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The Money Shop

Discussion in 'Championship' started by DunblaneWolf, Apr 13, 2016.

  1. Chrysalis

    Chrysalis deleted

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    How is a short term lender worse than a bank lending money?

    dont see the fuss to be honest. They offer a service to a section of the population the banks refuse to service.
     
  2. adamf1

    adamf1 #WeWantOurCharltonBack

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    This is what I was thinking. Short term loans are there because people obviously need them. All the company is doing is supplying a product that is in demand. I know people that have used them and got charged roughly a tenner to borrow £100 for a week or so. Helped them to stop going over their overdraft and incurring the fees the banks charge for this. Like you say they are no different to regular banks in my opinion.
     
  3. AimeeWolf

    AimeeWolf Registered User

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    It's unlike Jez Moxey to put finances ahead of morals...
     
  4. AlexRover

    AlexRover Venky's Out!

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    To be honest, since we've been sponsored by dafabet, there hasn't been many issues at all and it was pretty much a bonus when the logo seemed to match the kit quite well. As long as the club is getting a good deal, thats all that matters in the age of FFP and tight financial controls.
     
  5. Sean4393

    Sean4393 Registered User

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    How is all of this developing? I take it not very well with the new kit donning the sponsor?
     
  6. Wolves n Proud

    Wolves n Proud Registered User

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    Petition got 13k signatures and Jez put out a statement highlighting how the Money Shop are legit because they pay the new minimum wage to their staff as though it's optional :laugh: and they're releasing a kids sponsorless shirts

    It was never going to succeed in getting Moxey to back down because whatever his negotiating skills his opinion of the supporters has seldom passed contempt. All we can hope for is people boycott the shirt and it doesn't sell well which I'm not hopeful about.
     
  7. Sean4393

    Sean4393 Registered User

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    It appears to be a love it or hate it shirt this season from the comments I have seen across the net etc. Any wolves fan that signed the petition surely wont be buying one? Whats your training wear like does that also have the brand on it? I know sometimes this does happen.
     
  8. Sean4393

    Sean4393 Registered User

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    Interesting just had a quick look at your online club shop and it would appear that even though the logo has been removed from kids shirts it certainly can be put back on...free of charge?

    Wolves FC The Online Shop -
     
  9. Acrylic

    Acrylic Registered User

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    I won't be buying one, & I don't know one single person who will. Disgraceful sponsor, & even more disgraceful trying to justify it.
     
  10. DunblaneWolf

    DunblaneWolf Nil - Nil

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    I imagine they'll sell a lot to kids who want the 'proper' shirt and not one with no sponsor where the shitey pinstipes don't match up in the middle. They'll then use the lack of uptake on the 'Sponsor less' shirt as justification for their partnership with the loan sharks.

    I ****ing despise Jez Moxey.
     
  11. Sean4393

    Sean4393 Registered User

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    Just seems terrible that after what appeard to be a good deed in a bad situation in removing the sponsor you can then recieve it FOC.

    Sent from my SM-G920F using Tapatalk
     
  12. SHiBBY

    SHiBBY "The likes of Palace"

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    Signed for ya
     
  13. SamB_SCFC

    SamB_SCFC FF Old Skool

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    So if you have a problem with Oak Furniture Land then you must have a problem with all credit card companies, mortgage lenders, loans of any kind, overdrafts etc and believe that everyone should only be able to buy stuff if they have the money in the bank to pay up front.

    There is a world of difference between the kind of store credit offered for aspirational non essential purchases at the likes of Oak Furniture Land and they type of loans offered by The Money Shop and Wonga etc. Firstly the credit checks are much stricter which means that generally the only people who can get credit for things like furniture, sofas etc are people who can afford the repayments. While the payday loan sector has notoriously slack checks which means that vulnerable people who shouldn't be taking out any kind of loan are able to take out loan after loan and run themselves into the ground.

    Secondly there's the way they are marketed and who they're aimed at. Store credit lenders generally market themselves to aspirational people who want to improve their homes or make luxury purchases and can't afford the whole cost up front but can afford to spread the cost over a few years and don't mind having to pay a little extra for the privilege. The advertising and image of the business isn't specifically aimed at the lowest earners who really can't afford this stuff and as I've said before the stronger credit checks will usually deny those people who do come into the shops intending to buy things they can't afford. Whilst the pay day sector specifically targets the most vulnerable and the advertising campaigns and scenarios they use are designed to appeal to the poorest.

    And finally there's obviously the rates of interest. Store credit is usually offered at reasonable rates, often even at 0% and rarely above 30 or 40%. Whilst pay day loan companies deliberately charge astronomical rates of hundreds and even thousands % to vulnerable people who they know full well can't get loans at a better rate and have a high chance of defaulting or rolling the loan on for a long time and therefore incurring the full range of penalty and interest charges. Deliberately ripping off desperate people, many who lack the intelligence and nous to truly understand what they're signing up to. Or are so desperate they feel they have no choice.
     
  14. Sean4393

    Sean4393 Registered User

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    You may want to read all my comments in the thread mate.
    After that if you would like the link to the Podcast of the said Radio show the topic was discussed on I will be more than happy to send this to you.
     

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