Payday Uk Loans

[crown]

http://www.paydayuk.co.uk/

APR only 1355%

Gordon Brown's economic mismanagement has brought us Zimbabwe style products.

[Butthead]

How very very sad

[Guest happy?]

http://www.paydayuk.co.uk/

APR only 1355%

Gordon Brown's economic mismanagement has brought us Zimbabwe style products.

All the way from the US I'm afraid - http://www.payday.com/

[Chubby Checker]

http://www.paydayuk.co.uk/

APR only 1355%

Gordon Brown's economic mismanagement has brought us Zimbabwe style products.

Unbelievable this isnt it. I saw it on Quidco (they are giving up to £70 when you sign up for a new loan)... couldnt believe it, again only the MOST desparate would need to get such a thing, at least its honest about the APR, quite upfront.

[Flatdog]

If you saw this type of loan being advertised whilst spending time in a third world country it would be cause for a few wry chuckles back at the hotel….but this is England FFS.

[eightiesgirly]

The really sad thing is there is obviously a demand for these things. Poor people getting poorer.

[frozen_out]

complete non-story. It's the short term nature of the loan that makes the APR appear so high.

If I lend you £10 and ask for £11 back after one month that's a loan with an eye watering APR of about 215%. Really though it's a pretty cheap loan.

[Guest happy?]

complete non-story. It's the short term nature of the loan that makes the APR appear so high.

If I lend you £10 and ask for £11 back after one month that's a loan with an eye watering APR of about 215%. Really though it's a pretty cheap loan.

Not if it's next month's fuel bill.

[eightiesgirly]

complete non-story. It's the short term nature of the loan that makes the APR appear so high.

If I lend you £10 and ask for £11 back after one month that's a loan with an eye watering APR of about 215%. Really though it's a pretty cheap loan.

I get your point but I find it very sad that someone can't get from one paycheck to another without borrowing.

[Flatdog]

The really sad thing is there is obviously a demand for these things. Poor people getting poorer.

It is worse than that, poor people having to borrow money to become even poorer…the really sad thing is that many people really just cannot afford to live here anymore.

[frozen_out]

It is worse than that, poor people having to borrow money to become even poorer…the really sad thing is that many people really just cannot afford to live here anymore.

There are no poor people in the UK, only people who mismanage and fritter away what they do have.

[Guest happy?]

There are no poor people in the UK, only people who mismanage and fritter away what they do have.

Halfwit.

[frozen_out]

Halfwit.

How so?

[Flatdog]

There are no poor people in the UK, only people who mismanage and fritter away what they do have.

Unless this post is designed to stimulate a more productive debate then I have to say that for a HPC Veteran to respond in such a way really surprises me.

[frozen_out]

Unless this post is designed to stimulate a more productive debate then I have to say that for a HPC Veteran to respond in such a way really surprises me.

You see I thought it would be the opposite. I can honestly say i don't know any poor people. I know folks who live in social housing and have low paid jobs, and in many cases no job. None of them are without food, shelter and more importantly for them it would seem, phone, TV, tobacco or alcohol.

How are we defining poverty here?

Edited July 7, 2008 by frozen_out

[blankster]

What do they do if you don't pay?

[frozen_out]

What do they do if you don't pay?

I think these things are usually a post dated cheque. You give them a cheque for £125 post-dated for 30 days. They give you £100 cash. The cheque will be guaranteed by a 3rd party (someone like transax) who will give them the money if you don't pay up and chase you for the debt themselves.

Edited July 7, 2008 by frozen_out

[Flatdog]

You see I thought it would be the opposite. I can honestly say i don't know any poor people. I know folks who live in social housing and have low paid jobs, and in many cases no job. None of them are without food, shelter and more importantly for them it would seem, phone, TV, tobacco or alcohol.

How are we defining poverty here?

Poverty was not the topic of discussion and therefore need not be defined here.

Of concern was that poor people are borrowing money to pay bills.

Define 'poor' people.

[cockrobin]

There are no poor people in the UK, only people who mismanage and fritter away what they do have.

Frittering away what they have on keeping their house warm, paying their water bill, their electric bill and wasting money on food to eat!??!!!

[frozen_out]

Poverty was not the topic of discussion and therefore need not be defined here.

Of concern was that poor people are borrowing money to pay bills.

Define 'poor' people.

Is there a difference between 'poor' and 'poverty'

Sure, 'poor' people may be borrowing money to pay bills. I would argue if they prioritised they may not need to. How many people poor people do you know who go without mobile phone, landline, alcohol, tobbaco, fast food, processed food etc. etc.

If they're frugal and still have to borrow I have a degree of sympathy, although only a modicum of sympathy as many people are poor through bad decisions. If they aren't frugal and borrow to meet everyday costs then I have no sympathy whatsoever.

With my background I've had a *lot* of contact with all kinds of poor people. Many (though not all) aren't victims and don't need the status of victimhood, nor do they need or request sympathy. In fact I'd go as far as to say many of them revel in their 'poor' status as it allows them to absolve themselves of responsibility for some of their actions.

[cockrobin]

I know of a number of OAP's that don't have mobile phones, LCD TV's or cars that only just have enough cash for bare essentials after the fuel bills have been paid. Thats poor!

[Flatdog]

Is there a difference between 'poor' and 'poverty'

Sure, 'poor' people may be borrowing money to pay bills. I would argue if they prioritised they may not need to. How many people poor people do you know who go without mobile phone, landline, alcohol, tobbaco, fast food, processed food etc. etc.

If they're frugal and still have to borrow I have a degree of sympathy, although only a modicum of sympathy as many people are poor through bad decisions. If they aren't frugal and borrow to meet everyday costs then I have no sympathy whatsoever.

With my background I've had a *lot* of contact with all kinds of poor people. Many (though not all) aren't victims and don't need the status of victimhood, nor do they need or request sympathy. In fact I'd go as far as to say many of them revel in their 'poor' status as it allows them to absolve themselves of responsibility for some of their actions.

Thing is that people can be frugal and yet still need to borrow money to meet everyday costs, that is why we are all in this huge mess….it has nothing to do with poverty.

[Guest sillybear2]

Nobody is badly off in the UK by global standards, even the 'poor' have enough to clothe themselves, (more than enough) to eat and a roof over their heads, not to mention everyone flushes the toilet with safer water than many have to drink.

[frozen_out]

Thing is that people can be frugal and yet still need to borrow money to meet everyday costs, that is why we are all in this huge mess….it has nothing to do with poverty.

errrrmmm.... No.

I do not know of one frugal person who borrows to meet everyday costs. Do you know the equivalent wage you need to earn to take home as much money as a single mother in social housing working 16 hours a week?

And who exactly is the "we're" as in 'we're all in a huge mess'. I'm not. I lived within my means (incredibly meagre means at times) over the last 7 years and am now absolutely fine.