Street Democracy writes:
(We know it is a messy business but help is here. Need help with pay day loan companies click here: Do you need help with your payday loan?)
The debt of control.
You owe them, they own you.
This is no doubt a form of ‘mafia capitalism’ where rogue companies can operate unchecked without any regulation or transparency.
The whole economic capitalist system has been socially designed by the wealthy, and has been designed to keep wealth away from ordinary men and women.
It is designed to keep the poor, poor.
This is a social and financial, economic paralysis of the poor.
Especially for the falling victims to such loan companies forcing upon the substandard of living in order to pay back astronomical interest rates.
It is an act of enslavement with an aggressive dialogue and social contract binding the agreement together of these rogue loan sharks.
Unregulated and unfettered capitalism turns into a rogue model of corruption like a Mafia type philosophy devouring those they call customers for money, profit and gain.
Dark and twisted minds of thugs can use corrupt methods of intimidation to gain access to ‘their’ money by what ever means deemed necessary.Once you take out a loan, it is a contract of ownership and they want not just their money back, but the interest as that’s the profit-making strategy.You pay back more than you borrowed.This is a horrendous story that proves we have gone back to the Victorian days of old with ruthless and torturous tactics being used by psychopaths with no morals to gain their money back.If you find yourself in this situation, then go to a recommended official help site.Do not take out any more loans to pay back on just for another to hound you.PLEASE CLICK HERE:
Do you need help with your payday loan?
If you need help with your payday loan we can help.
- Go and speak to someone in your local Citizens Advice Bureau.
- Visit Adviceguide to get more information.
- Call our consumer helpline 08454 04 05 06.
If you’ve taken out a payday loan you can also take our survey.You can find out if you have cause for complaint and it will help us collect information on how payday lenders are treating their customers.
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Loan sharks have even picked up clients’ kids – without the knowledge of their parents – and driven them home.
The aim of this menacing tactic is to warn families that their little ones are easy targets if they do not pay.
One headteacher said: “The worst incident was when I had to stand between a debt collector and a parent because of the level of aggression.
“They come with dogs and I hate dogs. I often fear for my own safety, but I am supported by my senior staff and caretaker team.
“I make it clear they are not allowed on school grounds, but that doesn’t help parents if the collectors are still hanging around on the pavement. Some of the parents are really scared and upset.”
The headteacher said parents have been hiding from loan sharks. But the lenders know that the mums and dads have no choice other than to pick up their children from school.
The teacher added: “We have to intervene when they become aggressive with parents, or parents are so scared that we have had to give them sanctuary.”
The warning about the shocking tactics was issued by the Illegal Money Lending Team in England, which co-ordinates probes into loan sharks.
Tony Quigley, who runs the organisation, said: “We had a case where the loan shark would cut the wires to someone’s television and phone and just sit outside the house.
“It’s obviously quite intimidating if you are in the house on your own. The same guy would collect the person’s children from school and bring them home.
“He wouldn’t do anything to harm them, but it was a message that this is what they could do.
“It’s a form of control and it’s similar in a way to domestic violence.”