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Red Lead Ted
29th October 2013, 12:08 PM
They are falling over themselves to lend you next months wages, 60% interest. They will buy your old gold at a knockdown if you're short of funds, They have started buying everything from your dinner table to your family china tea set. Why aren't they offering to pay are gas and electric bills until the end of the quarter ????????? Could it be that they may loose on the deal. Capitalist Barstewards Terry.:mad:

Captain Kong
29th October 2013, 12:29 PM
I believe that Wonga were charging over 1000% plus interest on loans, they were exposed in the papers about it.
They still advertise on TV.
I dont understand why people borrow money off these shylocks.
If you are short of money, do not borrow, just do without,
If you cannot manage on what you have got now you will never manage to pay back a loan with loads of high interest, that muliplies and interest on top of interest. you go deeper and deeper in debt, then you lose your home and for the rest of your life will remain in debt.
The interst is multiplying, then the Big Heavies with Big Dogs come knocking on the door, taking away your TV , the Kids I pads, Mobile phones and your computer, they will wipe you out.then a miserable life.
Money Lenders should all be gaoled for life, No one should borrow, just go short for a bit, or you will be More Than Short for the rest of your life.
Cheers
Brian

john gill
29th October 2013, 02:10 PM
Agree with most of that Kong, however rather than have all their top of the range electronics snatched by the 'Heavies',perhaps buying all these 'must have' items in the first place has led to some of the reasons why these people fall into debt initially. Jam today is their philosophy- although that is now freely available at the local food bank.

alf corbyn
29th October 2013, 02:23 PM
Can't understand how they get in debt. I have a debit card and a credit card, which I could pay 5.00 each a month to keep them going but I pay the full amount which is owed on them. result I do not owe the bank any money. if I needed money I would borrow from the bank.

ray-c
29th October 2013, 02:36 PM
Same as Alf,, the credit card, pays the air ticket, and full amount get paid
when the bill comes in, debit, money comes out same day, or as soon as
the card is cleared, we need it we buy it, don't need it, leave in the shop,
easy, why as no body done any thing about this, GOV talk the talk, but don't
walk the walk.

john gill
29th October 2013, 02:41 PM
Most people do manage their finances fairly well Alf, but a lot of the population do get into debt, sometimes through no fault of their own- marriage break ups, loss of employment ( or no employment at all) etc. Slipping into the benefits system can be easy and as Kong mentioned, why not try to do without what most people would consider unnecessary luxuries until they become affordable. Lack of equity is the reason these people cannot borrow from banks etc, and are forced to look elsewhere. I also beleve that a lot of reportage is mainly media hype and perhaps the problem is not as widespread as we think.
gilly

Captain Kong
29th October 2013, 03:20 PM
I have never paid one penny in interest on anything except a mortgage for my house.
my credit card is paid on a direct debit at the bank so I dont even think about it so I never have to worry about forgetting it and paying interest. I know what I can afford and what I cannot afford. I do not have a mobile or one of those wotsitS, I Pads or any of those thingys.. I have lived 78 without a mobile and do not want one not want one now. I have no one to phone now anyway they are neartly all dead.
We had to do without in the 30s and 40s and 50s so doing without now is no hardship.
My step son, got a loan against my advice six years ago, he now owes more than he borrowed even tho` he has been paying back for six years. he will never get out of debt.
If you have food in your belly and a place to sleep, Do not borrow, If you are in debt you cannot afford to borrow money, you aint never going to pay it back for ever.
Cheers
Brian.

Jim Brady
29th October 2013, 03:33 PM
There are not many people in full time employment and on what was at one time a half decent salary who have any money left the last week in the month.People on 4 year pay freezes whilst the cost of living carries on rising,it's no wonder people are turning to the money-lender,the pawn shop and the food banks.These are decent hard working people who have most probably always voted Tory.
Regards.
Jim.B.

john sutton
29th October 2013, 03:41 PM
come on fellas.We all were brought up with the belief that when you could afford it you can have it.People today are brought up on the basis that if somebody else has it then we are entitled to it(now) whether we can afford it or not.
Some body has a wedding on a west indian island costing 20000 pounds then every wants one even if they are in low paid jobs.Put it on the plastic.
People who always went to Benidorm on holiday are no longer happy when they hear about aquaintances going to florida.
Its not their fault its the fault of their parents who brought them up that way because a socialist government taught them that everybody has equal rights to the good things in life whether they have worked for them or not
john sutton

