Comments by "Christopher Winstanley" (@christopherwinstanley1348) on "Two Cents" channel.

  1. Banks and financial institutions are the biggest heartache. It's really demeaning to take money from someone that are struggling financially. The banks are not your brother, and if you need to borrow money to meet financial obligation s, it's more likely they'll refuse, unless there is asserts. So it's gaining control of your money. Then comes the payday loans, they really are an eyesore on debt. People get into these situations because of choice they've made, or had to make. My sister made the mistake with credit and store cards and at the time she didn't need them! So there is a way to manage money. Priority bills, such as rent and tax, these can cause the worst effect, then utilities and then spending food ect. Here Britain it's a different perspective and you get some assistance. Such as utilities have to give you an option for payment meter (normally on a tariff). Water can't cut your supply because of health environment issue. In some situation you can get payday and loans frozen for a duration. However it's saying that you won't attempt to attain credit. A lot with poverty trap is getting a plan to stop accumulating debt. If there is a minimum wage then it's more control, America seem more aggresive with sales ect, but it makes people live beyond there means. There is the zero hour contracts here that cause irregularity in people's income.
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