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Pocket money loans designed to get children into debt

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  • heartbreak_star
    heartbreak_star Posts: 8,286 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Rampant Recycler
    It's quite disturbing just how close this looks to a real payday loan site. Good work Mr Cullen!

    HBS x
    "I believe in ordinary acts of bravery, in the courage that drives one person to stand up for another."

    "It's easy to know what you're against, quite another to know what you're for."

    #Bremainer
  • Monkeyballs
    Monkeyballs Posts: 1,935 Forumite
    Part of the Furniture Combo Breaker
    heartbreak_star wrote: »
    It's quite disturbing just how close this looks to a real payday loan site. Good work Mr Cullen!

    HBS x

    Exactly, it's not exactly a stretch is it...

    MB
  • kwmlondon
    kwmlondon Posts: 1,734 Forumite
    Did anyone fall for it? Hehehe!
  • Monkeyballs
    Monkeyballs Posts: 1,935 Forumite
    Part of the Furniture Combo Breaker
    I actually managed to get a loan processed :) I was sent £15 but I'm wondering if I could get this written off as I lied on my application saying I'm 39 months old when I'm actually 462 months old!!! They clearly didn't check closely enough and as I'm already on a DMP this has thrown me into serious financial hardship :(

    MB
  • kwmlondon
    kwmlondon Posts: 1,734 Forumite
    Monkeyballs wrote: »
    I actually managed to get a loan processed :) I was sent £15 but I'm wondering if I could get this written off as I lied on my application saying I'm 39 months old when I'm actually 462 months old!!! They clearly didn't check closely enough and as I'm already on a DMP this has thrown me into serious financial hardship :(

    MB

    Get in touch with the CAB - Children's advice bureau.

    You may have to go piggybankrupt.
  • Monkeyballs
    Monkeyballs Posts: 1,935 Forumite
    Part of the Furniture Combo Breaker
    kwmlondon wrote: »
    Get in touch with the CAB - Children's advice bureau.

    You may have to go piggybankrupt.

    It won't stop Santa from swinging by over Christmas will it though? I'd hate for this to get me on the naughty list :(

    MB
  • kwmlondon
    kwmlondon Posts: 1,734 Forumite
    If I had kids I'd leave a leaflet for Pocket Money Loans in their stockings!
  • Apples2
    Apples2 Posts: 6,442 Forumite
    Coopdivi wrote: »
    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.
    Maybe they are having some teething problems.
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