Loan sharks biting poor pockets - big time

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Tue, 20 Jul 2010 7:00p.m.

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If you are paying a mortgage you will be paying around six or seven percent in interest to the bank.

If you are paying a mortgage you will be paying around six or seven percent in interest to the bank.

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2/12/2010 11:57:42 a.m.

Paula wrote:

These b....ds only feed on those who can not get finacial help anywhere else. Amazing Loans charge $8,000+ set up fee for a$10,000 loan, tell me thats not ripping off the poor. I hope they fry in hell myself. I hate anyone who steals from the poor, its bad enough the government gets to do it why should these mongrels get rich off destroying everyone else.

21/07/2010 2:28:28 p.m.

David wrote:

Rather than more regulation which the loan sharks would most likely ignore in any case, better to educate potential 'victims' of their rights and all options when it comes to finding finance.

21/07/2010 1:16:50 p.m.

Mathis wrote:

I would love too see that, Being young and dumb Fallen into that trap before... didn't understand the high rate compared to the banks.