Well done Damo don't ever let the people here make you feel worthless.

Thanks mate.

I was probably to depressed to pursue something like this a couple of years ago. But I’m glad I’m doing it when I’m doing it because it’s the right time now.

Grateful for the support!



Thanks!

If I ever get to interview Bruce Springsteen I’ll try to let you in on it



Thanks - I’ll be working with my mate at setting up the website today.



There’s only one person who’s made me feel worthless so far this year and it hurt. But that’s between me and that person and he’s a decent guy overall. But I felt a bit used..

And if Clegg ever comes a visiting make sure you tell him what a complete w@nker he is!

He’s surrounded by parasites like Emma Harrison of a4e and that’s why he along with anyone else in government do the wrong things at times. However if more people got involved in politics we would have a much better country because the likes of her wouldn’t get a look in.

The world where the likes of her thrive is ending. We’re entering a new era where the people will have the power. I don't have any big opinions on David Cameron or Nick Clegg. Margate Thatcher on the other hand is someone who I really dislike. She played a big part in laying down the platforms for the way this country is at present.

Three square meals a day. This what a legal immigrant said to me back in the 70's. No use having a beautiful place to live if your starving most of the time.

It's happened for donkeys years and it isn't really preying on anyone. Certain people can't get access to cheap credit mainly because they have a record of non-repayment. As a result the interest rate applied reflects the risk. Also, because they are short term loans, the APR though accurate, isn't a true reflection of how much you pay back. If you borrow £100, you don't pay £4,100 back. You'd probably pay say £160, over a period of 20 weeks or so.

Something else to note is that most of these loan companies are owned or bankrolled, either directly or indirectly by mainstream banks.

See my previous responses to these points, made several weeks ago.

Well there's a lot more to it than a record of non-repayment. The lender wants some security that if the borrower defaults, they can get something back (ie its secured against an asset, ie their house or their business). If a borrower has neither a house nor a business they are a risk to a lender, whether they have a track record of repayment or not, because if the borrower defaults they can turn round and tell the lender to f off and it's very hard for the lender to actually get repayment. Yes they can use the legal system to slap a CCJ on the borrower and can harass them with phone calls, bailiff visits etc but to actually collect payment on a CCJ is expensive and often not worth it.

Before the crash lenders weren't as bothered about this as they had ways to sell the debt on and disguise how risky it was, so someone else would shoulder the risk, but now that's harder they have become more risk averse.

The consequence is young people are unlikely to get access to credit. Mortgage lenders are worried about giving a young person a mortgage to get a house and without property you won't get cheap credit.

People who need such small loans will, generally, be fairly poor to start with. So £60 interest is a not peanuts.

It's like the whole thing with people who are poor ending up paying more in ATM charges because they usually have to withdraw smaller amounts, possibly more frequently.



That's probably not much of an argument in their favour.

And inevitably those ATM's that charge, in my experience, are always the ONLY ones that can be found in what could be considered to be "poor" areas, mainly because they are kept inside premises rather than being on outside walls.

My office in Leeds is in what I consider a "poor" area, there are no external cash machines in this area and only the post office has an internal one that doesn't charge although the last time I used it it had changed to Bank of Ireland with a message that some cards would be charged for.

My office in Birmingham is also in what I consider a "poor" area (we can certainly pick them

), there are no external cash machines for miles and I have yet to find an internal cash point that does not charge - when you only want £10 then being charge 15% for the privilege of obtaining it is steep.

Indeed. We have a couple of external ones now locally (what with the revival of Broadway Market and there being a lot more quite trendy people visiting the area for lunch, a bit of shopping etc), but they all have charges too. The internal ones are in exactly the shops that have largely served the poorer people in our community for years – and they all charge.

Now the demographic is changing for a variety of reasons, but certainly, if you're poor in our area, you won't easily be able to access cash without paying for it. You'd have to travel at least a mile/mile and a half to reach a bank.