Well it seems that not all banks and loan companies are being affected by the mess gormless Gordon has made of our economy. Some of them are all set to do very well from it.
I just recieved a mailshot from Provident offering me an unsecured loan to help pay for Christmas, anything from £50 to £500 with easy weekly payments based on my ability to pay rather than my credit history.
No doubt millions of others have recieved this letter as well and no doubt many of them will be tempted. This is all very well except for one thing. Their interest rate on these cash loans is 183.2% APR! Basically if you borrow £300 you pay back over £500! This is theft, pure and simply. Nothing more than legalised robbery.
These loans with this extrortionate rate of interest are targeted specifically at those who can't get credit elsewhere and who can least afford these sort of rates, the poorest of our population.
How can this be legal? How can these extortionate rates of interest be justified? Why haven't Labour, the "party for the poor" done anything to stop people like Provident taking advantage of the poor and putting them further into debt?
The answer is simple. Labour are not now and never have been for the poor. They exist purely to allow their members to extort as much money as possible from the tax payer in as short a time as possible.
The only problem Labour have with companies like Provident stealing from the poor is that they didn't think of it first.
If you vote Labour you are scum, you know you are and you are just too selfish to care.
Here is a bird.
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