gater2 Posted May 30, 2013 Report Share Posted May 30, 2013 Very disappointed Bolton have decided to have QuickQuid as their sponsor for next season: http://www.bbc.co.uk/news/uk-england-manchester-22707261 These loan sharks prey on the most vulnerable, often causing misery, especially in hard economic times. Sign a petition asking the club to reverse its decision: https://www.change.org/en-GB/petitions/bolton-wanderers-football-club-reverse-the-decision-to-allow-the-club-kit-to-be-sponsored-by-quick-quid I would hope supporters of other clubs would sign a petition if City did something as stupid & irresponsible as this. Link to comment Share on other sites More sharing options...
Admin phantom Posted May 30, 2013 Admin Report Share Posted May 30, 2013 Not the first or the last type of this company to be a shirt sponsor Link to comment Share on other sites More sharing options...
TMS Posted May 30, 2013 Report Share Posted May 30, 2013 No different to being sponsored by an alcohol company imo Link to comment Share on other sites More sharing options...
dezgimed Posted May 30, 2013 Report Share Posted May 30, 2013 Possibly more important things to be petitioning about these days, IMO of course. Link to comment Share on other sites More sharing options...
WhistleHappy Posted May 30, 2013 Report Share Posted May 30, 2013 Perhaps Bolton needed the Wonga... (btw, these 'payday loan' companies are a complete rip-off avoid them like plague, if you're in a spot of financial difficulty get some decent advice first...Citizens Advice Bureaux,.... Bristol City council Welfare Rights Money Advice Service... or some such service as these. If you're able to save a liitle now and again but maybe need a little help sometimes as well - try the Bristol Credit Union, they're about as fair as you will find anywhere, & better to deal with than the big high st banks) Link to comment Share on other sites More sharing options...
gater2 Posted May 30, 2013 Author Report Share Posted May 30, 2013 Possibly more important things to be petitioning about these days, IMO of course. More important than vulnerable people going further into crippling and avoidable debts, leading to marriage breakdowns, depression and even suicide? Link to comment Share on other sites More sharing options...
slartibartfast Posted May 30, 2013 Report Share Posted May 30, 2013 Possibly more important things to be petitioning about these days, IMO of course. Yes and no, if it's anything important petitions are a total waste of time ! Link to comment Share on other sites More sharing options...
dezgimed Posted May 30, 2013 Report Share Posted May 30, 2013 More important than vulnerable people going further into crippling and avoidable debts, leading to marriage breakdowns, depression and even suicide? Well that is one end of the spectrum I guess. On the other side, you need £100 till payday, you pay back £150 2 weeks later. I know plenty of people that do this, because it helps them when they're in a squeeze and they arent stupid enough to not read the balance to be paid back when they sign up. Link to comment Share on other sites More sharing options...
TRL Posted May 30, 2013 Report Share Posted May 30, 2013 Very disappointed Bolton have decided to have QuickQuid as their sponsor for next season: http://www.bbc.co.uk/news/uk-england-manchester-22707261 These loan sharks prey on the most vulnerable, often causing misery, especially in hard economic times. Sign a petition asking the club to reverse its decision: https://www.change.org/en-GB/petitions/bolton-wanderers-football-club-reverse-the-decision-to-allow-the-club-kit-to-be-sponsored-by-quick-quid I would hope supporters of other clubs would sign a petition if City did something as stupid & irresponsible as this. They prey on no one, they advertise. I would suggest adverts may have been the cause for debts in the first place. Yes some people are severly hard up, but if you are daft enough to take out a loan at 1000's of percent then you are a idiot. All the details are ther for people to see. they are not pointing a gun at your head saying take a loan with us. i have little sympathy truth be told. if your finances are that poor, that you risk being chucked out on the street, then getting a loan is not going to help is it, they will just take more of the money you don't have away! Link to comment Share on other sites More sharing options...
