Keith Sansum1
- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
The latest news on the above is that a lot of these companies have been to be seen to act irresponsible in its actions,
On the other side of this the credit union is not allowed allowed to charge more than 43% interest
where as the pad day lenders charge up to 5,000 %
One of these being Wonga, who just happen to be a donor to the Conservative party
any connection as to why progress is slow to address this?
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howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
keith
should the cobbled together coalition carry out their benefit reforms in full i would strongly advise you to invest any spare cash you have in wonga.
in a couple of years you would have a nice little nest egg.
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
they donate to the tories howard
I would never support Wonga or the tories
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Guest 696- Registered: 31 Mar 2010
- Posts: 8,115
Keith, money lenders pay tax to the Treasury, so the more money they make, the more intake for the Treasury, courtesy Osborne.
Guest 715- Registered: 9 Jun 2011
- Posts: 2,438
The change from being able to claim benefits from 3 days of being unemployed to 7 could see more people being tempted by Wonga and the likes.
Audere est facere.
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
Think people have missed my point;
2 million people use these money lenders, which will be a bigger problem as highlighted by Martin and others.
but Wonga donates to the Consrvative party, and that's probably why this cobbled together lot are dragging there feet.
not only that, better lenders such as CREDIT UNIONS are forced to only charge up to 43% interest and rightly so, but these others are allowed to charge whatever they like, some up to 5,000%
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Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
from another thread.......
Wonga chief is big tory donor...............
Courtesy Independent
The Wonga coup: Chancellor George Osborne's 'gift to the payday lenders' in Government
Spending Review
Chancellor unveiled unexpected £365m package of further welfare cuts
George Osborne was accused of driving the jobless into the arms of foodbanks and payday
lenders tonight after announcing that the unemployed would have to wait seven days before
claiming benefits.
In his government-wide spending review, the Chancellor unveiled an unexpected £365m
package of further cuts in welfare. Under a "work first" policy, the jobless will have to sign on
every week instead of fortnightly; look for work from the start of their claim and learn English
or face losing benefits if poor language skills are a barrier to work. Single parents will have to
prepare for work when their youngest child is three so they can get a job when the child is five. -
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
Well the latest commission set up to sort this mess out should be given a free hand to do so
but as Wonga donates to the Govt(well its lead party) I suspect they wont be given that free hand
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Guest 714- Registered: 14 Apr 2011
- Posts: 2,594
Just don't borrow from Wonga, all problems solved
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
many people do not have an option david, it is easy to for us to criticise but some cannot budget on a meagre income.
Guest 714- Registered: 14 Apr 2011
- Posts: 2,594
Howard, I said don't borrow from Wonga.
When you say they don't have an option do you honestly believe that borrowing at that rate solves the problem?
Guest 745- Registered: 27 Mar 2012
- Posts: 3,370
I keep trying find one that will lend my 10'000000 so I can do one .
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
Well said howard
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Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
# 10 ...nice try Howard.......afraid it`s going straight over David`s head.............
# 11.....there are millions ``living close to the edge``something many of us have never had to do....
.try putting yourself in that position ..........not holding breath.......
.you will most probably carry on with ill-informed statements.......takes all sorts .....
Guest 714- Registered: 14 Apr 2011
- Posts: 2,594
Reg, you know absolutely nothing about me so spare the patronising thanks.
It is simple, if you don't agree with Wonga's principles or terms don't use them, you'll always find a friendly neighbourhood loan shark that will be sympathetic when you can't pay him back.
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
Thankfully david we don't want to know.
for many david life is not that simple
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Guest 714- Registered: 14 Apr 2011
- Posts: 2,594
Who said life is simple Keith?
The vast majority of people in this country are in debt, all for various reasons. Wonga is a legal, legitimate business that advertises on national TV, if you don't like them don't use them. If you want to use them read the Ts & Cs.
Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
# 15......a flippant hopeless case...........keep the blinkers on old boy..........
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
David
personal abuse
loses the argument
have a nice day boyo
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Guest 714- Registered: 14 Apr 2011
- Posts: 2,594
That the best you can do Reg?
Think about it Reg, you have a wonderful and socially acceptable business opportunity here, lending money to people with poor credit ratings at low rates. Everyones a winner
Between you and Keith how many years have you spent as councillors?