MSE News: Payday lenders to share real-time information on borrowers

VictimOfImpersonation

BillJones wrote: »

No, that makes no sense at all, sorry.

I undertsand that you have a real bee in your bonnet because people have recorded misdeeds, but most of us prefer that your sort don't get to keep your defaults secret.

My sort? What the devil are you insinuating now you feeble excuse for humanity, BillJones? I don't default and my non-secured credit lines on a modest income are probably considerably greater than yours with those 'discretionary' bonuses I read about.

What you are advocating is that customers get to default, and then stop anyone knowing about it. That's simply idiotic.

I am advocating no such thing. I am advocating that lenders need to work before they issue credit and whilst they are owed money, not as part of some Stasi-like operation but by knowing their customers and properly interacting with them in human face to face ways, not electronic ways. If they won't do that then they should not be in the lending business and if they should not be retail lenders then they should not be permitted to take any other licensed part in UK retail banking either.

You probably do not realise it, but you are advocating that all of us should be electronically tagged all the time for your warped corporate idea of what is of benefit to society. Well sorry, but No. If you want any part of my business and to know my business then you must ask me properly, and make a judgement on that and upon any references I am specificly happy to one-time permit you to approach. You may not approach my neighbour or some nefarious Stasi outfit any time you like. To argue otherwise marks you as a lazy basket or someone who desperately wants to grab a share out of loan-sharking in a sub-prime market.

Perhaps you think we are all sub-prime? Perhaps some of us think you are sub-human.