About bloody time
- Thread starter Retro Cat
- Start date
I'm in two minds, one thing I think yes they are leaches that should be controlled, but then I think people should be more responsible borrowers, you know the percentage and it's ridiculous, so why borrow the money when you know that it is going to be way more than you can afford to pay back in a month. But then am I being a bit right wing about it, I'd hate that.
But yes people should not be allowed to run free for all over the poorer persons finances
Alison
But yes people should not be allowed to run free for all over the poorer persons finances
Alison
No choice or just temptation, sure there are many weeks months that I could do with £50, £100 or £500 more than I have who dosen't, how many people are too stupid to understand percentages are in control of there own money?
Geese I'm sounding so right wing here :shock:
Credit unions are few and far between where I live I am too far from one to be accepted
Alison
Geese I'm sounding so right wing here :shock:
Credit unions are few and far between where I live I am too far from one to be accepted
Alison
rosstheboss
Retrobike Rider
Here comes the devil's advocate bit...
The lad who used to work for us used wonga.com... to borrow £60 on a friday, he paid them back £67 the following friday, over the phone/net quick easy cash if you're a bit short for some reason or another...
Remember the % apr is based on a loan over a year not over the few days/weeks the loans are designed for.
As usual read the small print before signing up otherwise you are skipping into a shitstorm
As usual people see the easy money bit and ignore the graft bit...
The reason these companies exist is because of idiots without money and clever people with! Discuss
*Mutters off into his pint*
The lad who used to work for us used wonga.com... to borrow £60 on a friday, he paid them back £67 the following friday, over the phone/net quick easy cash if you're a bit short for some reason or another...
Remember the % apr is based on a loan over a year not over the few days/weeks the loans are designed for.
As usual read the small print before signing up otherwise you are skipping into a shitstorm
As usual people see the easy money bit and ignore the graft bit...
The reason these companies exist is because of idiots without money and clever people with! Discuss
*Mutters off into his pint*
It's funny, while I have no idea what these paday loads are (assuming short term small loans?), when we were buying a house back in 2004 I think, went to a bunch of banks, trying to figure out ho much we could borrow so we could figure out what we cold buy (banks here are funny, they seem to want you to find a house you want first then see if you can borrow that much). My old bank went "sure we'll lend you $AU500K". We're all Wow thats amazing, but seriously, we don't want anywhere near that much thanks, that much is silly and went a bought a house for $170K.
Problem is that it seems a bunch of people go through the same thing, but think, Ye haw, $Xxxxxxxxx, we'll take it! Then 3 years later they are totally screwed.
Yes the companies are wrong for lending people that much, but really, the people are so stupid for taking out loads for stupid amounts of money.
No idea if that has anything to do with this thread sorry...but the beers tell me it does
Problem is that it seems a bunch of people go through the same thing, but think, Ye haw, $Xxxxxxxxx, we'll take it! Then 3 years later they are totally screwed.
Yes the companies are wrong for lending people that much, but really, the people are so stupid for taking out loads for stupid amounts of money.
No idea if that has anything to do with this thread sorry...but the beers tell me it does
