Simon Read: This kind of lending isn’t always bad – but it can be disastrous for the vulnerable

Erm, actually, yes it is.

It is always bad.

There are many dodgy forms of lending, and we could debate which they are, but surely this kind is the absolute worst ever.

http://rss.feedsportal.com/c/266/f/3752/s/1ac021da/l/0L0Sindependent0O0Copinion0Ccommentators0Csimon0Eread0Ethis0Ekind0Eof0Elending0Eisnt0Ealways0Ebad0E0Ebut0Eit0Ecan0Ebe0Edisastrous0Efor0Ethe0Evulnerable0E62738280Bhtml/story01.htm

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It is the banking equivalent of the no fun no fee lawyer, neither in any danger of being banned.

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One thought on “Simon Read: This kind of lending isn’t always bad – but it can be disastrous for the vulnerable

  1. A good friend of mine is struggling with firewalls and wordpress and facebook (as we all do from time to time) so this is his comment, posted by me because he couldn’t get through:

    ”Good questions Arthur, and I have been wondering myself why they haven’t been made illegal long ago, and why the perpetrators are not behind bars!

    Charles Dickens would, I think, have campaigned against them in his plays and novels, which I haven’t actually read myself
    .
    Performing a public service? – I think not!

    As for the Daily Telegraph, I suspect the only Christmas Spirit there is being consumed internally.

    “The reluctant Civil Servant”

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