[accymel]

Unfortunately i have been the position & still am to a point of these loan sharks, when u have little income, dont have a good credit score & cant get loans of other means, banks etc dont want to know a low income person - gee cant even get a switch card with no over draft facility, ok to be able to save up for things if u have the spare to do so but alot of what started me on by prey of these company types was that i desperately needed to get stuff, like furniture as i started from scratch a few times when marraige broke down & was no other alternative - plus at least with one of these companies the offer of minimal weekly payment & that now i have a good credit with them that if something brakes down like fridge, washer or sofa i can replace it if i need to as long as i can afford the payments per week. These people abuse a market of desperation but a way of getting a loan where many of us wouldnt have a chance & definately would do without a need & to some puts a temptation there of money, vouchers or catalogue to those that dont need & cant afford to resist, its quite a viscious circle & the only people that really win is the company plus they have good sales tactics that can hook. Unfortunatley the realisation hits in when things go wrong or u get more than u can keep up with, i got a sofa thro them & its not lasted 11mnths which should of gone back & replaced - they have dragged their heels so much i was the one sending the heavy letter to get it resolved & im still waiting.

Rindy is so right the poorer end of people pay out a hell of a lot more than those can afford it, like pay as u go stuff, eleccy & gas cards, u are charged more than getting into a bill situation that not well off try to avoid only to be stung anyways, even as far as debt if u own your own home u can get a lot written off in right channels, not many companies with good apr rates want to know a tenant for loan or debt help other than cab.