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Old 14-08-2008, 17:25   #14045
SMHarman
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Join Date: Jun 2003
Services: Cablevision
Posts: 8,305
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Re: Virgin Media Phorm Webwise Adverts [Updated: See Post No. 1, 77, 102 & 797]

Quote:
Originally Posted by HamsterWheel View Post
And who do you think pays for that insurance and all the losses ?
Ordinary customers like you and me with higher interest rates and bank charges.
Just like all other types of fraud, and people who don't pay their loans back.

And to extend the argument - would you rather Plod devoted their resources to investigating Phorm or to catching a rapist ? With limited resources they should concentrate on the important crimes.
Bank fraud insurance is a low cost policy what with all the checks and balances in place.
Now people who don't pay their loans back are not neccessarily defrauding the company fraud and an inability to pay or poor credit assessment are two different things.
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