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No doubt, Barry, no-one would ask for a payday loan if they could avoid it. One may assume that millions of people in Britain are so desperate that they feel they have to go for such a loan, having no other alternative.
It's legalised extortion, and it seems that the banks are not lending money that easily, so-by pushing people into the jaws of the loan-sharks.
The interest rate on a £100 30 day loan would be 50p a month if the interest rate were based on annual inflation.
That would be about right.
To charge £38 is taking advantage of people's despair in a shameless manner.
But you missed my point again. This kind of legalised extortion has dramatically increased over the past year by 300%. The alarm bells should be ringing.
The Government's economic policies are alright for tin soldiers on a showroom battlefield, not for a human society!
They are leading the Country down the drain. Can't see Dave and Osborne and those other jokers at the top lasting long before they are asked politely to step down before people have had enough.
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