People who take out payday loans....

pops5588

PZH wrote: »

First of all - well done you for getting sorted and moving on :T:beer::T

However, according to the BBC News article, a PayDay Loan may remove that option for many...

Yes I was vaguely aware of this. My last payday loan was about 4 years ago so I think they could see it wasn't an issue in my present. Also I think our 25% deposit helped

I just hope that they investigate the circumstances surrounding it a bit as opposed to slapping down a 100% ban on it. Seems a tad harsh for some who, like me, had a brief desperate period a long time ago.

Blackbeard_of_Perranporth

Labour and their social engineers introduced the minimum wage to lift people out of poverty.
It has failed

There is now talk of an enhancement to the minimum wage, called the living wage.
Another to be released social experiment on poverty.

Reality remains that these companies exist beacuse the government and social engineers cannot fix the problem of poverty!

As for me. Well, for the second time this year, beacuse some invoiced (4 figure) remian unpaid in my company, I will have to borrow £100 to get through until a pay day! It will be left as late as practical!

Yet a Multi Million pound organisation again that owes me money, gets away with it, but should I take a pen from their reception I am sure I would be done for theft!

bobobins

kwmlondon wrote: »

Yeah, sure, it just reminds me of people who have a talent/skill/awareness that can't understand why other people don't. At school I was treated like an idiot because I couldn't play sports. It was utterly beyond the ability of my classmates or PE teacher to understand that I didn't have the ability to throw/catch/kick things like them.

It's not just that some people are dumb - because they are, undoubtedly - and others are ignorant, but we exist in a system where the people who make the rules want fewer people to understand them. Wonga etc. would much prefer it if NONE of us understood maths at all, and a significant number of politicians are on the boards of payday loan companies, let's not even get started on the amount of lobbying they pay for.

You and I are lucky. That's all. We're not special, or god's chosen few, we're just a handful of people who have had the opportunity in life to make decent financial decisions. We ought to do all we can to share this with others and I don't like it when people take the p**s out of those who make s**t financial decisions.

The weak need our help not our derision. I thin I'm saying I agree with you. Am I?

Very much agreed. My biggest gripe was the fact that this thread was not started to bring awareness to an issue or to provide help or support to people in need. It was started with the intention of insulting people for the sake of insulting them.

pops5588

bobobins wrote: »

Very much agreed. My biggest gripe was the fact that this thread was not started to bring awareness to an issue or to provide help or support to people in need. It was started with the intention of insulting people for the sake of insulting them.

Absolutely. And the troll is yet to return.

hollydays

roh999 wrote: »

"vulnerable" mmmmmmmmm im sorry but im struggling to find where ive "laughed" at the "vulnerable" ...why take out one of these loans after all the publicity knowing the consequences if not paid back was my point......i do like how your post has a kinda 'them and us' attitude..

Irony?.......................

hollydays

roh999 wrote: »

then moan about the interest afterwards...nothing but idiots!

Them and us you say..

Rotor

bobobins wrote: »

I just did a quick calculation on Wonga to see how much it would cost to borrow 300 pounds for 2 week. turns out it's £48.27. I was unaware this was a lifechanging amount of money.

Nearly £50 for £300 over 2 weeks -that strikes me as a lot!

Granted as a one off , once in a lifetime payment it wouldn't hurt many ; but they rarely are one offs. If that is taken out a few times a year ( or rolled over) it pretty soon cripples.

jacques_chirac

hollydays wrote: »

And you are a knob

Throwing around insults makes you look as bad as the OP.

pops5588

jacques_chirac wrote: »

Throwing around insults makes you look as bad as the OP.

I think the OP is too busy being super-sensible with their money on the Betting board to notice...

hollydays

The OP calls people idiots, sure he can take that..