Anyone read The Sun- re couple on benefits

[TeaFan]

What a silly remark.

 

Is it disgusting that a large proportion of the benefit bill is paid to people in work because their employers do not pay enough for them to survive without these benefits?

 

Are you still a Labour Party member Max? I have a real problem with the way the Labour Party, after 1997, stopped supporting workers to fight for better pay and instead made up their income with tax credits. It was essentially corporate welfare on a huge scale - don't worry about paying your workers a living wage; you continue to pay huge salaries to your board and keep increasing the dividends to shareholders, we'll get the taxpayer to take up the slack.

 

I have plenty of work experience, have always been in work, have a degree, am good at what I do and am employable. Ditto for Mrs. TeaFan. And yet, having a child in nursery, we depend on tax credits. We'd be screwed without them, because wages aren't high enough, which is because the money has been steadily shifting to the rich, who hoard it and don't pay tax. It's madness.

[Vague_Boy]

Anyone read The Sun

 

Not me.

 

 

 

Why focus on the tiny minority and ignore the real tradegy of millions unemployed with a government of millionaires doing great.

 

There were millions unemployed prior to the last General Election y'know.

 

And Tony Blair has more money than Cameron and Cleggy combined.

 

Grin and share it: Former PM Tony Blair alleged to have earned up to £80million since 2007

[TeaFan]

I have to laugh at people who slate these pay day loan companies. No one is forced to use them , no one has a gun held to their heads. You know how high the interest rate is before you take out a loan . People make their own decisions to use pay day loan companies. NO ONE IS FORCED TO USE THEM.

 

These companies charge very high interest rates yes, but people do not have to use them ,they do it through choice.

 

In a way you're right. People are forced to borrow from sources other than banks if they need to borrow less than a few thousand pounds, but they could (and should) use a credit union rather than the likes of Wonga.com. Unfortunately credit unions don't have big advertising budgets so they struggle to compete in the market.

 

People on low incomes, often in work, do need to borrow sometimes. Boiler breaks down, the car needed to get to work breaks down (hit a pot hole maybe ), family member dies and needs a funeral, that sort of thing. But start saving with your local credit union, don't go to payday loan sharks.

[Penistone999]

In a way you're right. People are forced to borrow from sources other than banks if they need to borrow less than a few thousand pounds, but they could (and should) use a credit union rather than the likes of Wonga.com. Unfortunately credit unions don't have big advertising budgets so they struggle to compete in the market.

 

People on low incomes, often in work, do need to borrow sometimes. Boiler breaks down, the car needed to get to work breaks down (hit a pot hole maybe ), family member dies and needs a funeral, that sort of thing. But start saving with your local credit union, don't go to payday loan sharks.

 

I couldnt agree more. There are alternatives to pay day loan companies. But some people slate these companies purely because of the interest rates they charge. They are free to charge what ever interest they want ,and tend to charge high interest because of the risk involved to themselves because usually people who borrow from them cant use banks as they are seen as high risk. You cant blame these pay day loan companies for charging what they do , its their choice ,just as it is the choice of the public weather to use these companies or not. .

[KeefisGod]

I couldnt agree more. There are alternatives to pay day loan companies. But some people slate these companies purely because of the interest rates they charge. They are free to charge what ever interest they want ,and tend to charge high interest because of the risk involved to themselves because usually people who borrow from them cant use banks as they are seen as high risk. You cant blame these pay day loan companies for charging what they do , its their choice ,just as it is the choice of the public weather to use these companies or not. .

Maybe you're right you can't blame banks/payday lenders whatever they are and it's the same with bookies - you can't blame them but the odds are massively stacked in their favour. Their aim in life is to take as much money as they can from everybody else. You can blame successive governments for easing regulations so much that almost anybody can borrow any amount without any security. I remember my first car loan and the bank insisted I paid a reasonable deposit before they loaned the rest which they sent straight to the seller. They made sure I could afford it. The problem is that these days even the hardest working can find it difficult to make ends meet and are tempted by the millions upon millions these companies spend on TV ads - they are scum bags and parasites -- but you can't blame them can you?

[bongo_fish]

A tip to the op....Don't believe anything you read in the Sun:gag:

 

this is true, alot the suns story's are complete BS

[EASTWOOD141]

A tip to the op....Don't believe anything you read in the Sun:gag:

 

I agree that's why I read the Beano.

[gnvqsos]

Maybe you're right you can't blame banks/payday lenders whatever they are and it's the same with bookies - you can't blame them but the odds are massively stacked in their favour. Their aim in life is to take as much money as they can from everybody else. You can blame successive governments for easing regulations so much that almost anybody can borrow any amount without any security. I remember my first car loan and the bank insisted I paid a reasonable deposit before they loaned the rest which they sent straight to the seller. They made sure I could afford it. The problem is that these days even the hardest working can find it difficult to make ends meet and are tempted by the millions upon millions these companies spend on TV ads - they are scum bags and parasites -- but you can't blame them can you?

 

Its freedom of choice:hihi:

[TeaFan]

I couldnt agree more. There are alternatives to pay day loan companies. But some people slate these companies purely because of the interest rates they charge. They are free to charge what ever interest they want ,and tend to charge high interest because of the risk involved to themselves because usually people who borrow from them cant use banks as they are seen as high risk. You cant blame these pay day loan companies for charging what they do , its their choice ,just as it is the choice of the public weather to use these companies or not. .

 

I think you can blame someone for profiting from others' misfortune and ignorance. In other situations that's called exploitation. I would go for the term 'usurous ****s'

[Plain Talker]

I couldnt agree more. There are alternatives to pay day loan companies. But some people slate these companies purely because of the interest rates they charge. They are free to charge what ever interest they want ,and tend to charge high interest because of the risk involved to themselves because usually people who borrow from them cant use banks as they are seen as high risk. You cant blame these pay day loan companies for charging what they do , its their choice ,just as it is the choice of the public weather to use these companies or not. .

 

Actually I slate them because they prey on the financially illiterate, and the desperate. At least Dick Turpin wore a mask!

 

Yes, the interest rates are beyond obscene, and yes, they are free to be as usurous (thanks teafan!) as they wish, however, I disagree that across the board, the people using them are free to do so, or not. Sometimes, it's sheer desperation, whether they need it for shoes for the kids, or even "luxuries", such as putting food on the table.

 

The door-steppers type companies (like Shopachek or KDS) are as guilty of usury as the companies like Payday or Wonga (wRong-a?).

 

There is no need for them to charge interest rates as high as they do.

IMO, they should have legislation about the maximum rates they can charge. Store-cards are bad enough at 30-odd per cent interest:- why do these payday loan/ door stepper companies need to charge 100 times that?