David Brent Posted May 30, 2013 Report Share Posted May 30, 2013 More important than vulnerable people going further into crippling and avoidable debts, leading to marriage breakdowns, depression and even suicide? Was 118BET any different then? Or Blackthorn even? Link to comment Share on other sites More sharing options...
dezgimed Posted May 30, 2013 Report Share Posted May 30, 2013 Was 118BET any different then? Or Blackthorn even? Or Fifa13 or FM13 for that matter....!!! Shame on Swindon and Watford. Link to comment Share on other sites More sharing options...
The Casual Connoisseur Posted May 30, 2013 Report Share Posted May 30, 2013 I'd ban alcohol sponsorship on kits, far from pleasant seeing kids wearing shirts emblazoned with alcoholic beverage companies, condoning use of alcohol at a young age is moronic. Link to comment Share on other sites More sharing options...
glynriley Posted May 30, 2013 Report Share Posted May 30, 2013 I'd ban alcohol sponsorship on kits, far from pleasant seeing kids wearing shirts emblazoned with alcoholic beverage companies, condoning use of alcohol at a young age is moronic. Don't other clubs do the same as us then ?? Link to comment Share on other sites More sharing options...
Pickle Rick Posted May 30, 2013 Report Share Posted May 30, 2013 I'd ban alcohol sponsorship on kits, far from pleasant seeing kids wearing shirts emblazoned with alcoholic beverage companies, condoning use of alcohol at a young age is moronic. Are there any kids shirts that actually display the booze/gambling? Thought it was illegal/not wanted for minors to promote these... Link to comment Share on other sites More sharing options...
Kid in the Riot Posted May 30, 2013 Report Share Posted May 30, 2013 On the other side, you need £100 till payday, you pay back £150 2 weeks later. I know plenty of people that do this, because it helps them when they're in a squeeze and they arent stupid enough to not read the balance to be paid back when they sign up. Really? That's nuts. 2 weeks at 50% interest. Have they ever heard of overdrafts, credit cards etc ? Link to comment Share on other sites More sharing options...
BRISTOL86 Posted May 30, 2013 Report Share Posted May 30, 2013 They prey on no one, they advertise. I would suggest adverts may have been the cause for debts in the first place. Yes some people are severly hard up, but if you are daft enough to take out a loan at 1000's of percent then you are a idiot. All the details are ther for people to see. they are not pointing a gun at your head saying take a loan with us. i have little sympathy truth be told. if your finances are that poor, that you risk being chucked out on the street, then getting a loan is not going to help is it, they will just take more of the money you don't have away! Agree entirely. To suggest that companies like this are responsible for suicides is at best laughable, at worst slanderous! Nothing these companies do is hidden, it's all upfront and very obvious that they are not there to be a source of long term finance or a way out of debt. Link to comment Share on other sites More sharing options...
The Casual Connoisseur Posted May 30, 2013 Report Share Posted May 30, 2013 Are there any kids shirts that actually display the booze/gambling? Thought it was illegal/not wanted for minors to promote these... You may be correct, however not every kid fits a kids shirt. Either way, with the current situation (problem) we have with alcohol and it's social/health problems, personally I don't think it sends the correct message of a child seeing his sporting heroes, endorsing alcoholic beverage companies, or that of fast food chains. As I say it's just my opinion. Link to comment Share on other sites More sharing options...
dezgimed Posted May 30, 2013 Report Share Posted May 30, 2013 Really? That's nuts. 2 weeks at 50% interest. Have they ever heard of overdrafts, credit cards etc ? No idea just made the numbers up, but that is probably the jist of it. They are mainly for sub borrowers who probably can't get OD's/CC's (or have already maxed them out!). Link to comment Share on other sites More sharing options...
Alex_BCFC Posted May 30, 2013 Report Share Posted May 30, 2013 People have a choice. Rates are fairly clear and if you haven't heard about how others have struggled to pay off the debt to them then you just having being awake for the past few years. Link to comment Share on other sites More sharing options...
