Kid in the Riot 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. My OD is £1 a day on any amount up to £1000 Link to comment Share on other sites More sharing options...
Slacker Posted May 30, 2013 Report Share Posted May 30, 2013 I think the problem with these companies is they only "help" people who are in such desperate dire straits that more reputable options are unavailable.It is fine to take the moral high ground but sometimes circumstances force people's hand .I have been made redundant twice and had an accident which wasn't my fault and kept me off work for a year.Six months of that was on half pay .I was lucky I could borrow the money from a relative to pay my mortgage and I have since repaid it all back to them.Thankfully they never charged me interest but it still took a long to for me to get clear.People do not just get in debt by being frivolous and irresponsible . Link to comment Share on other sites More sharing options...
dezgimed Posted May 30, 2013 Report Share Posted May 30, 2013 I think the problem with these companies is they only "help" people who are in such desperate dire straits that more reputable options are unavailable.It is fine to take the moral high ground but sometimes circumstances force people's hand .I have been made redundant twice and had an accident which wasn't my fault and kept me off work for a year.Six months of that was on half pay .I was lucky I could borrow the money from a relative to pay my mortgage and I have since repaid it all back to them.Thankfully they never charged me interest but it still took a long to for me to get clear.People do not just get in debt by being frivolous and irresponsible . Im no fan of excessive US style litigation, but if that were true you'd be entitled to some sort of payout. You don't just have a year off work barely paid if it isnt your fault. Link to comment Share on other sites More sharing options...
Slacker Posted May 30, 2013 Report Share Posted May 30, 2013 I recieved a small court settlement that was nowhere near covering my lost wages and most of that was taken by the DSS to cover the sick pay I recieved whist off work.Trust me,I was left severely out of pocket.The system used to calculate compensation is not quite as exciting as the no win no fee merchants make out.I had broken bones and needed an operation several months after the accident.For example on the scale used a broken leg entitles you to about £1000.This happened around 15 years or so ago so it's possible things may have changed a bit these days. Link to comment Share on other sites More sharing options...
dezgimed Posted May 30, 2013 Report Share Posted May 30, 2013 I recieved a small court settlement that was nowhere near covering my lost wages and most of that was taken by the DSS to cover the sick pay I recieved whist off work.Trust me,I was left severely out of pocket.The system used to calculate compensation is not quite as exciting as the no win no fee merchants make out.I had broken bones and needed an operation several months after the accident.For example on the scale used a broken leg entitles you to about £1000. That sounds bad. Too bad it wasnt a vehicle accident, you normally get a grand for minor whiplash. Link to comment Share on other sites More sharing options...
Eco 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. Signed. Link to comment Share on other sites More sharing options...
Slacker Posted May 30, 2013 Report Share Posted May 30, 2013 Would of probably got more if I dropped coffee on myself at McDonalds Dez.Then I could of sued McDs for making the coffee hot.Perhaps I could have thrown in a bit of stress and anguish to bump up the claim. Link to comment Share on other sites More sharing options...
Laner Posted May 30, 2013 Report Share Posted May 30, 2013 Odd how some people take the moral high ground on the sponsors and not the possibility that the shirt it's printed on may well have been made by child labour for a pittance in appalling conditions in some far off country. Link to comment Share on other sites More sharing options...
BRISTOL86 Posted May 30, 2013 Report Share Posted May 30, 2013 And not to mention we're sponsored by Blackthorn, that's far more likely to leave you in a difficult situation than Quick Quid Link to comment Share on other sites More sharing options...
Cambridge Batch Red Posted May 31, 2013 Report Share Posted May 31, 2013 Much rather blackthorn than some gambling or usery company. Link to comment Share on other sites More sharing options...
Peter O Hanraha-hanrahan Posted May 31, 2013 Report Share Posted May 31, 2013 Are there any kids shirts that actually display the booze/gambling? Thought it was illegal/not wanted for minors to promote these... Our kids size shirts are sponsored by the Community Trust for this very reason. As for Quickquid (like Wonga) they aren't breaking any rules, they don't tour inner city housing estates holding guns to people's heads making them sign up to a loan. Our kits are made by Adidas who, I believe, we're exposed last year for using cheap sweatshop labour to make some of their products. It's highly possible that the bank you have an account with invests in shares in other companies with questionable business practices. Alcohol is responsible for thousands of deaths in the UK every year. Bolton are sponsored by a loan company. Link to comment Share on other sites More sharing options...
leftwingfullback Posted May 31, 2013 Report Share Posted May 31, 2013 I fail to see a problem with these companies, if you need cash and you know you can pay it back, i dont know what the problem is. How many people here have a mortgage? Are the banks etc bad when people cant repay the mortgages due to people losing their jobs? I can see much worse problems than these companies, like the poster above said, surely adidias abusing children in 3rd world countries is a lot worse? Link to comment Share on other sites More sharing options...
