GordonD Posted October 25, 2019 Share Posted October 25, 2019 With QuickQuid out of the picture, what are Sevco going to do? I remember a few years ago one of the loan sharks companies had a TV advert showing a guy on a tightrope carrying a big stack of boxes. Along come the loan people and magically reduce his load to just one wee box. Of course to be accurate the ad should then have shown that the tightrope was now five miles long... 3 Quote Link to comment Share on other sites More sharing options...
Ross. Posted October 25, 2019 Share Posted October 25, 2019 5 minutes ago, GordonD said: With QuickQuid out of the picture, what are Sevco going to do? I remember a few years ago one of the loan sharks companies had a TV advert showing a guy on a tightrope carrying a big stack of boxes. Along come the loan people and magically reduce his load to just one wee box. Of course to be accurate the ad should then have shown that the tightrope was now five miles long... Going back a long time now but I worked for a bank selling personal loans for a while. One of the easiest ways to boost numbers and meet targets was to suggest consolidating other debts. You would be paying out less per month, but over the long term you'd be paying out far more. We were even trained to check bank accounts for DD's going out to obvious places and to bring it up during the conversation. Not just the pay day lenders who were balls deep in that sort of scam. 2 Quote Link to comment Share on other sites More sharing options...
supermik Posted October 25, 2019 Share Posted October 25, 2019 Always knew it would go tits up after signing up Eugene Thundercunt for their adverts. Also take a single penny from these fukers and you can kiss possibly ever getting a mortgage 0 Quote Link to comment Share on other sites More sharing options...
List_of_Jericho Posted October 25, 2019 Share Posted October 25, 2019 I got myself into a right mess with these in my younger (wee fud) days. Managed to get a good bit of cash back off a couple of the companies earlier this year, was waiting on an Ombudsman ruling on my case with QQ but the adjudicator sided with me, he reckoned I was due the best part of £4k, frightening! 1 Quote Link to comment Share on other sites More sharing options...
Nutz_the_Squirrel Posted October 25, 2019 Share Posted October 25, 2019 Ban them all, invest in getting families out of poverty, create more job opportunities for younger people, introduction of family budgeting skills in school and free courses for adults, for starters. Not the most popular policies so will never happen. 1 Quote Link to comment Share on other sites More sharing options...
Thistle_do_nicely Posted October 25, 2019 Share Posted October 25, 2019 Credit union's are great, and if I were ever needing short term finance that'd be my first port of call. I'm not sure they're as quick to lend out cash but I really like them as a concept. I think there was some sort of short-term loan scheme up to a max of £200 with a very low interest rate that might have been funded by Glasgow City Council, largely to combat predatory pay day lenders? 0 Quote Link to comment Share on other sites More sharing options...
54_and_counting Posted October 25, 2019 Share Posted October 25, 2019 (edited) 5 hours ago, Ross. said: The public sector is at “Breaking point” through no reason linked to the actual finances of the public sector. It’s entirely politically designed. Not everyone using this service would be bad debtors. There would are plenty of people who have no credit history to speak of who would use it to build that credit history, instead of being charged 5/6 times the going rate, simply because they have no history to speak of. If people are eligible for loans elsewhere, they can go elsewhere. This is not designed to be a commercial enterprise, it would be a public service for those who need it. I’m not advocating a bank that will allow folk to simply run up debt. I’m advocating a public service that helps educate the public and breaks the hold that high interest lenders have on large numbers of the population. You call it a public service, but the end up it would simply a government bank, paid for by the taxpayers for people who cannot get credit elsewhere All it takes is one person to rip the arse out of the system and its a fail because of how its funded Theres plenty of ways to build a credit history, cable/sky tv, mobile phone contracts, all easily available to people with little or low credit score (i used both methods to improve mine after i fucked mine when i was younger) Getting almost free money isnt the way to go no matter how much education you give with it, Edited October 25, 2019 by 54_and_counting 0 Quote Link to comment Share on other sites More sharing options...
speckled tangerine Posted October 25, 2019 Share Posted October 25, 2019 Surely the smart kids are making bogus universal credit claims using stolen details of the neighbourhood sadcase. Declare 5 disabled kids. Grand a month rent. 1200 pound advance. Mind and buy dwayne dibley a milky bar for his troubles. 0 Quote Link to comment Share on other sites More sharing options...
cb_diamond Posted October 25, 2019 Share Posted October 25, 2019 Interesting to see what Div's advert guys had on either end of this thread... 0 Quote Link to comment Share on other sites More sharing options...
anotherchance Posted October 25, 2019 Share Posted October 25, 2019 I took payday loans out 10 years ago or so and kept getting extensions every month. Was living beyond my means and in a right mess.Sorted myself out and forgot about it till I saw an advert last year about reclaiming the fees, so I applied and a few weeks later I got awarded £2.5k which paid for a holiday. The company went bust a few weeks later, so I was pretty lucky to get anything. Had a claim in with Wonga too but they went tits so I’ll be lucky to get much at all from the creditors agreement.Utter stupidity/naivety at the time but glad to get something back from it. 1 Quote Link to comment Share on other sites More sharing options...
Benjamin_Nevis Posted October 26, 2019 Share Posted October 26, 2019 Glorious to see these c***s going to the wall. I get a lot of folk with debts to these types of companies looking for help. The best advice is to just rubber them. They're absolutely fucking toothless unless you owe them over £3000. 0 Quote Link to comment Share on other sites More sharing options...
