5 • 2.6K Ratings
🗓️ 16 May 2024
⏱️ 22 minutes
🧾️ Download transcript
Last time the research was done in England, 1.1 million people were borrowing from illegal lenders... and that was two years ago, before the cost of living crisis which has surely pushed that number higher, so we're looking at somewhere between 1 in 30 and 1 in 40 adults. Those borrowers are facing a combination of threats and extortionate rates, and you're losing directly, too, because "if one of your customers is paying the loan shark, they won't pay your loan because the loan shall be the priority".
Stop Loan Sharks is at home online at https://www.stoploansharks.co.uk/
But it also just happens to be one of their bi-annual social media weeks, so why don't you also engage with their posts on LinkedIn https://www.linkedin.com/company/stoploansharksengland/
I am on LinkedIn, too, and open to new genuine connections - https://www.linkedin.com/in/brendanlegrange - please also follow the show's page while you're there.
Meanwhile, my action-adventure novels are on Amazon, some versions even for free, and my work with ConfirmU and our gamified psychometric scores is discussed at https://confirmu.com/ and on episode 24 of this show https://www.howtolendmoneytostrangers.show/episodes/episode-24
And finally, I'm also co-creating a new podcast called hAIghtened senses which will look at the intersection between human senses and technology, especially AI-powered technology. You can already start to follow it wherever you're listening to this one - there's only a trailer there at the moment, but we've recorded some of the early episodes and it's going to be a fun ride!
Keep well, Brendan
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0:30.6 | If one of your customers is paying a loan shot, they won't pay your loan back because the loan |
0:36.3 | shot will be the priority. The threat's been witchcraft, so you know I'll put a curse on you |
0:40.4 | in your family or I'll break your legs or I'll tell your partner about the loan or I'll tell |
0:46.1 | your boss to watch you because you might have your hand in the tail because you owe me money. |
0:50.3 | We've seen APR's in excess of 130,000%. |
0:54.0 | Some will just carry on extorting money out of you because you can't say no to them. |
0:58.0 | But at the same time, nearly half the people we helped last year |
1:01.0 | thought the LoSh show was their friend. |
1:03.0 | So even if you have got access to credit, |
1:05.5 | if your mate is offering to lend you money to help you out, |
1:08.4 | you might choose that as the option. |
1:19.3 | One of my very favorite places in the world is this little island off of Corona in the Philippines. My wife and I discovered it when our oldest child was only a few months old and we loved it because the beach huts were so close to the shore that we could put our daughter to sleep in a crib, hire a babysitter and walk out pretty much straight onto the |
1:35.5 | greatest reef I've ever seen in my life. |
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