A few people have mentioned about payday loan companies.
Why, exactly?
Yes, the rates on said loans are high – but when you sign up for one you’re made well aware of the rates etc. yet people still go ahead with them. Comments are made that these companies are taking even more from people who have nothing, but if that’s the case, maybe you shouldn’t borrow £600 for a new television and end up repaying nearly double or whatever the amount is.
I remember speaking with a chap once who had an involvement with one of these companies and he mentioned that people constantly go on about the immorality of such a business, but what people don’t realise is the amount of money that is lost through people just disappearing as soon as they have received their loan money.
It’s quite simple, if you don’t like the way they work then don’t use them.
Not one person has mentioned Starbucks, a company that has avoided paying millions in taxes by employing people to use and abuse the system which in turn effects everyone in the country.