Captain Kong
29th October 2013, 04:08 PM
I was talking to a Social Worker at a party I was at.
He said Poverty is when the people next door have a bigger slim TV, one in each room, than you have and you only have one , smaller.
Poverty in Children is when they do not the same as their mates, a mobile phone , Blackbury, these things cost 500 quid or so. And an I pad or pod. and so on. That is real poverty he insisted. What a load of crap.
They do not know what poverty is.
We had Real Poverty in the 30s and 40s. no Child Benefit No benefits at all, not a Penny.
I have been , as a child, on the tips scratching for bits of coal and wood to burn, if I wanted a bike we went on the tips and find an old frame , maybe a week later find a wheel and so on and in six months could build a bike, No one bought me one. Today they have bikes costing hundreds.
If Dad had no money in the 30s I remember the Man from the Parish, coming in. Sell that chair, only one chair each for adults, we kids had to stand at the table. Sell that wireless, one with a big glass battery inside that you charged at the corner shop every Saturday for a couple of pennies. and so on through the house when you have sold them and spent up you may get a couple fo shillings off the Parish. We had three of us, sister and big brother and me in one bed, a WW1 Army overcoat on the bed to keep warm. one gas mantle in the front kitchen nothing in the back kitchen, cook on the fire, no lights up stairs, just a candle. midden at the bottom of the yard to crap in.
No bathroom or hot water,
We were still a happy family. My Dad being in the Bolton Borough Brass band played his E-Flat Bass to us every night, we didnt need a TV or Radio.
I swore that I would never go back to those days and tried my very best to keep out of debt, if I wanted something I saved up for it, No HP no interest. When I got marrued I saved up to buy a table and chairs for the dining room, we did without for four years, I saved up for every item of furniture, If I cannot afford it, do without, I did in the old days and still do now.
So to me , Today there is NO POVERTY. it is self inflicted, Politics have nothing to do with it, it is just common sense.
Cheers
Brian.

Jim Brady
29th October 2013, 04:16 PM
I was talking to a Social Worker at a party I was at.
He said Poverty is when the people next door have a bigger slim TV, one in each room, than you have and you only have one , smaller.
Poverty in Children is when they do not the same as their mates, a mobile phone , Blackbury, these things cost 500 quid or so. And an I pad or pod. and so on. That is real poverty he insisted. What a load of crap.
They do not know what poverty is.
We had Real Poverty in the 30s and 40s.
Whoever that so called Social Worker is he should be fired,I'd like to know what area he is working in.
Regards.
Jim.B.

Red Lead Ted
29th October 2013, 04:25 PM
Agree in full John, What a lot of people don't realise is that a lot of our teenagers leaving school today cant get access to a bank account. Moldovans Bulgarians next year sorry lads there is no room in the inn. Regards Terry.:( p.s watching the debate with the energy executives, Its a bloody farce this lot have just undersold Royal Mail nothing will be done these energy companies are capitalist exploitation lists. And they are allowed to get away with it and helps knowone. Terry.:mad:

Captain Kong
29th October 2013, 04:32 PM
Whoever that so called Social Worker is he should be fired,I'd like to know what area he is working in.
Regards.
Jim.B. #
He is Bolton Jim,
That is also a rule of so many daft do gooders, If you havent got it and others have you are deprived.
Cheers
Brian

Captain Kong
29th October 2013, 04:35 PM
Re: Wonga.com.
Agree in full John, What a lot of people don't realise is that a lot of our teenagers leaving school today cant get access to a bank account. Moldovans Bulgarians next year sorry lads there is no room in the inn. Regards Terry.

In two months millions of Rumanians and Bulgars are coming in and strait onto the benefit system and housing.
Yesterday CAMERON said he welcomes Turkey to come into the european Union. with more millons of Turks as well.
Also as Turkey is a `Thingy` country with borders to Syria, Iraq and Iran and a few others we are going to be swamped by `Thingies`.
Cameron should be Sectioned under the Mental Health Act.
Maybe then we will see Poverty when the Benefit system dries up and there is No money left.
Cheers
Brian.

