Three clicks of the mouse changed Donald's life: the New deal had made a clear difference

As Anders Jørgensen took out his first payday loan in 2013, there should be just three clicks, before which stood up to 4,000 dollars on his account. His imme

Three clicks of the mouse changed Donald's life: the New deal had made a clear difference

As Anders Jørgensen took out his first payday loan in 2013, there should be just three clicks, before which stood up to 4,000 dollars on his account.

His immediate problem was solved. But Donald's life was the one changed. It was an eye-opener, but also a fatal one, at a time when it was the compulsive gambler.

the 45-year-old Anders Jørgensen ended up taking one loan to pay off the second as he was not able to service them. At the same time he played for between 10.000-15.000 dollars up for the month.

so went the vicious spiral. It culminated with a debt of a quarter of a million dollars, and he was thrown out of his girlfriend through several years. A story, which he previously shared with B. T.

Anders Jørgensen admits that he basically knew what he went into. But it was too easy and too tempting for a compulsive gambler to take a payday loan.

Therefore he is happy for the Parliamentary agreement about payday loans, which was adopted on Thursday.

In the agreement, among other things, put an interest rate cap of 35 percent in the APR. In addition, politicians have introduced a ban on the marketing of payday loans on the tv in the context of games and gambling.

As the compulsive gambler was a the latter a big problem for Anders Jørgensen.

"It is super that there have been set some clear framework for when one must advertise for payday loans. It will definitely help in that people don't end up like me," he says, and continues:

"It is simply too easy, that in five minutes you can borrow up to 3.000-4.000 kroner and play them on a Liverpool victory."

Anders Jørgensen is convinced that the new deal had made a difference for him.

He hopes, however, that, with the time being added, there comes a time for reflection or a cooling-off period up to seven days, where one can drop their payday loans.

"Ludomanien was the reason that I took the payday loan. In my situation I should just spend the money, and then you don't care what it cost."

today is Anders Jørgensen come ludomanien to life and expect to be gældsfri in 2020.

B. T. has also been in contact with the Consumer council Think that overall, it is satisfied with the agreement.

"We have said all the time that we would like to an interest rate cap of 20 percent, but overall we seem, actually, it is a fine solution," says seniorøkonom Morten Bruun Pedersen.

He and the Consumer Think think that no one should prohibit payday loans.

"With the new framework is set, it is for companies to be skilful to create a business to exploit consumers."

Also økonomiekspert Carsten Linnemann from the program's Luksusfælden' believe that it is a good start.

"I think it will be hard to get a much better deal, but now there is at least a kind of awareness of what the APR is of a size, he says, and continues:

"I think the participants, we have in Luksusfælden, get into trouble anyway, and for 'ordinary people' is 35 percent in the APR still sore."

Anderson believes that one should see in the creditors ' direction and do more to scrutinize the borrower's economy. Thus will not be issued the loan in the first place was never realistic to get settled.

Updated Date: 21 December 2019, 02:00

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