Results 1 to 13 of 13
Thread: Short term credit/payday lenders
-
8th June 2011 #1
- Join Date
- Aug 2008
- Location
- Berkshire
- Posts
- 18,267
- Rep Power
- 0
Short term credit/payday lenders
These outfits seem to be multiplying. Theres wonga.com that sponsor Blackpool FC, untold adverts on the TV and at the Morden Fiesta a company called Kabayan Finance was leafleting.
Seems like legalised robbery.
-
8th June 2011 #2
I guess a few hundred % interest?! Am surprise the government allow them as it only ends up causing more misery for people who are already short of money!
-
8th June 2011 #3
- Join Date
- Aug 2010
- Location
- Marikina City
- Posts
- 26,785
- Rep Power
- 150
Straight from the wonga website:-
Representative Example
Amount of Credit £207 for 20 days
Total Amount Payable £254.42
Interest £41.92
Interest Rate 360% pa (fixed)
Transmission Fee £5.50
Representative APR 4214%
-
8th June 2011 #4
- Join Date
- Aug 2008
- Location
- Berkshire
- Posts
- 18,267
- Rep Power
- 0
-
8th June 2011 #5
- Join Date
- Jul 2005
- Location
- Pangasinan
- Posts
- 25,597
- Rep Power
- 150
It IS legalised robbery...and likely with menaces too.
Another robbing bandwagon feeding yet more parasites and leeches, as with the compensation robbers etc.
Ultimately it comes out of our taxes.
-
8th June 2011 #6
i bet there making a killing these days, its a pity people cant managed there finances better,
-
8th June 2011 #7
Its a good job they dont advertise this in Pinas,they would be snowed-under with people applying for the utang
Sometimes you're flush and sometimes you're bust, and when you're up, it's never as good as it seems, and when you're down, you never think you'll be up again. But life goes on.
The beauty of a woman is not in the clothes she wears, the figure that she carries, or the way she combs her hair. The beauty of a woman is seen in her eyes, because that is the doorway to her heart, the place where love resides. True beauty in a woman is reflected in her soul. It's the passion that she shows to the outside world.
-
8th June 2011 #8
- Join Date
- Jul 2005
- Location
- Pangasinan
- Posts
- 25,597
- Rep Power
- 150
The 5/6 is mainly run by the Indians in the Phils, isn't it ?
My (English) friend and his wife...well mainly his wife used to run such a business, along with an internet cafe, along with computer repairs, along with a rice store, along with duck and chicken raising, along with a movie-casting business... in fact anything to make some pesos.
-
9th June 2011 #9
Bookmakers are legal robbery, insurance is legalised robbery, banking is legalised robbery, etc, etc, they all need to make a profit. Companies like Wonga, and them specifically make it clear from the outset what the charges are, and it is up to the individual whether they agree to the terms or not. They supply are service for certain people as do the companies I mentioned earlier.
A friend went overdrawn with the bank by 3p and got charged £30, a 1000% interest for 1 dayKeith Driscoll - Administrator
Managing Director, Win2Win Limited
-
9th June 2011 #10
Agree people should manage their finances better I think there is a limit to the amount you can borrow of £300?
Nevertheless its disgusting the interest they charge!
Tone
-
9th June 2011 #11
- Join Date
- Aug 2008
- Location
- Berkshire
- Posts
- 18,267
- Rep Power
- 0
Mr Kabayan Finance offers "up to £800 today"
http://www.kabayanfinance.co.uk/html/WhatYouThink.aspx
on the "What you think" Page there's only the one entry
Here are just a few comments from our customers…
Great site, helpful staff and very good value for money.....
Rob from Reading (May 2011)
-
9th June 2011 #12
- Join Date
- Jul 2005
- Location
- Pangasinan
- Posts
- 25,597
- Rep Power
- 150
-
9th June 2011 #13
- Join Date
- Aug 2008
- Location
- Berkshire
- Posts
- 18,267
- Rep Power
- 0
Thread Information
Users Browsing this Thread
There are currently 1 users browsing this thread. (0 members and 1 guests)
Similar Threads
-
government's move to put a cap on payday loan company lending.
By joebloggs in forum News UKReplies: 55Last Post: 30th November 2013, 21:43 -
Working tax credit and child tax credit award advise needed to make sure it's ok
By patrickm1978 in forum Help & AdviceReplies: 1Last Post: 26th April 2013, 13:49 -
BIA website "Firm but fair new rules for short-term visitors to the UK"
By Andy in forum Legal InformationReplies: 1Last Post: 25th June 2008, 13:11 -
A short short tail
By reimori in forum HumourReplies: 1Last Post: 27th June 2007, 10:20