Quote:
Originally Posted by Ianto.W.
It's not against the law not to pay them back either, you should have took the £100 and then let them whistle Dixie for their money, as mentioned Greenwoods or any of the other dear money merchants work on the theory that 30% wont pay anyway, hence the high interest rates.
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It is not against the law as such, but it would still affect your future credit rating if you didnt repay the debt. and possibly a CCJ.
These loan companies know that people on benefits cannot get credit and offering them £100 cash now at only £5 per week for 30 weeks + sounds good when its a scandalous rate of interest.
I would hate to be a collector, the amount of people that 'arnt in' when you call must be high.
