2013debtfree

Is there not something you can download that blocks these kind of websites? I know my hubby, mums and sisters work all have this program in their work computers!