British man sets self on fire after failing to pay debts

There is a graphic photo and article here:

http://www.presstv.ir/detail/2013/05/15/303708/debt/


He died from his injuries.

 

Antony Breeze is not an isolated incident.

Four months before him , a 48 year old man set himself on fire outside a Birmingham Job Centre after the government’s punitive fitness to work assessments saw him lose his benefits.

A homeless 18 year old poured lighter fluid over himself and set himself alight at a Torquay Town Hall after the office failed to house him.

A desperate dad took an overdose in response to his mounting debts. Payday lender The Cheque Centre continued to pester him on his mobile phone and withdraw funds from his bank account while he lay in hospital, despite his wife contacting the firm to let them know the situation.

18 year old Oliver Scott took his own life by jumping in front of a train after running up thousands in debt with Wonga, Cash Genie and Tooth Fairy Finance in just a few months.

...

Usury is the crime of charging an unethical level of interest on a loan. Pay day loans are typically between £50 and £1,000 over an intended loan period of a month (you pay the loan back on payday).

The biggest payday lender, Wonga, charges 4,215% on its loans.

If a lender took out £100 and took 3 months to pay it back, they would owe a massive £1,065. If they had struggled to find the £100 it is highly unlikely they would be able to find over £1,000. By six months, they would owe £2,107 and by the end of a year £4,215.... for a £100 loan !

.....

In the ten years between 1999 and 2009, the annual salary rose 13.6%.
During the same period, house prices went up 130%, a loaf of bread went up 147%, and a litre of petrol went up 42%.

This goes some way to accounting for the fact that personal debt rose during this period by 158%. Access to credit created consumer demand which concealed the gap between wage and cost of living inflation.

In the last five years, wages have increased by just 10%. The UK Essentials Index which focuses on the kinds of everyday items which the UK’s working and non-working poor buy showed an inflation rate of 33% during the same period. This means that for the poorest working people, their wages are worth 20% less than they were back in 2008.


All the above are quotes taken from Welcome to the Usury Kingdom – Sponsored by Wonga

Full article here - http://unemploymentmovement.com/forum/chat-a-rap/5926-welcome-to-the-usury-kingdom