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sarahbell

Average payday loan borrower

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£4700 of non mortgage debts is probably because people get given £5k credit card limit. Reduce that and you'd reduce debt. reduce debt and you'd reduce the need for pay day loans.
Suspect the bill they're struggling to pay most is the £4700 credit card debt.

(Barclaycard (cos it was first to come up) 

Monthly minimum payment £115.27
Monthly interest £68.27

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Equality gap here, but we won't know about it as it goes against the current narrative.

Income £20K, UK average £26K. So he has to make up the shortfall with credit cards.

This male is unlikely to be a teacher, council or NHS worker.

The answer - time to identify as something else other than a male and 35.

Edited by 201p

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3 minutes ago, 201p said:

Equality gap here, but we won't know about it as it goes against the current narrative.

Income £20K, UK average £26K. So he has to make up the shortfall with credit cards.


checks loan companies should do:

1. Why do they need the money? 
2. breakdown of what they spend currently 
3. Are they entitled to benefits of any sort (35 yr old male - are they exempt from all benefits?)
4. Do they have current debt (If the answer to this is yes then they shouldn't be given more debt, but perhaps helped to get it on lower interest rate or a payment break)
5. Just say NO. the answer should almost always be no. 

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14 minutes ago, One percent said:

Easiest thing for this bloke to do is get shacked up, couple of kids, 16 hours a week contract and he is sorted 

self identify as female too - all the privilege that goes with that too - and if anyone tells you you're being stupid scream DISCRIMINATION, TRANSPHOBIA, OPPRESSION! REEEEEEEEEEEEEEEEEEEEEKKKKKKKKKKKT

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Slightly O/T bit whenever I see that national average wage of 26k I think really?

Perhaps I've just lived in places where that sort of wage would be looked upon as 'pretty decent' rather than 'average'.

Edited by Sgt Hartman

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5 minutes ago, Sgt Hartman said:

Slightly O/T bit whenever I see that national average wage of 26k I think really?

Perhaps I've just lived in places where that sort of wage would be looked upon as 'pretty decent' rather than 'average'.

Average wage is minimum wage around here. 

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6 minutes ago, eight said:

Average wage is minimum wage around here. 

Yup. Where I used to live was one of the most expensive places in England outside of London. Anyone living there on that wage would have been chuffed as the pay rates for work around there were absolutely shithouse.

Same here to be honest.

 

Edited by Sgt Hartman

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1 hour ago, Sgt Hartman said:

Slightly O/T bit whenever I see that national average wage of 26k I think really?

Perhaps I've just lived in places where that sort of wage would be looked upon as 'pretty decent' rather than 'average'.

Its the mean wage.

When you come to towns you need to know the local median.

Pull London out and even the mean will be low - 22k-ish.

My quick n ready reckoner is  that, outside London./SE, the average family income is 25k + 15k/20k.

Its rare youll meet a couple where both earn 30k+.

Which is why I reckon that UK average houses are going to go back to 130k.

 

 

 

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I'd be interested to know whether the average customer is single, in a relationship, has children etc, so is it "head" of household taking out the loan or generally single people struggling without support from benefits?

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3 hours ago, Sgt Hartman said:

Slightly O/T bit whenever I see that national average wage of 26k I think really?

Perhaps I've just lived in places where that sort of wage would be looked upon as 'pretty decent' rather than 'average'.

Your correct Im bang on 26 k and I know I’m better off than most around here

3 hours ago, eight said:

Average wage is minimum wage around here. 

Exactly

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4 hours ago, Sgt Hartman said:

Slightly O/T bit whenever I see that national average wage of 26k I think really?

Perhaps I've just lived in places where that sort of wage would be looked upon as 'pretty decent' rather than 'average'.

indeed, 26k??? Load of bollocks. It's probably about £16-17k in reality, before tax.

Would love to know what the "average" user of payday loans is wanting to buy / pay off. Curious that this wasn't included. I suspect it'll be either rent, or living costs, rather than "the latest iPhone X" as people sometimes assume. No chance of bringing up the causes of high rents though on the So-Called BBC News website.

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4 hours ago, Sgt Hartman said:

Slightly O/T bit whenever I see that national average wage of 26k I think really?

Perhaps I've just lived in places where that sort of wage would be looked upon as 'pretty decent' rather than 'average'.

Mean wage is probably far lower.

Mean income might well be 26k.

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4 hours ago, sarahbell said:


checks loan companies should do:

1. Why do they need the money? - Basic living expenses
2. breakdown of what they spend currently - Rent and taxation
3. Are they entitled to benefits of any sort (35 yr old male - are they exempt from all benefits?) Fuck no - they are working men
4. Do they have current debt (If the answer to this is yes then they shouldn't be given more debt, but perhaps helped to get it on lower interest rate or a payment break) Of course they do, they are stick in the debt trap - deliberately so. We need slaves from somewhere and the Somalis and Mipuris won't suffice
5. Just say NO. the answer should almost always be no. Too right - usury is a sin. But all the rent, tax and extractions are sins also. 

 

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So, this triggered me enough to join the site.  

Median full time gross.  Sure it comes in lighter when you bundle in part time.  
But 

image.png.ec0987c582e66839bf8d7c7870647ff4.png

Data is available from the ONS.  
 

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36 minutes ago, feed said:

So, this triggered me enough to join the site.  

Median full time gross.  Sure it comes in lighter when you bundle in part time.  
But 

image.png.ec0987c582e66839bf8d7c7870647ff4.png

Data is available from the ONS.  
 

£29k media for SE? Not sure I believe.

Although a quick glance at the median salaries for some jobs is very high - teacher, £40k. NHS nurse £32k. How on earth are apparently many of these NHS nurses not able to buy food on £32k a year and having to rely on food banks. 

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16 minutes ago, spunko said:

£29k media for SE? Not sure I believe.

Although a quick glance at the median salaries for some jobs is very high - teacher, £40k. NHS nurse £32k. How on earth are apparently many of these NHS nurses not able to buy food on £32k a year and having to rely on food banks. 

Look Spunko, if you went on three luxury foreign holidays a year and drove a new Audi convertible whilst on £32k then you'd need to use a foodbank.

Have a heart man.

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8 minutes ago, MrPin said:

There's less money out there than we are led to believe. Hence all the TV about money.

It's all bollocks, Pin. Nobody is as wealthy as they make out with very few exceptions. I watched one of those 100% neutral "universal credit is literally the worst thing ever" programmes last night on C4, it's all Iain Duncan Smith's fault.

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