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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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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?
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