Teabags Posted December 17, 2012 Report Share Posted December 17, 2012 2 Quote Link to comment Share on other sites More sharing options...
Dakota Posted December 17, 2012 Report Share Posted December 17, 2012 Payday loans are brutal. You should only be taking one out if you're absolutely desperate, it's a total necessity and can GUARANTEE that you'll have the money to pay if back. Very often people who take them think they're desperate, but it's not a necessity and they don't plan/budget well enough to pay it back. If you live close to the breadline, miss one repayment and watch what happens. You'll be in a world of hurt before you know itAnd the point about the multiple applications affecting your credit rating is true, so watch that.People borrow minuscule sums of £150 and such, it makes me laugh. What happened to planning ahead? Quote Link to comment Share on other sites More sharing options...
Soda Jerk Posted December 17, 2012 Report Share Posted December 17, 2012 I understand why someone would take a pay day loan. Even if it's not for ultra-urgent necessities. If they need to buy something and pay for it later, then go for it. Wonga only let you borrow £400 maximum, so it's not huge amounts of money, but I don't understand why people take them thinking they'll be fine to hide form the consequences of not paying it back? What happens in 3-4 weeks where they can no longer afford to pay it back, and allow it to accrue thousands and thousands of pounds of interest. Their interest rates are totally brutual, but they don't hide it. Pay it back on the agreed date, or get your bollocks smashed by the hammer of debt. It's very simple.If someone loses their job, can't pay the mortgage and loses their home, then that is just pure horrible and I have every sympathy for that, but someone who buys Christmas presents using Wonga's wonga, doesn't pay it back, and then points the finger blaming Payday loans for smacking them to fuck with huge interest fees and fines? Sort your life out. Quote Link to comment Share on other sites More sharing options...
Dakota Posted December 17, 2012 Report Share Posted December 17, 2012 I understand too, though it's beyond me why they wouldn't arrange something with their bank instead. These people don't see that money should always be put away for 'rainy days', do they? Quote Link to comment Share on other sites More sharing options...
keeno Posted December 17, 2012 Report Share Posted December 17, 2012 I have a 'rainy day' fund. It invariably gets used to buy guitars though. I need to sort my life out Seriously though, I too despair at people who have no responsibility with money. I know plenty of people who blow an entire months wages in a few days and then live on nothing for the rest of the month. If you have any doubts as to whether you can afford something, you probably shouldn't be buying it! 1 Quote Link to comment Share on other sites More sharing options...
fatboy Posted December 17, 2012 Report Share Posted December 17, 2012 The fact they are just paying off the interest is a cause for concern, do they not realize they will not clear the balance.every payday loan I've had (3) the full amount inc interest has automatically been taken from my bank on payday.The problem lies with how easy they are to get... Quote Link to comment Share on other sites More sharing options...
Soda Jerk Posted December 17, 2012 Report Share Posted December 17, 2012 The problem lies with how easy they are to get...Again, I disagree with this too. I think it's great that they are easy to get. It's certainly a good thing that if you do need a lump sum of cash for an emergency, there is a company who can assist you immediately, whereas through banks and lenders, it takes time. The problem is people who just don't understand how borrowing money works, and how they are just seeing it as a handout that they can hide from. Quote Link to comment Share on other sites More sharing options...
Jaaakkkeee Posted December 17, 2012 Report Share Posted December 17, 2012 She's 17. xxx Quote Link to comment Share on other sites More sharing options...
Scootray Posted December 17, 2012 Report Share Posted December 17, 2012 She's legal would have been sufficient. Quote Link to comment Share on other sites More sharing options...
Frosty Jack Posted December 18, 2012 Report Share Posted December 18, 2012 People borrow minuscule sums of £150 and such...I'm not sure you understand actual poverty... 3 Quote Link to comment Share on other sites More sharing options...
Monster Zero Posted December 18, 2012 Report Share Posted December 18, 2012 I understand too, though it's beyond me why they wouldn't arrange something with their bank instead. These people don't see that money should always be put away for 'rainy days', do they?Not everyone has even the smallest amount to save for a 'rainy day', they barely have enough to get by.Thankfully I haven't had cause to use them, but the main issue I have with these companies are the levels of interest applied. Is it really necessary to have interest levels in the 1000's %? That is just insane. Quote Link to comment Share on other sites More sharing options...
Monster Zero Posted December 18, 2012 Report Share Posted December 18, 2012 I heard a story about a guy using those payday loans to build up a bankroll for his poker money. Luckily he was good at poker, as he's now made over £1m in earnings. However, since a lot of that was done using these loans, that does not make him a millionaire. He's made a million...he doesn't have a million.. It does however mean he's got enough of a roll to live comfortably off playing poker for now. Risky business.And before Christy tells me I'm a lying cunt, I heard this story when I was kinda drunk, so I may have made it up in my head, or combined two stories together or something.Good at poker or not, that's a very risky move, variance and all that... Quote Link to comment Share on other sites More sharing options...
Spoonie Posted December 18, 2012 Report Share Posted December 18, 2012 If you gave a loan of <£500 for a week or two with a normal interest level, it'd hardly be worth your while. The interest per week at standard credit card rates (~16.9%) is less than £1.62 for a loan of £500, so they boost it through the roof and turn it into a viable business model. Quote Link to comment Share on other sites More sharing options...
