RobHawk Posted 1 July 2013 Share Posted 1 July 2013 If you think the majority in the UK think benefits should be cut becuase of a line they are peddled by the Government then it is you sir who are out of touch with reality, not the majority. Where did i mention benefits? Lets debate the subject at hand! That's Payday loans not benefits!! Link to comment Share on other sites More sharing options...
RobHawk Posted 1 July 2013 Share Posted 1 July 2013 I don't think I've argued the toss around payday loans in any other thread, but yes I would expect a degree of consistency to exist within my posts. That's what happens when your opinions aren't swayed by every sob story or fad you hear about. I do respect you opinion on this topic. You believe the government should step in and exercise control in order to protect people from making mistakes. I believe that leads to a blame culture (see rincewind) which ultimately helps nobody, and therefore people should be allowed to make their own mistakes. As I said earlier, as long as all charges are made explicit, people should be allowed to make their own decisions. I think people will always make mistakes, but support needs to be available in helping them learn from their mistakes. By help i don't mean monetry help, i mean support such as what the likes of the CAB do on a daily basis. Debt advise is another area where funding is being slashed and the support is becoming near non existent, that's a worry! In regards to payday loans, as i mentioned earlier, i think half the problem is financial literacy, the amount of kids leaving school who don't understand APR is shocking. How can we then expect people to make positive financial choices when we don'y provide them with the knowledge to begin with? Link to comment Share on other sites More sharing options...
indierich06 Posted 1 July 2013 Share Posted 1 July 2013 I think people will always make mistakes, but support needs to be available in helping them learn from their mistakes. By help i don't mean monetry help, i mean support such as what the likes of the CAB do on a daily basis. Debt advise is another area where funding is being slashed and the support is becoming near non existent, that's a worry! In regards to payday loans, as i mentioned earlier, i think half the problem is financial literacy, the amount of kids leaving school who don't understand APR is shocking. How can we then expect people to make positive financial choices when we don'y provide them with the knowledge to begin with? Agreed, personal financial management should certainly be on the national curriculum. That would have been more use to me than ****ing Religious Studies has ever been. Link to comment Share on other sites More sharing options...
leicsmac Posted 1 July 2013 Share Posted 1 July 2013 Agreed, personal financial management should certainly be on the national curriculum. That would have been more use to me than ****ing Religious Studies has ever been. Yep, agreed here too. People not knowing enough about how to budget and manage money is how they get in the shite in the first place, and it leads to all kinds of problems not just for them, for others too. Then the payday loan companies make a pretty penny from taking advantage of this ignorance. Knowledge is power, and because this kind of thing affects so many people the knowledge should be easily available to everyone from an early age. When you're armed with that knowledge and you still mess up financially...then people can say it is truly their fault. Like with several other issues, than answer is education. Link to comment Share on other sites More sharing options...
Rincewind Posted 1 July 2013 Share Posted 1 July 2013 I agree with Rob. There is no blame as Moose seems to think. It is circumstances that occur. Nobodys fault. It is a lot easier to say that from a distance and/if you have the knowledge support or state of mind to make the correct decisions. It is at least a better start. Link to comment Share on other sites More sharing options...
RobHawk Posted 1 July 2013 Share Posted 1 July 2013 Yep, agreed here too. People not knowing enough about how to budget and manage money is how they get in the shite in the first place, and it leads to all kinds of problems not just for them, for others too. Then the payday loan companies make a pretty penny from taking advantage of this ignorance. Knowledge is power, and because this kind of thing affects so many people the knowledge should be easily available to everyone from an early age. When you're armed with that knowledge and you still mess up financially...then people can say it is truly their fault. Like with several other issues, than answer is education. Interestingly, this will be added to the curriculum for future, although this is just 1 step along a very long road at the moment. http://www.telegraph.co.uk/finance/personalfinance/9855051/Personal-finance-education-to-be-compulsory.html Just to further emphasize my earlier point: "A 2012 Panelbase survey conducted by pfeg and the National Children's Bureau found that 43pc of seven to sixteen-year-olds worried about money, while nearly one in eight, 12pc, had borrowed money that they could not afford to repay. A separate YouGov/pfeg survey last year found that 96pc of 18-19 year olds with a credit card had never compared cards to check they were getting the best deal, while only 2pc knew what their card's APR was." Link to comment Share on other sites More sharing options...
