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Legal, pensions and money

Pay day loans.

(42 Posts)
HUNTERF Wed 06-Mar-13 17:36:59

I was walking up Erdington High Street today and I was handed a leaflet advertising pay day loans at an interest rate of 4028%.
I thought it was unlawful to stand out on the street advertising these loans and in any case the should not be targeting poor people like me,

Frank

bluebell Wed 06-Mar-13 17:40:10

Stop winding us up Frank!

Elegran Wed 06-Mar-13 17:40:48

Report them to the Trading Standards people, Frank.

You do not sound like one of the people that payday loans are mostly aimed at - really poor people who do not have enough money left to last until payday. That is how they catch them and then charge them a vast amount for their loan.

Nonu Wed 06-Mar-13 17:50:52

I thought you lived in a smart part of Birmingham , would not call Erdington smart .

Perhaps just me though .

wink

Nonu Wed 06-Mar-13 17:52:04

And again ,

wink

Anne58 Wed 06-Mar-13 17:52:10

The pay day loans issue was being covered today on Radio 4.

Frank in this instance I would query the use of "targeting poor people like me*. Unless you were wearing a hi viz tabard with the words "Poor Person" emblazoned on it, I don't think you could lay claim to the phrase you used and that I have quoted in my response.

I think that people who hand out flyers in the street do so in a random way, and therefore unless you were actually wearing the tabard or had some other identifying signs about your person, you were not actually targeted.

HUNTERF Wed 06-Mar-13 18:10:30

Hi Nonu

I wanted a new light and there are 2 good light shops in Erdington and they are reasonably priced.
When I walked up the High Street I saw a brush and the 1 I had at home had seen better days.
I also got married to my late wife in Erdington.
She attended the St Barnabus Church in the High Street but I wanted to go to the United Reform Church in Sutton Coldfield.
We went to my church one week and the next week we went to her church and this continued.

Frank

HUNTERF Wed 06-Mar-13 18:12:32

Nono

The shops did not ask me where I was from and they accepted my London pension money in payment.

Frank

Nonu Wed 06-Mar-13 18:17:11

Still , Erdington is still aways from the Smart part , unless you count Sutton Coldfield as smart .

I have heard rumour that it is not like it used to be.

Nonu Wed 06-Mar-13 18:20:19

Well they would , they are hardly going to ask if the money came from a london pension Plan.

absent Wed 06-Mar-13 18:23:54

Surely, the whole reason for payday loans is to target poor people, although I am not sure that you constitute a "poor people" HUNTERF. But then people handing out leaflets are doing a pretty breadline job themselves so they just dish them out to anyone who'll take them – even property owners with nice cars.

Nonu Wed 06-Mar-13 18:38:52

Adieu , one and all , off to a "Smart " part of Birmingham ,tommorrow , ie Bournville . To see DD , SIL and GC .

Bye for now .

moon

HUNTERF Wed 06-Mar-13 18:43:48

Hi Nonu

My friend inherited a house in Bournville and wished he could have kept it.
Unfortunately it was not convenient for his own and his wife's work.

Frank

Galen Wed 06-Mar-13 18:51:04

I had digs in blur vile when I was a student.

Galen Wed 06-Mar-13 18:52:51

It might have been a blur when I was there, but I typed ! Honest!

Galen Wed 06-Mar-13 18:53:36

It's gone!!!!!!!!!!
iPad does not like Bourneville.

HUNTERF Wed 06-Mar-13 19:02:04

Galen

How can you afford an iPad.
I have only got 1 lap top

Frank

Galen Wed 06-Mar-13 19:07:58

I saved my money and put it into my pension frank I also bought avc's.
I also have a macpro, an iPhone and have just taken delivery of my Bose wave!
This is my third iPad. I sold one to a friend and gave the other to my DD!
Why?

annodomini Wed 06-Mar-13 19:23:11

Galen that is such an impertinent question that I'm surprised you didn't tell him to mind his own xxxxing business. hmm

Galen Wed 06-Mar-13 19:29:33

He's not the o ly one who's saved, although he seems to think he is!
Should I tell him how much my house is worth and how much I spend on cruises, clothes and jewellery as well?

Anne58 Wed 06-Mar-13 19:33:33

Frank you're doing it again, I did raise this matter on a previous thread.

HUNTERF Wed 06-Mar-13 19:35:01

Hi Galen

A lot of people have saved but according to what I have read the majority have not got a lot of private pension.
I only hope people who have saved for a pension will not be penalised for people who have not.

Frank

HUNTERF Wed 06-Mar-13 19:38:05

I have just seen this

http://money.uk.msn.com/socialvoices/payday-loans-who-cares-about-1000percent-aprs

Frank

Galen Wed 06-Mar-13 19:38:16

Sometimes ones occupational pension is sufficient ,private pensions can be saved for when needed.
I have no objection to paying tax to pay for those who have not had my opportunities. I think a tone that does object is a selfish specimen!

Galen Wed 06-Mar-13 19:39:13

a person that does object etc