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Miliband would impose levy on pay day lenders.


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Surely that'd lead to a return of black market lenders, 'loan sharks' with even higher rates & stronger enforcement.

 

As bad as these companies are they don't injure their borrowers for non-payment.

 

It depends what you mean by injure

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Surely that'd lead to a return of black market lenders, 'loan sharks' with even higher rates & stronger enforcement
It may or may not, unfortunately my crystall ball is FUBAR'd.

 

In any case, that would then be a matter of (police-) enforcement. As said black market lenders would liable to lose their debt and a criminal sentence (for providing the loan in the first place, no need to prove intimidation etc.)

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