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Payday loan companies

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On 25/10/2019 at 18:31, Gaz said:

If you have a government-backed scheme, that pushes the cost onto all of us.

By accepting a society where the odds are so stacked against those at the bottom, it's only right that those further up shoulder some of the cost of getting them out of the big slippery pit they are left at the bottom of.

I'd be fine paying towards that.

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3 hours ago, DA Baracus said:

This is the type of shit texts I get sent daily, despite unsubscribing from and opting out to hundreds of such pis:

6.thumb.jpg.1be258d17f44bca0082a8782165ec922.jpg     5.thumb.jpg.5ebcd7d41bba63c58e50d8d279a24a87.jpg

Anna might be a wid, go for it.

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This is the type of shit texts I get sent daily, despite unsubscribing from and opting out to hundreds of such pis:
6.thumb.jpg.1be258d17f44bca0082a8782165ec922.jpg     5.thumb.jpg.5ebcd7d41bba63c58e50d8d279a24a87.jpg


Hi Anna,

Send nudes.

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52 minutes ago, Cerberus said:

 


Hi Anna,

Send nudes.

 

Mon tae f**k. Anna hears that shit every day.  Need to stand out. 

 

I suggest 

 

giphy-3.gif

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On 25/10/2019 at 02:54, smpar said:

And then the next week you owe two thousand pounds, and then the next week you owe three thousand pounds.

That's plenty Jack.

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On 27/10/2019 at 13:52, DA Baracus said:

I've had more than 1 so I can probably rule out ever getting a mortgage.

Nah your credit file can always recover, it just takes time. Defaults will hang around for 6 years but everything else will drop off after a while as your circumstances improve. 

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On 25/10/2019 at 11:26, Jacksgranda said:

 

Which would you prefer?

The taxpayers paid for the bank bail out whenever they said "f**k it, we ain't paying it".

And the banks went tits up because the lent to people who thought "f**k it, I won't pay".

So your "what would you prefer" question needs an option. The problem with banks lending or credit unions lending boils down to the same issue - people defaulting on loans they know full well they can't afford to repay but taking the money anyway.

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On 21/11/2019 at 20:42, oaksoft said:

And the banks went tits up because the lent to people who thought "f**k it, I won't pay".

So your "what would you prefer" question needs an option. The problem with banks lending or credit unions lending boils down to the same issue - people defaulting on loans they know full well they can't afford to repay but taking the money anyway.

yeah, that's the greatest paradox - people are taking money even when they realize that it's impossible to pay off the loan...

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1 hour ago, goliaph said:

Taking a loan it's a responsible activity. I think it is very important to choose a trustworthy loan company and to pay attention to all the details before signing the contract.

Have you got any links that we could click?

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On 21/11/2019 at 18:42, oaksoft said:

And the banks went tits up because the lent to people who thought "f**k it, I won't pay".

So your "what would you prefer" question needs an option. The problem with banks lending or credit unions lending boils down to the same issue - people defaulting on loans they know full well they can't afford to repay but taking the money anyway.

Not quite , banks pushed money on folks who could never pay , ok default , get the property , but the problems really began when the banks started selling parcels of this “never going to happen” debt to each other at inflated prices , and actually created a market where they were making profit from  it . 
 

THEN they went , we are not paying that , we’ve already made a fat profit , it’s your turn to front up 

 

 

 

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1 hour ago, bishopburn boy said:

Not quite , banks pushed money on folks who could never pay , ok default , get the property , but the problems really began when the banks started selling parcels of this “never going to happen” debt to each other at inflated prices , and actually created a market where they were making profit from  it . 
 

THEN they went , we are not paying that , we’ve already made a fat profit , it’s your turn to front up 

 

 

 

Huge part of the problem is how staff/teams are incentivised to lend money. Commission, bonuses, prizes etc.

I used to work for a very large Hong Kong-based bank and remember well the encouragement to get folk signed up.

The people selling the stuff at the customer face give not a flying f**k about the bank's risk or the customer's ability to pay. They care about commission and bonuses. 

Salesperson has good stats and gets financial reward. His or her team leader looks good. Team leader's manager looks good. It's in nobody's interest to sell sensibly.

As long as that's the case, bad loans will be an everyday occurrence.

Edited by JTS98

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3 hours ago, bishopburn boy said:

Not quite , banks pushed money on folks who could never pay , ok default , get the property , but the problems really began when the banks started selling parcels of this “never going to happen” debt to each other at inflated prices , and actually created a market where they were making profit from  it . 
 

THEN they went , we are not paying that , we’ve already made a fat profit , it’s your turn to front up 

 

 

 

It depends on your level of spin.

You can either say that people wolingly and knowingly took on loans they knew they couldn't pay back or you can say the banks forced money on people who had absolutely zero ability to think for themselves.

I prefer the former.

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1 hour ago, oaksoft said:

It depends on your level of spin.

You can either say that people wolingly and knowingly took on loans they knew they couldn't pay back or you can say the banks forced money on people who had absolutely zero ability to think for themselves.

I prefer the former.

I was about to reply, "you sound like the Oaksoft of the financial world".

Then I noticed it was Oaksoft.

You poor, lonely bore.

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Take all the money you can get and bump them. 

f**k 'um. 

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Take all the money you can get and bump them. 
f**k 'um. 
^^^^ rangers

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