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Well done Bradford Bulls new owners, should see them being competitive again soon, good news.

If you don't like the APR on a loan, don't take it out.

I have my doubts (more than that actually - it just isn't) that this is a record SL sponsorship deal, especially as stadium naming rights have been bundled in with the shirt sponsorship which makes it pretty good value to the sponsor. Nonetheless, it's good for the Bulls to be getting some new backing from big, local businesses.

I would suggest it probably is the Bulls record SL sponsorship deal, rather than a ' whole of SL' record deal , obviously as you say, it is a combined deal ( shirt and naming rights ) which can be promoted in a very positive way, we cannot really blame them for that

It is however a very good deal for the Bulls and will hopefully put them in a good position to stabilize their finances for the near future

Its clear they run a shocking company with no ethics, as highlighted in this article. However it is not the job of the Bradford Bulls, to pass laws to stop payday loans companies scamming the vulnerable in our society. That is the job of the government, pressure should be on them to put a stop to this, not on the impoverished bulls to turn down much needed sponsorship money to help them keep trading.

That's a rather silly response.

The serious point is that such companies prey on people who have no other options. With the choice of starve and freeze or take a loan to feed your kids, what would you do?

It's perverse that the more you need money, the more you have to pay to borrow. If, as they say, it is to reflect risk, they would charge less, not more.

Banking is corrupt.

Nearly got into a rant there...

Companies like provident and wonga etc etc are basically legalised loan sharks who prey on the poor and needy in society.

Bulls got good deal yes but I would rather see provident outside of rugby league. I am not a fan of alcohol or betting companies involved in sport either.

Not really silly is it? If I got to a situation where it was starve and freeze or take out a loan, I would go to the Citizens Advice before plunging myself into debt.

The more you need money, the more risk you are to a lender, that's why you pay more.

I agree banking is corrupt, but now do we have a go at Halifax for their sponsors?

If a conglomerate like Barclays or RBS sponsored the league or a club would you have a problem? Because they are companies that have been caught up in the banking scandals. Where does it end?

Legalised Loan Sharks? The word 'legal' in that sentence proves how wrong you are.

For main sponsor rights AND stadium naming rights 300k a year doesn't sound that great a deal, or is that how low SL clubs are valued at the moment?

You are George Osborne and I claim my £5.

Halifax and other high street lenders do not charge 400% interest.

It's a self fulfilling prophesy to charge someone with a low income more for a loan...you may default, so we will ask you to pay even more!!

Loans should be capped...if the risk is too high, don't lend.

You live in cloud cuckoo land if you think the CAB have the answers to this.

Leaflets and well intentioned advice do not pay the bills.

Yes, but Halifax and other high street lenders don't give short term loans. In fact, most high street lenders have been in trouble over slapping on payment protection insurance either without telling the people getting it or telling them they can't have the loan unless they take out the insurance.

And the 400% you're banging on about? That's the APR. APR is an annual rate, not applicable to most loans from them as they tend to be 5 or 8 month loans. Clearly you either don't understand that, or you are purposefully ignoring facts that don't fit your argument and if it's the 2nd the clearly anything you say is bunk and can safely be ignored.

Exactly.

I live in cloud cuckoo land if I think the CAB have answers to this apparantly. I got in financial trouble when I was young and naive and went to the CAB, who were superb. If you went in and said, 'shall I take a payday loan out?' They would say 'no, do this.....'

That's why you go there-advice.