Jim Brady
29th October 2013, 04:48 PM
There's Sharon Shoesmith just been awarded 600K she is the ex social worker in the Baby P case.She was head of child services in Haringey was dismissed over the Baby P case claimed the money for unfair dismissal.Polish baby Bradford died,young girls in care being exploited by men being fed drink and drugs and systematicly raped.Many children living in squalor starved and die and the same thing is said every time "Lessons have been learnt" but children will keep getting abused and die.So for a social worker to make a statement as you say, that is what is wrong with the system and children will keep dying because the social workers don't believe that there are children in trouble.
Regards.
jim.B.

robpage
29th October 2013, 06:15 PM
Re #15 , that woman got her award ONLY because Ed Balls screwed up on her sacking , she has shown little or no remorse for failings in the department that she was paid 113,000 a yar to manage . Why she was unfairly dismissed is not because of her inability , but because the procedure that she was sacked by was so badly flawed . Ed Balls error , not Shoesmiths inabilities .

robpage
29th October 2013, 06:17 PM
THE two men behind controversial payday loan firm Wonga.com have made 50million between them.

Founders Errol Damelin and Jonty Hurwitz have seen their company grow to a staggering value of 384million in just five years.

The astonishing growth is mainly down to giving short-term cash loans to struggling families at exorbitant interest rates.

A household name through a huge advertising *campaign, Wonga claims it serves people who need the flexibility of *borrowing in the short term and can afford to pay it back.

But critics say they target desperate unemployed families, luring them with the promise to put cash in their bank accounts within just 15 minutes.

Many turn to the company after watching the TV ad which shows three puppet pensioners dancing to house music while explaining the *attractions of Wonga.com.

The company, whose *annual interest rates charges work out at 4,200 per cent,



Check out all the latest News, Sport & Celeb gossip at Mirror.co.uk http://www.mirror.co.uk/night-copy/wonga-the-men-who-made-50million-830110#ixzz2j8WZ5DPd
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Jim Brady
29th October 2013, 06:44 PM
I must admit 4,200% is extortionate but it does sound a lot worse that what it is.For instance if I loaned you 100 and you paid me back 5.00pw for 27weeks total payable 135.00 what would the APR be?
Regards.
Jim.B.

Captain Kong
29th October 2013, 06:59 PM
Jim
Social Workers do not live on our planet.
They are well paid and do nothing useful. It is a job for life and a big Pension at the end of it.
I am in a battle with Social Services at this very moment, only just posted two letters to two departments in
an ongoing battle to get my brother sorted out in a care home that is badly treating him. he lost six stones in weight in a few weeks of being admitted, The Home has banned all our family from visiting him, they said we would be done for trespassing if we set one foot through their gate. His sons are not on the phone list if anything happens to him . he could even be dead at this time and we would not know, None of us, four sons and a daughter, four brothers and sisters, and grandsons, can visit, the last time we saw him was three months ago.end of July.
The home has the Law on their side.because the law is on the side of the wife.
He suffers from a fractured vertibrae in his spine, this was given to him by his wife`s ilegitimate grandson. a convicted drug dealer. [Second Wife] 1st one is dying in another home. This violent drug dealer is allowed to visit him
We cannot get him out because his wife got him in and now has all his money and big pension to play with.
The Law says the wife has the power not his sons or brothers.
Social Services said they will do Nothing, it has nothing to do with them.
I sent three letters today , 1 to the Home, 1 to the Director of Social Services and 1 to his Social worker, All totally use less.
I have told them that if there is no solution to this then we are going public and to the press and TV maybe BBCs Watchdog Program.
So you see, I have no love for these bersterds.
Brian.

john gill
29th October 2013, 08:06 PM
I must admit 4,200% is extortionate but it does sound a lot worse that what it is.For instance if I loaned you 100 and you paid me back 5.00pw for 27weeks total payable 135.00 what would the APR be?
Regards.
Jim.B.

I really don't think we've come very far since Whitfield used to charge us half a crown in the pound to cash an advance note.

