New Posts For Thread: So why is the Govt not prosecuting them ?????https://community.betfair.com/chit_chat/go/thread/view/94038/30557859/so-why-is-the-govt-not-prosecuting-themThe Govt introduced Usury Laws to prosecuteAnyone charging exhorbirant interest rates.Aimed at Back Street money lenders originally Charging 100 % or 200 % or in odd cases 300 % !!!Yes , really, 300 % !!!Now we have at approx APR's =Wonga 4,500 % !!APR is a pointless measure to assess short term loans for relatively small sums to high risk people thats why. It would be impossible to lend on any APR that would look credible to people that dont understand it.https://community.betfair.com/chit_chat/go/thread/view/94038/30557859/so-why-is-the-govt-not-prosecuting-them?post_id=545633017#545633017APR is a pointless measure to assess short term loans for relatively small sums to high risk people thats why. It would be impossible to lend on any APR that would look credible to people that dont understand it.Fri, 24 Jul 2015 17:44:12 -0500......because.....at the moment.........those that pull the strings seem to have convinced both themselves.....and the vast majority of others..........that the moral obligation and responsibility for debt seems to lie with the borrower.....rather thhttps://community.betfair.com/chit_chat/go/thread/view/94038/30557859/so-why-is-the-govt-not-prosecuting-them?post_id=545632999#545632999......because.....at the moment.........those that pull the strings seem to have convinced both themselves.....and the vast majority of others..........that the moral obligation and responsibility for debt seems to lie with the borrower.....rather thFri, 24 Jul 2015 17:40:04 -0500They are not in the same scale as the backstreet moneylenders that's why.The backstreet guys 20%/300% equates to tens of thousands APR.Still obscene btw.https://community.betfair.com/chit_chat/go/thread/view/94038/30557859/so-why-is-the-govt-not-prosecuting-them?post_id=545632949#545632949They are not in the same scale as the backstreet moneylenders that's why.The backstreet guys 20%/300% equates to tens of thousands APR.Still obscene btw.Fri, 24 Jul 2015 17:28:07 -0500No . I just think their interest rates are an absoluteAbomination !! Why are they not prosecuted ??https://community.betfair.com/chit_chat/go/thread/view/94038/30557859/so-why-is-the-govt-not-prosecuting-them?post_id=545632891#545632891No . I just think their interest rates are an absoluteAbomination !! Why are they not prosecuted ??Fri, 24 Jul 2015 17:15:28 -0500You had to borrow some ££.... Scirrors?https://community.betfair.com/chit_chat/go/thread/view/94038/30557859/so-why-is-the-govt-not-prosecuting-them?post_id=545632309#545632309You had to borrow some ££.... Scirrors?Fri, 24 Jul 2015 16:12:59 -0500Are you serious?https://community.betfair.com/chit_chat/go/thread/view/94038/30557859/so-why-is-the-govt-not-prosecuting-them?post_id=545632109#545632109Are you serious?Fri, 24 Jul 2015 15:58:35 -0500The Govt introduced Usury Laws to prosecuteAnyone charging exhorbirant interest rates.Aimed at Back Street money lenders originally Charging 100 % or 200 % or in odd cases 300 % !!!Yes , really, 300 % !!!Now we have at approx APR's =Wonga 4,500 % !!https://community.betfair.com/chit_chat/go/thread/view/94038/30557859/so-why-is-the-govt-not-prosecuting-them?post_id=545631975#545631975The Govt introduced Usury Laws to prosecuteAnyone charging exhorbirant interest rates.Aimed at Back Street money lenders originally Charging 100 % or 200 % or in odd cases 300 % !!!Yes , really, 300 % !!!Now we have at approx APR's =Wonga 4,500 % !!Fri, 24 Jul 2015 15:50:27 -0500