Pay day loans

[Uncle Mort]

They always could sell their TV if they're a bit short 

[Barman]

They always could sell their TV if they're a bit short 

 

[Baldy]

It happens every day.

A bloke runs out of munny in the pub and asks his mate to buy him one more beer.

"I will give you the munny tommora like". (Not Apey  .... he just takes another beer.  )

Next day "Here is the munny for the beer you bought me yesterday, Oh I will buy you a pint for sorting me out  "

Work out the APR on that transaction.... less than 24 hours and paying double. 

Steve will be able to come up with the figures. 

[Barman]

It happens every day.

A bloke runs out of munny in the pub and asks his mate to buy him one more beer.

"I will give you the munny tommora like". (Not Apey  .... he just takes another beer.  )

Next day "Here is the munny for the beer you bought me yesterday, Oh I will buy you a pint for sorting me out  "

Work out the APR on that transaction.... less than 24 hours and paying double. 

Steve will be able to come up with the figures. 

 

[Steve]

It happens every day.

A bloke runs out of munny in the pub and asks his mate to buy him one more beer.

"I will give you the munny tommora like". (Not Apey  .... he just takes another beer.  )

Next day "Here is the munny for the beer you bought me yesterday, Oh I will buy you a pint for sorting me out  "

Work out the APR on that transaction.... less than 24 hours and paying double. 

Steve will be able to come up with the figures. 

That'd be an APR of 5% by volume

Oh and what BM and Uncle said ^ seconded.

[Barman]

It happens every day.

A bloke runs out of munny in the pub and asks his mate to buy him one more beer.

"I will give you the munny tommora like". (Not Apey  .... he just takes another beer.  )

Next day "Here is the munny for the beer you bought me yesterday, Oh I will buy you a pint for sorting me out  "

Work out the APR on that transaction.... less than 24 hours and paying double. 

Steve will be able to come up with the figures. 

That'd be an APR of 5% by volume

Oh and what BM and Uncle said ^ seconded.

[GROWLER]

Sorry. Can't /won't agree with any of you.
All this crap about, uh well, "it'll just go underground then, doh" 

It's already there ffs!

I'm just talking about firstly eradicating all these legalised sharks, and once that's done, there'll be more time and resources to sweep the rest of the thieving bastards into the sea too.

[Barman]

Sorry. Can't /won't agree with any of you.
All this crap about, uh well, "it'll just go underground then, doh" 

It's already there ffs!

I'm just talking about firstly eradicating all these legalised sharks, and once that's done, there'll be more time and resources to sweep the rest of the thieving bastards into the sea too.

But that is like banning fags and expecting everybody to stop smoking...

... or banning booze and expecting everybody to stop drinking.... not that they would ever try that.... 

[GROWLER]

Sorry. Can't /won't agree with any of you.
All this crap about, uh well, "it'll just go underground then, doh" 

It's already there ffs!

I'm just talking about firstly eradicating all these legalised sharks, and once that's done, there'll be more time and resources to sweep the rest of the thieving bastards into the sea too.

But that is like banning fags and expecting everybody to stop smoking...

... or banning booze and expecting everybody to stop drinking.... not that they would ever try that.... 

Bit different that BM.

Those two items are a choice, pay day loans are quite often taken out due to pure ignorance.

[Barman]

Sorry. Can't /won't agree with any of you.
All this crap about, uh well, "it'll just go underground then, doh" 

It's already there ffs!

I'm just talking about firstly eradicating all these legalised sharks, and once that's done, there'll be more time and resources to sweep the rest of the thieving bastards into the sea too.

But that is like banning fags and expecting everybody to stop smoking...

... or banning booze and expecting everybody to stop drinking.... not that they would ever try that.... 

Bit different that BM.

Those two items are a choice, pay day loans are quite often taken out due to pure ignorance.

It is exactly the same!

Are you suggesting that banning 'pay day loans' would in some way educate the ignorant...?

