OT Wonga collapse

[Geoff Parkstone]

yes, great news

First and biggest of the parasitic payday loan companies heading for financial disaster. Maybe this will finally see the end of such usurious scum and the arseholes that use them - and a restoration of the idea of saving for your TV/holiday/car etc and the eventual reduction of the ludicrous levels of personal debt that blights our economy.

[Andy_Faber]

yes, great news

First and biggest of the parasitic payday loan companies heading for financial disaster. Maybe this will finally see the end of such usurious scum and the arseholes that use them - and a restoration of the idea of saving for your TV/holiday/car etc and the eventual reduction of the ludicrous levels of personal debt that blights our economy.

Regarding the arseholes, I doubt it, and if RA were around he would defend such arseholes as unfairly maligned. Regarding loan sharks I think the demise of Wonga will only make things worse. The whole issue of ‘debt’ is a complex one, IMO there’s a gulf between manageable and uncontrolled ‘jam Today’ debt

[mistaram]

yes, great
news

First and biggest of the parasitic payday loan companies heading for financial disaster. Maybe this will finally see the end of such usurious scum and the arseholes that use them - and a restoration of the idea of saving for your TV/holiday/car etc and the eventual reduction of the ludicrous levels of personal debt that blights our economy.

The most ugliest side of capitalism Greedy unscrupulous *******s leeching on the poorest in our society Unbelievable interest rates on 21/11/2011 they had an interest rate of 4,214%That was even bettered on 23/11/2013 with a 5,853 % locking people into debts they were never going to be able to pay They were then found guilty of sending fake legal letters from fictitious law firms threatening frightened borrowers with bailiffs and legal action Not hard to see the sort of people who run such company when the likes of Mike Ashley have them sponsoring Newcastle and the Oystons had them sponsoring Blackpool Fc for five years

[ramAnag]

Regarding the arseholes, I doubt it, and if RA were around he would defend such arseholes as unfairly maligned. Regarding loan sharks I think the demise of Wonga will only make things worse. The whole issue of ‘debt’ is a complex one, IMO there’s a gulf between manageable and uncontrolled ‘jam Today’ debt

RA is around Andy...thanks to you and Gary Purvis...and there are no circumstances which would see me ‘defend’ the likes of Wonga.
Pull the trigger maybe, defend them...never! I completely agree with mista and Roger. Indeed I’d go further and stop just about every advert during Sky matches being for online betting or junk food but some ‘arsehole’ from somewhere on the ‘right’ would probably accuse me of be ‘anti free speech’ and restricting people’s freedom of choice.

[Geoff Parkstone]

You are so ‘anti free speech’ and restrictive of people’s freedom of choice.

[ramAnag]

I’d never have called you an ‘arsehole’, Parky.