DA Baracus Posted October 26, 2019 Share Posted October 26, 2019 49 minutes ago, Day of the Lords said: Glorious to see these c***s going to the wall. I get a lot of folk with debts to these types of companies looking for help. The best advice is to just rubber them. They're absolutely fucking toothless unless you owe them over £3000. Is that the best advice? It would f**k your credit record surely? 0 Quote Link to comment Share on other sites More sharing options...
Benjamin_Nevis Posted October 26, 2019 Share Posted October 26, 2019 Is that the best advice? It would f**k your credit record surely? Most folk are deep into Payday loans because they have a fucked credit file and can't get credit from anywhere reputable. By the time folk come to us they're not worried about their credit file tbh 1 Quote Link to comment Share on other sites More sharing options...
LondonHMFC Posted October 26, 2019 Share Posted October 26, 2019 For anyone who is in trouble with these sort of companies, best people to speak to are StepChange, a really helpful organisation who can help you get back on your feet. Totally free service. As a couple of others have mentioned, you can now chase some of the money back from these PDL companies, you can do it through numerous companies who will charge a fee, but it is easy enough to do yourself. If anyone is needing a hand, let us know (I shan't ask for your Account and Sort Code number). 1 Quote Link to comment Share on other sites More sharing options...
Benjamin_Nevis Posted October 26, 2019 Share Posted October 26, 2019 3 minutes ago, LondonHMFC said: For anyone who is in trouble with these sort of companies, best people to speak to are StepChange, a really helpful organisation who can help you get back on your feet. Totally free service. As a couple of others have mentioned, you can now chase some of the money back from these PDL companies, you can do it through numerous companies who will charge a fee, but it is easy enough to do yourself. If anyone is needing a hand, let us know (I shan't ask for your Account and Sort Code number). Also CAB and if you have a local Welfare Rights service who provide a debt advice service (not all of them do depending on the local authority). Stepchange provide a useful advice service, but I'm sceptical over them when it comes to DAS. 2 Quote Link to comment Share on other sites More sharing options...
DA Baracus Posted October 26, 2019 Share Posted October 26, 2019 1 hour ago, Day of the Lords said: 1 hour ago, DA Baracus said: Is that the best advice? It would f**k your credit record surely? Most folk are deep into Payday loans because they have a fucked credit file and can't get credit from anywhere reputable. By the time folk come to us they're not worried about their credit file tbh True. Makes sense. 20 minutes ago, LondonHMFC said: For anyone who is in trouble with these sort of companies, best people to speak to are StepChange, a really helpful organisation who can help you get back on your feet. Totally free service. As a couple of others have mentioned, you can now chase some of the money back from these PDL companies, you can do it through numerous companies who will charge a fee, but it is easy enough to do yourself. If anyone is needing a hand, let us know (I shan't ask for your Account and Sort Code number). So many of them are going out of business because they're getting hammered with having to refund some money back to so many customers. Great to see. 0 Quote Link to comment Share on other sites More sharing options...
Benjamin_Nevis Posted October 26, 2019 Share Posted October 26, 2019 1 minute ago, DA Baracus said: True. Makes sense. So many of them are going out of business because they're getting hammered with having to refund some money back to so many customers. Great to see. It's tremendous. Frankly successive governments haven't done nearly enough to deal with these c***s. Many of the "UK" companies are simply fronts for much larger US-based companies. They're also staffed by fucking morons, which can make for good sport when we need to speak to them on the phone 0 Quote Link to comment Share on other sites More sharing options...
ICTChris Posted October 26, 2019 Author Share Posted October 26, 2019 Looking forward to Day of the Lords getting made redundant due to no-one rooking themselves with Uncle Bucks Cash Loans, being unable to pay his rent and having to take a loan from a sadistic Kirriemuir gangland loan shark to cover himself.I’m not really looking forward to it tbh. And Uncle Bucks was a real company, I’m sure they are very reputable. You’d probably be better off with a gangster. 1 Quote Link to comment Share on other sites More sharing options...
DA Baracus Posted October 26, 2019 Share Posted October 26, 2019 19 minutes ago, ICTChris said: Looking forward to Day of the Lords getting made redundant due to no-one rooking themselves with Uncle Bucks Cash Loans, being unable to pay his rent and having to take a loan from a sadistic Kirriemuir gangland loan shark to cover himself. I’m not really looking forward to it tbh. And Uncle Bucks was a real company, I’m sure they are very reputable. You’d probably be better off with a gangster. It's Uncle Buck (singular) and they still exist. I still have a log in for them! 0 Quote Link to comment Share on other sites More sharing options...
LondonHMFC Posted October 26, 2019 Share Posted October 26, 2019 1 hour ago, Day of the Lords said: Also CAB and if you have a local Welfare Rights service who provide a debt advice service (not all of them do depending on the local authority). Stepchange provide a useful advice service, but I'm sceptical over them when it comes to DAS. In fairness, must be around 6/7 years since I used them, and CAB were the guys who recommended them at the time. MoneySavingExpert have a Debt Forum which is also really handy if you need pointing in the right direction. 0 Quote Link to comment Share on other sites More sharing options...
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