End Legalised Loan Sharks.

[citizenB]

 

White coats approaching from the South. What do they want I wonder.

 

Don't panic, TawnyOwl, they are ice cream sellers

[Tawnyowl]

Don't panic, TawnyOwl, they are ice cream sellers

 

 

I will tell you this citizenB

That statement gave me the best laugh I have had for months .If not years. Ice cream sellers. He he, must learn to put those Basic Smiles on. Will do.

Totally unexpected, out of the blue and makes me realise someone has read something I posted elsewhere. Maybe.

Last time they approached they were Fish sellers.

 

 

Sorry Ford I thank you for the link .I have seen it on the previous page and will look into things.

And hopefully get to grips with it.

Technology moves so fast and sometimes I feel I am so behind with things. In fact I know I am.

Off now to relax as I hope many of you will

Tawnyowl.

[citizenB]

Don't feel so alone where technology is concerned, TO.

 

I struggle with it daily !

[Guest]

I

.....I have seen it on the previous page and will look into things.

And hopefully get to grips with it.

.

 

have a look at the windows one, see how it works. i have no idea as i have never used it. (but i might try it to see).

 

thanks guys, i thought my assessment would be about right, even though i didnt see the whole programme.

 

Seems you never know who is looking over your shoulder these days. Nosey Parkers.

spot on tawny. its all about peoples 'data' nowadays, everyone wants it. its not just big bro watching, 1984, Brazil! but also big bro's niece/nephew/cousin, friend etc how prescient these writers are/were.

peoples 'data' is (or soon will be) all out there 'in the air', just a q of knowing how to grab it and use it.

[Tawnyowl]

Thanks Ford for finding links etc. Going to look at them.Cheers.

 

Sometimes I like to look at America and how people are doing.

Seems many people are struggling with everyday living expenses. So go to the payday loan lender and borrow regularly.

 

 

Now Florida thinks hey we are ok and says to the Consumer Finance Protection Bureau leave us alone.

Read that over 7,000,000 yes seven million loans issued in a year in Florida. 80% borrowed again. Kind off pay back short of money straight away so borrow again.

Repeated across America you can only imagine how people are struggling to live. And borrowing so much perhaps. As here.

 

Even the military have been targeted strongly. In many ways. Link here.

http://www.consumerfinance.gov/newsroom/?topic=servicemembers

CFPB trying to get to grips with this problem.

 

Now the CFPB are going to issue rules nationwide. A big task and wish them good luck. One hell of a job to achieve that I feel.

Tribes, yes even Indian Tribes have got in on the action. Some lenders have because of loopholes kind of rented a tribe. Better explain I feel. Maybe soon this will change. A link that explains.

 

Is Sovereign Immunity For Tribal Payday Lending Coming To An End?

http://www.pymnts.com/in-depth/2015/is-sovereign-immunity-for-tribal-payday-lending-coming-to-an-end/#.Vexu5lNzPug

 

 

Do something like regulate, many lenders move online to some far flung destination, some tropical island somewhere and dodge everything.

Kind off business as usual. CFPB introduces tough new rules that apply across America hopefully will work.

Demand is there as here and needs fairness for all.

Why you ask yourself do lenders head for the hills when regulation comes out. Still money to be made.

Have they been up to bad practice.

 

I am still not happy in my opinion that many are allowed to go away and count their dosh and seemingly to me get away with things. Not made to pay back

They extracted money out of Communities with the biggest gold plated money extracting hoovers in the world. Straight down your throats ,into your pockets the hoover went. In your wallets, your purses your friends your family affected everywhere. Sucked it clean out and left nothing. Dust friends that is all they left. Nothing but dust.

Good job I am not on the CFPB in America or the FCA here.

It would be the biggest pay back in history. They,the Lepers of Lending would be quaking I tell you that. They would be shaking with fear hiding behind their wallets.

 

I will not say to much but as you can imagine because of how angry i still get i have talked to some people in the financial world.

People who can make more money in a week than most make in a few years perhaps. Hard to grasp that, And hard to understand, if like myself you are not used to it. Their minds seem to work as fast as computers. Not bad people which slightly bugged me, no sharp golden teeth fins etc , just seemed to see things differently. Quite happy but minds constantly working looking perhaps for the next market. Then straight in there.

Do not seem able to relax. On the edge. Minds on the go.Probably even dream business.

Reminds me somehow in a strange way of a musician I knew. Said to me one day "Methuselah I have filled the London Palladium and the Albert Hall when you are on stage everyone loves you When you come of it is one hell of a downer". So went looking for other things to keep that feeling that buzz going.

Probably to some that statement made no sense suppose I am saying perhaps they have to have that buzz which to them is I suppose make as much as you can while you can. Profit at any cost. That is all that matters. After bubble bursts move on rapidly.

Enough of that I have only met a few after all. What do I know really

Only thing I will add of the few millionaires I have met and got to know i have never met any that have all three ingredients which to myself and others would be perhaps heaven on earth.

That is Health Wealth and Happiness.

.

Said to them. Complaints are you not bothered. No never read them. Not bothered in the slightest. Forums,not bothered no time. If they are talking about us saves them talking about others.

