Newport loan shark, 83, ordered to repay £173,000 https://www.bbc.co.uk/news/uk-wales-68920517 Posted by okubax
Emotional_Scale_8074 on April 29, 2024 12:05 pm £400 on every £1,000? And that was her maximum? I know it depends on the term but that sounds more like a credit card than a loan shark.
Badger-Roy on April 29, 2024 12:33 pm Absolutely disgusting rate of interest but no different to many payday loans which should be banned.
IsWasMaybeAMefi on April 29, 2024 12:38 pm “Judge Hywel James said that if the money was not repaid within three months she could face a jail term of one year and nine months.” If she does not pay, and goes to jail for that period, when she is released is the money written off?
wesleyD777 on April 29, 2024 1:14 pm Awful predatory behaviour, but perfectly legal with the correct license eh. The individual goes to court, the corporation gets their ad’s on national TV.
Spamgrenade on April 29, 2024 2:21 pm Tabitha Richardson, who avoided a jail sentence last August, had been illegally lending money for 20 years. In that time she told people who missed repayments that she would “come looking for them” unless they came up with the money. I wonder who she was lending to that would feel threatened by an 83 year old? Other pensioners maybe?
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£400 on every £1,000? And that was her maximum? I know it depends on the term but that sounds more like a credit card than a loan shark.
Absolutely disgusting rate of interest but no different to many payday loans which should be banned.
“Judge Hywel James said that if the money was not repaid within three months she could face a jail term of one year and nine months.”
If she does not pay, and goes to jail for that period, when she is released is the money written off?
Awful predatory behaviour, but perfectly legal with the correct license eh.
The individual goes to court, the corporation gets their ad’s on national TV.
Tabitha Richardson, who avoided a jail sentence last August, had been illegally lending money for 20 years.
In that time she told people who missed repayments that she would “come looking for them” unless they came up with the money.
I wonder who she was lending to that would feel threatened by an 83 year old? Other pensioners maybe?