Why the poor get poorer and the rich get richer!!
Scooby Regular
Joined: May 2006
Posts: 2,193
Likes: 0
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
Scooby Regular
Joined: Sep 2006
Posts: 5,108
Likes: 0
From: RIP Tam.
Scooby Regular
Joined: Jun 2008
Posts: 1,106
Likes: 0
Scooby Regular
Joined: Oct 2009
Posts: 6,345
Likes: 1
From: In a house
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
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
Joined: Jul 2003
Posts: 60,269
Likes: 0
From: Cas Vegas
The correct term is the U.P.I., which stands for the Urban Pikey Index. :
Scooby Regular
Joined: Jul 2003
Posts: 60,269
Likes: 0
From: Cas Vegas
Scooby Regular
Joined: Jul 2003
Posts: 60,269
Likes: 0
From: Cas Vegas
Scooby Regular
Joined: Sep 2009
Posts: 278
Likes: 0
From: west yorks
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
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
Joined: Sep 2007
Posts: 2,785
Likes: 0
From: England
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.
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
Joined: Aug 2002
Posts: 39,877
Likes: 0
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
iTrader: (6)
Joined: Sep 2004
Posts: 14,661
Likes: 5
From: On a small Island near France
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
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 ?
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
Joined: Nov 2003
Posts: 46,493
Likes: 13
From: riding the crest of a wave ...
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
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
Joined: Nov 2003
Posts: 35,246
Likes: 0
From: Far Far Away
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.
Thread
Thread Starter
Forum
Replies
Last Post
fatboy_coach
General Technical
15
Jun 18, 2016 03:48 PM