Kind of no publicity is bad publicity kind of thing.

I suppose if you are dealing with many thousands of loans and unless the complaints turn into a avalanche why would you be.

Said why are you not the happiest of people with all that money you are making.

Said to me listen Sherlock, money does not particularly buy happiness but sure makes things easier to buy.

May I say I have only talked to a few.

 

Better give you that link to read . I know it is not Britain but so many it seems finding it hard to survive on what they earn.

I will now go and lie in a darkened room for a while.And calm down.

Or go down to the Shoreline for a while,take a walk.

After a good old British breakfast that is.

Calming down now.

And apologise for going on a bit at times. Try not to but it just flows out. I am sure it must wind some people up.

In fact I am now back from the calmness of the Shoreline. Nice day out there.9.17 am.

 

 

Here is that link I mentioned.

Florida to feds: Leave our payday system alone

http://www.washingtontimes.com/news/2015/sep/1/financial-regulators-in-florida-want-payday-lendor/?page=al

[Tawnyowl]

Well that post has been on a while now. I know this is Britain and have just posted just a small article on America.

And believe me that is only a pinprick of a massive problem.

If you want to know more just shout.

Some of the stories i have read will make your eyes water.

 

Come on let us shoot over to Australia for a moment.See the similarities.

AUSTRALIA.

Talking Point: Payday loans path to financial peril

http://www.themercury.com.au/news/opinion/talking-point-payday-loans-path-to-financial-peril/story-fnj4f64i-1227521455087

 

Might as well include Canada as i am looking around in many areas.

Let us pop there also.

CANADA

Alberta cities, organizations band together to fight 600% payday loan interest rate

http://globalnews.ca/news/2185642/alberta-cities-organizations-band-together-to-fight-600-payday-loan-interest-rate/

 

 

Let us go as well to South Africa.See how they are being targeted.

Watched how the people who start these companies set up then off they go to some other country.It is really hard to keep up with them.

And storing the info in your head becomes impossible.Which also bugs me.

And hard to explain.

The Rand is the currency there so when he goes R300 you know what he is on about.

Watched them form over there and have been waiting for the debris to hit the fan for some time.

 

SOUTH AFRICA.

The scary truth about payday loan companies

http://www.news24.com/MyNews24/The-scary-truth-about-payday-loan-companies-20140508

 

Maybe you would like to see one of the South African Debt Agencies and how it works and who announced a while ago

Avoid The Payday Loan Trap

 

According to the Consumer Credit Market Report released by the NCR in September 2013, in South Africa there are currently 20.21 million credit active consumers of which 9.69 million have impaired credit records and 37.69% of unsecured credit accounts are out of date and in arrears.

What is it now i wonder.

 

There you go a link.

http://www.debtbusters.co.za/article/dont-live-from-payday-to-payday/

 

Low paid being targeted as so many struggling to survive week to week.The problem goes on and on,on and on.

The predators targeting people all over the world.

I will put a statement on by a American Professor of law in a moment that i read a few years ago.Think he was from Missouri or Minnesota,here it is.

Wrong he was from Milwaukee knew it began with a M

And this statement was from a professor of law David Ray Papke

Professor Of Law

Marquette University - Law School

Milwaukee,

United States

 

Quote--Some practices so fundamentally affront our shared values that they should quite simply be prohibited. It is one thing to exploit the urban poor, but it is another thing to systematically worsen their socio-economic condition and to thereby subject them to greater control and subservience. Exploitation, in other words, might be tolerable in our market economy, but subjugation should not be. You can take people’s money and the value of their labor, but you not should be able to yoke them permanently or even semi-permanently to subordination. By actively making the urban poor even poorer, the rent-to-own, payday lending, and title pawn businesses do just that and should be banned.End Quote.

 

Just giving you a break from the problems in Britain.Making you feel we are not alone in a problem that it seems is not going away any day soon.

 

As for the Government and how they wasted so much time before any action was taken.Now that really got many people going.

I saw them wasting time,blocking bills. Even listened to one politician going back to biblical times just to run out of time and spoil a vote. Accepting donations from their Legal Loan Shark friends,having dinner with such people.

Changing minds after getting into power.Then if you look back wondering why, you suddenly may find some sort of help had been given previously maybe years ago.

Which makes you feel many things including money for influence.Or a favour called in.

What else could i feel,i cannot help feeling that way.

Which made me alter slightly a statement i had read in America. As it seemed to sum things up.

 

Quote In broken Britain we have a noble group of clergy doing the Lord's work, trying to protect people from modern-day money changers. Yet the political party that supposedly espouses Christian values is not on the side of the righteous, but on the side of greedy payday lenders. Christianity and the exploitation of the poor are irreconcilable concepts. You can't claim to be the former and also allow the latter to happen. End Quote

 

Maybe this American saying sums a few things up.

Interesting comment from someone in America.

But the final explanation is that some politicians have acquired the automatic habit of prostrating themselves before those with vast sums of money. And this is one more of the many toxic byproducts of the growing inequality in wealth: a sense of community is increasingly destroyed, along with the moral values that hold it together. We are left with two opposing classes that inhabit two opposing worlds, and their clash is inevitable.

