- Apr 8, 2006
It's Def not loan shark debt... That debt isn't listed against any central registers and all that...Think it is a bad thing if most of that debt is from the banks because the bill is footed by paying customers like most of us. If it's from loan sharks then it's a good thing.
End result either way is no more easy loans for the poor. So people will starve/suffer after their once off freebie loan.
All this legislation will achieve in the long run is hiking the risk profile of people earning less than 7500 and make it harder for them to get legitimate debt from registered providers..