Jim Brady
29th October 2013, 08:32 PM
John I dont know if you like me have never been so well off since I retired.I know that all the pensioners I know allways say how well off that they are today.Many I knew when they were working owed their wages out when they got paid on Friday and off they would go again on Monday borrowing again till the end of the week and so it went on week in week out.,now on a pension they are well off.I think most of us are in the enviable position of having brought up our families which was'nt always easy but I'm sure that it was a lot easier than a young couple of today with a mortgage and bringing three kids up.I think we should be thankfull that we were about at the time we were and not today.
Regards.
Jim.B.

ray-c
29th October 2013, 08:37 PM
I was talking to a Social Worker at a party I was at.
He said Poverty is when the people next door have a bigger slim TV, one in each room, than you have and you only have one , smaller.
Poverty in Children is when they do not the same as their mates, a mobile phone , Blackbury, these things cost 500 quid or so. And an I pad or pod. and so on. That is real poverty he insisted. What a load of crap.
They do not know what poverty is.
We had Real Poverty in the 30s and 40s. no Child Benefit No benefits at all, not a Penny.
I have been , as a child, on the tips scratching for bits of coal and wood to burn, if I wanted a bike we went on the tips and find an old frame , maybe a week later find a wheel and so on and in six months could build a bike, No one bought me one. Today they have bikes costing hundreds.
If Dad had no money in the 30s I remember the Man from the Parish, coming in. Sell that chair, only one chair each for adults, we kids had to stand at the table. Sell that wireless, one with a big glass battery inside that you charged at the corner shop every Saturday for a couple of pennies. and so on through the house when you have sold them and spent up you may get a couple fo shillings off the Parish. We had three of us, sister and big brother and me in one bed, a WW1 Army overcoat on the bed to keep warm. one gas mantle in the front kitchen nothing in the back kitchen, cook on the fire, no lights up stairs, just a candle. midden at the bottom of the yard to crap in.
No bathroom or hot water,
We were still a happy family. My Dad being in the Bolton Borough Brass band played his E-Flat Bass to us every night, we didnt need a TV or Radio.
I swore that I would never go back to those days and tried my very best to keep out of debt, if I wanted something I saved up for it, No HP no interest. When I got marrued I saved up to buy a table and chairs for the dining room, we did without for four years, I saved up for every item of furniture, If I cannot afford it, do without, I did in the old days and still do now.
So to me , Today there is NO POVERTY. it is self inflicted, Politics have nothing to do with it, it is just common sense.
Cheers
Brian.

so it was your dad that woke me up every morning,lol

Red Lead Ted
29th October 2013, 10:45 PM
Re #15 , that woman got her award ONLY because Ed Balls screwed up on her sacking , she has shown little or no remorse for failings in the department that she was paid 113,000 a yar to manage . Why she was unfairly dismissed is not because of her inability , but because the procedure that she was sacked by was so badly flawed . Ed Balls error , not Shoesmiths inabilities .

Rob, You are quite correct it was down to Ed Balls, But given the facts of this poor babies plight I would have to question the court's decision in this case 600,000 Never justice in my opinion.Terry.

robpage
29th October 2013, 10:50 PM
There is a simple procedure , which runs something like

Notice of Disciplinary
Disciplinary hearing with representation if required at least 24 hours from notice . The hearing should be impartial
The results of that hearing in a reasonable time
enactment of the findings
The appeal
The results of the appeal
The final appeal
The results of the finl appeal


Do that and the tribunal will award in the company's favour , deviate , land you pay the price

happy daze john in oz
30th October 2013, 05:58 AM
We have an undue number of pay day lenders sprining up here, they give leeches a bad name by their actions. But one of the most prolific ways people are getting into trouble here is with a large department store, Harvey Norman, has stores in Ireland as well. Offers such things sa 20 months interest free with no repaymenst. People buy thousands of dollars worth thinking it will be OK. Then comes the end of the 20 month period, thye have made no paymenst in thta time and in comes the interest rate at 30%. Greta way to buy if you are disiplined enough to manage it correctly.