 

Another women in the street in America who when she went protesting the company paid for thugs to rip her placards up and spit on her,swear at her,shout at her right up to her face they went.Thugs and cowards.

 

And agree or disagree with my views.Tell us your view. Feel free tell us what you think and maybe gone through yourselves.

Do not let your anger,the way you have been treated fade away in the mists of time.Be forgotten.

Try to make them pay.

They are predators metamorphosing they will and are appearing elsewhere with other products. And always will.You maybe their target.

You may have one near you now,they come in all forms.

Be careful.Looking over my shoulder.Just checking.

Calming down for a minute or two.Having a chill,lowering blood pressure.

 

Payday lenders.-The newest form of loansharks.

The product forms a trap,clever because it does not ensnare every consumer and because the result is achieved without fraud or violence.If we judge matters by the public outcry payday lending is the shrewdest form of loan sharking yet devised

 

USURY---

 

“Usury is that swelling monster contrary to nature, order and all good reason.”

(Aristophanes)

“Usury overthrows trade, decays merchandise, undoes tillage,

destroys craftsmen, defaces chivalries, beats down nobility,

brings dearth and famine, and causes destruction and confusion.”

(Thomas Wilson 1569)

“The cancer of usury is an old venomous sore and

the chiefest head and cause of Rebellions in countries.”

(Tacitus

 

Now reading the above slowly and looking at the words carefully and what they could mean.

Began to make sense for the old owl.

But will work that out and maybe write about that another day.

 

Usually i like to post something on a Saturday morning.

If all goes well and nothing comes up i will.

And time to mention the good old Credit Unions,Loan Sharks the Church and some other bits and pieces.

Bye for now

Tawnyowl.

[Tawnyowl]

Well Saturday morning has arrived. It is throwing it down outside after a week of glorious weather.

Shame for the indoor workers who must hope for dry weather on a weekend.Maybe it will fine up later.

But relief as garden will get watered as plants were wilting. As inherited Water Meter in new house has doubled my bill.

 

Sat with my black and white cat and my little fluffy Pomeranian dog who are best of friends.

Thinking about Credit Unions.Wondering many things.Best put those thoughts down.Feel once again this post may be a long one .

 

Read in a few places that Credit Unions are not that popular still.Why if true is that.

Everyone talks about them seems to say what a brilliant idea idea they are,Absolutely love them, i will join one they say.

Yet only 2% of the population are members.

Compared with 46% in America.

 

Is it the interest rate for savers is it the rate of return.Do they offer fixed rates.

Had a quick look around and when one did they were swamped and had to close the offer.At 1.75%.

Surely this can be achieved if nerve is held. On returns from borrowers locally.

Why if that worked so well close such a thing,get the money in there lend it to the local community get your return and smiles all round.

 

Offer the fixed rate deal everywhere and lend more. Advertise more get newspapers on board which some may know i tried to do.

Here is my effort made a while ago. Maybe you would like to read it while i plan the next chapters. I emailed many newspapers.

Here is the link.

 

Newspaper offers free advertising to Credit Union. Back in 2013.

http://www.consumeractiongroup.co.uk/forum/showthread.php?398174-Newspaper-offers-free-advertising-to-credit-union.

 

Is it because some people in debt think they can not help them.Well they have i have seen it and read about it.

They will help you get back on track if you talk to them. After all it helps the local community and businesses long term.

Maybe some feel they have no chance of a loan.Well step through the door find out.If you have to be a member for a while what is wrong with that.

Affordability is the key.If you are in debt what is the point of borrowing more.

I have been on the debt slide into hell.If you are in debt get help do not borrow more.

Long term it will stress you, maybe make you ill.Get help advice.

And finally when you come out the other side what a feeling.

And this quote from a retired Credit Union Manager proves a point for me.

 

"I must admit to being a great fan of the Credit Union movement and i can say that very few things have given me as much pleasure as the time i was able to pay off a loan shark who was charging a whopping 430%apr on a loan for a member and set them on the road to controlling their finances."

 

 

 

Now i understand Archbishop Welby took a dislike to the Legal Loan Sharks,the Lepers Of Lending call them what you like and i bet many of you do.

Said he will compete them out of business. Thought at the time big task there Archbishop.

But his heart is in the right place for sure. Concerned about people.

Then said it would take 10 years which when i read and my feathers nearly fell out as to late then for many.

However i believe this Church Credit Union has started.

 

Is this it.Missed the publicity for it.For who.Is it just for Church Ministers and employees.

Sorry will check later.As clearly behind the times it seems.Thought it would be for all. Maybe i have missed something.

Archbishop hails ‘major step’ of flagship church credit union

http://www.archbishopofcanterbury.org/articles.php/5495/archbishop-hails-major-step-of-flagship-church-credit-union

 

 

First of all.Tawny sometimes reads things somewhere and gets ideas which really i have read elsewhere but adds to them tries to improve things.

Read so much that others have talked about already.But i forget after a couple of years .Sometimes things get mixed up. And they know their stuff.

I talked to someone on the forums a while ago called Peter Baird.

Think he was a retired Credit Union Manager.

