Calis Beach and Fethiye Turkey Discussion Forum
General Topics => All things that have nothing to do with Turkey => Topic started by: Scunner on December 07, 2011, 14:14:28 PM
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It is reported that up to 3.5 million people in the UK will take a "fast and easy" payday loan in the next 6 months, many to try to help get through the Christmas period this year - but such loans can end up being anything but easy. One 'quick' £300 loan with Wonga is now a £720 debt...
http://news.bbc.co.uk/today/hi/today/newsid_9656000/9656968.stm
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Discussed in some depth on the Jeremy Vine show today, points for and against these loans, the outcome appeared to be just like anything else, if used wisely for what they are designed for i.e., small amounts over very short periods of time, they seemed to work for some people, others who didn't pay back in time entered a World of obscenely high interest rates (often in the thousands of %).
These companies do seem to be cashing in on people's financial misfortunes caused by the current economical downturn. :(
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It's very sad that this country is going back to the HP era. I'm talking about the ads on the encouraging you to kit out your house and pay it all on HP.
It also makes me very cross to see all the ads to join bingo sites (as fun! a very unsociable past time!)make a claim because of your own stupidity/carelessness, betting sites etc etc
And, of course, a number of people will plump for these quick loans as a way out. Doesn't it occur to them that the money STILL has to be paid back, if you can't afford the money at the time how will you afford it later?:-\
I, and a number of us I expect, was brought up with 'if you can't afford it don't have it'