Monster Zero Posted December 18, 2012 Report Share Posted December 18, 2012 I understand why they have the level of interest in place but I still don't think they should be allowed to apply such levels just to make their preying on the vulnerable business model worth their while... Quote Link to comment Share on other sites More sharing options...
Spoonie Posted December 18, 2012 Report Share Posted December 18, 2012 It's easy to see why people dislike them (and I'm no fan), but it's the same sort of thing that we see in all sorts of other businesses. You pay extra for convenience and speed and in this case also for them providing you a service that a traditional lender might not.Effectively, they're legalised loan sharks, with financial ruin in the place of smashed kneecaps. But as with loan sharks (or taking out a mortgage, or having unprotected sex, or jumping off a bridge into a river) there has to be an element of individual responsibility. You have to know what you're getting into and be very clear about the potential consequences. That's one place where these lenders tend to be VERY clear - if you read their site or advert (and why wouldn't you if youre borrowing money from them) they make it clear that their interest rates are massive and if you don't meet the repayments, the shit and the fan will be going on a speed date. Quote Link to comment Share on other sites More sharing options...
Lemonade Posted December 18, 2012 Report Share Posted December 18, 2012 In April I bought some headphones. Then all this happened:Pet Hates, August 30, 2012.My awesome new £35 earbuds breaking Is there such a thing as headphones that last more than 3 months?Ace-ic, September 4th, 2012.Also, Amazon's returns. Fuck me that's a good service. I went to the "contact us" page on their website, typed in my phone number and had two options, "call me now" or "call me in 5 minutes". I pressed "Call me now", within 5 seconds my phone rang and I was talking to an actual person. "Yo yo yo. What's up?" she said. "I bought these headphones and they're totally whack. I've only had them since April and they've stopped working" I said, sexily. "Shit son, that ain't no good. What's up wit dem?" she said, while thinking about sucking my cock. "The jack is broken" I said while thinking about her sucking my cock. "Oh daaaayum. OK. Well we can replace them." she said. "I'll get some sent out to you tomorrow. We cool?". And I'm all like "YEEEEEEEEEEAH!" and they're sending me new headphones. Since Amazon is based about 2 miles from my house they should get here by the weekend.That's how I remember it all happening anyway.Ace-ic, September 6th, 2012. I got my new headphones this morning Pet Hates, December 18th, 2012 My replacement earbuds breaking Is there such a thing as headphones that last more than 3 months? Quote Link to comment Share on other sites More sharing options...
Teabags Posted December 18, 2012 Report Share Posted December 18, 2012 Is there such a thing as headphones that last more than 3 months?Yes. September 6th to December 18th is 103 days. So that's at least 10 days over 3 months. 3 Quote Link to comment Share on other sites More sharing options...
Spoonie Posted December 18, 2012 Report Share Posted December 18, 2012 I stopped spending a lot of money on headphones because it's not worth it for how long they last Quote Link to comment Share on other sites More sharing options...
TR!ΔNGL€ T€€TH Posted December 18, 2012 Report Share Posted December 18, 2012 Is there such a thing as headphones that last more than 3 months?http://www.amazon.co.uk/Klipsch-IMAGE-S4-Image-Headphones/dp/B001V9LPT4/ref=sr_1_1?ie=UTF8&qid=1355835972&sr=8-1 Quote Link to comment Share on other sites More sharing options...
Lemonade Posted December 18, 2012 Report Share Posted December 18, 2012 Yes. September 6th to December 18th is 103 days. So that's at least 10 days over 3 months. Quote Link to comment Share on other sites More sharing options...
Lemonade Posted December 18, 2012 Report Share Posted December 18, 2012 http://www.amazon.co.uk/Klipsch-IMAGE-S4-Image-Headphones/dp/B001V9LPT4/ref=sr_1_1?ie=UTF8&qid=1355835972&sr=8-1They're good?I have these just now, they sound great but they appear to be made of fucking angel hair and fine china. Quote Link to comment Share on other sites More sharing options...
Soda Jerk Posted December 18, 2012 Report Share Posted December 18, 2012 Sod buds. Get over-the ear phones. I've had the same pair of £20 Sennheiser's for 3 years. Good gear. 1 Quote Link to comment Share on other sites More sharing options...
Alkaline Posted December 18, 2012 Report Share Posted December 18, 2012 In my experience with headphones similar faults with multiple pairs of headphones is usually down to poor earphone care from the customer. I've never had a pair of earphones develop a fault and i've still got my first pair (probably around 14/15 years old) and they still work fine. Quote Link to comment Share on other sites More sharing options...
Lemonade Posted December 18, 2012 Report Share Posted December 18, 2012 In my experience with headphones similar faults with multiple pairs of headphones is usually down to poor earphone care from the customer. I've never had a pair of earphones develop a fault and i've still got my first pair (probably around 14/15 years old) and they still work fine.I don't know what the fuck I do to them. I probably don't take great care of them, they're usually just chucked in a bag or pocket, but I would imagine 90% of the public just chuck them in a bag or pocket and very few fanny around putting them in carry cases or whatever, yet I seem to go through more than anyone. Seriously reckon I've broken 7 or 8 pairs in the last three years. Quote Link to comment Share on other sites More sharing options...
Lemonade Posted December 18, 2012 Report Share Posted December 18, 2012 Sod buds. Get over-the ear phones. I've had the same pair of £20 Sennheiser's for 3 years. Good gear.Are they massive, like a footballers? Quote Link to comment Share on other sites More sharing options...
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