WhistleHappy Posted May 31, 2013 Report Share Posted May 31, 2013 Besides all the above points....... I CANT STAND THOSE BLOODY TV AD's - You Know The Ones I Mean- Arrrghhh! ... can you?? Link to comment Share on other sites More sharing options...
Roger Red Hat Posted May 31, 2013 Report Share Posted May 31, 2013 Odd how some people take the moral high ground on the sponsors and not the possibility that the shirt it's printed on may well have been made by child labour for a pittance in appalling conditions in some far off country. Best forget all about it then. Best not to trouble our little heads with it. Link to comment Share on other sites More sharing options...
Toblerone Posted June 1, 2013 Report Share Posted June 1, 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. Any truth in the rumour that Sags will be sponsored by a detergent company next year? I heard it will be the Finest Universal Cleaner Known or at least an abbreviation.... (With thanks to the late, great Fred Wedlock) Link to comment Share on other sites More sharing options...
Portland Bill Posted June 2, 2013 Report Share Posted June 2, 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. I would question the rates being really clear. Without trying to sound patronising, these loans are aimed at the " less clever " in society, people on low wages who can't get loans from anyone else. I'm not convinced that all if them would even know what they are getting into. Interest rates are probably the last thing they look at, they just want the cash. I'm far from clever myself, but would avoid these companies, they pray on the vulnerable IMO. Link to comment Share on other sites More sharing options...
Alex_BCFC Posted June 2, 2013 Report Share Posted June 2, 2013 I would question the rates being really clear. Without trying to sound patronising, these loans are aimed at the " less clever " in society, people on low wages who can't get loans from anyone else. I'm not convinced that all if them would even know what they are getting into. Interest rates are probably the last thing they look at, they just want the cash. I'm far from clever myself, but would avoid these companies, they pray on the vulnerable IMO. Just been on their website. The rate is very clear on the front page. Link to comment Share on other sites More sharing options...
JammyOne Posted June 2, 2013 Report Share Posted June 2, 2013 I don't understand the hate with these pay day loan websites, if you don't like their stupidly high interest rates then don't do business with them. It doesn't get any simpler than that. Just been on their website. The rate is very clear on the front page. Where? Link to comment Share on other sites More sharing options...
TRL Posted June 2, 2013 Report Share Posted June 2, 2013 I don't understand the hate with these pay day loan websites, if you don't like their stupidly high interest rates then don't do business with them. It doesn't get any simpler than that. Where? Exactly, but it seems we need to have things in place for the thick. I am sorry, let that be a lesson for pissing around at school. Being an idiot or not understanding is not an excuse. If you don't understand don't enter an agreement with them. Anyone who is actually mentally challenged rather than a lazy minded arse, I am sure will be get out of anything they sign up for. Link to comment Share on other sites More sharing options...
Roger Red Hat Posted June 2, 2013 Report Share Posted June 2, 2013 Exactly, but it seems we need to have things in place for the thick. I am sorry, let that be a lesson for pissing around at school. Being an idiot or not understanding is not an excuse. If you don't understand don't enter an agreement with them. Anyone who is actually mentally challenged rather than a lazy minded arse, I am sure will be get out of anything they sign up for. Exactly TRL. I cant for the life of me understand why these thickos weren't packed off to the concentration camps with the Jews and gypsies and disabled etc. Apologies if I've missed anybody out. Link to comment Share on other sites More sharing options...
TRL Posted June 2, 2013 Report Share Posted June 2, 2013 Exactly TRL. I cant for the life of me understand why these thickos weren't packed off to the concentration camps with the Jews and gypsies and disabled etc. Apologies if I've missed anybody out. Weird example those ones you mention had no choice but to get bussed off to the camps. Where as numpties who have free choice to read, take advice then turn down the astronomical interest rates, but sign up anyway. Warped world you live in comparing the final solution with the choice of a numpty signing up for credit interest. What ever floats your boat! Link to comment Share on other sites More sharing options...
JammyOne Posted June 2, 2013 Report Share Posted June 2, 2013 Exactly, but it seems we need to have things in place for the thick. I am sorry, let that be a lesson for pissing around at school. Being an idiot or not understanding is not an excuse. If you don't understand don't enter an agreement with them. Anyone who is actually mentally challenged rather than a lazy minded arse, I am sure will be get out of anything they sign up for. I don't even think it's necessarily the uneducated, but rather the kind of person that takes zero responsibility for themselves and expects society to take care of their every need, therefore they feel they don't need to look in to the contracts they are signing because someone else should sort it out for them. Completely agree, having little understanding is no excuse; given the website offers some basic financial education on their website for those who don't understand the concept of simple budgeting, it's not like they're trying to deceive anyone. Link to comment Share on other sites More sharing options...
