[Archived] Would you be happy with a pay day loan company on the shirt

[T.J.Newton]

I wonder how drastically it will effect shirt sales at Bolton, after ticket sales and sponsorship deals, shirt sales must be one of the biggest incomes for town clubs

[Ben-2000]

No issue at-all. People who take out these loans are told how much they have to pay back and when.

As others have said, this is nothing new anyway. If only Bolton fans knew what it was like to have real issues to protest about!

[T.J.Newton]

have to disagree, I think its good that Bolton fans are putting up a resistant's to this, otherwise what next(it will at least make the owners think twice in the future)

[Guest Norbert]

I also agree with those who put this in the same bracket as all the gambling sponsorship. Whilst I agree in personal responsibilty, and the need for the individual to live within their means and so on, any gambling addict will be finding it hideously hard to reform themselves. All the bookies have websites with on-line bingo, casinos as well as their more tarditional formats. There are countless bingo websites advertised that are deliberately targeting women and casinos are becoming more prevelent (Coventry has at least 3, including 1 in the Ricoh Arena), so what chance does Paul Mer......sorry the addict have. Even the Daily Express is on the band wagon!

It would be very hard to be 100% ethical with sponsorship deals of this kind, as many companies have interests in questionable areas however tenuously, but there are certain companies that prey on the misfortune and naivety of others and these loan companies are such companies.

[OJRovers]

Payday loan company or tax-loophole company...not sure if either are ethically sound, but the one causing the government most headache is the tax avoidance companies including Probiz.

[Sparky Marky]

Payday loan company or tax-loophole company...not sure if either are ethically sound, but the one causing the government most headache is the tax avoidance companies including Probiz.

This is nothing to do with the government, It's the assertion that these types of companies are the norm, there's nothing wrong with it....shame on an historical club like Bolton and shame on their executives for not coming up with a credible alternative.

[Salgado Is A Hero]

I rarely agree with your posts but on this subject am with you all the way. These companies exploit the vulnerable in our society, people who do not have access to the more usual forms of credit, and seem to act in a manner which is at the edge of legality. I've never really been happy with alcohol or betting as sponsors but not felt particularly strongly about it. Pay day loan companies is a step over the line.

This sums it up for me. It just feels wrong.

[Plastic Head]

I would wear a "kill the badgers" logo on the shirt if only these people would go away.

I believe next years shirt sponsors are SEM Kentaro. X x x

[Jim Royle]

I recall venkys declining offers from alcohol companies when we were in the premier league and ultimately gave the sponsorship away to the princes trust.

So the venkys do have morals.

Gartside and his crew obviously do not, neither does Oyston.

Now, if only they knew how to run a football club, starting with competent administrators replacing dastardly n muttly

[Guest Norbert]

This is nothing to do with the government, It's the assertion that these types of companies are the norm, there's nothing wrong with it....shame on an historical club like Bolton and shame on their executives for not coming up with a credible alternative.

The spread of these loan sharks are to do with the government in a way. Look up Adrian Beecroft, who was charged by the government to produce a report about how to reform employment laws. He is an executive of Wonga.com. Now, isn't it strange that countries like Germany have tackled the issue of loan companies

charging 2,000%+ APR, and despite the occaisional bit of hot air, we do

nothing?

Same for the tax loophole issue, with the bosses of Google having a cup of tea with David Cameron and George Osbourne round Downing Street. Sorting out some non-executive director's role in their post-politics career no doubt.

I apologise for going off on a tangent, but the promotion of these odious crooks and their freedom to rip people off really annoys me.

[Ben-2000]

I recall venkys declining offers from alcohol companies when we were in the premier league and ultimately gave the sponsorship away to the princes trust.

So the venkys do have morals.

Gartside and his crew obviously do not, neither does Oyston.

Now, if only they knew how to run a football club, starting with competent administrators replacing dastardly n muttly

Well they have a Singha Beer advert next to their Venky's one along the Riverside, so not sure on that.

Wasn't it a gambling company they turned down anyway?

[koi]

Bolton have pulled out of the deal. Good.

[Leonard Venkhater]

The spread of these loan sharks are to do with the government in a way. Look up Adrian Beecroft, who was charged by the government to produce a report about how to reform employment laws. He is an executive of Wonga.com. Now, isn't it strange that countries like Germany have tackled the issue of loan companies

charging 2,000%+ APR, and despite the occaisional bit of hot air, we do

nothing?

Same for the tax loophole issue, with the bosses of Google having a cup of tea with David Cameron and George Osbourne round Downing Street. Sorting out some non-executive director's role in their post-politics career no doubt.

I apologise for going off on a tangent, but the promotion of these odious crooks and their freedom to rip people off really annoys me.

