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By (user no longer on site)
over a year ago
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Ironic if they can’t pay back their debts..
I don’t know what to make of this to be honest, to some they offer an important and valued service - but for others they help perpetuate their financial issues with their exorbitant interest rates. So not sure if I’m pleased or not .. |
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By (user no longer on site)
over a year ago
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They have there use. If you cant get a loan from a bank etc because you are deemed a high risk then thats where people go.
Flip side of this is obviously these people are high risk and unlikely to pay back the loans. Hence the situation they are in.
What would happen though now if you were to get a loan from them and then they went into administration. Would the loan need to be paid back !!  |
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By (user no longer on site)
over a year ago
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"They have there use. If you cant get a loan from a bank etc because you are deemed a high risk then thats where people go.
Flip side of this is obviously these people are high risk and unlikely to pay back the loans. Hence the situation they are in.
What would happen though now if you were to get a loan from them and then they went into administration. Would the loan need to be paid back !! "
Administration company wouldn’t let all that debt go. They’d sell the debt and those poor buggers paying it back would just be paying a different company, |
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