If you removed all temptation they would somehow manage to balance their budget...?

Prohibitionists believed that if they banned booze everybody would simply start drinking lemonade (or ginger beer)... We know how that turned out - the rise of organised crime and thousands killed....

[Just One More]

Wonga only charge 4000% 

Time the gubbermunt munters stepped in and banned the lot of them inho.

The last freaking thing we need is more gubberment! 

On this occassion, I would make an exception tbh.
I feel like shuving me boot RIGHT through my anna log  screen, every time I see those two owld vile hags on the wonga ad. that their fleeced customers are paying for. 

I blame John Humphries

[GROWLER]

Sorry. Can't /won't agree with any of you.
All this crap about, uh well, "it'll just go underground then, doh" 

It's already there ffs!

I'm just talking about firstly eradicating all these legalised sharks, and once that's done, there'll be more time and resources to sweep the rest of the thieving bastards into the sea too.

But that is like banning fags and expecting everybody to stop smoking...

... or banning booze and expecting everybody to stop drinking.... not that they would ever try that.... 

Bit different that BM.

Those two items are a choice, pay day loans are quite often taken out due to pure ignorance.

It is exactly the same!

Are you suggesting that banning 'pay day loans' would in some way educate the ignorant...?

If you removed all temptation they would somehow manage to balance their budget...?

Prohibitionists believed that if they banned booze everybody would simply start drinking lemonade (or ginger beer)... We know how that turned out - the rise of organised crime and thousands killed....

Probably not, no, but the whole industry should be taken over and properly regulated with full interviews (not this 'decision and money in your bank within 5 minutes" crap) with proper and reasonable intrest rates, not this apr of 2000% and such.
It's  an absolute shambles.
It's currently just a free for all to prey on the ...not even just the ignorant, but the desperate too...

[Nick]

Sorry. Can't /won't agree with any of you.
All this crap about, uh well, "it'll just go underground then, doh" 

It's already there ffs!

I'm just talking about firstly eradicating all these legalised sharks, and once that's done, there'll be more time and resources to sweep the rest of the thieving bastards into the sea too.

But that is like banning fags and expecting everybody to stop smoking...

... or banning booze and expecting everybody to stop drinking.... not that they would ever try that.... 

Bit different that BM.

Those two items are a choice, pay day loans are quite often taken out due to pure ignorance.

It is exactly the same!

Are you suggesting that banning 'pay day loans' would in some way educate the ignorant...?

If you removed all temptation they would somehow manage to balance their budget...?

Prohibitionists believed that if they banned booze everybody would simply start drinking lemonade (or ginger beer)... We know how that turned out - the rise of my home brew and thousands killed....

 

[Barman]

Sorry. Can't /won't agree with any of you.
All this crap about, uh well, "it'll just go underground then, doh" 

It's already there ffs!

I'm just talking about firstly eradicating all these legalised sharks, and once that's done, there'll be more time and resources to sweep the rest of the thieving bastards into the sea too.

But that is like banning fags and expecting everybody to stop smoking...

... or banning booze and expecting everybody to stop drinking.... not that they would ever try that.... 

Bit different that BM.

Those two items are a choice, pay day loans are quite often taken out due to pure ignorance.

It is exactly the same!

Are you suggesting that banning 'pay day loans' would in some way educate the ignorant...?

If you removed all temptation they would somehow manage to balance their budget...?

Prohibitionists believed that if they banned booze everybody would simply start drinking lemonade (or ginger beer)... We know how that turned out - the rise of organised crime and thousands killed....

Probably not, no, but the whole industry should be taken over and properly regulated with full interviews (not this 'decision and money in your bank within 5 minutes" crap) with proper and reasonable intrest rates, not this apr of 2000% and such.
It's  an absolute shambles.
It's currently just a free for all to prey on the ...not even just the ignorant, but the desperate too...

 

[GROWLER]

So you think everything within the industry is just fine and dandy then I assume?