Shady practices from Wonga

[Coutts 10]

If only that was the case. Tell me, who is picking up the pieces after the bad financial decisions of the bankers?

 

That's a different thread.

[Blackbeard 10]

Oh, I am very sorry, only the poor and needy should be responsible for their poor financial decisions. The queen should give awards to the others.

[Coutts 10]

the poor and needy should be responsible for their poor financial decisions.

 

Quite right, they should, just like the rich and thriving. We are all just people, we all have the same number of hours in a day. NO excuses!

[Blackbeard 10]

Remember "Sir Fred Goodwin? (Fred the shred)The guy in charge of the downfall of the Royal Bank of Scotland, the owners of Coutts. He took little responsibility for the problems that all of us are paying for. Is he now one of the poor and needy?

[Coutts 10]

Remember "Sir Fred Goodwin? (Fred the shred)The guy in charge of the downfall of the Royal Bank of Scotland, the owners of Coutts. He took little responsibility for the problems that all of us are paying for. Is he now one of the poor and needy?

 

You're such a cry baby blackbeard, it was only £45B, he had his knighthood removed, his annual pension of £650,000 was reduced to £342,500 and after leaving the bank, he told a committee of MPs that he "could not be more sorry" for what had happened,

 

What more do you want. He was well and truly punished and paid the price and took full responsibility.

[Cyclone 10]

No problem, he can just get another job, shouldn't be long before they're back on track. You do realise every person even with a tiny brain knows to save a percentage of their total income every month for unforeseeable emergencies. I was literally taught that as a CHILD! I even did it with my pocket money! If I could do it as a child I'm sure grown adults can do it.

 

This is your "response" to the concept that the working can be in poverty?

 

 

And your later comment that someone on minimum wage shouldn't start a family, failing to realise that circumstances can change after starting a family...

 

I'm not saying that people shouldn't be responsible, they should.

I'm just pointing out that you don't appear to be able to understand how someone could be poor or desperate.

 

---------- Post added 29-06-2014 at 11:05 ----------

 

You're such a cry baby blackbeard, it was only £45B, he had his knighthood removed, his annual pension of £650,000 was reduced to £342,500 and after leaving the bank, he told a committee of MPs that he "could not be more sorry" for what had happened,

 

What more do you want. He was well and truly punished and paid the price and took full responsibility.

 

He could have been jailed. That might have been appropriate.

[Coutts 10]

And your later comment that someone on minimum wage shouldn't start a family, failing to realise that circumstances can change after starting a family...

 

That is an excuse. Someone would have to be living on a very thin knifes edge financially if losing their job would wipe them out within 12 months making them desperate enough to take out a payday loan. I don't even know why I'm entertaining such silliness. it speaks for itself.

 

I'm not saying that people shouldn't be responsible, they should.

 

GOOD!

 

He could have been jailed. That might have been appropriate.

 

Call me old fashioned but you have to actually commit a crime in order to face the possibility of jail.

 

it's not like he was claiming benefits whilst working in the local chip shop, which IS a crime!

Edited June 29, 2014 by Coutts

[Mister M 1,625]

That is an excuse. Someone would have to be living on a very thin knifes edge financially if losing their job would wipe them out within 12 months making them desperate enough to take out a payday loan. I don't even know why I'm entertaining such silliness. it speaks for itself.

 

 

 

GOOD!

 

 

 

Call me old fashioned but you have to actually commit a crime in order to face the possibility of jail.

 

it's not like he was claiming benefits whilst working in the local chip shop, which IS a crime!

 

Wonga have committed a criminal offence - didn't stop you from feeling sorry for them did it! Oh no wait; they are a hugely profitable company, therefore they are deserving of your sympathy.

And you haven't acknowledged that you were wrong in your assertion that people turn to Wonga and the like to purchase fripperies, which is contradicted by the organisation Which?

[mattythefish 10]

That is an excuse. Someone would have to be living on a very thin knifes edge financially if losing their job would wipe them out within 12 months making them desperate enough to take out a payday loan. I don't even know why I'm entertaining such silliness. it speaks for itself.

