Well yes the poor tend to be less educated.
That's why these companies aggressivley advertise to them, and deliberatly use obtuse and vague language in their terms and conditions.
(PsychoChomp, Fri 11 Dec 2009, 9:41, 1 reply, 16 years ago)

I once had a business card through my door
advertising cash loans of between £10 and £300 - 'no need to make payments at a bank, we will call round and collect each week'.

I'll bet you fucking will. With a crowbar.
( Monty Boyce, My cheese game is strong, Fri 11 Dec 2009, 9:43, Reply)

I bet if you were in there would have been someone there literally waving the money in your face.

(PsychoChomp, Fri 11 Dec 2009, 9:44, Reply)

within an hour the debt would have trebled
and I'd have ended up in a motorway bridge within a month.

Gawd love the East End.
( Monty Boyce, My cheese game is strong, Fri 11 Dec 2009, 9:57, Reply)