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jeesus wept, ive just had an offer of £500 in my post from Provident personal credit.

 

where the fuck they got my number from, and think im short of cash is a fking mystery like.

 

Interest rate.............272.2%APR :kasper: :kasper:

 

 

err,,.... FUCK OFF

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That's fucking loan shark territory, companies should be shut down if they try and charge rates like that. Make a complaint to the FSA.

 

:lol: Check you out being all indignant on behalf of all the "poor people".

 

"Make a complaint to the FSA"? Aye, go on then...love to see where that gets you.

 

Agree that it's a high interest rate and the Provvy is a rip-off, the same as Bright House, Cash Convertors, Cheque Centre etc...but they are all entirely legal.

 

They're nowhere near being in "loan shark territory". They're High Street operations, for fuck's sake. :lol:

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That's fucking loan shark territory, companies should be shut down if they try and charge rates like that. Make a complaint to the FSA.

 

:lol: Check you out being all indignant on behalf of all the "poor people".

 

"Make a complaint to the FSA"? Aye, go on then...love to see where that gets you.

 

Agree that it's a high interest rate and the Provvy is a rip-off, the same as Bright House, Cash Convertors, Cheque Centre etc...but they are all entirely legal.

 

They're nowhere near being in "loan shark territory". They're High Street operations, for fuck's sake. :lol:

 

The only difference is that they have a shop on the high street, or rather some faceless call centre somewhere, they still steal all your stuff if you don't pay. Weren't they going to crack down on shit like this, sure I remember reading about it recently.

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That's f***ing loan shark territory, companies should be shut down if they try and charge rates like that. Make a complaint to the FSA.

 

:lol: Check you out being all indignant on behalf of all the "poor people".

 

"Make a complaint to the FSA"? Aye, go on then...love to see where that gets you.

 

Agree that it's a high interest rate and the Provvy is a rip-off, the same as Bright House, Cash Convertors, Cheque Centre etc...but they are all entirely legal.

 

They're nowhere near being in "loan shark territory". They're High Street operations, for f***'s sake. :lol:

 

Isn't that the point? 

 

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The Housing Assoc I work for offers loans admitingly they are in or over the 20apr% mark. Speaking to fella who does this job he has a Bright House catalogue with him to highlight how much people will pay & what they are getting. He then shows them what they could buy at Tescos or another supermarket which is brand name product, cheaper price & the loan he offers saves the 100's.

 

I remember when we were told about this sort of thing starting & all the mega socialists were against it while the company propaganda view was these people cant get a loan cheaper anywhere else.

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That's f***ing loan shark territory, companies should be shut down if they try and charge rates like that. Make a complaint to the FSA.

 

:lol: Check you out being all indignant on behalf of all the "poor people".

 

"Make a complaint to the FSA"? Aye, go on then...love to see where that gets you.

 

Agree that it's a high interest rate and the Provvy is a rip-off, the same as Bright House, Cash Convertors, Cheque Centre etc...but they are all entirely legal.

 

They're nowhere near being in "loan shark territory". They're High Street operations, for f***'s sake. :lol:

 

Isn't that the point? 

 

 

You'll have to explain yourself better than that to get a response from me. Isn't "what" the point? ???

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The Housing Assoc I work for offers loans admitingly they are in or over the 20apr% mark. Speaking to fella who does this job he has a Bright House catalogue with him to highlight how much people will pay & what they are getting. He then shows them what they could buy at Tescos or another supermarket which is brand name product, cheaper price & the loan he offers saves the 100's.

 

I remember when we were told about this sort of thing starting & all the mega socialists were against it while the company propaganda view was these people cant get a loan cheaper anywhere else.

 

Ah but those Mega-Socialists know fuck all about the real world. Bunch of tossers the lot of them.

 

Good to hear your housing association is doing stuff to give the "unbanked" a chance to get affordable credit from a reputable source. I wish the Post Office could be converted into a national People's Bank or Credit Union, run on a cooperative basis. Would make sense, tbh.

 

Blunt truth is you're never going to get lending rates down for the client group that is most likely to turn to the likes of the Provvy, the loan default rates and lending risk levels are just too high - but that said, more does need to be done to tackle the scourge of illegal money lending across the UK. If we could rid the streets of our estates of illegal doorstep lending, and replace it with universal easy access to affordable credit (such as provided via housing associations) that would be to everyone's benefit.

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That's f***ing loan shark territory, companies should be shut down if they try and charge rates like that. Make a complaint to the FSA.

 

:lol: Check you out being all indignant on behalf of all the "poor people".

 

"Make a complaint to the FSA"? Aye, go on then...love to see where that gets you.

 

Agree that it's a high interest rate and the Provvy is a rip-off, the same as Bright House, Cash Convertors, Cheque Centre etc...but they are all entirely legal.

 

They're nowhere near being in "loan shark territory". They're High Street operations, for f***'s sake. :lol:

 

Isn't that the point? 

 

 

You'll have to explain yourself better than that to get a response from me. Isn't "what" the point? ???

 

The fact that they are high street operators charging loan shark rates of interest.  I assumed that was the point of the post.  I might have misunderstood - you are arguing that despite the unreasonable level of interest, they are still reputable?  Because they won't break your legs if you can't pay?

 

I'm not that informed about the situation in the UK, but over here we have a similar sort of pay day lenders and semi-reputable lending agencies that will sell their defaulted accounts to collection agencies that are the worst kind of scum. 

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That's f***ing loan shark territory, companies should be shut down if they try and charge rates like that. Make a complaint to the FSA.

 

:lol: Check you out being all indignant on behalf of all the "poor people".

 

"Make a complaint to the FSA"? Aye, go on then...love to see where that gets you.