Here was part of a post which seems a brilliant idea.Why has it not happened.I do not know.

Then after reading that i will put my additional thought on.Which after reading the next piece is no big deal,not as i planned things.

Anyway you have to admire the people who run the Credit Unions.Such as Peter Baird did.

 

Quote Originally Posted by peterbard View Post

HI

Thanks Tawnyowl

I wrote it some time ago 2008 I think, there has been legislative changes to the details since then, most of them positive, variations in the terms of loans that can be offered ,relaxation of the common bond even interest given on savings.

The principles remain the same though, and they are always looking for volunteers. I found one of the few benefits of continued ill health and the inability to obtain gainful employment is that it gives you time to indulge in voluntary work, nothing better than the camaraderie created amongst people doing things that they believe in for absolutely no money IMO.

Peter

 

Hi peterbard,

Coming back to the credit unions as there is such a lot going on with them. Some of the most important changes ever made to them are happening and more could do if the investment of 73 million goes ahead..Just putting a link on and maybe ask a few questions about them.

Maybe you may know the answers.

As for your statement

"Nothing better than the camaraderie created amongst people doing things that they believe in for absolutely no money "What can i say.Genuine people genuine organisations.Not a bankers bonus in sight.

And your other statement

"I must admit to being a great fan of the Credit Union movement and i can say that very few things have given me as much pleasure as the time i was able to pay off a loan shark who was charging a whopping 430%apr on a loan for a member and set them on the road to controlling their finances."

 

I bet they have not forgot the help you managed t o give them and the relief they must have felt.Nice one peterbard .Pity you are not still there a few of us would be at the door perhaps.

 

http://www.abcul.org/media-and-resea...ngs/postoffice

 

The major missing ingredient which would see credit unions grow to play the significant role they have in many parts of the world is the introduction of ‘back office’ integration. When credit unions work together to provide behind the scenes services on a central basis it has a dramatic impact on their scale.

For example, if a number of credit unions in Britain shared one banking platform it would enable them to offer shared services through the Post Office network and each other’s branches. It would also allow for a telephone helpline giving credit unions much longer opening hours and easy internet access to accounts

Crucially, this would allow a tie in with the Post Office network which would vastly increase access to credit union services, including affordable credit and safe savings.

A big statement

What would a credit union back office mean?

A one-off capital investment in a credit union back office would deliver a significant step change in the scale of the sector. By allowing a simple, tried and tested integration with the Post Office network, millions of individuals would gain convenient access to credit union services.

It would also allow for a telephone helpline giving credit unions much longer opening hours and easy internet access to accounts

And what about these things that could happen when the PO is on board

 

individuals would be able to walk into any one of 11,500 Post Office branches and join a credit union and/ or carry out a wide range of transactions in real time.

individuals would be able to respond to Post Office advertising and join a quality credit union locally. The Post Office is a trusted brand for low income people. It would be able to help individuals comply simply with off-putting identity regulations for opening a ‘bank’ account.

Post Office staff would be able to view details of a credit union members’ account, check balances, accept and pay out savings, and forward information and requests to the credit union.

where appropriate Post Office staff could provide instant responsible loans. Credit union staff could pre-approve very small lines of credit (£30 - £400) that were affordable and convenient.

making small sum affordable credit accessible through the visible and trusted Post Office network has the exciting potential to transform the financial services market for low income people. It would challenge the high cost credit market which currently takes hundreds of millions of pounds in interest from those on lower incomes.

each transaction carried out by the Post Office would produce a transaction fee creating a new revenue stream for the network. And the general increase in footfall would mean more sales for the Post Office.

A greatly scaled-up credit union sector would meet the Government’s commitment to promote greater competition in financial services and to support a greater role for mutual’s as part of a diverse sector.

Cautious estimates demonstrate that 1.4 million new loans in a five year period would save consumers £336 million in five interest payments

 

 

Well really the only addition i suggest is as already talked about instead of being so spaced out is Link the Credit Unions,The Post Office Network and the Churches.

If you want to join yours i have spotted that some do online payday loans,guarantor loans ,Christmas clubs so many things.

Even one coming out soon for Retail Workers that could perhaps help 8 million people avoid the high cost lenders.

But takes time.

Link to join yours here.

http://www.findyourcreditunion.co.uk/home

 

 

Let us have some fun now.Let us make a Credit Union Song

Maybe make a film that appeals to youngsters those just starting jobs.Chasing sharks through the streets.Well people dressed in Shark costumes anyway.

Then closing in on the sanctuary of the credit union.The sharks defeated and lying in the gutter where they belong.

Do you think i need some medication because i really thought of doing such a thing a couple of years ago.

 

Because soon i will become part of the union.

The credit union.

And will be singing

Now I'm a union man

Amazed at what I am

I say what I think

That the legalloan companies stink

Yes I'm a union man.

As a union man I'm wise

To the lies of the legalloan companies spies

And I don't get fooled

By the legalloan companies rules

Cause I always read between the lines.

So though I'm a working man

I can ruin the legalloanshark's plan

Though I'm not too hard

The sight of my card

Makes me some kind of superman.

Ok i must admit the tune is a oldy but the words altered slightly would be a nice catchy advert for the credit unions.