RobHawk Posted 1 July 2013 Share Posted 1 July 2013 This just came up on my twitter feed too! Interesting read although based clearly on one side of the fence for those impartial observers: http://www.citizensadvice.org.uk/index/pressoffice/press_index/press_office-20130701b.htm Link to comment Share on other sites More sharing options...
MooseBreath Posted 1 July 2013 Share Posted 1 July 2013 I think people will always make mistakes, but support needs to be available in helping them learn from their mistakes. By help i don't mean monetry help, i mean support such as what the likes of the CAB do on a daily basis. Debt advise is another area where funding is being slashed and the support is becoming near non existent, that's a worry! In regards to payday loans, as i mentioned earlier, i think half the problem is financial literacy, the amount of kids leaving school who don't understand APR is shocking. How can we then expect people to make positive financial choices when we don'y provide them with the knowledge to begin with? Yes I agree with the idea of putting financial education on the curriculum, but I'm not sure it will help. Kids often just aren't interested in that kind of thing, and if you're in a position where you're taking out a payday loan then you probably werent exactly top of the class at school, let's face it. You can only go so far to help people, there is a point where people need to learn to help themselves. Link to comment Share on other sites More sharing options...
Rincewind Posted 1 July 2013 Share Posted 1 July 2013 This just came up on my twitter feed too! Interesting read although based clearly on one side of the fence for those impartial observers: http://www.citizensadvice.org.uk/index/pressoffice/press_index/press_office-20130701b.htm Yes saw it in todays newspaper. Decided not to post it as it would be dismissed because I posted. Link to comment Share on other sites More sharing options...
Jon the Hat Posted 1 July 2013 Share Posted 1 July 2013 I agree with Rob. There is no blame as Moose seems to think. It is circumstances that occur. Nobodys fault. It is a lot easier to say that from a distance and/if you have the knowledge support or state of mind to make the correct decisions. It is at least a better start. No blame? Seriously? Some people get in a mess through no fault of their own, but lets not use that to let the thousands of greedy idiots off the hook!! Link to comment Share on other sites More sharing options...
RobHawk Posted 1 July 2013 Share Posted 1 July 2013 Yes I agree with the idea of putting financial education on the curriculum, but I'm not sure it will help. Kids often just aren't interested in that kind of thing, and if you're in a position where you're taking out a payday loan then you probably werent exactly top of the class at school, let's face it. You can only go so far to help people, there is a point where people need to learn to help themselves. You'd be surprised at the number of students I see taking them! Again usually with no 'pay day' and if they do, usually with very low income. I know going to University doesn't automatically make you top of the class these days but some are very academic young people, some are mature students struggling to manage on a low income having been used to a full time wage and some a single parents just trying to get by. My point is, I don't think age or intelligence really come into it! Personality? Maybe to some extent but if we can provide children from a young age, up until they get into work or uni and have to mange money for the first time, the tools to make informed decisions, then hopefully the situation will improve. I do agree though, that some won't learn but will always have to learn from their mistakes. If this is the case and they have the underlying knowledge at least they can learn why they made a mistake, rather than learn payday loans are bad and not understand why! Link to comment Share on other sites More sharing options...
RobHawk Posted 1 July 2013 Share Posted 1 July 2013 No blame? Seriously? Some people get in a mess through no fault of their own, but lets not use that to let the thousands of greedy idiots off the hook!! Both of you are right, there are those who get in trouble through circumstances out of their control and others who are just greedy and see credit as free money. It's easy to spend £2000 on a credit card until someone asks for it back! But that's not always the case either. Either way, support should be available to help them manage and repay their debts so they can become debt free and hopefully learn from their mistakes. It's not an easy process to go through but well worth it if you are struggling with debts. As an aside if anyone wants/needs more info and (understandably) doesn't feel comfortable admitting it, you can PM me and I can send some useful info over! There's no shame in being in debt, shit happens, there is shame in ignoring it because it's only going to get worse! Link to comment Share on other sites More sharing options...
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