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[英伦广角] 【整理】2010-08-29 应严格规范“合法高利贷”

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[英伦广角] 【整理】2010-08-29 应严格规范“合法高利贷”

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Call For Strict Rules On 'Legal Loan Sharks'


According to a poll by the think tank Compass, 68% believe the government should introduce a lending rate cap on credit cards, store cards and payday loans. Currently, 1.2m people owe £1.2bn in payday loans alone, as Gavin Hayes from Compass explains.

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quanyingbao19在 整理的参考文本:
According to a new poll by the think tank Compass, 68% people believe the government should be introducing a lending rate cap on things such as credit cards, store cards and even the, what they call, payday loans. Seven in ten want the government to provide alternative sources of affordable credit via post banks or credit unions and community development finance initiatives, no less. Currently, 1.2 million people owing £1.2 billion in those payday loans alone. Joins us now, Gavin Hayes, General Secretary of the Compass, behind this research. Good morning, thanks for coming.

First of all, what is the payday loan, and why this is so damaging?

Well, this is a short-term loan, usually over short-term periods. But some short-term lenders are charging an excessive 2.5 thousand percent on APRs for these loans, and often this puts people in this pile of debts that they can't get out of and causes huge problems for people. I mean this used to be called loan-sharking, and this is one of the charges that’s being made on even credit cards that it's legalized loan-sharking.

Yeah, and that's right. And the government has in fact committed to taking action on storing credit cards, however what it hasn't yet committed to do,  is taking action on the unsecured credit market, that you know,  the payday loans. And obviously when we've got these excessive rates of an excessive 2.5 thousand percent, we believe that the right policy would be a lending rate cap, to cover all consumer prices.

Is it the difficulty though when you get a non-secured loan that you could, you know, understand why a lender may want that, ah, if you like, extra safety net to assume that people are not going to keep this loan outstanding that you have to pay it off quickly to avoid such charges.

Sure, but, I mean, the problem is that a lot of these lenders are charging excessive rates. Sure, you know, they might need to charge a little bit more because it's a short-term loan.

Or perhaps not explaining, I mean that is the other issue, you know, people don't realize that they are going to get to these rates.

Well, I mean, it is often clear what the rates are but then the problem is that they often, the default setting on a lot of these loans, as they renew from month to month to month, and may not obviously if you are paying an interest rate in an excessive rate of 2.5 thousand percent. That soon, you know, adds up ...

But, is it also the case that when you go to most of the people and say APR, they just don’t know what we are talking about, you know, you actually try to work out what the rate of interest will be over a certain period , most people have real difficulty trying to understand that.

Yeah, I think there are problems around, I mean the transparency, in terms of a lot of lending, and what it actually means is that some lenders are actually charging up to £82 for every £100 borrowed. And obviously this is causing huge difficulties for people .

When the base rate is 0.5%.

Half a percent.

Extraordinary, isn't?


quanyingbao19在 整理的生词:
payday loan: 发薪日贷款 A payday loan (also called a paycheck advance or payday advance) is a small, short-term loan that is intended to cover a borrower's expenses until his or her next payday.

APR:年利率 annual percentage rate

loan-sharking:高利贷

the practice of lending money at exorbitant rates of interest

transparency:透明度

1: something transparent especially: a picture (as on film) viewed by light shining through it or by projection

2: the quality or state of being transparent

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homework

  According to a new poll by the think tank Composite, 68% people believe the government should be introducing a lending rate cap on things like credit cards, store cards and even  their payday loans. Seven in ten want the government to write a total sources of 4 rule credit /, post banks, credit unions and community development finance initiatives, no less. Currently,  1.2 million people owning £1.2 billion in those payday loans alone. Joins us now, Johns /, General Secretary of the Composite, behind all those social work. Good morning, thanks for coming in.

First of all, what is the payday loaners, and why they are so damaging?

