observer Posted March 20, 2009 Report Share Posted March 20, 2009 Seems a local loan shark has been jailed for 7 years, but not for extorting over ?800,000 per year from desperate clients; but for raping and assaulting one of them. Quote Link to comment Share on other sites More sharing options...
Paul Kennedy Posted March 20, 2009 Report Share Posted March 20, 2009 And I understand the Warrington's Trading Standards Dept were instrumental in bringing the case to court...so well done them. Quote Link to comment Share on other sites More sharing options...
Dizzy Posted March 20, 2009 Report Share Posted March 20, 2009 Saw some of this on the news today (although it didn't mention Warrington Trading Standards ) One woman had borrowed ?1500 and her debt soared to over ?13,000. She said she'd kept up repayments on the original amount but when she had no money the bloke made her take ?30 out of her childs bank account (all that was all that was in it). How on earth he managed to get a licence to lend money in the the fist place is unblievable. According the the news report his posh house will be sold and he will be left with nothing... GOOD !!!.....but I missed where the money from the sale will go.... Maybe it should go back to repay all the people he has conned with interest. Sadly one young man apparently killed himself when his ?300 loan shot up to over ?3000 in 12 weeks It's not only loan sharks that people should AVOID like the plague..... but they should also question BAILIFFS and their additional charges/threats etc if they ever call on you to retrieve outstanding debts. It's suprising how many are not actually registered as 'certified' and how many are are even used by council authorities and other large organisations. ... rest of my l o n g post just deleted as I may get locked up for telling everyone how to get one over on bailiffs . Just DON'T SIGN ANYTHING or LET THEM IN FOR A FRIENDLY CHAT.... that's all I'm saying now Unless they are from the Inland revenue or Tax as they have the powers of god and should be treated with the greatest of respect Quote Link to comment Share on other sites More sharing options...
kevofaz25 Posted March 20, 2009 Report Share Posted March 20, 2009 Perhaps we should be asking why they went to a loan shark in the first place- maybe unable to get finance from other lenders so the question must be- how responsible a borrower did they look to any prospective lender. There is an alarming tendency to borrow at any cost with little/no finacial counselling available until it is too late. A legacy from the bad days of the Thatcher government- borrow, borrow and borrow again. Quote Link to comment Share on other sites More sharing options...
Peter T Posted March 20, 2009 Report Share Posted March 20, 2009 There is an alarming tendency to borrow at any cost with little/no finacial counselling available until it is too late. A legacy from the bad days of the Thatcher government- borrow, borrow and borrow again. Sounds more like Labour given the current financial debacle. Quote Link to comment Share on other sites More sharing options...
observer Posted March 20, 2009 Author Report Share Posted March 20, 2009 A legacy that continued with NuLab, until "the Crash" Quote Link to comment Share on other sites More sharing options...
asperity Posted March 20, 2009 Report Share Posted March 20, 2009 There is an alarming tendency to borrow at any cost with little/no finacial counselling available until it is too late. A legacy from the bad days of the Thatcher government- borrow, borrow and borrow again. I think you will find that loan sharking goes back way before Maggie was even born, but don't let me rob you of the delusion that everything in the garden was perfect before the evil Thatcher came along!! Quote Link to comment Share on other sites More sharing options...
observer Posted March 20, 2009 Author Report Share Posted March 20, 2009 Correct - but we supposedly have "moved on" since then - alas, it seems we havn't. This guy should have been closed down, as soon as his first victim clocked the interest charge rate, similarly something they should have done with the banks "giving away" money to folk who couldn't afford the re-patments - might have saved us from this economic mess we're now in. Quote Link to comment Share on other sites More sharing options...
Lt Kije Posted March 22, 2009 Report Share Posted March 22, 2009 Things are looking up I agree with asperity and observer on this but I do think Maggie made it worse Quote Link to comment Share on other sites More sharing options...
Eagle Posted March 22, 2009 Report Share Posted March 22, 2009 Loo, I would blame Maggie for United losing yesterday but that would make me as daft as you. Quote Link to comment Share on other sites More sharing options...
asperity Posted March 22, 2009 Report Share Posted March 22, 2009 Well no suprise there then Quote Link to comment Share on other sites More sharing options...
Lt Kije Posted March 22, 2009 Report Share Posted March 22, 2009 I'm sure I put a wink in my post Are your eyes getting dim eagle Quote Link to comment Share on other sites More sharing options...
Sha Posted March 22, 2009 Report Share Posted March 22, 2009 Asperity is correct in saying loan sharks go way back, unfortunately there has always been this particular breed of scum who prey on the poor and destitute. Kevofaz 25 writes; "Perhaps we should be asking why they went to a loan shark in the first place- maybe unable to get finance from other lenders so the question must be- how responsible a borrower did they look to any prospective lender" I agree we should be asking why they went to a loan shark in the first place, but I think the answer would be it that it was more through desperation rather than being 'irresponsible'. Perhaps you didn't mean it in quite that context Kevofax? The tendency to blame the poor for their own poverty, blame the unemployed for the lack of employment opportunities etc. etc. etc. is a legacy from the Thatcher years but one which was whole-heartedly embraced by Blair and is being continued by Brown. There is a sickening disregard, by politicians, of the poorest members of our society and there seems little point arguing who initiated it as all three major parties belong to this particular breed. Who will they blame for the present financial chaos? Will they ever accept any responsibility? Quote Link to comment Share on other sites More sharing options...
observer Posted March 22, 2009 Author Report Share Posted March 22, 2009 They're too busy ripping off their expenses! Quote Link to comment Share on other sites More sharing options...
asperity Posted March 22, 2009 Report Share Posted March 22, 2009 Unfortunately the people who become victims of loan sharks are the ones who can least afford it. They are also victims of store cards which offer to let you have all these wonderful things now and pay later. The problem is the pay later comes with outrageous interest rates that leave the poor even worse off and even more prone to exploitation by loan sharks. And so the vicious cycle goes. Quote Link to comment Share on other sites More sharing options...
Bazj Posted March 22, 2009 Report Share Posted March 22, 2009 of course crime pays..... look at our political masters and that will tell you all you need to know about crime paying! Quote Link to comment Share on other sites More sharing options...
observer Posted March 23, 2009 Author Report Share Posted March 23, 2009 It's called "leading by example" Baz! Quote Link to comment Share on other sites More sharing options...
Lt Kije Posted March 23, 2009 Report Share Posted March 23, 2009 I'm doomed I completely agree with asperity Good post asperity Quote Link to comment Share on other sites More sharing options...
Dizzy Posted March 23, 2009 Report Share Posted March 23, 2009 We are all doomed Quote Link to comment Share on other sites More sharing options...
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