Payday lenders are leeches who won’t be missed.
First Wonga fell apart, now it looks like QuickQuid are going the same way.
The firm is the biggest of its type in the UK and it has racked up a significant backlog of complaints.
The entire industry is built on the backs of exploited people who were sold a clever bit of marketing.
Extortionate rates are attached to these loans, with an inevitable push in the run-up to Christmas.
More than 3000 complaints about were made to the financial ombudsman in just six months.
The parent company says they want to quit because of regulatory uncertainty.
That’s one way of putting it. Another is they’ve been exposed for offering loans customers could not afford to pay.
Recent rule changes limited interest rates and charges.
It’s a bitter irony that the payday loan firms seem to be struggling with those simple restrictions.
The Germans have a word for it schadenfreude – that feeling of satisfaction at someone else’s misfortune.
There a plenty of good English words for payday lenders too, although most are too blunt to print. Will good riddance do?
Heat is on Army
The death of Corporal was an avoidable tragedy.
Cpl Hoole, from Ecclefechen, near Lockerbie, died within an hour of collapsing 400m from the end of his annual fitness test.
An inquest heard that, on the “hottest day of the year”, 18 of the 41 soldiers either dropped out, collapsed or were withdrawn.
Coroner Louise Hunt, has blasted the Army failings, citing “grave concerns” about its “ability to learn from previous mistakes”.
She concluded that the march should “not have taken place” in such heat.
Our soldiers keep this country safe.
The least they deserve in return is for the Army to keep them safe too, not put them in harm’s way.
Beautiful game
Scottish football has hit the headlines for the wrong reasons lately but we should never miss a chance to talk up our national sport.
Eight-year-old Thomas Carrigan attended his first Celtic match this week and he witnessed a cracker against Lazio. Hoops goalie was the hero with a terrific save to ensure a Celtic win.
Even better, the giant stopper handed over his shirt to young Thomas at the end of the match.
Football really can be the beautiful game.