Probably they would not like the words i would use.

And i do try to be unbiassed as many know.

It is just that the legal loan sharks are robbing people blind. As are their alternative products that are sneaking in

Fit your own words to the tune.

 

 

 

My next post will be about Loan Sharks and certain organisations and people trying to suggest because of new regulation,caps etc everyone is running to them.

Will once again get to grips with them tell a few stories about the Loan Sharks and people that tackle them.And what to do if you meet one and maybe feel tempted.

Maybe one of your friends has been sucked in to their trap.

You will be surprised perhaps who some loan sharks are.And the one PDF i have found anywhere that goes into them from the beginning of time.

 

Scaremongering plenty of it about because some have been hurt by caps etc,not as much money going in fat wallets etc.

Their great big worlds biggest gold plated hoovers that sucked so much money from local people and communities may need servicing shortly or throwing in a skip.

 

Ever wondered what going on a Payday Loan protest was like.Ever been angry enough to protest. Let them know how you feel by words or deeds.

Well this was one i got involved in.

 

Blackpool Protest.Protest against legal loan sharks targeting our communities.

http://www.consumeractiongroup.co.uk/forum/showthread.php?397825-Blackpool-Protest.Protest-against-legal-loan-sharks-targeting-our-communities.

 

Bye for now

Tawnyowl.

[Tawnyowl]

Well is is Saturday once again.I am a bit late this morning i have been reading a thread in the Bear Garden. So funny in there at times,serious issues as well.

Well i have a idea that may make you a few pounds so will open a thread on Sunday.Many could do with a few extra pounds.

But you must remember my ideas usually lead nowhere i have tried hundreds but they usually work for a short time.So who knows.

 

Time and days goes so fast.Weather is holding warm,but changes sure will arrive soon.

Autumn a wonderful time of year.Went to the woods the other day,does no one collect conkers anymore,they were everywhere.Collected fir cones for a event in a few months.

 

I tell you this with all truth. I Was under a Horse Chestnut tree,No wind , small branches and conkers raining down on old Tawnyowl and i could not understand what was happening.

Till i looked up and Saw Cyril the squirrel giving me the evils.A glint in his eyes,his tail all fluffed up.His little legs flinging them down on me.Then seeing my reaction. Seemed to be smirking.So i cleared off the message from Cyril was clear.

 

Geese flying overhead.Perhaps thinking of flying South.

Dragonfly's all shapes and sizes,enjoying the sunshine,chasing each other about.

Evening came bats everywhere.

 

Avoiding the shoreline at the moment,like a good storm where i collect the driftwood and other debris to try to make a few pounds.

One chap said to me when carting off half a tree,Good for the wood-burner.

Well old Tawny likes to think works of art can be created from driftwood and other debris on the shoreline.

So was stunned and told him wood-burner,no these will become works of art.Well one day perhaps.He looked slightly confused and i did not have the time to explain.The sheer weight.

Made me realise how many people have no idea what can be done with Driftwood and other things found anywhere really.Just close your eyes,let your imagination run wild and create .Or try to.Better to try and fail than not try at all.Well when there is no choice what can you do.

But takes time.

 

Forgot as usual what i had come in for,i will check.

Oh yes Loan Sharks,Credit Unions and other bits and pieces.

This could take time so if you are interested pop back every now and again as the day goes on.

Hopefully things will become clear they usually do ,well i hope they will.

 

Seen your post citizenB you never know.I have the supplies, the ideas, the tools the shed where it is kept.Now as winter approaches i will get started.Will have the time.Since last speaking to you once again things have changed again as they usually do.

 

It seems that to myself anyway with the income most people receive nowadays and the cost of living etc without going into debt we have to maybe return to earlier days.Perhaps families,Grandparents,Sons and daughters,Children living all together to get by and club together.Things are so expensive.Bills,everything.

 

My wife just went to the shop and paid bills,rent etc and nearly wiped the income out for the week.Never mind food.But at least they are paid.

But i am really happy,a optimist.And i have little need for material things.Live quietly.Trying to get by as many do.

I will make you a little something,maybe only small not a great Driftwood Horse or anything like that but a little piece perhaps for hanging in a corner or on a shelf on a wall perhaps.And maybe as i am becoming a dab hand at Magic Wands,the Harry Potter type one of those perhaps.I am sure you could make use of one.

 

I find it hard to believe what time it is 11 am already next door is having one hell of a argument doors slamming shouting outside.So much pressure for people i will post later today or tomorrow.Not in right frame of mind to concentrate.All hell is breaking loose.

[citizenB]

When I lived in Kent, I used to visit a Garden Centre called Polhill. They used to have a fantastic display of driftwood art and for sure they weren't giving it away. The prices were very high indeed. I keep hoping for a lottery win so I can invest in a piece

 

I love your story about Cyril the squirrel raining conkers down on you.

 

A lot of LAs are removing conker trees on the grounds of health and safety !! Appears the little darlings are hurting themselves or using them as weapons.

[Tawnyowl]

Just hearing reports of Military Credit Union being started,not thought about but actually starting.15TH October 2015.In the UK for the military.

