Speedydosh in liquidation

Brains64

Deleted%20User wrote: »

Whilst I hope not more violence will occur? There will be more bankrupty? and the likes

Never thought I'd say it perhaps borrowers deserve the same brush as the lenders though it says something when you find a short term loan charging the same as bank overdraft but I did wonder where the profit was whilst thinking it great

See one payday lender changed their business model to guarantor loans.. perhaps their will be a lot more of that, interesting

In a way they are the same, you've touched on something deep there:T because at the end of the day, we're all doing business on one level or another, the lender is doing business to survive, the borrower, by borrowing, is doing business to survive, forget the old adage 'never a lender or a borrower be', that's not the real world, everybody is a borrower and everybody is a lender of sorts, we're all in it for ourselves and our own interest because it's all about survival at the end of the day, either on a business level, a personal level or both.

Ethics go out the window because let's be honest, the lender couldn't care less how their borrower gets the money to repay them, they just want their money back plus interest for use of, that's all they care about and the borrower equally couldn't care less where the lenders money comes from or the conditions the lender sets for repayment, they need money, that's all they care about, they worry about that later, how many people can really be bothered to properly read and fully understand a long page of T&C's attached to a loan when they're in dire straights?, I know I couldn't, all they'll be thinking of is the landlord breathing down their necks for rent arrears, the bank breathing down their neck for mortgage arrears, bills etc, who can be bothered to read in that situation?, yes, I can hear many of you, I know...I know.....of course in the long term it would pay to read, think logically, etc but that's easy said in hindsight, been there.