@bazzacollins doesn’t help when people like katona then pop up advertising one I saw the other day
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@bazzacollins bout bloody time -wonga got rid of all their small print just showed the stupid puppets why are they allowed TV adsThanks. Twitter will use this to make your timeline better. UndoUndo
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@bazzacollins they thought it was for comic relief!!!!Thanks. Twitter will use this to make your timeline better. UndoUndo
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@bazzacollins but they're not APRs, since they're one off and non-compounding. -
@drpizza Yeah, OK. Fair point. -
@bazzacollins the other thing is, payday lending isn't actually very profitable. The rates are high, but that's offset by unpaid loans. -
@drpizza That's because they're lending cash to people who can't afford to take the loans in the first place. -
@bazzacollins yes, but conversely, those people are taking those loans out of necessity. -
@drpizza Question is whether the pay-day companies are helping those in poverty, or exacerbating the situation. I lean to the latter. -
@bazzacollins that is the key question, but it doesn't appear to be the question that is actually being investigated.
End of conversation
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