Well, this is a shore-term loan, usually over a short term period. But some short term lenders are charging some in an excessive 2.5 thousand percents APRs for these loans, and often this puts  people in the spare of debts that they can't get out of (it) and causes huge problems for those people.

And I mean this is always called "loan shock", and this is one of the most charges that are being made on even credit cards, and this is legalized" loan shock".

Yeah, and that's right. The government hasn't in fact committed to take action on store cards and credit cards, however what it hasn't yet committed to do,  it is taking action on the unsecure credit market, and you know,  the payday loans. And obvious we've got  excessive rate of an excessive 2.5 thousand percents, we believe that the right policy would be a lending rates cut, to cut all consumer interest rate.

Is it a difficulty though when we announce insecure loans, that you couldn't, you know, understand why lenders may want that, ah, if you feel like, extra safety net to assume that people are not going to keep their loans outstanding but you have to pay it off quickly to avoid such charges.

Sure, but, I mean, the problem is that a lot of these lenders are charging excessive rates. Sure, you know, they might be charging a little bit more because ......

Or perhaps / not spinning. I mean that is another issue, you know, people don't realize that they are going to get this rates.

Well I mean, it is often clear what the rates are but then the  problems is they often default setting on a lot of pieces (of?) loans, ah, for month to month to month, and I'm not obviously depicting an interest rate in an excessive rate of 2.5 thousand percents. That soon, you know, ends up ...

Well, is it also the case when you go to most of the people and say APR, that is just what we are talking about, you know, we actually try to work out what the rate of interest will over a period , most of the people have real difficulty trying to understand ....

Yeah, I think there are problems around, and transparency, in terms of a lot of lending, and I would actually mean it is that some lenders are actually charging up to £82   / borrowed. And obviously this has caused huge difficulties for people

When the base rate is 0.5%.
1

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  • quanyingbao19

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本帖最后由 quanyingbao19 于 2010-8-30 00:24 编辑

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According to a new poll by the think tank Compass, 68% people believe the government should be introducing a lending rate cap on things such as  credit cards, store cards and even the,what they call, payday loans. Seven in ten want the government to write alternative sources of affordable credit via post banks, credit unions and community development finance initiatives, no less. Currently, 1.2 million people owing £1.2 billion in those payday loans alone. Joins us now, Gavin Hayes, General Secretary of the Compass, behind this issue. Good morning, thanks for coming in.

First of all, what is the payday loan/, and why they are so damaging?

Well, this is a short term loan, usually over short term periods. But some short term lenders are charging / an excessive 2.5 thousand percents on APRs for these loans, and often this puts people in the spile of debts that they can't get out of / and causes huge problems for / people.

And I mean this used to be called loan shocking, and this is one of the most charges / being made on even credit cards that it's legalized loan shocking.

Yeah, and that's right. The government hasn't in fact committed to take action on storing credit cards, however what it hasn't yet committed to do,  it is taking action on the unsecure credit market, and you know,  the payday loans. And obviously when we've got  excessive rates of an excessive 2.5 thousand percent/, we believe that the right policy would be a lending rates cap, to cover consumer prices.

Is it a difficulty though when you get a non-secure loan/, that you could, you know, understand why a lender/ may want that, ah, if you / like, extra safety net to assume that people are not going to keep this loan/ outstanding but you have to pay it off quickly to avoid such charges.

Sure, but, I mean, the problem is that a lot of these lenders are charging excessive rates. Sure, you know, they might need to charge a little bit more because it's a short...
Or perhaps not explaning,I mean that is the other issue, you know, people don't realize that they are going to get to these rates.

Well I mean, it is often clear what the rates are but then the  problems is they are often default setting on a lot of these loans, as they renew from month to month to month, and may not obviously if you are paying an interest rate in an excessive rate of 2.5 thousand percents. That soon, you know, adds up ...

Well, is it also the case when you go to most of the people and say APR, that is just what we are talking about, you know, you actually try to work out what the rate of interest will be over a certain period , most / people have real difficulty trying to understand ....

