PaydayUK

Monkeyballs

redcard wrote: »

Many people like you don't pay them back. You just need to accept that you've chosen to place yourself amongst the dregs of society.

It's not just the dregs of society who use them? While I'm not saying I'm not among them (LOL) I happen to know friends who are teachers, nurses and PHD students - are they dregs too?

End of the day, if I was a PDL lender then I would rather remind my lenders because in theory it is a one off transaction...

MB

Sabbathdei

Monkeyballs wrote: »

It's not just the dregs of society who use them? While I'm not saying I'm not among them (LOL) I happen to know friends who are teachers, nurses and PHD students - are they dregs too?

End of the day, if I was a PDL lender then I would rather remind my lenders because in theory it is a one off transaction...

MB

I think people tend to overlook the "payday" part when they take one out and either don't realise or just deliberately forget that they have to pay it back within a month or whatever.

bigadaj

Monkeyballs wrote: »

It's not just the dregs of society who use them? While I'm not saying I'm not among them (LOL) I happen to know friends who are teachers, nurses and PHD students - are they dregs too?

End of the day, if I was a PDL lender then I would rather remind my lenders because in theory it is a one off transaction...

MB

Fair point but it's a sad reflection on society that such people are using this form of credit.

You would expect people in reasonable jobs to realise that virtually any form of loan is really stealing money off your future self, and short termism is now so acute that rather than this being a couple of years in the future it's now literally weeks.

Monkeyballs

Morning,

Sabbathdei and Bigadaj, yup you're right...

The folk I know who have taken these loans are generally using them properly and luckily are not rolling them over to the next month constantly or struggling to get the money it's simply just a case of sometimes they need to get their hands on a quick £50-100 and it's normally a few days before payday so cost of interest is low.

The fact is that none of them realised that it was going to have any negative impact on their credit files either as it was sold to them at the times as being beneficial to their files! And I suspect there are many others out there who have done the same...

But chin up, according to Georgey Porgey Osbourne everyone is in a better off now than they were a year ago I guess it's just a matter of time before we are all swimming in wealth and these payday lenders will go the way of the dinosaur LOL

MB

redcard

Monkeyballs wrote: »

It's not just the dregs of society who use them? While I'm not saying I'm not among them (LOL) I happen to know friends who are teachers, nurses and PHD students - are they dregs too?

End of the day, if I was a PDL lender then I would rather remind my lenders because in theory it is a one off transaction...

MB

Then you need to seriously question the integrity and intelligence of many people with PhDs.

Maybe some teachers and nurses aren't so good with numbers. Hardly surprising.

bigadaj

redcard wrote: »

Then you need to seriously question the integrity and intelligence of many people with PhDs.

Maybe some teachers and nurses aren't so good with numbers. Hardly surprising.

I'm not sue that this isn't a deeper problem that is uniquely british. It's been weirdly acceptable for people to say that they don't know much about maths or science and just laugh it off, whereas it's not acceptable to know little about the Arts, history and drama etc.

That's my take anyway, and many might disagree, but i think this also might partly explain the weird acceptance of financial advisors, accountants and bankers as being supposedly massively intelligent and so deserving of high rates of pay, charges etc

robatwork

Apples2 wrote: »

flamboyant vocabularies

Went to see them supporting Ultravox in the Hammersmith Odeon 1988

JuicyJesus

bigadaj wrote: »

I'm not sue that this isn't a deeper problem that is uniquely british. It's been weirdly acceptable for people to say that they don't know much about maths or science and just laugh it off, whereas it's not acceptable to know little about the Arts, history and drama etc.

Not especially uniquely British. The Americans have the same issue: anti-intellectualism.

bigadaj

JuicyJesus wrote: »

Not especially uniquely British. The Americans have the same issue: anti-intellectualism.

I would disagree, but were all entitled to our opinion. I'm speaking as a professional engineer/ scientist, with two degrees and chartered through an institution. The view of this in the uk is often that you're some sort of mechanic, which wouldn't be the case anywhere else in Europe or North America.

That aspect is uniquely british though across Europe you find things reversed, for example a professional engineer provides real status whereas if you're a lawyer then that isn't considered anything special at all.

I think the British problem is actually pro intellectualism, rather than valuing things which are hard facts, provable and calculated, people seem impressed by long speeches using florid language and trying to confuse people rather than justify and show things definitely. This latter point seems to dominate politics.

Anyway rant over, and there are different views. My fathers favourite phrase, as a self employed shop and business owner in his seventies who left school at 14, is 'I might not be able to read or write but I can bloody count'.

Hanky_Panky

JuicyJesus wrote: »

How so?

Payday loans are ridiculously high risk.

Care to check out the delinquency rate of a payday lender such as MEM or Wonga compared to a mainstream lender ?