There might be a difference, Howard, going by semantics, but I tend to define payday loaners as loan sharks.
It depends what an individual defines as a "loan shark".
My point in the previous posts is, money lenders who abide to current British law and lend at what I define as extortionate interest rates, also declare their profits and pay tax accordingly.
Britain's permissive laws on money lending with no acceptable cap on interest, is legalised extortion.
Something our Country ought to be ashamed of.
The legal interest rates of payday loans are absurd, it's a racket, and the Treasury of HM cashes in on it.
There are many people, including myself, who also call top banker bonuses "theft",
Even Wikipedia makes a point of it.
I've been trying to make sense of Barry's thread with it's opening post, to give it some substance, it's money's worth of opinion
Oh I wish the Chancellor were looking in!