Bristol Rob Posted May 30, 2013 Report Share Posted May 30, 2013 Very disappointed Bolton have decided to have QuickQuid as their sponsor for next season: http://www.bbc.co.uk/news/uk-england-manchester-22707261 These loan sharks prey on the most vulnerable, often causing misery, especially in hard economic times. Sign a petition asking the club to reverse its decision: https://www.change.org/en-GB/petitions/bolton-wanderers-football-club-reverse-the-decision-to-allow-the-club-kit-to-be-sponsored-by-quick-quid I would hope supporters of other clubs would sign a petition if City did something as stupid & irresponsible as this. Does this mean that on a match day the team are expected to give 3721%? Link to comment Share on other sites More sharing options...
Roger Red Hat Posted May 30, 2013 Report Share Posted May 30, 2013 Agree entirely.To suggest that companies like this are responsible for suicides is at best laughable, at worst slanderous! Nothing these companies do is hidden, it's all upfront and very obvious that they are not there to be a source of long term finance or a way out of debt. Really? My word, you have a strange sense of humour. For some poor unfortunates it's the last straw in a miserable downward spiral. Link to comment Share on other sites More sharing options...
dezgimed Posted May 30, 2013 Report Share Posted May 30, 2013 Really? My word, you have a strange sense of humour. For some poor unfortunates it's the last straw in a miserable downward spiral. I'd say there would have to be some other severe issues involved to partner debt to come to that, because otherwise most people would just declare bankruptcy, which is stricken from your record in 6-7 years anyway. Link to comment Share on other sites More sharing options...
BRISTOL86 Posted May 30, 2013 Report Share Posted May 30, 2013 Really? My word, you have a strange sense of humour. For some poor unfortunates it's the last straw in a miserable downward spiral. I didn't say suicide was laughable now did I? I said that suggesting that payday loan companies are responsible for suicide is ridiculous. Which it is. It's like saying manufacturers of mobile phones are responsible for deaths that occur on the roads because of people texting whilst driving. Link to comment Share on other sites More sharing options...
MarcusX Posted May 30, 2013 Report Share Posted May 30, 2013 They prey on no one, they advertise. I would suggest adverts may have been the cause for debts in the first place. Yes some people are severly hard up, but if you are daft enough to take out a loan at 1000's of percent then you are a idiot. All the details are ther for people to see. they are not pointing a gun at your head saying take a loan with us. i have little sympathy truth be told. if your finances are that poor, that you risk being chucked out on the street, then getting a loan is not going to help is it, they will just take more of the money you don't have away! I sincerely hope you never find yourself in a position where its your only option, despite it being a terrible option. Unfortunately I have first hand experience of what these type of loans can do to someone and their family, and that person has worked with money and finance all their lives. These companies DO prey on people because they offer loans to people with terrible credit ratings. They give people an idea of a "way out". If a bank has decided that your rating is too poor to give you a loan, there is absolutely no way these companies should be allowing you to borrow thousands of pounds when its quite clear you arent going to be able to pay it back! Link to comment Share on other sites More sharing options...
BRISTOL86 Posted May 30, 2013 Report Share Posted May 30, 2013 I sincerely hope you never find yourself in a position where its your only option, despite it being a terrible option. Unfortunately I have first hand experience of what these type of loans can do to someone and their family, and that person has worked with money and finance all their lives. These companies DO prey on people because they offer loans to people with terrible credit ratings. They give people an idea of a "way out". If a bank has decided that your rating is too poor to give you a loan, there is absolutely no way these companies should be allowing you to borrow thousands of pounds when its quite clear you arent going to be able to pay it back! Not really. All the adverts you see for these lenders make it quite clear they are designed for short term financial pickles, I.e car breaking down a week before payday. All of the lenders are upfront about interest rates and if you choose to ignore all that and use them as a source of long term borrowing knowing you won't be able to repay then what do people expect? For people who want £200 to fix a washing machine because its 2 weeks til payday and are happy to pay back £250, they are an easy solution with no adverse consequences. Most have a lending limit of 1000 or 1500 quid so to suggest that they neglegently allow people to rack up thousands of pounds worth of debt that they can't repay is wide of the mark, unless people are borrowing thousands from several of these lenders at a time. Anyway, back on topic. Ultimately whoever offers Bolton the most wonga (no pun intended) will get the sponsorship deal, that's reality. No different for city and I'd expect us to be making those decisions on commercial rather than moral grounds. Link to comment Share on other sites More sharing options...
