On Wed, 30 Dec 2009 15:51:23 -0000, Iain put finger to keyboard and
typed:

"Mark Goodge" wrote in message
shouse.net...
On Wed, 30 Dec 2009 13:39:54 -0000, tim.... put finger to keyboard and
typed:

"Alan" wrote in message
...


Recent day-time TV advert for a pay-day loans offers a quick service. I
would think so with an interest rate of 2356% APR !

and there are ads offering to "buy your gold" that (anecdotally) pay about
10% of actual value.

I really can't understand why someone with some jewellery to sell doesn't
just go into a local jewellers and see what they will pay first.

As the saying goes, a fool and his (or her) money are soon parted. And
there are enough fools out there for parting them from their money to
be a viable business model.

One must not forget also the elderly and vulnerable who DO need protecting.

Indeed. I'm not justifying it, merely explaining it. It's all too easy
for those of us with at least half a brain to think that no-one would
be stupid enough to fall for these things. But people do, and enough
of them do for it to be worthwhile creating businesses that rely on
them doing it.

Mark
--
Blog: http://mark.goodge.co.uk
Stuff: http://www.good-stuff.co.uk