Bank of Dave

Dave Fishwick. What a guy.

Dave Fishwick. What a guy.

Really genuinely decent bloke

Fantastic idea that bank of dave helping support his community and keep businesses afloat that the big banks just won't lend to!

And glad someone is trying to do something about these payday loan companies I used them and caused myself no end of problems just snowballing debt they prey on the vulnerable and it's disgusting

Dave Fishwick. What a guy.

Just watched it --- class

Dave Fishwick. What a guy.

Just watched it --- class

As Smakerz says, what a genuine guy. This country needs more Dave Fishwicks.

You strike me as a bit of a Dave Fishwick, Steve. Do you want to give me 20k?

Dave Fishwick. What a guy.

Really genuinely decent bloke

Fantastic idea that bank of dave helping support his community and keep businesses afloat that the big banks just won't lend to!

And glad someone is trying to do something about these payday loan companies I used them and caused myself no end of problems just snowballing debt they prey on the vulnerable and it's disgusting

Smakerz they are a disgrace and the fact that there is no cap on the interest rates they can charge is an absolute disgrace.

I watched a programme on them the other day and some girl had taken out a £100 loan, couldnt afford to pay it back and within 3 months she owed £900. WTF!?!?!?!

Interesting that the whole market is controlled by American banks so the money isnt even staying in our economy and the reason they come over here is because America wised up to their scam.

The government have got to address pay day loans and the FOBT's. Big time.

Dave Fishwick. What a guy.

Really genuinely decent bloke

Fantastic idea that bank of dave helping support his community and keep businesses afloat that the big banks just won't lend to!

And glad someone is trying to do something about these payday loan companies I used them and caused myself no end of problems just snowballing debt they prey on the vulnerable and it's disgusting

Smakerz they are a disgrace and the fact that there is no cap on the interest rates they can charge is an absolute disgrace.

I watched a programme on them the other day and some girl had taken out a £100 loan, couldnt afford to pay it back and within 3 months she owed £900. WTF!?!?!?!

Interesting that the whole market is controlled by American banks so the money isnt even staying in our economy and the reason they come over here is because America wised up to their scam.

The government have got to address pay day loans and the FOBT's. Big time.

Yeah same happened to me pal, took £250 as I needed to fix my car urgently and paid it back for a month or two but cos I was short I kept borrowing it back ended up not affording it, offered them lots of alternatives they wouldn't listen ended up owing them £2500k plus

Needless to say I haven't paid them a penny they phone me nearly every day for three years until they just gave up, they've sold it on to debt collector now again I've just ignored all phone calls and letters

Bout 5 years gone now another year and it's statute barred so f**k em

I've no doubt they'll crank up the pressure this year now as there time is running out but I couldn't give two fucks
Made my life hell for a year or so now I couldn't care about them

The charges sound f*cking mental. I am glad I never got one cos trust me I have lost about 20k on the FOBT's and that was starting to become an option the more I was getting sucked in by the FOBT's

Thankfully the last time I blew a few grand on them it was the last straw and I was able to go and see my old man for an interest free loan but not everyone is that fortunate to be able to do that.

Ive kicked the f*ckers now, they are criminal.

Anyone with a payday loan and can't pay just ignore them.

Morale of the story here lads is you can play them at their own game and f**k them over.

Take out as many loans as you can

Rob the bandits back !!!!

Did you notice how they quickly wrote off one debt!!!

If you don't pay them back and have the nuts to ignore their emails / phone calls then ave em !!

No way they can collect all the dues in as proved in the posts above.

It's how they roll - numbers game rather prey on those who do pay.

Did you notice how they quickly wrote off one debt!!!

If you don't pay them back and have the nuts to ignore their emails / phone calls then ave em !!

No way they can collect all the dues in as proved in the posts above.

It's how they roll - numbers game rather prey on those who do pay.

A bit like those private companies who issue with parking fines?

Sure i read somewhere they just bank on the 30% who do actually pay them as the fine wouldnt stand up in a court of law.

The charges sound f*cking mental. I am glad I never got one cos trust me I have lost about 20k on the FOBT's and that was starting to become an option the more I was getting sucked in by the FOBT's

Thankfully the last time I blew a few grand on them it was the last straw and I was able to go and see my old man for an interest free loan but not everyone is that fortunate to be able to do that.

