The Musings Of An Opinionated Sod [Help Me Grow!]

The Only Thing Cheap About Pay Day Loan Firms Are Their Puns …
July 20, 2015, 6:15 am
Filed under: Corporate Evil

… and yet, I still find this less offensive that this.


20 Comments so far
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Comment by John

look at doddsy being down with the kids. like jimmy saville.

Comment by andy@cynic

and yes i fucking had to look it up to find out what it meant and that means im not a fucking sad bastard not and old bastard.

Comment by andy@cynic

This news comes as relief to me.

Comment by DH

Maybe you’ll have time to read this John.

Comment by Rob

i admire how they focused on having a massive sign that says what they do not who they are. they know their audience because they are scum fucking parasites who trade off other peoples misery. like marketing departments.

Comment by andy@cynic

Not long but still boring.

Comment by DH

Guessing they’re not in the rich part of town. But in limeyland, you can never tell.

Comment by Billy Whizz

The irony being the moment you sign up, you got from not being “aloan’ to “a loan”. That space makes all the difference.

Comment by Pete

I don’t think they’ll really care Pete.

Comment by Rob

Even the no entry sign is fainting at their audacity.

Comment by Lee Hill

Our insight was that people want to be treated as people and not a number. By telling their potential clients that they are not a loan, the execution speaks to this need to be acknowledged.

Subsequently, human tragedies in the area rose by 150%. Effectiveness awards, here we come.

Comment by Sam the strategist.

That is depressing in its case study film accuracy.

Comment by DH

So, I should demand a promotion to CSO?

Comment by Sam the strategist.

The tragedy of this, as with your linked post about Legal Thieves, is that the people targeted are those less likely or able to understand what 1276% APR actually means.
As criminal as this profiteering is, I suggest it’s more criminal that individuals living surrounded by this shit are not self-aware, or free enough to take a better course of action than sign the agreements.
That Wonga/QuickQuid or even doom bringers like BrightHouse have been able to build such strong markets is a reflection of the idiocracy that each of us are enabling, more than simple devious businesses duping ‘the public’ out of money.

Comment by adam bujons

Imagine you’re right with what you say – and there probably will be some people who back your view up – there are many who are in situations where they simply have no choice than to accept it to survive, even when they know the implications of such outrageous APR. The fact they still choose this method rather than turn to theft or other illegal acts is to be respected rather than ridiculed.

I think what you’re saying is true to those who turn to payday loan firms to fund a lifestyle they can’t afford or don’t want to wait for. To people who have no other option to just put some food on their families table – who I’d argue are in the majority – then I’d say your view is cold, insensitive and naive.

Comment by Rob

Great speedy response Rob. I am the worst kind of cynic. Having taught financial literacy financial studies to teens and adults for 6 years, I met hundreds of adults of all ages who found themselves resorting to these deplorable businesses for personal finance, and not one example of “no choice than to accept it o survive”, and few who even questioned or knew what APR they were paying or what it meant. Many of those I met had exhausted other lines of credit to support some distant purchase / bad decision, others succumbed to pride and failed to explore more long-term / difficult routes to better financial health. And a vast number of younger people (under 25’s) took advantage of quick easy to access money, rather than waiting, saving, following a harder more involved route.
The benefits of working with individuals over a period of time, as teacher, is gaining an insight into the real motives of people in dire situations. Maintaining a relationship long enough for people to drop their guard, forget the details of many of their lies and finally be able to work on the real underlying problems behind long-term unemployment, financial exclusion or feelings of isolation and paranoia.
The real point behind my initial response isn’t to ridicule; rather to highlight the need of all members of society to better understand and take responsibility for our actions.
Companies exist to exploit the demand for their products. If all of my previous students took time to examine what their situation was before it escalated (rather than avoiding truths and searching for an easy out) these companies would go bust.
Can you imagine how tough it was for these guys, having sunk to the bottom of the credit ladder, they get stuck with this kind of shit for 6 months! I only hope some of the many teenagers who endured a year of my financial studies courses found the examples and ‘what ifs’ more future proofing…?

Comment by adam bujons

id hate to see what youre like when you do want to ridicule because youre coming across as self righteous, patronizing and arrogant as fuck. who were these kids and adults you were teaching? why did they end up being with you? where were you teaching and why?

do people have choices? sure they fucking do. do they know it? no. because most of the poor fuckers are trying to find a way to help their family survive another day and cant make the time to go to financial school and be patronized by someone who thinks theyre all impatient liars who need to buckle down and get a job and start saving.

if the teaching doesnt work out, you could run for republican or conservative party representation.

Comment by andy@cynic

Angry as hell huh.
My point is our focus, societally, should be on increasing education to all, so that people don’t get into these states. Thanks for pointing out what a fuck I must be to share honest stories of my experience. My comment was about sharing these skills at early stages of socialising – in school beside English, Maths and Science – rather than refusing to talk sensibly about finances until early adulthood. Mainly due to the fear of talking about money by academics.
Sorry to upset your day, my initial comment:
“it’s more criminal that individuals living surrounded by this shit are not self-aware, or free enough to take a better course of action than sign the agreements.”
refers to the lack of interest among leaders, thereby, lack of support at grass roots, to introduce these ideas earlier (that banks and lenders are happier making profit this way, rather than through actually supporting low-income families or the financially excluded). Surely this wider acceptance of money matters would help reduce many of the problems individuals experience.

Comment by adam bujons

if you said that at the beginning id agree with you but you didnt, you spoke like some condescending prick who thinks the poor are to blame for all their own shit.

Comment by andy@cynic

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