Default and company gone into administration

bradders1983

Its an interesting debate though.  People happily take these high interest loans out, nobody holds a gun to their head in doing so, and the payment history is reported as per any other loan.  I don't see the problem.

johnjones21

bradders1983 said:

Its an interesting debate though.  People happily take these high interest loans out, nobody holds a gun to their head in doing so, and the payment history is reported as per any other loan.  I don't see the problem.

you are entitled to your opinion yes, but that is a very uneducated comment. This is why a lot of payday loan companies have all been fined and gone into administration for irresponsible lending (proven) .
also no one puts a gun to your head but they target the vulnerable. As i was back in 2015 with my gambling addiction and i wasnt working but they still lent to me without the neccessary legal checks.

sourcrates

D3xt3r5L4b said:

sourcrates said:

D3xt3r5L4b said:

adamp87 said:

D3xt3r5L4b said:

Trolls?

You mean people with a correct and moral view on life?

Why do you insist on coming into such threads if you don’t agree & being ultimately unhelpful and then seen by others as troll worthy? 

OP came in asking for advice, yes you may not agree but if you’ve nothing to help then don’t comment would be the easier option. We could of course have a whole discussion on morality of banks and creditors too on the flip side.

It does remain that many companies pray on those in poor circumstances & do continue to lend when they shouldn’t. It’s possible OP may or may not succeed with a complaint. 

I was offering advice.

I realise the truth is hard to swallow for some, but such is life. 

Telling someone to just pay a debt, or to just accept a problem can’t be rectified, is akin to telling the man on the ledge to Just jump, you have no empathy with the people you are dealing with, you cannot simply judge everyone by a moral code, life is not that simple.

So telling someone to pay what they owe is wrong?

It may not be wrong, but ask yourself is it right ?

There are a certain few who insist on subjecting us to their one sided point of view, generally We give you a certain amount of slack, but we have a duty to keep the forum safe for everyone, and we will continue to do so.

bradders1983

Legal checks? Other than a credit check what are these checks you speak of?

johnjones21

bradders1983 said:

Legal checks? Other than a credit check what are these checks you speak of?

proof of income etc is what im speaking of. Affordability you know them kind??
having a perfect credit score doesnt mean your still bringing money in to repay the debt. 
i suggest you do some more research, goodbye

bradders1983

No, not "goodbye", I am still here. 

I wish you luck but I do wish people would take responsibility for their failure to pay debt on time and not seek redress on their credit files, and before you go off on one and wish me goodbye again I speak as someone who had to declare themselves bankrupt 7 years ago and had their credit file trashed for 6 years, despite someone else causing it. I didnt go around trying to change it.

sourcrates

bradders1983 said:

Legal checks? Other than a credit check what are these checks you speak of?

The OP is referring to the number of payday lenders that were in it just for the money, and lent to all and sundry without any checks whatsoever.
Most were crooks, who employed underhand tactics, such as emptying your bank account when you couldn’t repay your loan, I think you know what the OP is referring to.

bradders1983

sourcrates said:

bradders1983 said:

Legal checks? Other than a credit check what are these checks you speak of?

The OP is referring to the number of payday lenders that were in it just for the money, and lent to all and sundry without any checks whatsoever.
Most were crooks, who employed underhand tactics, such as emptying your bank account when you couldn’t repay your loan, I think you know what the OP is referring to.

I believe the procedure here is to say "goodbye" to you 🙄

johnjones21

sourcrates said:

bradders1983 said:

Legal checks? Other than a credit check what are these checks you speak of?

The OP is referring to the number of payday lenders that were in it just for the money, and lent to all and sundry without any checks whatsoever.
Most were crooks, who employed underhand tactics, such as emptying your bank account when you couldn’t repay your loan, I think you know what the OP is referring to.

of course he knows lol. 

bradders1983

I thought you had gone?