MSE News: Loan shark cartoons to teach kids about debt dangers

Former_MSE_Helen

"School children in England, are being encouraged to be taught about the dangers of using loan sharks..."

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Loan shark cartoons to teach kids about debt dangers



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mattytun

Good anything that can help.

Carl31

This is something at least, but kids need to be taught how to budget and manage money, then the sharks would never appear

Its all very well trying to use scare tactics, but this does not solve the root of the problem, just gives them something to worry about when they cant manage their finances

tyger.eyez

Is there any way I can get hold of a copy of the video for home educated children does anyone know??

Thanks!

PeacefulWaters

Carl31 wrote: »

This is something at least, but kids need to be taught how to budget and manage money, then the sharks would never appear

When I went to school they taught me to add up and take away.

My kids tell me that they still do this.

If an adult can't apply this teaching to the concept of income, bills, saving and spending there is little hope.

Stoploansharks

The packs can be downloaded at birmingham.gov.uk/stoploansharks

(Text removed by MSE Forum Team)

Pincher

Get the bullies to dress up as Pay Day loan staff.
Use a smart phone to record lending £10 to a pupil.
After the £10 is repaid, start extorting more money.
Record footage of the payment demand sessions.
Post the video clips on "social media".
Like those slap happy videos, it will go viral, and lesson learnt.

bigadaj

Pincher wrote: »

Get the bullies to dress up as Pay Day loan staff.
Use a smart phone to record lending £10 to a pupil.
After the £10 is repaid, start extorting more money.
Record footage of the payment demand sessions.
Post the video clips on "social media".
Like those slap happy videos, it will go viral, and lesson learnt.

Possibly, more likely the bullies would catch onto this new way of extorting pocket money, and that woudk go viral.

hanlou007

Anybody that needs to be taught about things like this do not deserve to be allowed to have any money in the first place.......

It seems nowadays nobody has to learn by their mistakes !!!
You borrow from these people when you can't afford it - you get what you deserve....but you shouldn't do it again !!!!

themull1

The problem is, is that its far too easy to get credit, and if you can't get it through mainstream, you will go to a loan shark if you are desperate. Pupils do leave school without a clue about bills, bank accounts, mortgages,apr's etc, they should be taught these skills alongside reading, writing etc.

bigadaj

themull1 wrote: »

The problem is, is that its far too easy to get credit, and if you can't get it through mainstream, you will go to a loan shark if you are desperate. Pupils do leave school without a clue about bills, bank accounts, mortgages,apr's etc, they should be taught these skills alongside reading, writing etc.

Do you think the people who might benefit would learn and listen?

They don't learn the English, maths etc so why any difference for finances.