Now how many will that help keep away from the sharks.

I cannot find any Newspaper links to the story yet which is unusual,will try TV.

 

The day is International Credit Union Day.Link

International Credit Union Day® – Oct. 15, 2015

http://www.woccu.org/events/icuday

 

Got the info from Stella Creasy MP for Walthamstow who is once again taking on the legal loan sharks with many good thoughts and ideas.

Things seem to be warming up for the sharks once again.

Also is very concerned about public and private debt which has risen rapidly .

Will try to find the figure out but massive.Struggling to find that figure.I put it somewhere and it has vanished.

Dark forces at work,putting my garlic chain on again.Just in case.

Of course Tawnyowl whips a few ideas and puts them here.Maybe sometimes a bit of spin is added.

Got to get the info and latest news from somewhere.Unless on a protest or something like that.

And can keep looking back in this thread as well.Link things up.

 

In America the sharks have been circling the military.Despite regulation.

And in America even though they had a Navy Federal credit union for all military personnel they still circled.And still are.

CFPB similar to our FCA Trying to get to grips with the problem there.Which is still happening.

 

Better explain.

SHARK ATTACK! WILL CONGRESS LET PAYDAY LENDERS SCREW THE MILITARY?

http://other98.com/shark-attack-will-congress-let-payday-lenders-screw-the-military/

 

Take a look at the sheer size and what the Credit Union does and can do.Over 5,000,000 members.In America.Have a good old root around on their website.

About Navy Federal Credit Union

Since 1933, Navy Federal has grown from seven members to over 5 million members. And since that time, our vision statement has remained focused on serving our unique field of membership:

 

"Be the most preferred and trusted financial institution serving the military and their families."

 

You can leave the military, change employers, move, retire, get married—and never have to leave Navy Federal. "Once a member, always a member."

 

https://www.navyfederal.org/about/about.php

 

What about that for a Credit Union.

 

Back to Britain a link that tells you how bad things got.Or are.

Payday loan firms prey on skint British soldiers as 11,000 fall into serious debt.

 

http://www.mirror.co.uk/news/uk-news/payday-loan-firms-prey-skint-4057931

 

Now we did write about this in July 2009.

Trying to help the military with debt problems. As usual i mixed things up a little. But the advice was there.

Spotted the sharks circling in America and wondered.

Link here.

 

Help For The Armed Forces With Debt Problems.

http://www.consumeractiongroup.co.uk/forum/showthread.php?373939-Help-For-The-Armed-Forces-With-Debt-Problems.

 

 

Come on out there in Web-land a bubble seems to be building with debt.

Let us not give up.Let us fight the Payday Lenders ,let us fight the Rent to own Companies,the Log Book Loan Companies,The Guarantor Loan Companies,The Loan Sharks that are targeting your community,your friends, your family, yourself with the biggest money extracting gold plated hoovers in the world.

Make it fair that is all.And make them pay,before they fade away.The brokers as well.

Sorry got rather carried away there for a moment.

And am not finished yet just having a nice cup of water.From the tap. Economising.

 

23.19 pm Well it is that time of day.I have just popped back from a quick outing through the mists,but earlier i was going to put some entertainment on to celebrate a historic day.But feel as this is about Credit Unions maybe i should stick with the theme.

 

So without further ado i present to you for one day only.

The Credit Union Anthem.Prepare yourselves.

 

[caro]

Great info Tawny and great to hear the military here are to get their own CU. Maybe we can get info about it in the cag newsletter when more is known.

[caro]

https://www.gov.uk/government/news/500k-to-help-armed-forces-personnel-access-credit-union-services

[Tawnyowl]

Thanks Caro for the link.Nice to hear from you.

Yes i feel the Military Credit Union would be a interesting article for the CAG newsletter..

 

Well Tawnyowl has been looking around Great Britain and America.

Seen some suggesting because of Caps etc on the legal loan sharks people are increasingly running to the Loan Sharks those with the bully boy antics,violence and intimidation.And much more.

I am not going to name who but maybe they have interests in keeping the legal loan sharks in business. Leaving America out for the moment.

 

But we have to look at things,check it out.See what is going on.A lot is hidden of course.

So i have been looking round the cities,say places like London,Manchester ,Birmingham,Liverpool,Glasgow,Cardiff ,Belfast for a start.

And of course the teams that fight them.

 

Now just looking quickly at Salford came across this song sung by a singer songwriter called Dominic Williams.

This loan shark business is pretty heavy stuff and can be hard to read at times.But many in here can understand having seen and read and tried to help many people before.

 

So without going on to much i will start it off with his song.So people can understand the pain that is out there and maybe going on in your Road, Street, Village,Hamlet, Town, City .One of your neighbours ,friends, relatives may be affected and you do not know.

 

May i add there are teams that will take them on all over Great Britain .

First of all i had better explain who he is.

 

Singer brings loan shark horror to life in song

http://www.24dash.com/news/communities/2014-02-10-Singer-brings-loan-shark-horror-to-life-in-song

 

Song to start things off in a moment.From Salford.

 

Bite The Hand That Feeds--Dominic Williams

 

 

 

And this is a very emotional subject for many but also remember.

