In other news
Been approached about a job on the board of one of the pay day loan companies. Said I'm not interested as I think they're immoral businesses.

Was this the correct decision?
( Fucking hell Jeff I am not a robot, Wed 30 Oct 2013, 12:46, 10 replies, latest was 11 years ago)

Absolutely, yeah.
I'd have made the same choice.
( Kroney, Wed 30 Oct 2013, 12:48, Reply)

No
People stupid and desperate enough to use a pay day loan deserve everything they get. They all have Sky TV and drink and smoke, NO EXCEPTIONS!
( Peej, Wed 30 Oct 2013, 12:48, Reply)

Have you seen the new advert?
"You may have heard you'll be paying thousands of percent in interest. You won't, that's just how interest is worked out."

Deceitful bastards.
( b3th Not shit. Not mod., Wed 30 Oct 2013, 12:53, Reply)

Unless you could have taken the system down from the inside
then, yes. Definitely the right decision.
( b3th Not shit. Not mod., Wed 30 Oct 2013, 12:48, Reply)

No.
You could have been minted within almost minutes.
( Je suis un vagabond is an unfunny, up your own arse middle class knob, Wed 30 Oct 2013, 12:50, Reply)

hmm
I'm a bit torn as I think they do prey on the stupid. that "amigo" one should be illegal, it's emotional blackmail. but then, they make money, they employ people...

if they vetted their applicants so that the vulnerable didn't get abused, fine. but of course then they wouldn't have many applicants.
( rachelswipe with a fork, Wed 30 Oct 2013, 12:56, Reply)

How am I going to afford xmas now? :'(''''''

( MEATSNAKE Richard Hammond, Wed 30 Oct 2013, 12:58, Reply)

Nah, you'd have to decare your APR

( edjogs Collared doves are shit., Wed 30 Oct 2013, 13:01, Reply)

Depends, would you rather be principled and poor, or evil and rich?

( drimble he'd been white, he'd been black, Wed 30 Oct 2013, 13:02, Reply)

I'm the second one and the third one.

( edjogs Collared doves are shit., Wed 30 Oct 2013, 13:04, Reply)

"It's a lot easier to cry in a Mercedes than on a bicycle."

( Je suis un vagabond is an unfunny, up your own arse middle class knob, Wed 30 Oct 2013, 13:08, Reply)

nah
apparently you can get them for £5k down the scrapyard, mate
( rachelswipe with a fork, Wed 30 Oct 2013, 13:10, Reply)

It had better be a bloody good bike, then.

( Je suis un vagabond is an unfunny, up your own arse middle class knob, Wed 30 Oct 2013, 13:11, Reply)

no such thing
turn them all into sardine cans
( rachelswipe with a fork, Wed 30 Oct 2013, 13:18, Reply)

Now less than half price
( drimble he'd been white, he'd been black, Wed 30 Oct 2013, 13:28, Reply)

That's ridiculous.

( Je suis un vagabond is an unfunny, up your own arse middle class knob, Wed 30 Oct 2013, 13:43, Reply)

Seven thousand quid and they won't even chuck in a pair of pedals, for fuck's sake

( drimble he'd been white, he'd been black, Wed 30 Oct 2013, 13:44, Reply)

No wonder cyclists are such cunts.

( Je suis un vagabond is an unfunny, up your own arse middle class knob, Wed 30 Oct 2013, 13:50, Reply)

Might just get one of these, don't need to worry about sourcing extra parts plus it's a hell of a lot cheaper
( drimble he'd been white, he'd been black, Wed 30 Oct 2013, 13:53, Reply)

Living in London, and working in central, I see plenty of grown, adult men
Riding those kid's push-skate/bike things. The skateboards with a steering column.
( Je suis un vagabond is an unfunny, up your own arse middle class knob, Wed 30 Oct 2013, 14:09, Reply)

You get pedals with the Venge
www.specializedconceptstore.co.uk/s-works-venge-di2/20430/14Venge
(Himjim died a little more inside on, Wed 30 Oct 2013, 14:11, Reply)

£750 per pedal?

( drimble he'd been white, he'd been black, Wed 30 Oct 2013, 14:16, Reply)

Seriously?! £9k on a fucking bike? That's ridiculous.
That's for either pretentious poseur bankers, or the sponsors pay for it.

£9k on a pushbike is nonsense.
( Je suis un vagabond is an unfunny, up your own arse middle class knob, Wed 30 Oct 2013, 14:21, Reply)

It's a high end bike, its hardly comparable to the average road bike. Its like saying its stupid to buy a Ferrari because a Fiesta is cheaper.
Most of the money is down to development costs spread over the few that are sold.
( Peej, Wed 30 Oct 2013, 14:25, Reply)

Yeah but you're the engine.
Let's face it - if you've got £9k to spend on a bike, you're going to be an alcoholic rich tubster that's just doing it for the lols. Which makes you a cunt.

