Jump to content


cerberusalert

Debt-hit soldiers are targeted by 3,300% payday loan firm... in MOD's own magazine

style="text-align:center;"> Please note that this topic has not had any new posts for the last 2480 days.

If you are trying to post a different story then you should start your own new thread. Posting on this thread is likely to mean that you won't get the help and advice that you need.

If you are trying to post information which is relevant to the story in this thread then please flag it up to the site team and they will allow you to post.

Thank you

Recommended Posts

Debt-hit soldiers are targeted by 3,300% payday loan firm... in MOD's own magazine

Loans company sold advertising space in Ministry of Defence magazine

Rising concern about the number of soldiers getting into debt

New recruits earn less than £14,000 a year and private are paid £18,000

 

The Ministry of Defence was condemned last night for cashing in on the debts of its poorest soldiers by selling advertising space in its staff magazine to a payday loans company.

 

For an undisclosed fee, Forces Loans, which charges an APR of more than 3,300 per cent, is promoting its loans in Defence Focus – a magazine published by the MoD and read by British troops worldwide.

 

The revelation comes as Army commanding officers are expressing concern about the numbers of soldiers getting into debt, and when thousands of troops are expecting to be made redundant in the latest round of job cuts.

 

http://www.dailymail.co.uk/news/article-2254767/Debt-hit-soldiers-targeted-3-300-payday-loan-firm-MODs-magazine.html


Anthrax alert at debt collectors caused by box of doughnuts

 

Make sure you do not post anything which identifies you. Although we can remove certain things from the site unless it's done in a timely manner everything you post will appear in Google cache & we do not have any control over that.

 

Vir prudens non contra ventum mingit

 

[sIGPIC][/sIGPIC]

17 Port & Maritime Regiment RCT

Share this post


Link to post
Share on other sites

Debt-hit soldiers are targeted by 3,300% payday loan firm... in MOD's own magazine

 

The Ministry of Defence was condemned last night for cashing in on the debts of its poorest soldiers by selling advertising space in its staff magazine to a payday loans company.

 

For an undisclosed fee, Forces Loans, which charges an APR of more than 3,300 per cent, is promoting its loans in Defence Focus – a magazine published by the MoD and read by British troops worldwide.

 

The revelation comes as Army commanding officers are expressing concern about the numbers of soldiers getting into debt, and when thousands of troops are expecting to be made redundant in the latest round of job cuts.

 

A new recruit to the Army earns less than £14,000 and a private is paid just under £18,000.

 

http://www.dailymail.co.uk/news/article-2254767/Debt-hit-soldiers-targeted-3-300-payday-loan-firm-MODs-magazine.html


Anthrax alert at debt collectors caused by box of doughnuts

 

Make sure you do not post anything which identifies you. Although we can remove certain things from the site unless it's done in a timely manner everything you post will appear in Google cache & we do not have any control over that.

 

Vir prudens non contra ventum mingit

 

[sIGPIC][/sIGPIC]

17 Port & Maritime Regiment RCT

Share this post


Link to post
Share on other sites

  • Recently Browsing   0 Caggers

    No registered users viewing this page.


  • Have we helped you ...?


×
×
  • Create New...