Payday loan firms, the legalized loan sharks in UK, are resorting to dirty tactics in going about their business operations. They are operating as if they were above the law. Hiding behind the crown allowed them to exploit the uninformed consumer with their own set of rules. It is like going back to the days where loan-sharking was illegal.
When probe by the law they can get off without a scratch by just surrendering their license. That is not a bad deal considering the extra-ordinary profit of this business had been pocketed. Take Wonga’s the largest payday loan firm as a guide. The firm tripled its net income to £45.8million in 2011. Their founder Errol Damelin is worth £34million and Jonty Hurwitz is rated at £25million. More on my webpage.
Besides the con artist, loan sharks are most feared by gamblers.
ReplyDeleteLegalized loan sharks are above the low in the UK.
DeleteImagine a bandit walking around with a marshal's badge. Don't just confiscate the badge, bring them to justice.
ReplyDeleteLoan sharks terrorized the UK with the blessings of the law.
DeleteThe appearance of the loan shark is bad omen to gamblers.
ReplyDelete