Daily Mail article about Channel 5 debt programme

poppasmurf_bewdley

There's an article in Mail Online about a new C5 programme on debt tonight, featuring a woman who borrowed £500 to pay for Christmas.

http://www.dailymail.co.uk/femail/article-2588129/I-borrowed-500-ended-paying-100-000-How-ruthless-loan-sharks-destroyed-one-mothers-life.html

And as an advanced warning, Christmas will be back this year on December 25th. Just saying .... you have been warned!!

FireWyrm

This was loan sharking. It wouldnt have worked without her co-operation. Stupid woman. In years gone by, the only way I had £500 to spend on Christmas was because I bought savings stamps from Morrisons along with the weekly food shopping.

Bublin1

Oooh I didn't know about that programme. On tonight at 9pm.

Why do people on a low wage/welfare want to spend £500 at Christmas....and borrow on it too? Heck, I'm on a decent wage but would not spend that amount.

Muhren

So Iwas watching the programme and they had a guy on who had lost everything to gambling, they then go to the adverts and there is one for a casino straight away. Well done channel 5.

GingerFurball_2

Is it wrong that the gambling adverts amused me?

BillJones

poppasmurf_bewdley wrote: »

There's an article in Mail Online about a new C5 programme on debt tonight, featuring a woman who borrowed £500 to pay for Christmas.

http://www.dailymail.co.uk/femail/article-2588129/I-borrowed-500-ended-paying-100-000-How-ruthless-loan-sharks-destroyed-one-mothers-life.html

And as an advanced warning, Christmas will be back this year on December 25th. Just saying .... you have been warned!!

My heart really did go out to that woman who was properly fleeced by a illegal loan shark (people should check out her total repayments, and compare them to legal payday lenders...), but I couldn't help but despair at the start of her troubles, where she borrowed £500 to buy her children a computer for a Christmas present. "It was the best Christmas of their lives". Well yes, and because of the debt, it always will be. The next would have been better yet had she not decided to take on a loan.

BillJones

Muhren wrote: »

So Iwas watching the programme and they had a guy on who had lost everything to gambling, they then go to the adverts and there is one for a casino straight away. Well done channel 5.

The advert for the consolidation loan comany also seemed a bit off.

I checked out their website, and there wasn't an APR anywhere to be seen, just a slider to choose how much debt you have, and a form to have an "agent" call you.