TRL Posted June 2, 2013 Report Share Posted June 2, 2013 I don't even think it's necessarily the uneducated, but rather the kind of person that takes zero responsibility for themselves and expects society to take care of their every need, therefore they feel they don't need to look in to the contracts they are signing because someone else should sort it out for them. Completely agree, having little understanding is no excuse; given the website offers some basic financial education on their website for those who don't understand the concept of simple budgeting, it's not like they're trying to deceive anyone. Yep, the head in sand buriers, and those who think the world owes them a living are the worst. I have no time for anyone using this service for what it isn't, this is a service for those who need cash quickly, who can pay it back in whole quickly. In essence those with cash flow problems, not those with debt problems. Anyone else using it for debt management needs their head read! Link to comment Share on other sites More sharing options...
Roger Red Hat Posted June 2, 2013 Report Share Posted June 2, 2013 http://www.guardian.co.uk/commentisfree/2013/may/29/payday-loan-companies-britain-regulators Link to comment Share on other sites More sharing options...
chipdawg Posted June 2, 2013 Report Share Posted June 2, 2013 I used one of these things once, though it was a high street version. While I'm uncomfortable about the idea of credit that readily available to anyone, no questions asked, I can't really fault them. I borrowed £80 and it was set up to cone out of my account 30 days later. It was made perfectly clear to me that borrowing £80 would result in me repaying £89 plus a fee (£4 I think). They gave me a card with a number to ring if I had trouble repaying. While the concept is there to be abused, I personally feel that they fill a gap in the Market (my bank wouldn't have given me a short term, short notice loan at that rate) and behaved as responsibly as possible. No one gets this shitty when an Internet gambling firm, casino or booze-related company sponsor a football team and the affect of those industries on vulnerable peoples far greater IMO Link to comment Share on other sites More sharing options...
TRL Posted June 2, 2013 Report Share Posted June 2, 2013 http://www.guardian.co.uk/commentisfree/2013/may/29/payday-loan-companies-britain-regulators What about it? I don't understand it is non story. It is about choices, not the nasty company forcibly going into their shop and taking out a loan. Time people took responsibilities for their own lives. I have a lot less money coming in as I have insurances setup in case I hit money trouble. Hey I am sure some won't pay out, or make it hard. But a bit of fore thought by me, has ensured when out of work I am getting paid my mortgage is getting paid and there is food on the table. Trouble is nowadays, people want things now, when it goes tits up they have never thought about a back up plan. Why? Because that means spending money that could be better spent on booze fags or what ever else is more important to you in the now such ad a better car than you can really justify or more expensive cloths. Anyway, you get my drift Link to comment Share on other sites More sharing options...
JammyOne Posted June 2, 2013 Report Share Posted June 2, 2013 Yep, the head in sand buriers, and those who think the world owes them a living are the worst. I have no time for anyone using this service for what it isn't, this is a service for those who need cash quickly, who can pay it back in whole quickly. In essence those with cash flow problems, not those with debt problems. Anyone else using it for debt management needs their head read! And generally those that think they should own every material item their next door neighbour has, they're second worst! Let's say your mate is having a stag do and wants to go to Brighton for the weekend but you're short on cash, you get paid next week and you know it's simply a matter of timing, not lack of income. You take out a pay-day loan with Quickquid, it will cost you £25 to take out a loan of £100. Is a charge of £25 really that bad? I don't think so, if it wasn't for the fact I keep money back for a rainy day I'd probably use the service myself I needed to. If you're in debt, more debt is not the answer! Link to comment Share on other sites More sharing options...
TRL Posted June 2, 2013 Report Share Posted June 2, 2013 And generally those that think they should own every material item their next door neighbour has, they're second worst! Let's say your mate is having a stag do and wants to go to Brighton for the weekend but you're short on cash, you get paid next week and you know it's simply a matter of timing, not lack of income. You take out a pay-day loan with Quickquid, it will cost you £25 to take out a loan of £100. Is a charge of £25 really that bad? I don't think so, if it wasn't for the fact I keep money back for a rainy day I'd probably use the service myself I needed to. If you're in debt, more debt is not the answer! Exactly. And those who think it is for anything other than that really need some sort of money and budgeting lessons. I really am surprised how detached for financial reality some people are. Clearly there are a minority of people out there who have never been in a position to get themselves into financial stability. The problem then is with the lenders. If these people have nothing to take away from them, then the risk is wholey with the lender. Link to comment Share on other sites More sharing options...
Portland Bill Posted June 2, 2013 Report Share Posted June 2, 2013 Just been on their website. The rate is very clear on the front page. Fine, but its the tv adverts that most would fall for. One of those 20 seconds phone us now adverts. You and me see through them, but a lot don't. That's why there is a thread about it! Link to comment Share on other sites More sharing options...
leftwingfullback Posted June 2, 2013 Report Share Posted June 2, 2013 If I badly, badly needed £100 and someone would lend it to me for an extra £25, I don't think that is at all bad. Look how much mortgages cost you over the life of the loan etc. Link to comment Share on other sites More sharing options...
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