Ive kicked the f*ckers now, they are criminal.

What's FOBT?

Did you notice how they quickly wrote off one debt!!!

If you don't pay them back and have the nuts to ignore their emails / phone calls then ave em !!

No way they can collect all the dues in as proved in the posts above.

It's how they roll - numbers game rather prey on those who do pay.

A bit like those private companies who issue with parking fines?

Sure i read somewhere they just bank on the 30% who do actually pay them as the fine wouldnt stand up in a court of law.

Correct mate .... Just a numbers game.

The worlds gone mad !

Did you notice how they quickly wrote off one debt!!!

If you don't pay them back and have the nuts to ignore their emails / phone calls then ave em !!

No way they can collect all the dues in as proved in the posts above.

It's how they roll - numbers game rather prey on those who do pay.

A bit like those private companies who issue with parking fines?

Sure i read somewhere they just bank on the 30% who do actually pay them as the fine wouldnt stand up in a court of law.

Correct mate .... Just a numbers game.

The worlds gone mad !

How it works is often the debt is insured.

Once they realise you ain't coughing up they prefer to cash the insurance as it's a quicker return.

Ok they lose 10 percent and payment insured is 90 percent

But when they caculate that with interest made they quids in and move on.

Bout 5 years gone now another year and it's statute barred so f**k em


Wrong - its only statute barred if theres been no contact made whatsoever. If you've had letters then the 6 years starts again. Thats contact made with you. It was the same for students who just used to do a runner abroad to avoid paying back the loans. If they find you in another country and serve you in the eyes of the law thats communication established and it starts again. Its why the loan system has changed and is now a tax on your income all done through the HMRC although if you move abroad you still have to set up a direct debit. However, the new student loans are classed as contracts under seal so cant be statute barred for 12 years now. Its ridiculous and all done to keep taking money from you plus interest.

'If the creditor does not contact you (the debtor) for 6 years or more, you (the debtor) may be able to claim that the outstanding debt is Statute Barred under the conditions of the Limitations Act. Statute Barred means the creditor cannot use the legal system to enforce payment.'

Good on the Guy for his community spirit.

BUT

I know that I am going to get tonnes of abuse but I look at borrowing money from a totally different angle.

Being old school Very old school, I believe in the basic principal that if you cannot afford something you should not buy it. (Mortgages as an exception to the rule as most people could never save up enough for a cash purchase).

It's not only the Bankers that Fu-ked up the economy it's all of us as well, with credit cards, loans, etc basically living beyond our means. These days its a want it now, have it now society.

What is wrong with saving up to buy something - at least it will be yours from day one. whereas if you take a loan or borrow money to pay for something it is not actually yours until it is paid back with interest added.

I personally think that anyone who uses payday loan firms or loan sharks are fools. Save up your money and then buy and if you have very little income manage your money correctly and priority pay for things that you actually need - some people think that they have a god given right to have it all right now.

I am not rich, I am from Llanrumney council estate and in my 50's and have worked and saved all my life - I own everything I have and have never had a loan (except mortgage witch is now paid off) or asked anybody to lend any money, neither would I dream to do that - I would rather go without or buy secondhand until I could afford it from new.

Another knock on effect of this is that everyday high street banks are a business, like every other business and have to make a profit to survive - nobody runs a business without making profit, not even Co-op !!!

As far as I am concerned bank's can continue to charge what interest rates on personal loans they see fit, as long as it was written in the loan agreement at the outset. Beware the borrower - again, if you cannot afford to pay it back with interest, do without.

Not a lot of people in the understand that the UK is one of very few countries in Europe and the world whose in credit bank accounts system is free (ie) you do not pay a monthly charge for having a current account (in Spain it is between 20.00 - 40.00 Euros per month fee).

With so many bank customers moaning about high borrowing charges, default charges, overdraft fees and reclaiming charges, etc - The banks have already started to talk about monthly fees and I think they would have made this move already but for the "who will jump first" situation - (example - Barclays starts charging a monthly fee - customers close accounts and go to Nat West - so Barclays would loose out big time) - Watch out if they do ever come together and agree to all Jump together !!!

Again, I know It sounds very though to some people but if as a UK citizen you feel hard done by - go and live in North Korea for 6 months and see how hard done by you are there.

