And the financial prophet Bastard the money lender said unto his flock, “If ye be fund-less ye be not so much a loan, more an easy target.  Moreover, soon ye will have many new followers just like thee and we are here for your interest – purely your interest.”

So how can ripping off the already poverty stricken be legal?  Well, the UK’s governments and banks have got away with it for years; maybe the online prey-day loan sharks have friends in high places.  However, there’s very little difference between them.  One will beat the crap out of you if you can’t pay up on time; and the other charges you with such an extortionate interest rate you’ll top yourself!  And here’s why, please read the next paragraph carefully.

Victim X took out a loan of £300/$471; then he found he couldn’t make the repayment of £388/$609.  He called the company and they said, “No sweat, but it’ll cost you £40/$62 for your default.”  Then the licensed bandit passed on the debt to the firm’s collections partner, ‘Thug Inc’.  And knowing the money wasn’t in the victim’s account, they tried to redeem the debt every three days for a month, and all at the nominal rate of 2334%, now the debt is £630/$989.         

It’s nothing more than the all-ready opulent sucking the life out of the vulnerable.  Personally, I’d like to line them all up, set fire to the contents of their high interest bank accounts then feed them the remains via their poo-shoots! 

Having said that, I’m not sure who’s at fault, but which ever way you look at it, there are loan companies waving a lot of carrots at a bunch of vegetables who are minus a vegetable crisper!  The result?  Very shortly something will go rotten. 

First we see the misleading advert.  You might see a happy and cheery, well dressed women working in a spacious office.  She’s just got off the phone to ‘Prey-day loans’, so called because once you’ve signed up, and agree to the payments, you become their quarry.  But, “It’s so quick and easy and the money will be in my account in 15 minutes,” she says.  The stupid trout goes on.  “If you’re short until your next pay day, get a ‘Prey-day loan’ to tide you over.”

Well, she’s paid to say it, isn’t she!  The reality of the situation is very different.  Forget the daft tart in the ad, and think about the out of work smack addict who’s got nine children by 36 different fathers who also likes a drink.  The words, slaughter and lamb come to mind pretty rapidly.  I’m surprised the loan companies haven’t set up offices out side the nations psychiatric wings!

Promotion: Prey-day loans, we specialize in mugging you in your own home.

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This entry was posted on Sunday, March 25th, 2012 at 5:59 pm and is filed under Neils Blog. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.