Or you're going to be SIR Chris Hoy, in which case you won't pay for it anyway.

Also there is no point in buying a Ferrari as the speed limit is 70mph.

So that's YOU sussed!
( Je suis un vagabond is an unfunny, up your own arse middle class knob, Wed 30 Oct 2013, 14:28, Reply)

Bet you SIR Chris Hoy's bike cost more than 9k

( Peej, Wed 30 Oct 2013, 14:33, Reply)

I sincerely bloody hope so. I'll bet it cost more than
A MILLION pounds. 'Cos he's a knight and everything. So it stands to reason.
( Je suis un vagabond is an unfunny, up your own arse middle class knob, Wed 30 Oct 2013, 14:35, Reply)

Can't be designed for a knight.
I can't see anywhere for him to couch his lance.
( Kroney, Wed 30 Oct 2013, 14:40, Reply)

See?! See?! All that money and it doesn't even have a fucking lance holder.
I bet it doesn't even have a fucking stand, either.
( Je suis un vagabond is an unfunny, up your own arse middle class knob, Wed 30 Oct 2013, 14:41, Reply)

It's got a saddle, mind.
Doesn't look like it'd cope with full armour, but it might take a sneaky suit of mail.
( Kroney, Wed 30 Oct 2013, 14:45, Reply)

Around £35,000 for the Olympic Track bikes
UCI rules mean they have to be commercially available.
(Himjim died a little more inside on, Wed 30 Oct 2013, 14:53, Reply)

The fun in having a Ferrari is the amount of time it doesn't take to get you to the legal speed limit, officer.
Not that I'd know, personally.
( Kroney, Wed 30 Oct 2013, 14:38, Reply)

You could say that spending x on x is nonsense, sure.
Fact of the matter is that something is worth what people will pay for it. If people will pay 9 grand on a pedal bike, then that's what it's worth.

It's easy for me, coming from the perspective that a bike is a mode of transport that's mildly more convenient and slightly less uncomfortable than running, to say that's a ridiculous price tag but then it's not aimed at me.
( Kroney, Wed 30 Oct 2013, 14:26, Reply)

This is true. And I have no qualms about parting fools from their money.

( Je suis un vagabond is an unfunny, up your own arse middle class knob, Wed 30 Oct 2013, 14:29, Reply)

/\
TGGI
(Himjim died a little more inside on, Wed 30 Oct 2013, 14:29, Reply)

It looks like a batarang, which is kind of cool.

( Kroney, Wed 30 Oct 2013, 14:36, Reply)

Your bicycle?

( drimble he'd been white, he'd been black, Wed 30 Oct 2013, 14:45, Reply)

they fill a niche
It's irresponsible lending. There are far more responsible lenders in that sector.
(dozers, do fuck off ur a nob m8, Wed 30 Oct 2013, 13:23, Reply)

Not that will lend money to those shitcunts.

(Set your faces to Stunned Bigly, Wed 30 Oct 2013, 13:51, Reply)

yes there are

(dozers, do fuck off ur a nob m8, Wed 30 Oct 2013, 13:53, Reply)

Credit Unions and the like? They won't lend to really low wage workers
and the unemployed.
(Set your faces to Stunned Bigly, Wed 30 Oct 2013, 13:55, Reply)

depends
Some will. There are also lenders which sell money rather than charge interest. That's more responsible; missed payments don't cause the debt to snowball. If it's face to face collections as well then it's much easier to manage repayment plans if someone does get into difficulty.
(dozers, do fuck off ur a nob m8, Wed 30 Oct 2013, 13:57, Reply)

I'll bet that unemployed Tracey who is borrowing money
to pay the catalogue and get some fags would fail to see the distinction.
(Set your faces to Stunned Bigly, Wed 30 Oct 2013, 14:04, Reply)

as long as the debt is paid back then it's immaterial what the original loan was spent on.

(dozers, do fuck off ur a nob m8, Wed 30 Oct 2013, 14:21, Reply)

Personally, the distinction is between making money off people that are financially aware enough
to be making decisions like that sensibly versus going after people that have proven themselves incompetent at life in general and money in particular in order to squeeze the last bit of solvency out of them.

Payday loan companies are saying that if you pay the loan back on time the APR is meaningless and so it is. However, they're going into business betting that the people they're lending to won't be paying it back. Other institutions are betting that you will.

Perhaps that's overly simplistic, but I'm not an accountant.
( Kroney, Wed 30 Oct 2013, 14:31, Reply)

This is not what it is supposed to be like but is the reality.
It is also how the lenders make it very lucrative.
(Set your faces to Stunned Bigly, Wed 30 Oct 2013, 14:33, Reply)

See? I've totes got a head for Big Business, stunnz.
Gizza job.
( Kroney, Wed 30 Oct 2013, 14:39, Reply)