Wisdom - To understand oneself is the beginning of true wisdom. It's not your words or actions that determine wisdom, it is your conscience. Listen to it carefully because the simple things in life are also the most precious things, but only the wise can see them. (Quote from Confucius).

Bloooobirds Forever Blue !!!!

The charges sound f*cking mental. I am glad I never got one cos trust me I have lost about 20k on the FOBT's and that was starting to become an option the more I was getting sucked in by the FOBT's

Thankfully the last time I blew a few grand on them it was the last straw and I was able to go and see my old man for an interest free loan but not everyone is that fortunate to be able to do that.

Ive kicked the f*ckers now, they are criminal.

What's FOBT?

Fixed Odds Betting Terminals. The gaming machines you see in the bookies these days.

The crack cocaine of the betting world. They are not good if you like a gamble and have an addictive nature. Cost me £20k easy.

Knocked the betting, booze and sniff on the head, especially all three together as thats the road to the poor house!!!

Giving the gym a try now. 3 weeks in feeling a lot better for it.

Hopefully will become my next addiction.

Good for you Polo !!!

Be calling you Arnie soon x

Good on the Guy for his community spirit.

BUT

I know that I am going to get tonnes of abuse but I look at borrowing money from a totally different angle.

Being old school Very old school, I believe in the basic principal that if you cannot afford something you should not buy it. (Mortgages as an exception to the rule as most people could never save up enough for a cash purchase).

It's not only the Bankers that Fu-ked up the economy it's all of us as well, with credit cards, loans, etc basically living beyond our means. These days its a want it now, have it now society.

What is wrong with saving up to buy something - at least it will be yours from day one. whereas if you take a loan or borrow money to pay for something it is not actually yours until it is paid back with interest added.

I personally think that anyone who uses payday loan firms or loan sharks are fools. Save up your money and then buy and if you have very little income manage your money correctly and priority pay for things that you actually need - some people think that they have a god given right to have it all right now.

I am not rich, I am from Llanrumney council estate and in my 50's and have worked and saved all my life - I own everything I have and have never had a loan (except mortgage witch is now paid off) or asked anybody to lend any money, neither would I dream to do that - I would rather go without or buy secondhand until I could afford it from new.

Another knock on effect of this is that everyday high street banks are a business, like every other business and have to make a profit to survive - nobody runs a business without making profit, not even Co-op !!!

As far as I am concerned bank's can continue to charge what interest rates on personal loans they see fit, as long as it was written in the loan agreement at the outset. Beware the borrower - again, if you cannot afford to pay it back with interest, do without.

Not a lot of people in the understand that the UK is one of very few countries in Europe and the world whose in credit bank accounts system is free (ie) you do not pay a monthly charge for having a current account (in Spain it is between 20.00 - 40.00 Euros per month fee).

With so many bank customers moaning about high borrowing charges, default charges, overdraft fees and reclaiming charges, etc - The banks have already started to talk about monthly fees and I think they would have made this move already but for the "who will jump first" situation - (example - Barclays starts charging a monthly fee - customers close accounts and go to Nat West - so Barclays would loose out big time) - Watch out if they do ever come together and agree to all Jump together !!!

Again, I know It sounds very though to some people but if as a UK citizen you feel hard done by - go and live in North Korea for 6 months and see how hard done by you are there.

Wisdom - To understand oneself is the beginning of true wisdom. It's not your words or actions that determine wisdom, it is your conscience. Listen to it carefully because the simple things in life are also the most precious things, but only the wise can see them. (Quote from Confucius).

Bloooobirds Forever Blue !!!!

Good post old boy - old ways the best ways.

Funny enough had this conversation only the other day.

Remember the days when a sofa in your house lasted 20 years.

Today just nip down DFS and get a bit more finance !!

Morale of the story here lads is you can play them at their own game and f**k them over.

Take out as many loans as you can

Rob the bandits back !!!!

i had four 200 on each beginning of last year,had the usual threatening emails but just ignore the blood suckers.Change your bank account or tell your bank you've lost your card,they give you a new card new details ,the loan companies can't access your account.

