MSE News: Payday lenders 'out of control', says Citizens Advice 28 May 2013 at 10:55AM in Loans 15 replies 2.3K views

Former_MSE_Helen

"Citizens Advice found cases where money had been lent to people who had mental health issues, or were drunk at the time..."

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Payday lenders 'out of control', says Citizens Advice



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Grade_A_Reject

There's a piece been running on this on Sky News all morning. Interspersed in the ad breaks by adverts for Payday loans. Couldn't create better irony if I tried.

Apples2

How would an Internet application know if the applicant was drunk at the time?

I booked a weekend in Rome when I was drunk... still went (but not dressed as Spartacus as I intended when booking).

gb12345

Apples2 wrote: »

How would an Internet application know if the applicant was drunk at the time?

I booked a weekend in Rome when I was drunk... still went (but not dressed as Spartacus as I intended when booking).

http://i-drunk.com/index.php?main_page=product_info&cPath=1&products_id=1&zenid=9345cb9807d58ae9bfe7aa2693c1caa0

Might be worth you investing in one just in case, next time it might be Bognor in November.

Apples2

This can stop you from doing something you will regret such as Gambling, shopping, adult entertainment

That device is going nowhere near my PC :laugh:

Pincher

Money lenders are blood sucking vampires.

How did they apply for the licenses?

"I promise not to drink too much blood"?

shinkyshonky

Considering most of them are tory sponsors...I cannot see change anytime soon...maybe the USA route should be applied, thats why they came here , as they are heavily regulated in America http://en.wikipedia.org/wiki/Payday_loans_in_the_United_States

_Andy_

Usual lame MSE reporting then

dalesrider

MSE_Helen wrote: »

"Citizens Advice found cases where money had been lent to people who had mental health issues, or were drunk at the time..."

And that is the fault of the lenders......

So are CA saying that anyone with mental health issues should NOT be allowed to have a loan....
As for Drunk.... Well a quick look in the mirror is where that problem lies :mad:

As much as I hate these companies. They do provide a service to many people.

Dogger69

dalesrider wrote: »

And that is the fault of the lenders......

So are CA saying that anyone with mental health issues should NOT be allowed to have a loan....
As for Drunk.... Well a quick look in the mirror is where that problem lies :mad:

As much as I hate these companies. They do provide a service to many people.

I agree - I have a mental health condition, classed as severe and long term. I have a mortgage, which I pay on time every month, and have been overdrawn once in my life. I have two credit cards which I pay off each month - I use them to collect airmiles. If some people had their way I would not be deemed fit to have credit, despite the fact I manage my affairs far better than many who are fit and healthy!

OneLife_OneShot

I remember the thread on here about some guy wanting to put in a claim for a mis-sold loan under the pretense he was drunk when he filled out the application form, he spent all the money and tried to blame the bank.

NO-ONE makes people take out PDLs only the people themselves.