BBC 3 Documentary Young, British And Broke focusing on Rochdale

View previous topic View next topic Go down

BBC 3 Documentary Young, British And Broke focusing on Rochdale

Post  hawkins on Mon Dec 09, 2013 2:32 pm



Did anyone see this documentary on pay day loans last week? Just wondered what people thought of it focusing on Rochdale and what experiences people have had with the pay day lenders.


hawkins

Posts : 3
Join date : 2013-12-06

Back to top Go down

Re: BBC 3 Documentary Young, British And Broke focusing on Rochdale

Post  Chill37 on Mon Dec 09, 2013 2:43 pm

hawkins wrote:Did anyone see this documentary on pay day loans last week? Just wondered what people thought of it focusing on Rochdale and what experiences people have had with the pay day lenders.


They should all be banned, along with log book loan shops.  At least Dick Turpin had the gumption to wear a mask.  The people behind these shops prey on the weak and vulnerable.  The owners of pay day loans bleat they are responsible etc. Liars is one word.  Can anyone tell me have any of these Loan Sharks ever justiified their 1000's% rates.   In my eyes the only thing that sets these 'legal' loans apart from illegal loan sharks is that Wonga wont send the boys around and menace you at the door.  I am utterly amazed how in this day and age vultures and leeches like these are allowed to operate.  They even advertise targeting children as the next generation with catchy themes and 'lovable' mascots.

I even read that if someone uses them and even though they pay the cash back - it can even prevent them ever getting a mortgage.  You dont see that advertised.  

Plus why am I not surprised that Rochdale was covered in the programme.  As in the Child Abuse thread,  Rochdale is fast becoming the bench mark for all things crap- for want of a better word.



Chill37
Officer of the Watch
Officer of the Watch

Posts : 742
Join date : 2012-09-05

Back to top Go down

Re: BBC 3 Documentary Young, British And Broke focusing on Rochdale

Post  Hinch on Mon Dec 09, 2013 3:13 pm



I am 63 now and every government of every political hue that I can remember has vowed to do something about high interest rates. The result of their inaction? Pay day lenders, log book loan companies and the rest charging circa 3000% interest.

There is BIG money to be made out of poverty and desperation. Research has shown that about a third of their customers are using this to buy food. Scandalous. Even Charles Dickens never imagined this level of usuary.




Last edited by Hinch on Mon Dec 09, 2013 7:39 pm; edited 1 time in total
avatar
Hinch
Spaceship Commander
Spaceship Commander

Posts : 1927
Join date : 2012-09-05
Location : Stradhoughton

Back to top Go down

Re: BBC 3 Documentary Young, British And Broke focusing on Rochdale

Post  hawkins on Mon Dec 09, 2013 3:33 pm



Just to clarify, I'm a journalist which is why I'm interested in the reaction to this programme. I won't quote anyone unless they are happy to be quoted, I would just like to know the general opinion of pay day lenders in the area.


hawkins

Posts : 3
Join date : 2013-12-06

Back to top Go down

Re: BBC 3 Documentary Young, British And Broke focusing on Rochdale

Post  Hinch on Mon Dec 09, 2013 3:37 pm



I think that people should use credit unions which encourage saving coupled with responsible lending, plus the money stays in your community. I am a member of two and you can never get in above your head.


avatar
Hinch
Spaceship Commander
Spaceship Commander

Posts : 1927
Join date : 2012-09-05
Location : Stradhoughton

Back to top Go down

Re: BBC 3 Documentary Young, British And Broke focusing on Rochdale

Post  Chill37 on Mon Dec 09, 2013 3:48 pm

hawkins wrote:Just to clarify I'm a journalist which is why I'm interested in the reaction to this programme. I won't quote anyone unless they are happy to be quoted, I would just like to know the general opinion of pay day lenders in the area.


I did wonder why you were interested.  Please do not use my quotes, past present or future,  as I do not know which paper you represent, be it a tabloid, broadsheet or other media based. As to be honest, not with standing yourself, media only come sniffing around when there is more 'bad' news.  You cant see them for dust when something good happens. Yet as soon as there is bad news or a horrific event they are like flies around the proverbial mess.  

I think its safe to say that we don't hold them - as in Credit Loan Sharks shops-  in any regard what so ever. But it doesn't take a rocket scientest to work that out.


Chill37
Officer of the Watch
Officer of the Watch

Posts : 742
Join date : 2012-09-05

Back to top Go down

Re: BBC 3 Documentary Young, British And Broke focusing on Rochdale

Post  cyfrifia on Mon Dec 09, 2013 6:43 pm



The programme title, 'Young, British and broke' would appear to be a play on the old song title 'Young gifted and black'.


cyfrifia
Time Lord
Time Lord

Posts : 3087
Join date : 2012-09-16
Location : Todmorden

Back to top Go down

Re: BBC 3 Documentary Young, British And Broke focusing on Rochdale

Post  Poppyanna555 on Mon Dec 09, 2013 6:56 pm




Not good....Rochdale has become a benchmark for all things negative!

