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Payday loans........don't we ever learn.............

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Old 12 December 2011, 02:29 PM
  #31  
paulr
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Originally Posted by jonc
So who's at fault if the proverbial hits the fan, the one who is offering the loan or the one taking the loan?
Both. There is a difference between offering a service, and taking advantage of people in need.
Old 12 December 2011, 02:35 PM
  #32  
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Originally Posted by Ant
Also added the interest rate will match theirs if the bill wasn't paid.
Nice touch
Old 12 December 2011, 05:41 PM
  #33  
David Lock
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Originally Posted by ALi-B
IMO Its always the person taking out the loan; Only they know their financial predicament. The loaner only knows what they been told by the borrower.

Its the borrower's choice to take up the offer of a loan. They can always refuse or find another mean of debt management.

ALi - there is a job waiting for you at the Treasury, Athens ........

When you you've sorted them out nip up to Rome and finish off with a week in Dublin

dl
Old 12 December 2011, 06:09 PM
  #34  
chris666
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A young lad at work has just taken one of these loans out today
said he was short by £80 for christmas(26yo with 4 kids)
a few of us offered to lend him the money untill new year but no he took the loan
so for £80 he has to pay back £300
just can't help some people
Old 12 December 2011, 06:16 PM
  #35  
Ant
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That can't right surely? £300 for £80

You're not working that out by a years apr are you?
Old 12 December 2011, 06:33 PM
  #36  
chris666
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Originally Posted by Ant
That can't right surely? £300 for £80

You're not working that out by a years apr are you?
Don't know thats all he told us today
Old 12 December 2011, 06:47 PM
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Well he doesnt deserve his mates halp does he?!
The only reason these short term loans are thriving is because the banks have tightened there belts and said no to these people when 3 years ago they said yes.
Old 12 December 2011, 07:47 PM
  #38  
David Lock
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Originally Posted by chris666
A young lad at work has just taken one of these loans out today
said he was short by £80 for christmas(26yo with 4 kids)
a few of us offered to lend him the money untill new year but no he took the loan
so for £80 he has to pay back £300
just can't help some people

A pack of condoms is what he needs...........

dl
Old 12 December 2011, 08:00 PM
  #39  
LUCKO
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Originally Posted by David Lock
A pack of condoms is what he needs...........

dl
thats no use to him now is it? he already has 4 kids
Old 12 December 2011, 08:25 PM
  #40  
Maz
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Originally Posted by chris666
A young lad at work has just taken one of these loans out today
said he was short by £80 for christmas(26yo with 4 kids)
a few of us offered to lend him the money untill new year but no he took the loan
so for £80 he has to pay back £300
just can't help some people
None so blind as those who refuse to see.
Old 12 December 2011, 09:10 PM
  #41  
mart360
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I owe 43k in debts ,

I have maxed out 6 credit cards,

Have missed 9 mortgage payments & about 6 on the car

I did worry about how to make ends meet, but them i saw the advert for

drop in the ocean loans....

Its great, theyve taken all my debt worry from me, theyve rolled everything into one easly affordable monthly payment, and now i can sleep at night.


All i have to decide on now, is where do i park the ride on mower, and what colour the new car should be?

And they said if i need any more help, just give them a call,


The mrs and i are just booking an all inclusive to the seashells as we speak

They say that is one of the perks of helpin us out.

They also said that if we have any problems, the govenment has to help us out by offerin one of those console things....

bit like an xbox but kills the credit people


Thank you drop in the ocean loans
Old 12 December 2011, 09:40 PM
  #42  
chocolate_o_brian
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Originally Posted by mart360
I owe 43k in debts ,

I have maxed out 6 credit cards,

Have missed 9 mortgage payments & about 6 on the car

I did worry about how to make ends meet, but them i saw the advert for

drop in the ocean loans....

Its great, theyve taken all my debt worry from me, theyve rolled everything into one easly affordable monthly payment, and now i can sleep at night.


All i have to decide on now, is where do i park the ride on mower, and what colour the new car should be?

And they said if i need any more help, just give them a call,


The mrs and i are just booking an all inclusive to the seashells as we speak

They say that is one of the perks of helpin us out.

They also said that if we have any problems, the govenment has to help us out by offerin one of those console things....

bit like an xbox but kills the credit people


Thank you drop in the ocean loans
Old 12 December 2011, 09:43 PM
  #43  
dpb
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The country needs people like you lol
Old 12 December 2011, 09:49 PM
  #44  
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Its easy to criticise people for doing this but some do it because they have no option, some so as to not disappoint kids, I don't owe anyone, anything as of last week, we ran up three and a bit grand on the overdraft and I just flogged some shares, didn't want to but managed to hit the recent peak and not do too badly and pay it off, shouldn't have had to but appreciate that most people don't have that option but sometimes you have to go back to move forward, no point having an "investment" sat there doing nothing and a debt which is costing more in interest than the investment is making. Funny how the overdraft was actually pretty cheap really, about 30/40 quid a month in interest.
Old 13 December 2011, 12:00 AM
  #45  
Lee247
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I honestly have no idea how they get away with these. It is nothing short of legalised loan sharking. They prey on the vulnerable and are getting away with it.
Saying that, nowt surprises me these days
Old 13 December 2011, 06:54 AM
  #46  
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Unfortuanetly these theifs will be around forever
Old 13 December 2011, 01:27 PM
  #47  
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Although they would be out of business pretty damn quick if people were sensible with their finances.
Old 13 December 2011, 11:09 PM
  #48  
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http://www.bbc.co.uk/news/business-16159514

Seems they are about to get a shock




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