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Pocket money loans designed to get children into debt

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kwmlondon
kwmlondon Posts: 1,734 Forumite
in Loans
http://www.pocketmoneyloans.com

This is just heart-breaking. I can't believe this is happening in our country, write to your MP NOW!!!
«1

Comments

  • BrassicWoman
    BrassicWoman Posts: 3,218 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Mortgage-free Glee!
    http://www.moneywise.co.uk/news/2014-10-26/payday-loans-service-aimed-children-launches

    well played, artist Darren Cullen
    2021 GC £1365.71/ £2400
  • Dangermac
    Dangermac Posts: 557 Forumite
    kwmlondon wrote: »
    http://www.pocketmoneyloans.com

    This is just heart-breaking. I can't believe this is happening in our country, write to your MP NOW!!!

    Apparently, they are about to remove the word gullible from the English dictionary
  • purdyoaten
    purdyoaten Posts: 1,159 Forumite
    Brilliant! Best laugh I have had for a while!
    There are 10 types of people in the world - those who understand binary and those who do not. :doh:
  • Monkeyballs
    Monkeyballs Posts: 1,935 Forumite
    Part of the Furniture Combo Breaker
    Cool, I might give these guys a go because Wonga won't accept me now and I only £15 for cigs :) do you think it'll matter that I'm not a child?

    And what's gullible got to do anything? Is it because it's aimed at little people like in Gullibles travels?

    MB
  • pvt
    pvt Posts: 1,433 Forumite
    At 400% the APR is just one tenth of that offered by mainstream adult PDLs.

    That probably reflects the much lower risk posed by 3-year-olds, who still think that when you borrow money you have to eventually pay it back.
    Optimists see a glass half full :)
    Pessimists see a glass half empty :(
    Engineers just see a glass twice the size it needed to be :D
  • Monkeyballs
    Monkeyballs Posts: 1,935 Forumite
    Part of the Furniture Combo Breaker
    My 8 year old niece (meanie Mona) isn't going to be too impressed, she has been raking it in at her primary school lending money out at extortionate rates... She does keep getting into trouble with teachers though for breaking the toys of any of the kids foolish enough to not pay her back wot wuz promised!

    MB
  • dealer_wins
    dealer_wins Posts: 7,334 Forumite
    Ronnie O'Sullivan thought of this name, but he was beaten to the patent office!!
  • Dangermac
    Dangermac Posts: 557 Forumite
    Monkeyballs wrote: »
    Cool, I might give these guys a go because Wonga won't accept me now and I only £15 for cigs :) do you think it'll matter that I'm not a child?

    And what's gullible got to do anything? Is it because it's aimed at little people like in Gullibles travels?

    MB


    er. the OP thought it was a bona fide web site. Hence gullible.

    They are removing it from the dictionary, you know
  • Coopdivi
    Coopdivi Posts: 3,412 Forumite
    I loved the pop-up when I applied for an £8 loan: SERVER ERROR: Too many kids are applying for loans right now, please check back later! :D.

    Good find kwm and a bit of a Whoosh moment from Dangermac which is a nice bonus. :p
  • Monkeyballs
    Monkeyballs Posts: 1,935 Forumite
    Part of the Furniture Combo Breaker
    Dangermac wrote: »
    er. the OP thought it was a bona fide web site. Hence gullible.

    They are removing it from the dictionary, you know

    I know... ;)

    MB
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