Yeah, I think there are problems around, I mean the transparency, in terms of a lot of lending, and um what actually means / is that some lenders are actually charging up to £82  of every £100 borrowed. And obviously this is causing huge difficulties for people

When the base rate is 0.5%.
Half a percent.
Extraordinary,isn't?

This post was generated by put listening repetition system,  Check the original dictation thread!
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  • quanyingbao19

实现无障碍英语沟通
On linguisticsgirl
According to a new poll by the think tank Compass, 68% people believe the government should be introducing a lending rate cap on things such as  credit cards, store cards and even the, what they call, payday loans. Seven in ten want the government to write alternative sources of affordable credit via post banks or credit unions and community development finance initiatives, no less. Currently, 1.2 million people owing 1.2 billion in those payday loans alone. Joins us now, Gavin Hayes, General Secretary of the Compass, behind this research. Good morning, thanks for coming in.

First of all, what is the payday loan/, and why they are so damaging?

Well, this is a short term loan, usually over short term periods. But some short term lenders are charging / an excessive 2.5 thousand percents on APRs for these loans, and often this puts people in
this pile
of debts that they can't get out of / and causes huge problems for / people.

And I mean this used to be called loan shocking, and this is one of the
/ charges that’s being made on even credit cards that it's legalized loan
shock.

Yeah, and that's right. And the government hasn't in fact committed to taking action on storing credit cards, however what it hasn't yet committed to do,  it is taking action on the unsecured credit market, and you know,  the payday loans. And obviously when we've got these excessive rates of an excessive 2.5 thousand percent/, we believe that the right policy would be a lending rate cap, to cover all
consumer prices.

Is it a difficulty though when you get a non-secure loan/, that you could, you know, understand why a lender/ may want that, ah, if you / like, extra safety net to assume that people are not going to keep this loan/ outstanding
that
you have to pay it off quickly to avoid such charges.

Sure, but, I mean, the problem is that a lot of these lenders are charging excessive rates. Sure, you know, they might need to charge a little bit more because it's a short...
Or perhaps not
explaining, I mean that is the other issue, you know, people don't realize that they are going to get /
these rates.

Well I mean, it is often clear what the rates are but then the
problem is they are often default setting on a lot of these loans, as they renew from month to month to month, and may not obviously if you are paying an interest rate in an excessive rate of 2.5 thousand percent
. That soon, you know, adds up ...

Well, is it also the case when you go to most of the people and say APR,
they just don’t know what we are talking about, you know, you actually try to work out what the rate of interest will be over a certain period , most / people have real difficulty trying to understand ....

Yeah, I think there are problems around, I mean the transparency, in terms of a lot of lending, and um what actually means / is that some lenders are actually charging up to
82  of every 100 borrowed. And obviously this is causing huge difficulties for people

When the base rate is 0.5%.
Half a percent.
Extraordinary, isn't?
1

评分次数

  • quanyingbao19

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本帖最后由 quanyingbao19 于 2010-8-30 14:27 编辑

请标明自己在谁的帖子基础上修改的,请查看发帖须知。 改成homework了,谢谢!

hw

According to a new poll by the think tank Compass, 68% people believe the government should be introducing a lending rate cap on things such as  credit cards, store cards and even the,what they call, payday loans. Seven in ten want the government to write alternative sources of affordable credit via post banks, credit unions and community development finance initiatives, no less. Currently, 1.2 million people owing £1.2 billion in those payday loans alone. Joins us now, Gavin Hayes, General Secretary of the Compass, behind this issue. Good morning, thanks for coming in.

First of all, what is the payday loan/, and why they are so damaging?

Well, this is a short term loan, usually over short term periods. But some short term lenders are charging / an excessive 2.5 thousand percents on APRs for these loans, and often this puts people in the spile of debts that they can't get out of / and causes huge problems for / people.