 

"Don't have nightmares, do sleep well" There is help out there.

 

Maybe some of you may feel like reading this if you have a little time.Give you a feel of the history of Loan Sharks.

American,yes but relevant i feel.

 

Loan Sharks, Interest Rate Caps, and Deregulation

http://law2.wlu.edu/deptimages/lewis%20law%20center/MayerDiscussionDraft.pdf

 

And if you have any Loan Shark problems join the CAGi Tell us your story.Experiences.How you are coping,how you came through perhaps.

Many will help you through your difficult time.Advice and support will arrive.And point you in the right direction fast.

Join today-it is free.

Link below.

http://www.consumeractiongroup.co.uk/forum/register.php

 

 

8-40 am Monday feel it is important to put a link on just in case anyone who maybe reading this has a problem with the loan sharks sharks.Good heavens my fingers repeated that word sharks twice.Even affecting Tawnyowl.

 

I feel many out there who have had bullies right in their faces at one time in your life can understand the feelings that the loan sharks can create.You feel helpless what can you do.

 

Give them something that may help.I understand the fear and control the sharks create.Also the feeling of not being able to do anything,the fear controlling you,absolutely ruling your life.Afraid to do anything about the situation.Fearing about your families safety.

Just bullies,thugs and parasites.

 

Link in a moment.

For anyone in Wales,Scotland,England or Northern Ireland,

 

Report a loan shark

Loan sharks are illegal moneylenders who often charge very high interest rates. You can check if a company is authorised to lend money and report loan sharks anonymously.

https://www.gov.uk/report-loan-shark

 

Maybe keep up with the teams that fight them on Facebook.Link here.

https://www.facebook.com/StopLoanSharksProject

 

Or Twitter here.

https://twitter.com/loansharknews

 

Bye for now.More soon it is time to look at the Loan Sharks closer.Usually i post on a Saturday unless roused enough, so see you then.To my online friends and possibly even one or two foes,who knows who is out there in Webland. If you are a foe message for you top left hand side on the owl.

If a friend i may put a song on for you on Saturday to lighten things a touch.

Bye for now.

Tawnyowl.

[Tawnyowl]

Moving away for a moment from the Loan Sharks back to the legal loan sharks.A coroner was so concerned about a teenagers death he sent his thoughts to the FCA

His report was sent to the FCA 12 months ago, but its existence was only uncovered by Disability News Service this week.End Quote.

So sad.Things started in 2013.You can listen to the story if you like.I have no comment to make.Perhaps you have.

 

Teenager killed himself hours after Wonga cleared out his bank account

http://www.disabilitynewsservice.com/teenager-killed-himself-hours-after-wonga-cleared-out-his-bank-account/

 

 

citizenB has just opened a thread.

Tougher rules for payday lenders take effect - July 2014 (current at 22.09.2015)

 

http://www.consumeractiongroup.co.uk/forum/showthread.php?452493-Tougher-rules-for-payday-lenders-take-effect-July-2014-(current-at-22.09.2015)(18-Viewing)-nbsp

[sillygirl1]

Dreadful behaviour by Wonga - very sad for the young vulnerable adult male.

 

Hopefully this particular odious practice is now finished. PDLs should ONLY be able to take the amount owed to them, ie the original loan and interest AND NO OTHER AMOUNTS but sadly some people seem to think otherwise and perpetuate their greedy behaviour.

[citizenB]

http://www.consumeractiongroup.co.uk/forum/showthread.php?452508-Teenager-killed-himself-hours-after-Wonga-cleared-out-his-bank-account&p=4794315#post4794315

 

This is quite dreadful - I have started a thread for this specific story so that it can be retweeted.

[citizenB]

TO, I will also be updating the CPA thread later on today - with some information on cancelling this type of payment.

 

So many people are falling into this trap of CPAs and despite their best efforts, the FCA still don't seem to be able to protect consumers when there are problems with them.

[Tawnyowl]

Hi citizenB and everyone else who is around.I look forward to a bit of company on this thread,feel alone at times.Feel free to post and say anything you feel like.Feel so sorry for that young man and his family.

 

I have just got involved in Florida or trying to, and the problems they are having over there.Only because i do not like predators targeting people and communities this way.

Maybe a backlash is heading my way as it is pretty intense over there at the moment.Not hiding waiting for reaction,but hiding behind Sofa just in case.

Probably they will say mind your own business.But i am up for any reaction,and will debate with them as i have done in Detroit before.

So many problems out there as here.Let us get to grips with them and not hide.

 

Thanks Sillygirl1 for your post always enjoy your posts.And we have had some laughs over the years.And hard times as well.

Will follow CPA thread when updated and link it here.

Can the CAG go international as so many having problems.Just wondering.

I know at one time a street photographer from Detroit became a member.

 

Read a good few of the American debt agencies and advice they give so just linking up and supporting and helping as we can i suppose.

A kind of international area in a corner somewhere perhaps.

And am ready to get to grips with things internationally.The cause is just.

But of course 5 countries for myself i am interested in.

1-Great Britain

2-America

2-Australia.

3-Canada

4-South Africa.

