Anytime the government or any other entity spends billions of dollars then there is a higher risk of people trying to defraud the system and profit off of it. But I don’t think its impossible for the government to crack down and limit fraud and waste. We could easily reduce tax fraud by increasing the amount of IRS audits but the average tax payer doesn’t want that to happen. Its a difficult balance to find the proper amount of enforcement to limit fraud but not excessively inconvenience the innocent people.
Alice from http://britainloans.co.uk/
I’d like colleges to give students an idea of the actual costs of the loans they are taking on — how many years it will take to repay, and the total cost over the course of the loan ) (and if they want to be truly helpful, the average salary of recent graduates in various disciplines). That said, these students took on these loans, and just refusing to pay them is wrong — at some point, everyone has to understand that dangers of going into debt, whether for a car, a home, or an education. http://britainloans.co.uk/
I think that now the time has come when these so-called credit rating agencies should be regulated. They are not good for anything apart from creating panic in the market. Are these the same credit ratings agencies that confirmed their legitimacy by successfully predicting the value of junk securities held by banks that were one of the major contributory factors to the biggest financial crisis since the Great Depression? If I had given the power, I would rather ban them. The entire financial market is corrupted!
Alice from http://britainloans.co.uk/
People who take payday loans are not middle or upper class people most of the time. These are people who are about to lose the family apartment, which means homelessness and in some places losing their children as a result. Predatory towing often takes place in much the same manner. They prey on working class citizens who need the car for work the next day or face losing their only source of income. Granted the APR for no credit check loans is high, but if you have the money to lend these people and want to take the credit loss risks, go ahead. Otherwise, stop the bashing of these credit products and offer an alternative form of short term credit.
The NHS is by far the most egalitarian institution in the country. And as with most things that are free at point of access, so many now take it for granted and treat it with such contempt that one fears for its future. The dangerous push by politicians and vested interest to turn healthcare into a consumer product will trivialise demand to such an extent that it may become unsustainable as a public funded service. Its longterm future requires a certain level of responsibilty on the part of its users and by implication society at large. As an illustration, there are now more and more people becoming overweight because of poor diet and lack of physical activity who then apply for payday loans and go to NHS for expensive drugs or surgery to reduce weight often with less satisfactory outcome. The cost of catering for these lifestyle related maladies is what will eventually bankrupt the NHS if there in no comparative push to demand 'healthy lifestyle' as a responsibility for the right to use the service. While people are entitled to seek perfection, it is not realistic or desirable that every imperfection must be treated because it is collectively paid for.
It appears France and Germany are going to implement their new policies into EU law in such a way that the UK cannot put forward any objections or have any influence over.If Merkozy are allowed to manipulate the system regardless of whether any state has objections or not in this manner then a new dimension has been added to the EU that has sinister implications. It will signal the death of an already fragile EU democratic process, that national sovereignty is now to be totally subsumed and the fate of all the states within the EU are henceforth to be decided by just France and Germany. Perhaps it is good that the euro crises has forced Merkozy to show their hands as now it is plain what continued membership of the EU is going to mean for the UK. For the UK this is the most momentous event in the history of it's membership of the EU. This is going to test David Cameron's resolve and credibility. The time has truly come when the common, living on pounds till pay day UK people must be asked to decide where their future lies within or without the EU.
These EU rule changes will give more power to unelected Commission officials, This must not be allowed for British interests. We are supposed to be a democracy, but always have to give way to the EU dictatorship.