Well done Bradford Bulls new owners, should see them being competitive again soon, good news.

If you don't like the APR on a loan, don't take it out.

I have my doubts (more than that actually - it just isn't) that this is a record SL sponsorship deal, especially as stadium naming rights have been bundled in with the shirt sponsorship which makes it pretty good value to the sponsor. Nonetheless, it's good for the Bulls to be getting some new backing from big, local businesses.

I would suggest it probably is the Bulls record SL sponsorship deal, rather than a ' whole of SL' record deal , obviously as you say, it is a combined deal ( shirt and naming rights ) which can be promoted in a very positive way, we cannot really blame them for that

It is however a very good deal for the Bulls and will hopefully put them in a good position to stabilize their finances for the near future

Its clear they run a shocking company with no ethics, as highlighted in this article. However it is not the job of the Bradford Bulls, to pass laws to stop payday loans companies scamming the vulnerable in our society. That is the job of the government, pressure should be on them to put a stop to this, not on the impoverished bulls to turn down much needed sponsorship money to help them keep trading.

That's a rather silly response.

The serious point is that such companies prey on people who have no other options. With the choice of starve and freeze or take a loan to feed your kids, what would you do?

It's perverse that the more you need money, the more you have to pay to borrow. If, as they say, it is to reflect risk, they would charge less, not more.

Banking is corrupt.

Nearly got into a rant there...

Companies like provident and wonga etc etc are basically legalised loan sharks who prey on the poor and needy in society.

Bulls got good deal yes but I would rather see provident outside of rugby league. I am not a fan of alcohol or betting companies involved in sport either.

Not really silly is it? If I got to a situation where it was starve and freeze or take out a loan, I would go to the Citizens Advice before plunging myself into debt.

The more you need money, the more risk you are to a lender, that's why you pay more.

I agree banking is corrupt, but now do we have a go at Halifax for their sponsors?

If a conglomerate like Barclays or RBS sponsored the league or a club would you have a problem? Because they are companies that have been caught up in the banking scandals. Where does it end?

Legalised Loan Sharks? The word 'legal' in that sentence proves how wrong you are.

For main sponsor rights AND stadium naming rights 300k a year doesn't sound that great a deal, or is that how low SL clubs are valued at the moment?

You are George Osborne and I claim my £5.

Halifax and other high street lenders do not charge 400% interest.

It's a self fulfilling prophesy to charge someone with a low income more for a loan...you may default, so we will ask you to pay even more!!

Loans should be capped...if the risk is too high, don't lend.

You live in cloud cuckoo land if you think the CAB have the answers to this.

Leaflets and well intentioned advice do not pay the bills.

Yes, but Halifax and other high street lenders don't give short term loans. In fact, most high street lenders have been in trouble over slapping on payment protection insurance either without telling the people getting it or telling them they can't have the loan unless they take out the insurance.

And the 400% you're banging on about? That's the APR. APR is an annual rate, not applicable to most loans from them as they tend to be 5 or 8 month loans. Clearly you either don't understand that, or you are purposefully ignoring facts that don't fit your argument and if it's the 2nd the clearly anything you say is bunk and can safely be ignored.

Exactly.

I live in cloud cuckoo land if I think the CAB have answers to this apparantly. I got in financial trouble when I was young and naive and went to the CAB, who were superb. If you went in and said, 'shall I take a payday loan out?' They would say 'no, do this.....'

That's why you go there-advice.

I understand it perfectly. Interest is calculated from day 1, not after 1 year. Incidentally, provident collectors take the first payment, at the time of issuing the loan - this removes the cooling off period and makes the interest kick in immediately.

Of course, clearly I didn't realise that Wonga and Provident et al are such benevolent organisations, there not for taking advantage of the weakest in society, but there to make just to help us all out of the goodness of their hearts.

Bless.

It's probably around the same as the main shirt sponsorship at Leeds but obviously that excludes the stadium name. But it's certainly not a shabby deal given where the Bulls have been in recent times and their immediate on field prospects as they rebuild.

Halifax are sponsored by a media company.

stick to supporting your club rather than trying to pretend you know about the realities of the loans.

These companies lend to to the mentally and emotionally ill, the desperate, the unemployed, those on benefits, those who lead difficult and hence chaotic lives. The result is that the loan maybe taken out as a short term loan but when they cannot keep up with payments, or miss a payment and pay penalty fees at the loans often go on for months or YEARS after they should have finished.

If is was a Bulls fan i may have to accept that the company gave a desperate club the money BUT i would not buy the shirt and advertise such an awful company.

I look forward to a tie up with ASSAD enterprises and see if Bulls fans stil want to look the other way.

Exactly. I used them when I needed money and couldn't get credit elsewhere. I knew the terms and the high interest rates and had no problems with them. Just like all lines of credit, if you can't afford to pay it back, it's your fault for taking it out. We're too quick to blame everyone for our own failings, whether that is taking out loans, smoking, drinking or gambling - no-one forces anyone to do any of them!

