Scooby Regular
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There are no credit checks, thats one of the reasons they can get away with charging 30% interest and i suppose why they have to, due to the amount of non payersOriginally Posted by PaulC72
Joking asdie maybe anyone on the dole should have their credit rating killed so they can no longer buy anything from anywhere on credit.
Scooby Regular
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Originally Posted by mamoon2
There are no credit checks, thats one of the reasons they can get away with charging 30% interest and i suppose why they have to, due to the amount of non payers
I imagine they do TBH. It is a shame as if they did make that rule then it would stop allot of problems.
Owner of SNet
^^ How do they / can they make money? Surely people must avoid them like the plague ...
TX.
TX.
Scooby Regular
These things are not new, there were similar things around when I was growing up in the eighties.
But they are not the reason why the 'poor' stay poor, they are the reason why the stupid poor stay poor.
My parents didn't have much money but they had enough common sense to know that you should only buy what you can really afford. That allowed them to get on a bit in life, a little sacrifice early on pays dividends later on.
If people are stupid enough to pay huge amounts of money to buy things they can't actually afford more fool them. I have little sympathy for them but this is nothing new, it's been going on for at least thirty or fourty years
But they are not the reason why the 'poor' stay poor, they are the reason why the stupid poor stay poor.
My parents didn't have much money but they had enough common sense to know that you should only buy what you can really afford. That allowed them to get on a bit in life, a little sacrifice early on pays dividends later on.
If people are stupid enough to pay huge amounts of money to buy things they can't actually afford more fool them. I have little sympathy for them but this is nothing new, it's been going on for at least thirty or fourty years
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Yeah it does look like a rip off but there were these points as pluses for the customers.
Originally Posted by RobsyUK
I used to give out loans for proivdent at 2000% APR, you borrow £100 and you pay back £290 at £3.00 a week.... (these figures are probably wrong so forgive my maths)Yeah it does look like a rip off but there were these points as pluses for the customers.
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I did some work for Provident Financial (although it was about 15 years ago).Originally Posted by mamoon2
There are no credit checks, thats one of the reasons they can get away with charging 30% interest and i suppose why they have to, due to the amount of non payers
They used to justify their rates on the basis of high delinquency. The reality is that their delinquency was little higher than Barclays or Lloyds due to a very clever business model.
They had two basic products - a 30week and a 52week product.
So typically 30weeks - £200, pay £10 for 30 weeks = £300; 52 weeks - £300, pay £10 for 52 weeks = £520.
Not quite £2000 but these were the long term loans.
Scooby Regular
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Which is the area of your TV screen divided by the area of the floor in your living area.
Oi, if you're going to nick my inventions, at least credit me and use the correct terminology! :Originally Posted by Trout
Well it does go towards the chav quotient.Which is the area of your TV screen divided by the area of the floor in your living area.
The correct term is the U.P.I., which stands for the Urban Pikey Index. :
Scooby Regular
I thank you. 
Scooby Regular
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I pay cash for everything and negotiate on almost everything ...... when I bought my car last year I asked the Salesman what his best price was - he said he could sell the particular car for the list price. People actually come in, he
said, select a car - pay on HP - buy the alloy wheel cover, the GAP Insurance and pay £350 for some polish and interior trim protectant!!
I told him I would pay him List minus £2,000 and I want the £350 polish and interior clean thrown in .... I want absolutely no 'extras' whatsoever. He agreed - and thoroughly enjoyed dealing with a real man for once
The only reason I can do these deals is that mugs pay silly money for stuff ...... an example, I bought a PAYG decent mobile for £3 - yes, £3!! How many idiots will be paying £100's for mickey mouse Iphone4's, Samsung S2's, and all other such hyped, uneeded junk??
A fool and their money are soon parted ...... and all the better for the rich like me to get richer - keep it up mugs
pslewis you're so Money Supermarket, do you feel epic?Originally Posted by pslewis
To be honest, the gullible and stupid are the reason I get fantastic bargains!I pay cash for everything and negotiate on almost everything ...... when I bought my car last year I asked the Salesman what his best price was - he said he could sell the particular car for the list price. People actually come in, he
said, select a car - pay on HP - buy the alloy wheel cover, the GAP Insurance and pay £350 for some polish and interior trim protectant!!
I told him I would pay him List minus £2,000 and I want the £350 polish and interior clean thrown in .... I want absolutely no 'extras' whatsoever. He agreed - and thoroughly enjoyed dealing with a real man for once
The only reason I can do these deals is that mugs pay silly money for stuff ...... an example, I bought a PAYG decent mobile for £3 - yes, £3!! How many idiots will be paying £100's for mickey mouse Iphone4's, Samsung S2's, and all other such hyped, uneeded junk??
A fool and their money are soon parted ...... and all the better for the rich like me to get richer - keep it up mugs
Scooby Regular
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Originally Posted by Einstein RA
How old does that make you if your daughter is a pensioner?!
The pensioner was the previous occupant.
Scooby Regular
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Says he who blew all his money back in the early 90's, including the money he didn't pay to the IRS, then became broke. he only got a lucky break before becoming rich again!Originally Posted by Trout
Scooby Regular
It always works that way, having no money forces you into expensive choices like prepayment meters and paying for things like insurance monthly which can add another £50 - £100 to the premium. Also the maxim buy cheap, buy twice applies, the rich buy quality stuff which lasts longer, has left maintenance requirements and retains value where the poor buy cheaper options which don't last the same, a generalisation but you see the point.
