tag:blogger.com,1999:blog-1141932539860553199.post9067370914256513398..comments2024-03-05T10:52:24.691+00:00Comments on Mark Wadsworth: "Warning for rogue payday loan firms"Mark Wadsworthhttp://www.blogger.com/profile/07733511175178098449noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-1141932539860553199.post-52884478930592998312014-04-01T18:18:16.519+01:002014-04-01T18:18:16.519+01:00L, I thought a post about FCA might cheer you up. ...L, I thought a post about FCA might cheer you up. <br /><br />JM, a most excellent point - which is why the government shut down the "emergency loans for people on welfare" scheme, to drum up business for loan sharks. <br /><br />A, another excellent point. The biggest firms love regulations really, they cost them a bit of money but they protect them from the competition.Mark Wadsworthhttps://www.blogger.com/profile/07733511175178098449noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-43475857792704223912014-04-01T14:19:29.700+01:002014-04-01T14:19:29.700+01:00All these regulatory bodies have one thing in comm...All these regulatory bodies have one thing in common and that is to make life easier for them and those they employ regardless of the damaging effects of their policies and practices have on the customers of those they regulate. Fewer providers means less numbers to police so by extension making life so much more easy for them. In effect they are responsible for the reduction in competition and therefore choice which leads to everyone having to purchase goods and services that are not of good quality or value for money. When will those who govern us learn that they have only one role and that is to keep us secure externally and internally so that all act honestly and fairly. Not to interfere with markets so that competition is reduced because it is only by a wide choice of providers will the customers be able to pick and choose to obtain that most benefits them. Antistheneshttps://www.blogger.com/profile/10120647617145756102noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-43693359808562973422014-04-01T13:34:13.448+01:002014-04-01T13:34:13.448+01:00Meanwhile in page May 2014, we report on the discr...Meanwhile in page May 2014, we report on the discrimination faced by poor people: denied credit by the banks and forced to go to loan sharks.JohnMhttps://www.blogger.com/profile/05696206173235574775noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-44674545074803696612014-04-01T08:36:40.375+01:002014-04-01T08:36:40.375+01:00Someone I know whose judgement is sound has met Wh...Someone I know whose judgement is sound has met Wheatley and reckons he's a ****Lolahttps://www.blogger.com/profile/04586735342675041312noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-49110395804859810172014-04-01T08:01:57.535+01:002014-04-01T08:01:57.535+01:00Kj, no!
Debt to buy a house = good debt.
Debt to...Kj, no!<br /><br />Debt to buy a house = good debt. <br />Debt to buy anything else = bad debt.<br /><br />Because if people owe money for other things, they will find it difficult to borrow to buy a house.Mark Wadsworthhttps://www.blogger.com/profile/07733511175178098449noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-72921257920306758342014-04-01T07:58:39.837+01:002014-04-01T07:58:39.837+01:00The new regime is designed to force them to lend o...<i>The new regime is designed to force them to lend only to those who can afford it.<br /><br />"What we are concerned about are the people who frankly shouldn't be lent to, who can't afford the loans and who then get rolled over and get pushed ever further into a debt cycle," said Mr Wheatley.</i><br /><br />Funny about the different standards they apply to different kinds of debt isn't it?Kjhttps://www.blogger.com/profile/13530243002915410700noreply@blogger.com