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captain cab
PostPosted: Mon Oct 21, 2013 7:44 am 
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Taxi drivers warned over loan sharks


A CAMPAIGN has been launched in North Somerset warning taxi drivers to steer clear of loan sharks.

North Somerset Council is working with the England Illegal Money Lending Team to launch the initiative with Somerset Savings and Loans Credit Union to urge drivers to use safe and legal alternatives.

Drivers are being encouraged to open credit union accounts to save up and help pay for the costs of running a cab and any other unexpected expenditure, and enable them to obtain credit from a safe and legal source when necessary.

The first 50 drivers to sign up will be rewarded with a cash bonus of £10 if they continue to save regularly for three months.

Read more: http://www.thisisbristol.co.uk/Taxi-dri ... z2iKuzLHmf

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Nidge2
PostPosted: Mon Oct 21, 2013 8:00 am 
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It's becoming the norm in all areas I'm afraid. Not far from where I live is a loan shark offering Taxi Drivers loans with double bubble repayments. You borrow £250 and payback £500.
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roythebus
PostPosted: Mon Oct 21, 2013 8:22 am 
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Oh, have Barclays opened a branch near you then? :shock:
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Nidge2
PostPosted: Mon Oct 21, 2013 9:16 am 
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roythebus wrote:
Oh, have Barclays opened a branch near you then? :shock:



PMSL yeah :lol: :lol: :lol: :lol: :lol: :lol: :lol:
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skippy41
PostPosted: Mon Oct 21, 2013 9:41 am 
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I thought they where on about the settle you have to pay
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wannabeeahack
PostPosted: Mon Oct 21, 2013 9:47 am 
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Nidge2 wrote:
It's becoming the norm in all areas I'm afraid. Not far from where I live is a loan shark offering Taxi Drivers loans with double bubble repayments. You borrow £250 and payback £500.


cant be any worse than the payday loans advertised on nationwide TV, i saw one with 2459% APR....

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Nidge2
PostPosted: Mon Oct 21, 2013 12:58 pm 
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wannabeeahack wrote:
Nidge2 wrote:
It's becoming the norm in all areas I'm afraid. Not far from where I live is a loan shark offering Taxi Drivers loans with double bubble repayments. You borrow £250 and payback £500.


cant be any worse than the payday loans advertised on nationwide TV, i saw one with 2459% APR....



Oh they are believe me.
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Nidge2
PostPosted: Mon Oct 21, 2013 12:59 pm 
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skippy41 wrote:
I thought they where on about the settle you have to pay



That's another problem, they're going up.
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roythebus
PostPosted: Mon Oct 21, 2013 3:43 pm 
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Wonga TV ad is 5389% APR....

and you get to keep your teeth and not require the use of crutches....
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Nidge2
PostPosted: Tue Oct 22, 2013 5:06 am 
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roythebus wrote:
Wonga TV ad is 5389% APR....

and you get to keep your teeth and not require the use of crutches....



If you look at Wonga then look at the banks Wonga come out cheaper in many cases. If you slip into an overdraft the banks will hit you with a £25 fee for a few hours, Wonga will charge you £25 to borrow £200 for a few weeks.
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toots
PostPosted: Tue Oct 22, 2013 9:41 am 
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It's easy enough to set up a collection point at the office for credit union, when you pay your settle you can pay into the credit union too, that is of course if you have any cash to pay in for savings.

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captain cab
PostPosted: Tue Oct 22, 2013 9:43 am 
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toots wrote:
It's easy enough to set up a collection point at the office for credit union, when you pay your settle you can pay into the credit union too, that is of course if you have any cash to pay in for savings.



http://www.senscot.net/view_prof.php?viewid=4224

not daft those jocks 8)

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