And I mean this used to be called loan shark, and this is one of the most charges / being made on even credit cards that it's legalized loan shark.

Yeah, and that's right. The government hasn't in fact committed to take action on storing credit cards, however what it hasn't yet committed to do,  it is taking action on the unsecure credit market, and you know,  the payday loans. And obviously when we've got  excessive rates of an excessive 2.5 thousand percent/, we believe that the right policy would be a lending rates cap, to cover consumer prices.

Is it a difficulty though when you get a non-secure loan/, that you could, you know, understand why a lender/ may want that, ah, if you / like, extra safety net to assume that people are not going to keep this loan/ outstanding but you have to pay it off quickly to avoid such charges.

Sure, but, I mean, the problem is that a lot of these lenders are charging excessive rates. Sure, you know, they might need to charge a little bit more because it's a short...
Or perhaps not explaning,I mean that is the other issue, you know, people don't realize that they are going to get to these rates.

Well I mean, it is often clear what the rates are but then the  problems is they are often default setting on a lot of these loans, as they renew from month to month to month, and may not obviously if you are paying an interest rate in an excessive rate of 2.5 thousand percents. That soon, you know, adds up ...

Well, is it also the case when you go to most of the people and say APR, they just don't know what we are talking about, you know, you actually try to work out what the rate of interest will be over a certain period , most / people have real difficulty trying to understand ....

Yeah, I think there are problems around, I mean the transparency, in terms of a lot of lending, and um what actually means / is that some lenders are actually charging up to £82  of every £100 borrowed. And obviously this is causing huge difficulties for people

When the base rate is 0.5%.
Half a percent.
Extraordinary,isn't?
Homework:

According to a new poll by the think tank Compass, 68% people believe the government should be introducing a lending rate cap on things such as credit cards, store cards and even now, what they call payday loans.

7 in 1o want the government to write alternative sources of affordable credits via post banks or credit unions and community development finacial initiaties no less.

Currently 1.2 million people owing 1.2 billion pounds in those payday loans alone.

Join us now, Gavin Hayes, genenral secretary for Compass behind these issues, good morning, thanks for coming in.

Good morning.

First of all, what's a payday loaner, why is it so damaging?

This is a short-term load usually over a short-term period, but some short-term lenders are charging an excessive 2,500%, APRs for these loans. And often this puts people in a spiral of death that they can't get out of, and causes huge problems for people.

I mean, this used to be called loan sharking and this is one of the charges been made on even credit cards, that it's legalized loan sharking.

Yean, and that's right, and the government has in fact committed to taking action on store and credit cards , however, what it hasn't yet committed to do, is taking action on the unsecured credit market, that you know, the payday loans. And obviously when we got these excessive rates of an excessive 2,500%, we believe that the right policy would be a lending rate cap to cover all consuming credits.

Is there difficulty that when you get an unsecured loan that you can understand why a lender may want that, if you like extra safety net to assume that people are not going to keep this loan outstanding, that you have to pay it off quickly to avoid such charges.

Sure, but I mean the problem is that a lot of these lenders are charging excessive rates, sure, they might need to charge a little bit more because it's a short-term lending.

Or perhaps it's not explaining, I mean that's the other issue, that you know, people don't realize they're gonna get these rates.

What I mean, I mean it's often clear what the rates are, but then the problem is they often they default setting on a lot of these loans. They will knew from months to months for months, I know, obviously if you're paying an interest rate in excessive 2,500%, that soon, you know, adds up.

But is it also the case when you go to most people and say APR, they just don't know what we're talking about, you know we actually try to work out what the interest rate should be over a certain period, most people have real difficulty trying to understand that.