Such a shame, I was once proud to say "I was born and bred in Rochdale" but now it's "I live near Manchester"......

avatar
Poppyanna555
Officer of the Watch
Officer of the Watch

Posts : 548
Join date : 2012-09-05
Age : 67
Location : ROCHDALE

Back to top Go down

Re: BBC 3 Documentary Young, British And Broke focusing on Rochdale

Post  hawkins on Mon Dec 09, 2013 7:24 pm

Chill37 wrote:
hawkins wrote:Just to clarify I'm a journalist which is why I'm interested in the reaction to this programme. I won't quote anyone unless they are happy to be quoted, I would just like to know the general opinion of pay day lenders in the area.

I did wonder why you were interested.  Please do not use my quotes, past present or future,  as I do not know which paper you represent, be it a tabloid, broadsheet or other media based. As to be honest, not with standing yourself, media only come sniffing around when there is more 'bad' news.  You cant see them for dust when something good happens. Yet as soon as there is bad news or a horrific event they are like flies around the proverbial mess.  

I think its safe to say that we dont hold them - as in Credit Loan Sharks shops-  in any regard what so ever. But it doesn't take a rocket scientest to work that out.


Of course I won't quote you or any other commenters who do not want to be, but it is good to get a sense of general opinion.


hawkins

Posts : 3
Join date : 2013-12-06

Back to top Go down

Re: BBC 3 Documentary Young, British And Broke focusing on Rochdale

Post  Poppyanna555 on Mon Dec 09, 2013 7:31 pm




You can quote my comment Hawkins....with my blessing!

avatar
Poppyanna555
Officer of the Watch
Officer of the Watch

Posts : 548
Join date : 2012-09-05
Age : 67
Location : ROCHDALE

Back to top Go down

Re: BBC 3 Documentary Young, British And Broke focusing on Rochdale

Post  Hinch on Mon Dec 09, 2013 7:32 pm



Of course Hawkins, with a town as depressed as Rochdale, it is natural that these businesses plus pawn brokers, cheque-cashing agencies, pound shops, charity shops plus illegal moneylenders would flock here in droves.

Poverty seems to be our only growth industry!

Despite attempts on various Facebook sites to present us as a veritable Land of Opportunity, it remains one of the most depressed and deprived towns in the UK, with one of the highest levels of child poverty in the country according to CPAG.


avatar
Hinch
Spaceship Commander
Spaceship Commander

Posts : 1927
Join date : 2012-09-05
Location : Stradhoughton

Back to top Go down

Re: BBC 3 Documentary Young, British And Broke focusing on Rochdale

Post  Dalelad on Mon Dec 09, 2013 8:22 pm



I guess, unfortunately, there is a place for payday-type loan companies, but never ones charging the interest rates these companies do. If some folk can't use these, and have no chance at a bank, they will turn to unregulated loan sharks who will not be afraid to take what's owed to them when it's due. If only the government cared enough to limit the interest rate to one that could be viewed as reasonable...

avatar
Dalelad
Space Cadet
Space Cadet

Posts : 345
Join date : 2012-09-05
Age : 52

Back to top Go down

Re: BBC 3 Documentary Young, British And Broke focusing on Rochdale

Post  Atlas on Tue Dec 10, 2013 1:11 am




Anything over 50% is usury in my book. Once a 'crime' in this country. Time some well-heeled politician extracted digits and made sure this 'preying on the weak, desperate or ignorant' was made a CRIMINAL OFFENCE with prison sentences attached for those found ' parasiting' in this despicable fashion. Evil or Very Mad
avatar
Atlas
Starfleet Commander
Starfleet Commander

Posts : 2976
Join date : 2012-09-06
Location : Wales

Back to top Go down

Re: BBC 3 Documentary Young, British And Broke focusing on Rochdale

Post  Spartacus on Tue Dec 10, 2013 4:12 pm




I don't think age has anything to do with their victims either. I've known OAPs go hungry because they are paying off these loan sharks, who do not hesitate to collect from other family members when someone defaults.



Spartacus
Space Cadet
Space Cadet

Posts : 325
Join date : 2012-09-05

Back to top Go down

Re: BBC 3 Documentary Young, British And Broke focusing on Rochdale

Post  Sponsored content


Sponsored content


Back to top Go down

View previous topic View next topic Back to top

- Similar topics

 
Permissions in this forum:
You cannot reply to topics in this forum