Scooby Regular
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Originally Posted by J4CKO
It always works that way, having no money forces you into expensive choices like prepayment meters and paying for things like insurance monthly which can add another £50 - £100 to the premium. Also the maxim buy cheap, buy twice applies, the rich buy quality stuff which lasts longer, has left maintenance requirements and retains value where the poor buy cheaper options which don't last the same, a generalisation but you see the point.
Point seen but as stated earlier re. my specific energy situation, it doesn't cost me ANY more on pre-payment meters than quarterly bills
And certain comsumables/appliances which may be thought as as "budget" have outlasted more prestige branded items. Generalise all you want but understand there are exceptions to the rule and expensive doesn't always guarantee you longivity or superior quality.
No disrespect intended
Scooby Regular
The world is full of greedy and unprincipled people in positions of control of corporations or the money supply.
Until there is a sea change in those peoples' attitudes to one of fairness and consideration for others, the problem will continue.
Can anyone see any signs of a strong and principled leader who might have a go at achieving such a situation?
Les
Until there is a sea change in those peoples' attitudes to one of fairness and consideration for others, the problem will continue.
Can anyone see any signs of a strong and principled leader who might have a go at achieving such a situation?
Les
Scooby Regular
Quote:
I pay cash for everything and negotiate on almost everything ...... when I bought my car last year I asked the Salesman what his best price was - he said he could sell the particular car for the list price. People actually come in, he said, select a car - pay on HP - buy the alloy wheel cover, the GAP Insurance and pay £350 for some polish and interior trim protectant!!
I told him I would pay him List minus £2,000 and I want the £350 polish and interior clean thrown in .... I want absolutely no 'extras' whatsoever. He agreed - and thoroughly enjoyed dealing with a real man for once
The only reason I can do these deals is that mugs pay silly money for stuff ...... an example, I bought a PAYG decent mobile for £3 - yes, £3!! How many idiots will be paying £100's for mickey mouse Iphone4's, Samsung S2's, and all other such hyped, uneeded junk??
A fool and their money are soon parted ...... and all the better for the rich like me to get richer - keep it up mugs
Originally Posted by pslewis
To be honest, the gullible and stupid are the reason I get fantastic bargains!I pay cash for everything and negotiate on almost everything ...... when I bought my car last year I asked the Salesman what his best price was - he said he could sell the particular car for the list price. People actually come in, he said, select a car - pay on HP - buy the alloy wheel cover, the GAP Insurance and pay £350 for some polish and interior trim protectant!!
I told him I would pay him List minus £2,000 and I want the £350 polish and interior clean thrown in .... I want absolutely no 'extras' whatsoever. He agreed - and thoroughly enjoyed dealing with a real man for once
The only reason I can do these deals is that mugs pay silly money for stuff ...... an example, I bought a PAYG decent mobile for £3 - yes, £3!! How many idiots will be paying £100's for mickey mouse Iphone4's, Samsung S2's, and all other such hyped, uneeded junk??
A fool and their money are soon parted ...... and all the better for the rich like me to get richer - keep it up mugs
your posts do make me smile .. Oh by the way, did you manage to shift that stuff you looted ?
Scooby Regular
Talking about being ripped off!
Can anybody explain why this iPad 2 is nearly £800 more expensive than in the Apple store? or am I missing something
https://www.amazon.co.uk/APPLE-iPad-...785679&sr=1-15
Looking through the listings on Amazon there are a lot of them costing more than retail
Can anybody explain why this iPad 2 is nearly £800 more expensive than in the Apple store? or am I missing something
https://www.amazon.co.uk/APPLE-iPad-...785679&sr=1-15
Looking through the listings on Amazon there are a lot of them costing more than retail
Scooby Regular
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Originally Posted by foxarm
As long as she is not on benefits, then she can knock herself out
But she is on Benefits.
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Originally Posted by stilover
But she is on Benefits.
Well if she is like My gf's mates the dwp should scour facebook, they happily brag about the latest piece of av equipment they have procured via a provident or crisis loan.
Scooby Regular
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And certain comsumables/appliances which may be thought as as "budget" have outlasted more prestige branded items. Generalise all you want but understand there are exceptions to the rule and expensive doesn't always guarantee you longivity or superior quality.
No disrespect intended
Quite true , some old co's are definitely trading on the name Originally Posted by chocolate_o_brian
Point seen but as stated earlier re. my specific energy situation, it doesn't cost me ANY more on pre-payment meters than quarterly bills And certain comsumables/appliances which may be thought as as "budget" have outlasted more prestige branded items. Generalise all you want but understand there are exceptions to the rule and expensive doesn't always guarantee you longivity or superior quality.
No disrespect intended
Bought a russel hobbs kettle for 25 quid - last several months So went in a bought generaic for a fiver had the same amount of time and its right as rain
SN Fairy Godmother
It's nothing but exploitation of the vulnerable. Everyone wants nice things, but for some, it's just out of reach. These loan sharks, and that's all they are, are preying on that.
They should be regulated, but no one gives a damn. This Country has turned into "rip off at will" and that is a sad situation.
They should be regulated, but no one gives a damn. This Country has turned into "rip off at will" and that is a sad situation.