Yes, I think there are problems around on the transparency in terms of lots of lending. What I actually means is that some lenders are actually charging up to 82 pounds for every 100 pounds borrows. And we all see this is causing huge difficulties when the basic rate is half a percent, half a percent extraordinary.
1

评分次数

good morning,thanks for coming in.
first of all, what's the payday loaners?why are they so damaging?
this is a short term loan.usually over a short term period, but some short term lends charging in an excessive  2 and half  thousand percents on APRs, and for these loans.and often,this puts people in spare of days, they can't get out of , and cz huge problem for people.
i mean, this is used to be called loan sharking,this is one of the charges being made on even credit cards, it's legalize loan sharking.
yeah, and that's right,the government has in fact committed to  take actions on storing credit cards .however,what it hasn't yet committed to do is taking actions on the    unsecure  credit market. you know,the payday loans. and we see when we got the excessive rate in excessive 2 and a half thousand percent, we believe that the right policy will be the lenders' right cap,to cover all the consumers  questions.

is it difficulty when you get unsecure loan ,you could understand why a lender may want that, if you like extra savety enough  to assume people not keep the loan understanding that you have to pay it off quickly to avoid extra charges .

sure, but i mean, the prober  means is that a lot of these lenders are charging a exessive rates.sure, they might need to charge a little bit more because it's a short term loaning.
or perhaps not explaning,i mean, that 's anoter issues,you know,people don't realize you gonna get to these rates.
well, i mean, it 's  often clear what the rates are, but then, the problem is it's often the devolt setting on the load of these loans,they were new from months to months,and not abviously if you paying an interests  in an excessive 2 and a half thousand percent, that sum that....        
but it is also the case ,when you go to most people and say APR,they just don't know what you are talking about, she try to work out what the rate interest will be in a certain period.  most peole find difficulty try to understand that.
yeah, i think   there are problems around  of the transpirancy in terms of a lot of lending.i would actually means it. is that some lenders actually charges up to eighty two pounds where every a hundred pounds borrowed,  and we over see this  is  causing huge difficulties when the basic rate is half a percent.
extraordinary isn't it?

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On 崔花花

According to a new poll by the think tank Compass, 68% people believe the government should be introducing a lending rate cap on things such as credit cards, store cards and even the, what they call, payday loans. Seven in ten want the government to write alternative sources of affordable credit via post banks or credit unions and community development finance initiatives, no less. Currently, 1.2 million people owing £1.2 billion in those payday loans alone. Joins us now, Gavin Hayes, General Secretary of the Compass, behind this research. Good morning, thanks for coming in.

First of all, what is the payday loan, and why they are so damaging?

Well, this is a short term loan, usually over short term periods. But some short term lenders are charging an excessive 2.5 thousand percent on APRs for these loans, and often this puts people in this pile of debts that they can't get out of and causes huge problems for people.

I mean this used to be called loan sharking, and this is one of the charges that’s being made on even credit cards that it's legalized loan shark.

Yeah, and that's right. And the government has in fact committed to taking action on storing credit cards, however what it hasn't yet committed to do,  is taking action on the unsecured credit market, that you know,  the payday loans. And obviously when we've got these excessive rates of an excessive 2.5 thousand percent, we believe that the right policy would be a lending rate cap, to cover all consumer prices.

Is it a difficulty though when you get a non-secure loan that you could, you know, understand why a lender may want that, ah, if you like, extra safety net to assume that people are not going to keep this loan outstanding that you have to pay it off quickly to avoid such charges.

Sure, but, I mean, the problem is that a lot of these lenders are charging excessive rates. Sure, you know, they might need to charge a little bit more because it's a short-term loan.

Or perhaps not explaining, I mean that is the other issue, you know, people don't realize that they are going to get to these rates.

Well, I mean, it is often clear what the rates are but then the problem is that they often, the default setting on a lot of these loans, as they renew from month to month to month, and may not obviously if you are paying an interest rate in an excessive rate of 2.5 thousand percent. That soon, you know, adds up ...

But, is it also the case that when you go to most of the people and say APR, they just don’t know what we are talking about, you know, you actually try to work out what the rate of interest will be over a certain period , most people have real difficulty trying to understand ...