Well said

[PAFELL]

Where do you draw the line on shirt sponsorship.

Rovers have had BET 24 on the shirt.

I don't know about anybody else. But it did not encourage me to gamble.

They have also had MC EWANS LAGER on the shirt.

Has never encouraged me to drink more alcohol or even Mc EWANS or even lager for that matter.

Folk go on about the vulnerable. Yet are not the same tempted to gamble and drink alcohol?

A Payday loan company on the shirt !!! Yes it is despicable how they operate. But who do you refuse next?

A chocolate company because of obesity.

Emirates, as planes damage the environment etc.

I accept the vulnerable must be protected - but there is a limit to how far you can go, as you cannot protect them from everything.

[Amo]

Right on, Pafell. People can't seem to get their heads around the argument that Payday loans are no worse than bookmakers or breweries. Yes, the likes of Quick Quid & Wonga are exploitative, but they also provide a service for people who need emergency loans. If people abuse the system, that's their own responsibility. What about the sports companies, where the shirts are made in sweatshops by cheap child labour? Shall we object to them on principle, too? Or are we just cherry-picking our moral outrage here?

[Stuart]

Who are these people who enjoy this fine and optional service at rates of 1000%+ with these companies? No, really, I want to know?

Who are the social borrowers, the casual borrowers, the borrowers who "could take it or leave it" but yet, choose to dip their toes into the world of suicidal debt?

C'mon?

These companies used to hide down backstreets, in the shadows, providing cash to people to desperate to be able to walk away and too much of a high risk to get a loan on the high street at a reasonable rate. Back in the day, they called them loan sharks. Now, thanks to some legislation changes, they can advertise on prime time TV.

This is not like gambling or drinking. If you can't see why then I genuinely fear for your financial future and that of your kids.

Their customers are from a specific part of society. I pray you and I are never in a position to have to use one of them.

[JAL]

Excellent work by the Bolton board in listening to their supporters concerns and acting on them.

If only we c.......

[Amo]

Do you think gambling exists for the responsible few who only enjoy the odd flutter? No, it's there to exploit and generate addicts, who once they start, are unable to stop themselves until their pockets are dry. Destroying lives and families. However, because drinking & gambling are such accepted parts of our culture and have been legalized for years, we don't have any misgivings towards the club whoring itself out to them.

Payday loans are useful if you need to cover some unexpected expenses or happen to have an emergency. I personally wouldn't use them if I could help it, but there's certainly a demand for them in certain situations. The problem with our society is no one wants to take responsibility for their own actions. These loans aren't compulsory. Ignorance is no excuse. If you know taking a loan out with exorbitant APR is going to land you in deeper brown stuff then explore other ways. There's no paucity of help out there available to people. I deal in debt advice, I should know. But sadly even that isn't enough for some folk. We educate them on their finances and dig them out of a hole, and then six months later they're back in it. Repeating the same mistakes all over again. Those are the kinds of people who keep Quick Quid & co in business, and quite frankly they're their own worst enemy sometimes.

[Majiball]

It's funny tobacco companies are banned and really they're no different than alcohol or gambling.

[Stuart]

I can only assume (happily) that you have not had dealings with the kinds of companies we are talking about.

This isn't like doing the lottery or having a beer. You will become directly targeted for more and more tailored loans pressuring you into borrowing.

You will not convince me that payday loans are a good thing and perform a service with any tangible social benefit.

You have a beer and you feel good, have too much and you become unwell. You bet a few quid on a football match and it increases the excitement, you put your mortgage on a horse you will likely lose.

You borrow even a moderate amount of money from a loan shark and you are already in trouble.

There are good thinks about moderate drinking or gambling. It's got nothing to do with patronising suggestions about moral predilection.

[Sparky Marky]

Payday loans are useful if you need to cover some unexpected expenses or happen to have an emergency. I deal in debt advice, I should know..[ee/quote]

If you even consider one of these companies, I'd suggest you're pretty much in the @#/? already, so, by definition, these businesses are preying on the vulnerable.

[Ozz]

The irony of this thread is of course that by people posting about Payday loans, the auto generated adverts at the top of the page brings up adverts for Payday loans.

[Majiball]

It has to be said that Chupa-Chups will never be topped.

Has anyone ever told you, you look like Gary off Eastenders?

[chris_h]

I've seen a picture of next season's Newcastle away strip which carries the 'Wonga' logo. Are they not of the 'QuickQuid' ilk? If so why aren't the Barcodes getting the same sort of grief the Twotters got?

[Mike E]

I've seen a picture of next season's Newcastle away strip which carries the 'Wonga' logo. Are they not of the 'QuickQuid' ilk? If so why aren't the Barcodes getting the same sort of grief the Twotters got?

Ditto Blackpool recently.