Hi guys, Welcome to the Advanced Video Search Engine, and you are watching The UK Credit Industry Is Rotten. That video is uploaded by Sasha Yanshin at 2021-04-12T05:47:01-07:00. We are promoting this video only for entertainment and educational purpose only. So, I hope you like & enjoy it. [kRIxaU1hcb4]
| Name | The UK Credit Industry Is Rotten |
| Video Uploader | Video From Sasha Yanshin |
| Upload Date | This Video Uploaded At 12-04-2021 12:47:01 |
| Video Discription | The UK Credit Industry is rotten and there are few people who ever talk about it. Although the FCA has been working over the past decade to tighten up on payday loan companies and other unscrupulous practices, the world of credit continues to prey on the vulnerable. The biggest amounts of money in the industry are made from those who can afford it the least - people with low incomes and poor credit. Companies that deal with near-prime and subprime lending earn the highest returns on the money they lend out and are prepared to pay the highest amounts for attracting new customers. So the most profitable customers are not the premium platinum card users but customers who have a poor credit rating taking out yet another loan to bridge the gap to the next payday. With hundreds of pounds or in some cases thousands being paid per referred customer, it is no wonder there is an entire industry marketing these loans - comparison websites, online ads and brokers who are all more than happy to send customers over in exchange for cash. And now that the FCA has increased scrutiny, the battle seems to be shifting over to Debt Management - now these programmes are pretending to help customers while still charging extortionate fees and continuing to fleece them under the new disguise. Most of this help is relatively meaningless and the customers could have easily done the exact same things with very minimal education and time. But things continue being exactly the same - these customers continue being preyed on and these companies continue charging obscene fees for these "services". ☕️ JOIN MY PATREON - DISCORD, BONUS VIDEOS, TARGET PRICES, MODELS & MORE https://www.patreon.com/sashayanshin 💵 GREAT INVESTING APPS I USE GET A $10 BONUS WITH LIGHTYEAR (UK & Europe) https://lightyear.app.link/SashaYanshin You need to use promo code "Sasha" and the bonus is awarded after your first trade. INTERACTIVE BROKERS (Global - Main investing app I use) https://bit.ly/ibkr-sasha DISCLAIMER: Your capital is at risk. DISCLAIMER: Some of these links may be affiliate links. If you purchase a product or service using one of these links, I will receive a small commission from the seller. There will be no additional charge for you. DISCLAIMER: (For Lightyear affiliate link) The provider of investment services is Lightyear Financial Ltd for the UK and Lightyear Europe AS for the EU. Terms apply: golightyear.com/terms. Seek qualified advice if necessary. Capital at risk. DISCLAIMER: Trading 212 provides execution-only service. This video should not be construed as investment advice. Investments can fall and rise. DISCLAIMER: I am not a financial advisor and this is not a financial advice channel. All information is provided strictly for educational purposes. It does not take into account anybody's specific circumstances or situation. If you are making investment or other financial management decisions and require advice, please consult a suitably qualified licensed professional. kRIxaU1hcb4 |
| Category | Education |
| Tags | bad credit credit cards | bad credit loans | bad credit | bad credit uk | bad credit loans uk | bad credit score | bad credit car finance uk | bad credit mortgage uk | bad credit credit cards uk | financial conduct authority | financial conduct authority uk | credit cards for bad credit uk | credit cards uk | payday loans | payday loans uk | debt management plan uk |
