To be irritated by people on C4 news taking out payday loans

[SilverSixpence]

I am at people taking out loans to buy brand new fridge freezers and playstations from Bright House instead of buying secondhand/doing without if they can't afford it. 8 year olds are old enough to understand they cant have the latest thing if their parents can't afford it. If your kids are influenced by ads just turn them off! Isn't this basic common sense?

[formerbabe]

It is unbelievably stupid when you are on a low income to get into debt to buy 'non essentials'.

[MissOtisRegretsMadam]

No not in this society of instant gratification and most of the people don't even understand the repayment plan as it is confusing and complex. They just see weekly payments that look affordable at first glance. Same with the photo companies letting people who don't work have huge portraits of their children done and letting them pay it off weekly.

Some people have not been taught any financial sense by their own parents.

[SauvignonBlanche]

The poor really ought to learn their place.

[SilverSixpence]

We were not well off as children and didn't get many presents - its not about the poor 'knowing their place' at all

[usualsuspect]

It's easy to criticise 'poor' people.

[usualsuspect]

Are you well off now?

[SauvignonBlanche]

Aagh!
Can't people show enough empathy to realise that poverty s about more than just how much money you have?
Companies like Brighthouse would not thrive without high levels of ignorance about how they operate

[SilverSixpence]

I think that is fairly insulting to people who are poor and have the sense not to get into debt

[MissOtisRegretsMadam]

My rage is aimed at the companies for the way they target people who they know will never keep up with payments. It's taking food out of childrens mouths and they shut be closed down by the

[LynetteScavo]

I think it's common sense, but I bet yours, like my DC will have a nice Christmas present because we can afford without resorting to pay day loans.

It's a bit like saying if a child is over weight don't give them crisps or chocolate. My kids have just munched their way through a selection box each, which some might consider OK, because they are skinny, butI can hardly criticise others choices.

Life really isn't that simple.

[MissOtisRegretsMadam]

Should be closed down by the government

[SauvignonBlanche]

Saying that people who are duped into using such companies lack 'basic common sense' is very insulting.

[Owllady]

I considered getting one when my dog was ill
Luckily the bank of mum was open, it's usually closed

[mensachampion]

Only on here could bright house be defended as guardian angels of the poor.

[NorthernLebkuchen]

OP you seem to be drawing a distinction between the deserving and uindeserving poor. Or in your case the finance savvy poor and the no idea poor. You might want to listen to and then remove your head from your backside.

[SilverSixpence]

have to say, we have enough money coming in to not worry about the essentials but we are certainly not wealthy. We don't actually celebrate Christmas but DC tend to get smaller gifts and dont have any consoles or ipads etc of their own

[usualsuspect]

I think Bright House is a terrible place.

But I can fully understand why some people use it.

[usualsuspect]

I'm not defending Bright House.

So get off your high horse.

[SauvignonBlanche]

Is that on another thread mensachampion?

[3asAbird]

we have used them in past if car was in garage or ran out money as bank charges are more than monthly interest we always paid back next month so wonga have been better than banks.

Im sure loots people use them responsibly and small %get into trouble.

Unless they properly expand credit unions as lternative or force state owned banks to show some compassion with overdrafts then its only option people have if no bank of mum and dad.

[Owllady]

I don't even know what brighthouse is

[IneedAsockamnesty]

Why would you use a payday loan for anything from bright house?

Its a hp shop they sell everything on there own grossly inflated credit.

Did they actually say buying something from bright house with my payday loan?

[gordyslovesheep]

Mensa I have looked and looked and I can't see where anyone said 'Brighthouse are the guardian angels of the poor' can you direct me to that post?

I don't understand why 'poor people' (aka the one to blame for like everything) need to go to Brighthouse since I thought they got everything for free off the government including 7878979897" TV's and goats

[AngelsLieToKeepControl]

I had someone at my door the other day telling me to take £200 of shopping vouchers from him, and his colleague would be round in a week to either take the vouchers back if I didn't want them, or if I had spent them they would discuss repayment. He was a pushy arsehole and I told him to bugger off, but I can see how easy it would be to get drawn in, if I was worrying about shopping or christmas I would have been tempted and then afterwards when the guys colleague came round I would have found out the extortionate interest rate.

The methods of these companies need to be seriously looked into.

[Thumbcat]

How are they duped? The ridiculously high APR is there on the adverts so common sense should make people realise the repayments are going to be huge/never ending.