Bout 5 years gone now another year and it's statute barred so f**k em


Wrong - its only statute barred if theres been no contact made whatsoever. If you've had letters then the 6 years starts again. Thats contact made with you. It was the same for students who just used to do a runner abroad to avoid paying back the loans. If they find you in another country and serve you in the eyes of the law thats communication established and it starts again. Its why the loan system has changed and is now a tax on your income all done through the HMRC although if you move abroad you still have to set up a direct debit. However, the new student loans are classed as contracts under seal so cant be statute barred for 12 years now. Its ridiculous and all done to keep taking money from you plus interest.

'If the creditor does not contact you (the debtor) for 6 years or more, you (the debtor) may be able to claim that the outstanding debt is Statute Barred under the conditions of the Limitations Act. Statute Barred means the creditor cannot use the legal system to enforce payment.'

That's student loans Barnett these aren't student loans they been chasing me for 5 years now I emplore them to take me to court I really do they'd have to wipe all the interest they've put on my loans anyway and I'd face a few court costs

f**k them they are scum they wouldn't even offer reduced terms on the 2500 interest they put on a loan of £250

Like f**k am I ever paying then £2500 interest that's why they sold the debt on then I told the collection company in dispute with the payday loan people over the money owed and I haven't heard from them since

Bout 5 years gone now another year and it's statute barred so f**k em


Wrong - its only statute barred if theres been no contact made whatsoever. If you've had letters then the 6 years starts again. Thats contact made with you. It was the same for students who just used to do a runner abroad to avoid paying back the loans. If they find you in another country and serve you in the eyes of the law thats communication established and it starts again. Its why the loan system has changed and is now a tax on your income all done through the HMRC although if you move abroad you still have to set up a direct debit. However, the new student loans are classed as contracts under seal so cant be statute barred for 12 years now. Its ridiculous and all done to keep taking money from you plus interest.

'If the creditor does not contact you (the debtor) for 6 years or more, you (the debtor) may be able to claim that the outstanding debt is Statute Barred under the conditions of the Limitations Act. Statute Barred means the creditor cannot use the legal system to enforce payment.'

That's student loans Barnett these aren't student loans they been chasing me for 5 years now I emplore them to take me to court I really do they'd have to wipe all the interest they've put on my loans anyway and I'd face a few court costs

f**k them they are scum they wouldn't even offer reduced terms on the 2500 interest they put on a loan of £250

Like f**k am I ever paying then £2500 interest that's why they sold the debt on then I told the collection company in dispute with the payday loan people over the money owed and I haven't heard from them since

the collection company is probably part of the loan company you owe the money to,like other posters have said just ignore coz they won't take you to court,they'd be laughed out of the place the interest they charge.

Good post Powys, I agree with what you are saying only buy what you can afford.

Personally I have never taken one, although I got myself in debt through a gambling addiction. A bit of a contradiction because my gambling aside I have always quite savvy with my money, I know what is a good rate, what is a good deal and them pay day loan companies are as bad, if not worse than the local loan shark and would advise people to steer clear.

However, to say banks can charge as they see fit I have to disagree with. These pay day loan companies are actually targetting the weak and the vunerable and I am sorry but charging interest rates of 20,000% plus is not fit and neither is it moral.

If you want to talk about other countries (I think comparing to North Korea is a little extreme) then other countries have a cap on the interest rate you can charge. This country needs one to, and proper credit checks that they can justify giving a loan to someone.

Dave Fishwick. What a guy.

Really genuinely decent bloke

Fantastic idea that bank of dave helping support his community and keep businesses afloat that the big banks just won't lend to!

And glad someone is trying to do something about these payday loan companies I used them and caused myself no end of problems just snowballing debt they prey on the vulnerable and it's disgusting

Smakerz they are a disgrace and the fact that there is no cap on the interest rates they can charge is an absolute disgrace.

I watched a programme on them the other day and some girl had taken out a £100 loan, couldnt afford to pay it back and within 3 months she owed £900. WTF!?!?!?!

Interesting that the whole market is controlled by American banks so the money isnt even staying in our economy and the reason they come over here is because America wised up to their scam.

The government have got to address pay day loans and the FOBT's. Big time.