Yeah, I think there are problems around, I mean the transparency, in terms of a lot of lending, and um what it actually means is that some lenders are actually charging up to £82  of every £100 borrowed. And obviously this is causing huge difficulties for people ...

When the base rate is 0.5%.

Half a percent.

Extraordinary, isn't?
1

评分次数

普特听力大课堂
on 白衣人


According to a new poll by the think tank Compass, 68% people believe the government should be introducing a lending rate cap on things such as credit cards, store cards and even the, what they call, payday loans. Seven in ten want the government to provide alternative sources of affordable credit via post banks or credit unions and community development finance initiatives, no less. Currently, 1.2 million people owing £1.2 billion in those payday loans alone. Joins us now, Gavin Hayes, General Secretary of the Compass, behind this research. Good morning, thanks for coming.

First of all, what is the payday loan, and why this is so damaging?
Well, this is a short-term loan, usually over short-term periods. But some short-term lenders are charging an excessive 2.5 thousand percent on APRs for these loans, and often this puts people in this pile of debts that they can't get out of and causes huge problems for people. I mean this used to be called loan-sharking, and this is one of the charges that’s being made on even credit cards that it's legalized loan-sharking.


Yeah, and that's right. And the government has in fact committed to taking action on storing credit cards, however what it hasn't yet committed to do,  is taking action on the unsecured credit market, that you know,  the payday loans. And obviously when we've got these excessive rates of an excessive 2.5 thousand percent, we believe that the right policy would be a lending rate cap, to cover all consumer prices.


Is it the difficulty though when you get a non-secured loan that you could, you know, understand why a lender may want that, ah, if you like, extra safety net to assume that people are not going to keep this loan outstanding that you have to pay it off quickly to avoid such charges.
Sure, but, I mean, the problem is that a lot of these lenders are charging excessive rates. Sure, you know, they might need to charge a little bit more because it's a short-term loan.


Or perhaps not explaining, I mean that is the other issue, you know, people don't realize that they are going to get to these rates.
Well, I mean, it is often clear what the rates are but then the problem is that they often, the default setting on a lot of these loans, as they renew from month to month to month, and may not obviously if you are paying an interest rate in an excessive rate of 2.5 thousand percent. That soon, you know, adds up ...


But, is it also the case that when you go to most of the people and say APR, they just don’t know what we are talking about, you know, you actually try to work out what the rate of interest will be over a certain period , most people have real difficulty trying to understand that.


Yeah, I think there are problems around, I mean the transparency, in terms of a lot of lending, and what it actually means is that some lenders are actually charging up to £82 for every £100 borrowed. And obviously this is causing huge difficulties for people .
When the base rate is 0.5%.
Half a percent.
Extraordinary, isn't?
surpass
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HW:

According to a new poll by think tank Compass, 68% of people believe the government should introduce a lending rate cap on things such as credit cards, storecards, and even now what they called payday loans. seven in ten want the government to provide a total source of its affordable credit via pose banks or creidt unions, and community development of finance initiatives.

no less, currently, 1.2 millin people owning 1.2 billion pounds in those payday loans alone. Join us Gavin Higger general secretary fro Compass behind this research. Good morning, thanks, coming in. First of all, what's the payday loan, and why it's so damage.

Um, well, this is short-term loaning, you should owe a short term periods, but some on short-term lenders' charging. It excessed 2.5 thousand percents on APRs for these loans. And often this puts people in spiral of the diet, they can't get out of it, and cause a huge problem for people.

I mean, this used to be called loan-shocking. this is one of charges are being made on even credit cards, so,it's legalize loan-shocking.

Yeah, and that's right. The government has in fact committees taking action on storing credit cards. However, what it hasn't yet committee to do. On it's taking action on the unsecure credit market, that you know, payday loans. And oversea, when we got these excessive rates in excess of 2.5 thousand percent. We believe that the right policy will be a lending rate cap. it's cover all consumer price.

