UK residents do you feel the increase in loan companies offering "extremely"
high interest ,fast, cash -cont ? cont- loans are little better than sharks in the present financial climate ? And should the government start taking out action on the banks which are in debt to us for not offering loan extensions to those whom are finding short term finances difficult thus forcing some into rashly going to these "reputable"? loan companies ie wonga.com etc etc. It is I feel a disgrace that on one hand banks are playing the numbers game again by claiming loans are once again available and yet the government has allowed this practice of pay packet loan-day system into Britain, ie in the USA the law had to be changed against these companies lending to members of the military because 70% of some units where in legal financial debt due to the rapid interest growth on small loans.
high interest ,fast, cash -cont ? cont- loans are little better than sharks in the present financial climate ? And should the government start taking out action on the banks which are in debt to us for not offering loan extensions to those whom are finding short term finances difficult thus forcing some into rashly going to these "reputable"? loan companies ie wonga.com etc etc. It is I feel a disgrace that on one hand banks are playing the numbers game again by claiming loans are once again available and yet the government has allowed this practice of pay packet loan-day system into Britain, ie in the USA the law had to be changed against these companies lending to members of the military because 70% of some units where in legal financial debt due to the rapid interest growth on small loans.