MSE News: Payday loan ads should be banned from kids' TV, MoneySavingExpert.com says

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  • fermi
    fermi Posts: 40,546 Forumite
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  • Former_MSE_Darryl
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    "Ed Miliband has backed MoneySavingExpert.com's campaign to stop adverts for payday loans being shown during children's programmes, warning Labour would change the law to ban them if necessary..."
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    Ed Miliband backs MSE's call to ban payday loan ads from kids' TV

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  • Kite2010
    Kite2010 Posts: 4,304 Forumite
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    Why just stop at children's programming, why not go the whole hog and ban TV/Radio advertising outright?
  • Hazzinho
    Hazzinho Posts: 742 Forumite
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    How about they teach finances at school it appears half the country are useless with money. Credit and loans are fine when managed properly, teach kids the basics before they can get credit.
  • rizla_king
    rizla_king Posts: 2,895 Forumite
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    Kite2010 wrote: »
    Why just stop at children's programming, why not go the whole hog and ban TV/Radio advertising outright?

    Probably because it's not really a realistic goal at the moment, while getting them off kids TV is something that has a better chance those in power agreeing to. Sometimes its better to choose battles you can win.
    Still rolling rolling rolling...... :) <
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  • pmduk
    pmduk Posts: 10,655 Forumite
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    Politicians may listen in opposition. It makes no effect to what they do in power. A bit like any promises they make.
  • Dave_save
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    I'm amazed these ads are even on kids TV in the first place. Payday loan sharks should be banned from selling their 'products' to anyone under the age of 21.
  • im-lost
    im-lost Posts: 1,927 Forumite
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    Or instead of demonising what is for many a lifesaver and money saving tool, yes really, it's cheaper to get a payday loan than it is to allow a direct debit to bounce, maybe 'martin' AND MP's could lobby for more provisions for financial education in schools, and the government to setup easy availability to access to short term loans which they removed by palming crisis loans off to local councils.
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