I am wearing full battledress as i feel the problems with debt and companies is building again.It goes on and on,on and on,sure i have said that before somewhere.

Bye for now.

Tawnyowl.

[caro]

If I remember rightly USA was considered at one time but with the different laws there I don't think it was viable.

[citizenB]

TO, because the laws differ from state to state in the USA, it is very difficult to get a grip on what is happening. We do have an Overseas Debt Forum on CAG

 

http://www.consumeractiongroup.co.uk/forum/forumdisplay.php?266-Overseas-Debt-Overseas-Account-issues

 

Which is quite busy at the moment.

[Tawnyowl]

Thanks for the link citizenB i did not know that room existed.

And thanks for the advice on the laws Caro.

Well i will have a crack at the United States i think.How can i resist.Read to much and talked to a few.To much pain out there.Feel if i spend a little time i will get to know a few laws.Not worried about that.The truth will beat laws and be known.If they tell me to mind my own business,fair enough.But i will not take much notice of a company telling me to shut up.I will as the bullies and thugs do get right in their faces.Like a mosquito.I have nothing to lose and will be careful.

Who can help,well the old Star Trek saying.

Make it so.

Well something like that.

I am going to try to kick up a right hornets nest over there.Had enough of the predators,especially after seeing what the sub primers did over there to many.

Going to try anyway.Maybe nothing will come about,maybe as said before but if you feel strongly about something let it out.

I have not forgotten about the loan sharks and will be posting about them soon.But i have learnt now not to promise a exact time.

 

I think Ohio will be my first port of call,Try to get some politicians riled.The legal loan sharks seem to have some powerful friends over there. Going to ask a few questions.

Flak Jacket on.May take a little time to plan the words.

We will see.A relative of mine is on the West coast at the moment. Working for Disney on Ice, Frozen.Going to be there about a year.

May try to link up get pictures of the stores things like that.May interest some of us.

Just checked 866 miles from Ohio at the moment what a shame and anyway why would i bother a young person about this matter.

I will keep asking myself that question.

 

A thought,are the Credit Unions linked to the American Post Office network in the United States.Kind of everyone can be close to the Credit Union.Especially in the targeted poorest areas of America.Will have to find out.And if the Churches there have facilities for Credit Union use making everybody close to one.

Well whatever,i will make some figures up to explain what i am trying to say.But will take a little time.

 

Now i am thinking the Banks tried to destroy the Credit Unions in America.If the above thoughts happened and the poor which get smacked the most by banks in charges,fees and god knows what else happened.What would happen to the banks and their employees big fat bonuses.

Time for me to go,getting the shivers.

 

May i say in this thread all views are my own and no one except myself is responsible for them.

I do not mean to offend or distress anyone.

If i do please tell me and i will investigate apologise and retract anything.If found to be incorrect.

I am no expert but have read quite a lot over the last 8 years and formed a opinion based on that alone.And a touch of research.As many do.

 

Bye for now

Tawnyowl.

[Guest]

'...it appears that the industry is making real efforts to clean up its act. This being the case and in an age of alternative lending models such as peer-to-peer lending and crowdfunding, we should be cautious about automatically dismissing the use of payday loans.'

really?

http://theconversation.com/in-defence-of-payday-loans-47013

[citizenB]

 

May i say in this thread all views are my own and no one except myself is responsible for them.

I do not mean to offend or distress anyone.

If i do please tell me and i will investigate apologise and retract anything.If found to be incorrect.

I am no expert but have read quite a lot over the last 8 years and formed a opinion based on that alone.And a touch of research.As many do.

 

Bye for now

Tawnyowl.

 

You have neither offended or distressed anyone TO - I am sure others will agree, that your posts are a breath of fresh air and well researched.

[citizenB]

'...it appears that the industry is making real efforts to clean up its act. This being the case and in an age of alternative lending models such as peer-to-peer lending and crowdfunding, we should be cautious about automatically dismissing the use of payday loans.' really?

http://theconversation.com/in-defence-of-payday-loans-47013

 

A recent documentary, “Cash in Hand: Payday Loans”, sought to counter this by giving an insider look at the industry. The show went behind-the-scenes at payday lender Uncle Buck, which possesses a 2% market share behind behemoths such as Wonga and QuickQuid, and followed the daily activities of its customer service and collections operation.

 

How naïve of them to think that the people who took part in this were acting normally ? Almost certainly they were on their best behaviour. They needed someone in there undercover to show just how this grubby little industry really works.

 

If they want to prevent borrowers being pushed into the arms of Illegal loan sharks, then they need to invest in more Credit Unions. The CU in my town opens for just 2 hours on a Tuesday and 4 hours on a Thursday.

 

and Ford has just found this interesting article.

 

'A proposed Bank of England (BoE) overhaul of credit unions would make it harder for these local savings and loans organisations to compete with banks, industry officials said on Tuesday....'

http://uk.reuters.com/article/2015/09/08/uk-britain-boe-creditunions-idUKKCN0R823520150908

 

Edited September 23, 2015 by citizenB

[Guest]

cheers citb.

 

rereading. seems unsurprising. the banks being threatened, so they seek to curtail such a threat. the govt being a bank subsidy, prob wont argue.