John Pruden
30th October 2013, 07:13 AM
what ever happened to the sack and the p45? typical government no balls edd?

robpage
30th October 2013, 07:19 AM
That is what Ed Balls did , so the council , ultimately the taxpayers of the Borough , pay for it , that money has to come from somewhere , it won't be from Ed. Balls up though . Shoesmith won the tribunal because of the procedure not being followed . It sickens me that justice in the UK is getting harder to find

Louis the Amigo
30th October 2013, 07:37 AM
Hi shipmates, Payday loan companys are a gold mine ,for everyone whos in that business its legal ???? I remember When credit cards first came out live now pay later was born, But its the same scam today. its how our government runs the country borrow and borrow some more, on low intrest rate what happens when they all go up???? No one can pay.

john gill
6th November 2013, 08:17 PM
I recall a couple of years ago watching an English couple celebrating their wedding ceremony on the island of Mauritius. Lovely setting and very romantic. There were four other people attending, one official who was (hopefully) empowered to actually marry them,a witness to the ceremony, and two hotel staff. We met them later that evening in the bar- still in their bridal gear sitting together - just the two of them. Got chatting and we were a bit taken aback when they told us what it cost for the whole package ( a lot) and 'just bang it on the plastic' seemed to be the answer. Apparently none of their friends or even relatives could afford to travel to attend. I realise it is a special day, especially for the bride but i wonder just how long their debt would last. Fifty three years ago we were married in Norris Green parish church and had the reception in a room upstairs in a pub near Scottie Road in Liverpool ( the Hamlet- gone now) no plastic and the landlady ( my sister) provided some food and i put 10 behind the bar ( my pay off from a Skin Boat- the Changinola) and got change at the end of the night! Less than a week later i was back in Garston docks signing on again. No debt- no heavies banging on my door. Keep it simple i say and you sleep at night.
gilly

Jim Brady
6th November 2013, 09:07 PM
Wonga was in front of the all party select committee one of the MP's questioning them for ripping off the public was one and the same guy who had claimed for his heating and electricity.
Regards.
Jim.B.

Louis the Amigo
7th November 2013, 01:40 PM
Hi Shipmates, Live now pay later is great, untill the debts take over the repayments, What upsets me is the young british couples with babys or small children who wait outside the cash loans shops, every thursday / friday with bits of paper maybe redeeming last weeks loan? then off to the food bank .This is happening all over the country we are going back to the hard times?

leratty
7th November 2013, 03:26 PM
Christ Brian post 20, that is a horrific story & nothing can be done where the hell is justice why can't the 'real' family have some say why is nothing checked out that you say? Is your brother able to communicate, if so can they not listen to him or are they frightened of the consequences?
Your comments about social workers although like so many of ours are possibly generalising but never the less with a sound ring of truth to them. It seems now days one of the flavour of the month courses to do 'social work' but they appear unable to relate to the situation when in the real world. This was said so many times to us over dinner conversations as to the mess UK is in. It is so trendy for young Missy from Hampstead to do & being able to say "I'm a social worker" also with a high proportion of young gay men too? The latest boom biz of shelters for street people etc staffed by oodles of pre 30 just + year old 'social workers with degrees' maybe one or two mature heads occasionally.
One guy told us at one shelter he went to regarding an inmate (: on both occasions the social worker he dealt with about 25-28 yrs old smelt strongly of booze & dressed not much better than the inmates?
All of those shelter places with a few exceptions getting churn & burn funds as they play pass the st person. One coming in & one going out + funds taken from their social security during their stay then all over again it goes as they are moved along, laughable!

john sutton
7th November 2013, 03:40 PM
isn't the chairman of that committee keith vaz who had major problems several years ago and was banned from parliament.googled him this week and not only has he been a naughty boy but he seems to have got the job as a favour

Jim Brady
7th November 2013, 07:18 PM
Yes Keith Vaz another MP born outside of the UK,born in Aden actually, just google him and see what he has been upto.Dont just google Keith Vaz, google Keith Vaz scandal that will give you the big picture.
Regards.
Jim.B.

john gill
8th November 2013, 09:15 AM
Why do the words 'kettle, pot and black, seem to apply to this thread?

happy daze john in oz
9th November 2013, 05:01 AM
Here in Oz the last gov developed a policy where by those of little means and in dire situations and recieving benifits would be given tokens rather than money so they could only buy essentials.
But the amazing thing about some of the people using pay day lending, they all have their mobile phones, latest models, withh them.

john gill
9th November 2013, 09:45 AM
Come on John- they need their means of communication to keep track of their offshore accounts.