Roger Red Hat Posted May 30, 2013 Report Share Posted May 30, 2013 I didn't say suicide was laughable now did I? I said that suggesting that payday loan companies are responsible for suicide is ridiculous. Which it is. It's like saying manufacturers of mobile phones are responsible for deaths that occur on the roads because of people texting whilst driving. You are of course entitled to your opinion, but unfortunately it is formed by what I presume is ignorance. This may help give you a more fully informed opinion. http://www.thesun.co.uk/sol/homepage/news/money/city/4345867/Payday-loan-debts-killed-our-son-18.html Link to comment Share on other sites More sharing options...
Chappers Posted May 30, 2013 Report Share Posted May 30, 2013 Cost is between £20 and £29.50 per month per £100 borrowed. Exceed your overdraft limit from a so-called reputable bank and it will cost an awful lot more than that. Link to comment Share on other sites More sharing options...
SWRed Posted May 30, 2013 Report Share Posted May 30, 2013 I couldn't care less who sponsored a team, or what the shirt looked like. All I would care is if it brings in enough sponsorship money which I'm sure is why Bolton chose them as kit sponsors. As others have said it's no less 'immoral' than having a betting company or drinks company on the shirt. Nothing wrong with pay day loans companies, they serve a purpose if used correctly and as a last resort. Lots of people saying they are sharks and crooks and whatever, but they don't force their product on people, and if people look at their site it's pretty clear how much the loan will cost. Same as gambling companies, not their fault if people get addicted; people need to show constraint. Link to comment Share on other sites More sharing options...
BRISTOL86 Posted May 30, 2013 Report Share Posted May 30, 2013 You are of course entitled to your opinion, but unfortunately it is formed by what I presume is ignorance. This may help give you a more fully informed opinion. http://www.thesun.co.uk/sol/homepage/news/money/city/4345867/Payday-loan-debts-killed-our-son-18.html Typical red top crap. Gambling debts and irresponsibility caused him to commit suicide, not a payday loan company. And FYI I spent 8 years of my life in debt and am now thankfully coming out of the other side thanks to working my ass of for a better future so I'm certainly not ignorant to the circumstances of being indebted. Do I blame NatWest for that because they gave me a big credit card allowance? No I blame myself for being financially irresponsible. To suggest that a payday lender caused that suicide is just baffling. From a cursory read of the article I blame - addiction to gambling - possible parental negligence for not educating this person about financial responsibility (or they did and he didn't listen) - ignorance on the individuals part for thinking a payday loan company was a viable source of finance for bingo If NatWest had given him a 10,000 quid loan for a car and he spent it on heroin and died of an overdose, did NatWest kill him? Of course not, drug addiction did. Link to comment Share on other sites More sharing options...
TRL Posted May 30, 2013 Report Share Posted May 30, 2013 I sincerely hope you never find yourself in a position where its your only option, despite it being a terrible option. Unfortunately I have first hand experience of what these type of loans can do to someone and their family, and that person has worked with money and finance all their lives. These companies DO prey on people because they offer loans to people with terrible credit ratings. They give people an idea of a "way out". If a bank has decided that your rating is too poor to give you a loan, there is absolutely no way these companies should be allowing you to borrow thousands of pounds when its quite clear you arent going to be able to pay it back! Tough would be my response, don't take it out, they didn't tell you to go to them, you made that decision no one else. If you are stupid enough you get what you deserve, there are plenty of other ways to go about getting help. i have had a family member in just this stiuation, I told him not to go down this route, luckily he didn't he was able to go through the correct channels and re finance his debt over a longer term with smaller (much smaller repayment until he was back on his feet) at the end of the day if you have debts they would rather you pay them back over time, than lose the lot when you have nothing left to give.. There are plenty of agreements available to people if they want them, but unfortunatly the lure of money is too great for some, rather than facing the real problem, your existing debt and managing and restructuring it, rather than adding to it. Link to comment Share on other sites More sharing options...
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