Is it difficult though when you get an unsecure loan that you can understand why lender. They were debts, if you like extra safty net to assume people are not gonna keep this loan outstanding that you have to pay it off quickly to avoid such charges.

Sure, but I mean, the problem is that a lot of these lenders are charging excessive rates. Sure, you know, they might need to be charged a little bit more, because the it's  short-term loan.

Oh, perhaps, not is explaining. I mean that's another issue, you know, people don't realize that they can get these rates.

What I mean, I mean, is it often clear what rates are, but then problem is that they often a defaut setting on a lot of these loans, is it renew from month to month to month, and not obviously if you're paying an interest rate in an excesse of 2.5 thousand percent, that soon, you know, adds up...

But is it also the case when you go to most people are saying APR, they just don't want to talk about it, you know, you actually try to work out what rate interest will be overly in certain period. Most people have real difficulty trying to understand.

Yeah, I think there're problems around us, the transparency, in terms of a lot of lending, and what it actually means is that some lenders are actually charging upto 82 pound for every 100 pounds borrowed. And obviously this is causing a huge difficulties when the base rate is 0.5%.

Half percent

extraordinary, isn't?
本帖最后由 大不了哭 于 2010-9-2 20:32 编辑

on 整理(可以on整理吧?)




According to a new poll by the think tank Compass, 68% people believe the government should be introducing a lending rate cap on things such as credit cards, store cards and even the, what they call, payday loans. Seven in ten want the government to provide alternative sources of affordable credit via post banks or credit unions and community development finance initiatives, no less. Currently, 1.2 million people owing 1.2 billion in those payday loans alone. Joins us now, Gavin Hayes, General Secretary of the Compass, behind this research. Good morning, thanks for coming.




First of all, what is the payday loan, and why this is so damaging?




Well, this is a short-term loan, usually over a short-term period(与前面的short-term loan对应,没有s!!). But some short-term lenders are charging an excessive 2.5 thousand percent on APRs for these loans, and often this puts people in a pile of debts that they can't get out of and causes huge problems for people. I mean this used to be called loan-sharking, and this is one of the charges that’s being made on even credit cards that it's legalized loan-sharking.




Yeah, and that's right. And the government has in fact committed to taking action on storing credit cards, however what it hasn't yet committed to do, is taking action on the unsecured credit market, that you know, the payday loans. And obviously when we've got these excessive rates of an excessive 2.5 thousand percent, we believe that the right policy would be a lending rate cap, to cover all consumer prices.




Is it the difficulty though when you get a non-secured loan that you could, you know, understand why a lender may want that, ah, if you like, extra safety net to assume that people are not going to keep this loan outstanding that you have to pay it off quickly to avoid such charges.




Sure, but, I mean, the problem is that a lot of these lenders are charging excessive rates. Sure, you know, they might need to charge a little bit more because it's a short-term loan.




Or perhaps not explaining, I mean that is the other issue, you know, people don't realize that they are going to get to these rates.




Well, I mean, it is often clear what the rates are but then the problem is that they often, the default setting on a lot of these loans, as they renew from month to month to month, and may not obviously if you are paying an interest rate in an excessive /(没有rate of) 2.5 thousand percent. That soon, you know, adds up ...




But, is it also the case that when you go to most of/(没有the) people and say APR, they just don’t know what you (当你和别人说APR时,别人不知道你在说什么) are talking about, you know, you actually try to work out what the rate of interest will be over a certain period , most people have real difficulty trying to understand that.




Yeah, I think there are problems around, I mean the transparency, in terms of a lot of lending, and what it actually means is that some lenders are actually charging up to 82 for every 100 borrowed. And obviously this is causing huge difficulties for people .




When the base rate is 0.5%.




Half a percent, exactly.




Extraordinary, isn't?

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