In the “good old days” (whatever that means anymore), people often used layaway to purchase items when they couldn’t afford to plunk down the entire sum. It was popular during the Great Depression, but the arrival of the credit card in the ‘80s brought about its sharp decline. Now, in recent years, a slew of companies are popping up to resurrect the service for Millennials and Gen Z. Affirm, Klarna, Afterpay—you’ve probably seen one or many of these options when you go to check out of your onlin
that s how i see it. there s no paperwork and no credit check for a reason. and that reason is you re not protected. they re not checking your credit history because they don t care if you can pay it back. they will absolutely bleed you dry. maybe they threaten you explicitly, in terms of physical harm, or it may be subtler than that. a lot of the time it s much more about being in someone s head than it is about breaking their legs. there is no such thing as an average loan shark any more. a fifth of those arrested by cath waller s team last year were female, and some were in their 70s. new research from non profit fairliallfinance and fraud prevention firm we fight fraud shows illegal money lenders could be businessmen, religious leaders and working men and women. the authors of this report spoke to more than 200 current and former clients, as well as eight illegal lenders. the research can t be generalised, but it found that while violence is still used, it s rarer than you might th
like, the ones that seriously take the- have no - intention of paying you. they re the ones in trouble. what does trouble mean? replace your vehicle, replace your windows, your door, broken nose, smashed up eye sockets. they re going to wish they paid me. they get a chance to explain themselves, and that s it. i am outside your house. and you don t want me outside your house. does it have to be so brutal, when these are vulnerable people.? the ones it happens to aren t the vulnerable ones. they re borrowing money to make money. these people can pay me back. they can. i see it as they don t want to. he told me he has lent money to hundreds of people, from £500 right up to £100,000. would you say, with the cost of living going up, people are generally going more to moneylenders? yes. they re defaulting on their loans, on their mortgages. i help. that s how you see it? that s how i see it. there s no paperwork and no credit check for a reason. and that reason is you re not protected. th
would you say, with the cost of living going up, people are generally going more to moneylenders? yes. they re defaulting on their loans, on their mortgages. i help. that s how you see it? that s how i see it. there s no paperwork and no credit check for a reason. and that reason is you re not protected. they re not checking your credit history because they don t care if you can pay it back. they will absolutely bleed you dry. maybe they threaten you explicitly, in terms of physical harm, or it may be subtler than that. a lot of the time it s much more about being in someone s head than it is about breaking their legs. there is no such thing as an average loan shark any more. a fifth of those arrested by cath waller s team last year were female, and some were in their 70s. new research from non profit fair fairliallfinance and fraud prevention firm we fight fraud shows illegal money lenders could be businessmen, religious leaders and working men and women. the authors of this report sp