I know all about them FOBT's as well mate got mega addicted to them myself in university, started as a bit of fun with the lads now and again escalated very quickly to a full blown addiction

Not nice at all made me a very horrible person and it's taken me nearly 5/6 years to start rebuilding my life, the thing is the government try and hide this because of the money these machines make its bad, I could get hardly any professional help with my addiction cos the government don't plough any money into gambling as it's not high on there list which talking from experience myself no it's a real problem it's probably an epidemic over here now, I know a lot of people with serious problems and a lot of people I wouldn't think have them but they do, while I was heavy gambling I seen many young lads just turned 18 raving about these machines and how much they win I told manat of them to never touch them and sadly they didn't listen to me and now I know for a fact some of these lads are still at it constantly and have lost their jobs and family don't talk to them, it's a very sad thing and I'm very lucky that I admitted to my family I had a problem and they helped me through this, it's been a long road and I've slipped up once or twice but luckily I've had the support to help me through it, I tried gamcare and other charities before speaking to family and it didn't help they tried but they aren't effective enough, I feel extremely sorry for people who haven't recieved full support do this seriously damaging addiction it's as bad as any other addiction IMO but it's not seen that way by many people which is totally wrong

I admit I still gamble but I have limits and I haven't touched one of those machines for 3 years now, other than these payday loans I've cleared every bit of personal debt I have in last 3 years since stopping using those machines I've also had holidays and enjoyed my life again something I never done whilst playing the machines cos I never had a penny spare

I honestly wish anyone whose had a problem with these machines the best of luck recovering from this illness it isn't nice at all I'm very grateful to my family for the support they've given me and I know how lucky I am to have that support network around me which others don't have

They become your life and it's not a nice life to live

Long may my addiction be gone,but even now I cannot walk into a betting office without wanting to play one so I simply don't go in one, if I feel like using one I phone my mothe or father immediately and we talk about anything but the machines it helps a lot

I know what you've gone through with this polo it's not nice at all wouldn't wish it on my worst enemy

Cheers Smakerz. Thankfully I have come out the other side also but as with any addiction one day at a time.

As you say, its the ones with no support network you got to feel for.

The charges sound f*cking mental. I am glad I never got one cos trust me I have lost about 20k on the FOBT's and that was starting to become an option the more I was getting sucked in by the FOBT's

Thankfully the last time I blew a few grand on them it was the last straw and I was able to go and see my old man for an interest free loan but not everyone is that fortunate to be able to do that.

Ive kicked the f*ckers now, they are criminal.

What's FOBT?

Fixed Odds Betting Terminals. The gaming machines you see in the bookies these days.

The crack cocaine of the betting world. They are not good if you like a gamble and have an addictive nature. Cost me £20k easy.

Knocked the betting, booze and sniff on the head, especially all three together as thats the road to the poor house!!!

Giving the gym a try now. 3 weeks in feeling a lot better for it.

Hopefully will become my next addiction.

I saw a guy drop 500 quid from a bandit, returned the next night and put it all back in the SAME machine

Even had to borrow a 5er for the taxi home.

Haven't seen this programme but good on this guy for doing this.

You guys are on about loan companies and another one who has very high interest rates yet they try and attempt to protray themselves as a company led by Jesus Christ is the Credit Unions!!!! f*cking hell I would rather wait until my next payday than to get involved with some of these legal loan sharks!!!

However saying that, the old fashioned way is always the best way which is only borrow what you can afford.

Last edited by Military Junta on Tue Jan 14, 2014 2:15 pm, edited 1 time in total.

£500 is small peanuts on the FOBT's. You could blow that in 2 minutes. 5 spins x £100.

My advice to anyone reading this,stay off those machines in the bookies you'll never win and they'll eventually take everything you've got or can get your hands on.
Their called the crack cocaine of the high st for a reason.I've seen lots of lives ruined by them.

£500 is small peanuts on the FOBT's. You could blow that in 2 minutes. 5 spins x £100.

f**k, this was a few years ago on the 5o pence a go machines. Gambling Regulations must have changed since then.
A jackpot must be huge if it's 2o pound a spin The fact I focus on the jackpot and not the ludicrous cost shows just how easily we can be sucked into the addiction. All people see is the possible fortune coming in.
Recently a smartly dressed guy approached me in the station asking for 50 pence towards buying some milk and othyer essentials for the weekend, I knew he wasn't a junkie so I asked why he needed it. said he blew everything on the bookies bandit.