 

Agree that it's a high interest rate and the Provvy is a rip-off, the same as Bright House, Cash Convertors, Cheque Centre etc...but they are all entirely legal.

 

They're nowhere near being in "loan shark territory". They're High Street operations, for f***'s sake. :lol:

 

Isn't that the point? 

 

 

You'll have to explain yourself better than that to get a response from me. Isn't "what" the point? ???

 

The fact that they are high street operators charging loan shark rates of interest.  I assumed that was the point of the post.  I might have misunderstood - you are arguing that despite the unreasonable level of interest, they are still reputable?  Because they won't break your legs if you can't pay?

 

I'm not that informed about the situation in the UK, but over here we have a similar sort of pay day lenders and semi-reputable lending agencies that will sell their defaulted accounts to collection agencies that are the worst kind of scum. 

 

Their levels of interest are extortionate, yes. But they're still not anywhere near as bad as proper illegal money lenders (aka Loan Sharks). Sorry to be pedantic about it, but loan sharks charges are in a whole different ball park from High Street lenders. I'm not arguing they are reputable - fuck no - I detest the bastards and see their presence on the high street as a sad indictment of the state of our society. But the fact remains they're legal. I've not heard too many instances of them "sending the boys round" - I'll admit ignorance on that much.

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jeesus wept, ive just had an offer of £500 in my post from Provident personal credit.

 

where the fuck they got my number from, and think im short of cash is a fking mystery like.

 

Interest rate.............272.2%APR :kasper: :kasper:

 

 

err,,.... FUCK OFF

 

How much would be paid back on that rate?

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jeesus wept, ive just had an offer of £500 in my post from Provident personal credit.

 

where the fuck they got my number from, and think im short of cash is a fking mystery like.

 

Interest rate.............272.2%APR :kasper: :kasper:

 

 

err,,.... FUCK OFF

 

How much would be paid back on that rate?

 

 

thats wher the bastards got really clever, cos at the top in big letters it offered £500, but in the example further down, it changed to £300, paying back about £590.

you can begin to see how a divvy would be misled.

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Guest lankybellwipe

I refer to these agencies as 'Turpintime'

 

More fool the idiots who consider the moment, and not the future!

 

I consider credit cards to be not a far cry from the provvy and that! Never touched 'em, never will  :pow:

 

 

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Guest toonlass

Why does anyone need a credit card?

 

Never seen the point at all.

 

Greedy people who want things that they can't afford at the time, mainly.

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Why does anyone need a credit card?

 

Never seen the point at all.

 

Greedy people who want things that they can't afford at the time, mainly.

 

That's pretty judgemental and generalistic.  They're handy for when you run out of money at the end of the month.  I used one when I when I was a student and still sometimes have to use one now.  You can say what you want about living within your means but it's pretty impossible when you're on a crap wage in an expensive area.  I'll have to sort it all out in a few years when I get paid more money.

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Why does anyone need a credit card?

 

Never seen the point at all.

 

Greedy people who want things that they can't afford at the time, mainly.

 

Did you pay for your house in cash like?

 

They're simply a tool for people to manage their finances and as with every tool some people know how to use them and some don't. To make a moral judgement on everyone who has a credit card based upon the actions of some people who get in over their heads due to stupidity or misfortune is a bit ignorant really.

 

People have cards for lots of reasons, most of them perfectly reasonable and the vast majority of people who have them don't end up getting in the shit. I buy everything I can on mine because it suits me to do so, I pay my bill in full each month, so basically I'm getting an interest-free loan each month and the money sits in my account for as long as possible earning (a pitiful amount of) interest, also I get airmiles on everything I spend. So basically I get extra interest and airmiles for doing nothing different from what I would normally do just paying with a credit rather than a debit-card. What's wrong with that?

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Why does anyone need a credit card?

 

Never seen the point at all.

 

To keep the money in your bank account for longer and make more interest? (Which of course means pennies atm, but the point still stands)

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Guest lankybellwipe

I'm trying to find an advert on google from Viz, featuring Jim 'Nik Nik' Davidson and 'Kneecap Finance' Absolute quality. A picture of The bell end leaning against a car on crutches with his legs in plaster :mackems:

 

Anyone?

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Why does anyone need a credit card?

 

Never seen the point at all.

 

Greedy people who want things that they can't afford at the time, mainly.

 

Did you pay for your house in cash like?

 

They're simply a tool for people to manage their finances and as with every tool some people know how to use them and some don't. To make a moral judgement on everyone who has a credit card based upon the actions of some people who get in over their heads due to stupidity or misfortune is a bit ignorant really.

 

People have cards for lots of reasons, most of them perfectly reasonable and the vast majority of people who have them don't end up getting in the shit. I buy everything I can on mine because it suits me to do so, I pay my bill in full each month, so basically I'm getting an interest-free loan each month and the money sits in my account for as long as possible earning (a pitiful amount of) interest, also I get airmiles on everything I spend. So basically I get extra interest and airmiles for doing nothing different from what I would normally do just paying with a credit rather than a debit-card. What's wrong with that?

 

Aye. Very good post.

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Why does anyone need a credit card?

 

Never seen the point at all.

 

 

self employed mate, would never have gotten through the lean spells without them. those days are well behind me now like,.but a good source of instant credit.

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Why does anyone need a credit card?

 

Never seen the point at all.

 

I like mine.  :thup: Always put my season ticket on one (Barclaycard - interest free for season tickets) and use the other for things like booking holidays/train tickets etc where I'm going to be given some of the money by someone else, as unfortunately I don't always have enough spare money in my bank account to wait for others to cough up. Works perfectly. :thup:

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