 

 

 

GOOD!

 

 

 

Call me old fashioned but you have to actually commit a crime in order to face the possibility of jail.

 

it's not like he was claiming benefits whilst working in the local chip shop, which IS a crime!

 

your wasting your breath Coutts the leftie libs on here dont understand economics, their understanding is borrow now pay later!! with little or no consequences because the big nasty corporations offer something they want and when it all goes wrong they squeal like stuck pigs:roll: any fool can see that these loans are for very short terms and not to be relied on as an income source, people that take these out and dont pay back deserve everything they get........or another option declare bankruptcy!

[Coutts 10]

Wonga have committed a criminal offence - didn't stop you from feeling sorry for them did it!

 

I'm not sure if what they did is an actual criminal offence or just a little bit unethical. I'm sure someone will clarify. Either way, I see it as self defence. Someone tried to steal from them so they used defence measures.

 

Oh no wait; they are a hugely profitable company, therefore they are deserving of your sympathy.

 

Yep, I won't lie, I do like a strong profitable company. So should you, I shouldn't have to keep reminding everyone why brilliant entrepreneurs and their creations should be supported and not regulated out of business for the good of mankind. When was the last time an unproductive poor person gave you a job eh. EXACTLY!

 

And you haven't acknowledged that you were wrong in your assertion that people turn to Wonga and the like to purchase fripperies, which is contradicted by the organisation Which?

 

You really should stop putting so much stock into Which Mister

I mean, fine if you want to know which is the best toaster currently on the market. Good old which, it does the hard work so you don't have to, or is that flash.

 

your wasting your breath Coutts the leftie libs on here dont understand economics, their understanding is borrow now pay later!! with little or no consequences because the big nasty corporations offer something they want and when it all goes wrong they squeal like stuck pigs:roll: any fool can see that these loans are for very short terms and not to be relied on as an income source, people that take these out and dont pay back deserve everything they get........or another option declare bankruptcy!

 

Wonderful, VERY well said.

Edited June 29, 2014 by Coutts

[Mister M 1,625]

i'm not sure if what they did is an actual criminal offence or just a little bit unethical. I'm sure someone will clarify. Either way, i see it as self defence. Someone tried to steal from them so they used defence measures.

 

the police are looking into it.

 

yep, i won't lie, i do like a strong profitable company. So should you, i shouldn't have to keep reminding everyone why brilliant entrepreneurs and their creations should be supported and not regulated out of business for the good of mankind. when was the last time an unproductive poor person gave you a job eh. Exactly!

 

what exactly is brilliant and visionary about a company that lends money to struggling people, charging extortionate rates of interest. Which sends out fake threatening letters to its customers, and then charges them for the privilege of sending them out? You might call that brilliant, but that just goes to show what low expectations you have of others. Either that, or your trolling.

you really should stop putting so much stock into which mister

I mean, fine if you want to know which is the best toaster currently on the market. Good old which, it does the hard work so you don't have to, or is that flash.

 

like i said earlier i'm more inclined to believe a long standing and independent consumer affairs organisation, than the mad dribbling of someone who seems to enjoy winding others up for his own sick pleasure.

[Coutts 10]

the police are looking into it.

 

Maybe you should wait until you know for sure before you state such things hmm?

 

what exactly is brilliant and visionary about a company that lends money to struggling people, charging extortionate rates of interest. Which sends out fake threatening letters to its customers, and then charges them for the privilege of sending them out?

 

That's your interpretation of it which would be VERY inaccurate. Remember, Wonga are a highly profitable company, they have a much higher percentage of very happy paying appreciative customers who use the service as intended than those wronguns who default and expect to walk away scot free from their thieving treachery!

 

like i said earlier i'm more inclined to believe a long standing and independent consumer affairs organisation, than the mad dribbling of someone who seems to enjoy winding others up for his own sick pleasure.

 

I am not mad, I certainly don't dribble and I get no pleasure whatsoever from repeatedly having to educate the foolhardy. I get frustrated for sure.