Well, given I worked in banking for 5 years, I think I've a fairly good grasp of the the realities of loans and what the terms and conditions of the loans entail. Yes, provident do loan to those who are unable to get a loan from a high street bank. But if these people are in such trouble and don't have the ability to manage their own finances then they should be seeking professional help. The CAB offers this help and other information. If they can't be bothered to investigate other options before leaping into a high interest, short term loan then more fool them.

I also think it's funny that a Huddersfield fan can comment on others moral stance given the questionable way your club went about signing Kopczak.

These companies also lend to the lazy, benefit scrounging fops with 8 kids who don't bat an eye when spending £40 in the pub on a Friday and £35 in fags every week but also need the latest iPhone, 50 inch TV and Playstation, but at the same time expect something for nothing.

Its good to generalise isn't it?

You are David Cameron and i claim my £5.
#
Next you will be telling us you are one of the deserving disabled as opposed to those scroungers who are not disabled and should not get benefits.

Its good to genralise isnt it

That's bit of a naive outlook.

Nobody forces(in most cases) adults, or children, to work in inhumane conditions that pay sweet FA in some 3rd world hell hole - that doesn't mean, because workers are 'choosing' to work, that a company exploiting said labour is ethically justified.

Should we remove the minimum wage, get rid of regulation of working hours and let people at the bottom of society "choose" to work 16 hours a day for £1 an hour. Would anybody accept a company employing such people is ethically sound, because the workers in theory "choose" to work there?

Or maybe I go to Somalia or some other place ravaged by famine and pay starving women to be in my pornography films. Would it be fair to criticise me for that or does the fact that they're 'choosing' to do it excuse what I'm doing?

I could carry on like this but I don't want to bore you.

What I'm getting at is that Provident, and other vulture companies like them, are scum. That people aren't forced to use their services doesn't really change that.

It maybe me but I think you missed the point of his post??? I thought he was posting sarcastically!

The thing is, there's a flip side to the coin. What about those people who borrow from them and then pay back what they've borrowed on time? You know? The sensible people who work for their money and just need a stop gap to get over a financial pitfall.

The people who call foul against companies like Provident are usually the type who want something for nothing, shouldn't be entering financial commitments because they're either unwilling or incapable of keeping up with the payments or my personal favourite those who will just sign up for anything without reading the documentation and then complain when the penalties that are clearly laid out in the documentation are imposed on them.

Also, as for those who work for a pittance in 3rd world countries, I assume them as you're taking such a strong moral stance that neither you nor anyone in your family has ever bought any product produced by the coca-cola company. Or bought brand-named trainers? I also assume therefore that your strong moral centre means you boycot supermarkets like Tesco and refuse to have anything to do with fast food outlets like McDonalds.

If you do, then that kind of makes you a hypocrite for invoking the use of 3rd world labour in your self justificating argument

I will not go through all of your post as it would take too long.

Yes it is hard to be completely ethical about everything we do in respect of finances when we live in an unfair world BUT we allof choices.

IF you want to support your club and buy a shirt, fine. But why not get 3 pieces of black insulating tape and put them over the main sponsors name.

Hey presto supporting your club, not promoting a pretty scummy company and making a political principle.

What about them?



The people who call foul against companies like Provident are usually the type who don't like wealthy, scummy suits trawling the very bottom of society, preying on the vulnerable and bankrupting struggling families to further their own greed.

See, I can do that as well.







I don't own my family!!! What my family buys has nothing to do with me, what my family believes, thinks and feels and how they act on it has positively nothing to do with me. What I've bought in the past is irrelevant, also.

Is a vegetarian who ate meat growing up invalidated by that fact, when putting forward argument against meat eating on ethical grounds? Is a vegetarian whose family eats meat invalidated by that fact? Is a Socialist whose family is Capitalist a hypocrite? What about an environmentalist that owned a hummer when he was younger, is he not allowed to have ethical qualms today?

What I've bought in the past, what my family buy today, they have nothing to do with what my position is, right now.



Pretty much.



But IF I did, it would have nothing to do with the validity of my statements. Me buying Coca Cola as a teenager doesn't in anyway justify or excuse the evils of Coca Cola! Even if I drank Coca Cola today it would make me a hypocrite, yes, but it wouldn't invalidate my criticisms of Coca Cola.

I don't even follow the reasoning you're trying to use here... It's literally baffling. Did it make sense when you wrote it?

Anyway, the point I was making is that choice in itself doesn't make something just. There are a lot of bad things in the world that people voluntarily enter into. The fact people choose to use Provident tells us nothing when discussing whether they're a good or bad company.

Why? I have no real reason to disrespect the sponsors in that way. You might have a problem with their lending but they're really no worse than any other banking institution other than they are more willing to take on high risk borrowers and as they are high risk then penalties are more sever. Don't like it? Then don't borrow from them. Or if you do, make sure you've full read up all the terms and conditions, or gotten help from CAB or another financial help charity, to ensure you fully understand what you're taking on.

If you can't take simple steps to safe guard yourself in financial matters then you've not place to go taking out a financial commitment that you can't deal with.