Payday loans

just seen the article regarding the opening of one of these branches in TBR-very sad indication of out time when the only people making money (aside from bankers) and growing their businesses appear to be loan companies and pawn brokers and again it is those who can least afford it especially with Xmas coming who will no doubt be paying large amounts into thier coffers

You should walk down Walworth Rd. It's full of loan shops, pawnbrokers and Cash Converter-type places these days. Oh and about 10 bookies.

Yep, it's a clear indication, if one were needed, about how far the area, the city and country as a whole has slipped backwards. A society that contains such indulged opulence, such bloated privilege, and condemns the poorest amongst it to such penury has no business calling itself civilised.

Shameful.

Just watched item on rip off britain, some one ended up owing 15,000 on payday loans as he lost his job after the first successful loan he took out. seems to be a sign of the times, with so many people losing their jobs I am amazed that many people actually have pay days!

De-regulation of banks and loan companies has left a terrible legacy.

The 'Google ads' around this topic and the news item are both inappropriate yet relevant.

The planning application will be heard on 16 April

http://moderngov.southwark.gov.uk/ieListDocuments.aspx?MId=3850&x=1&;

It is very likely to get permission as there are no real planning grounds to refuse it.

Latest news is that Bermondsey Community Council tonight resolved to refuse permission for the change of use, citing the new National Planning Policy Framework.

Full story tomorrow!

I think Chaucer councillor Claire Hickson led a really strong campaign against the application. Walworth Road has also been discussed at Community Council and I think there was almost universal agreement that we have reached saturation point.

Thanks, Neil. Really thrilled that we were successful in our campaign against this payday loan shop. My main argument when I presented to the committee was that these companies run against the new National Policy Planning Framework's promotion of sustainable economic development. Looking forward to SE1's full coverage of what was quite a complex debate tomorrow. Pity that the coalition has not acted sooner to regulate them more effectively.