Ocean Finance and the ilk
Trending Topics
#10
Scooby Senior
Join Date: Aug 2002
Location: 52 Festive Road
Posts: 28,311
Likes: 0
Received 0 Likes
on
0 Posts
Originally Posted by NotoriousREV
Doesn't one of them say something like "the people on the advert seemed like normal folk". Maybe where you live, mate, but not in the circles I move in.
#13
Scooby Regular
Join Date: Sep 2000
Location: Notts, UK
Posts: 4,935
Likes: 0
Received 0 Likes
on
0 Posts
And all the above companies are cheap compared to the little finance houses you see on the high street like Shopacheck and London and Scottish.
These have agents that visit houses and offer very small loans or goods from catalogues and can charge well over 100% interest.
My Father in Law is a retired Shopacheck manager, some people will borrow £50 and pay £2.50 a week back over a year. They also do TV's where you put money in to view until you have bought it. A Tatung 21" with a value of around £150 takes well over £600 before it is paid for.
It certainly pays to have a good credit rating.
Cheers
Lee
These have agents that visit houses and offer very small loans or goods from catalogues and can charge well over 100% interest.
My Father in Law is a retired Shopacheck manager, some people will borrow £50 and pay £2.50 a week back over a year. They also do TV's where you put money in to view until you have bought it. A Tatung 21" with a value of around £150 takes well over £600 before it is paid for.
It certainly pays to have a good credit rating.
Cheers
Lee
#15
P.m.s.l at Notorious REV
Hard to believe the interest these places charge!
You would be cheaper going to your not so friendly local drug-dealing,pimping,extortion racketeering,loan-shark gangster
Hard to believe the interest these places charge!
You would be cheaper going to your not so friendly local drug-dealing,pimping,extortion racketeering,loan-shark gangster
#16
Scooby Regular
Join Date: Jun 2003
Location: Founder of surreyscoobies.co.uk
Posts: 2,889
Likes: 0
Received 0 Likes
on
0 Posts
Why are all the people in the ocean finance ads all old chain smoking chavs from essex?? "I took aaatttt er lown from eershan fynance aand it changed my lyfe" I now have no ******* life more like, tossers.
#17
Hello
I don't have a problem with the more interesting section of our society being shown to need loans. What I DO have a problem with is the tag lines that go along the lines of "Consolidate your debt, and have spare cash to spend on a holiday or a new car".
How stupid is that? You are in money trouble, so you take a larger loan and then spend it on frivolous things. Sigh.
Steve.
I don't have a problem with the more interesting section of our society being shown to need loans. What I DO have a problem with is the tag lines that go along the lines of "Consolidate your debt, and have spare cash to spend on a holiday or a new car".
How stupid is that? You are in money trouble, so you take a larger loan and then spend it on frivolous things. Sigh.
Steve.
#18
Scooby Regular
Join Date: Nov 2001
Location: sheffield
Posts: 4,093
Likes: 0
Received 0 Likes
on
0 Posts
FUNNY how you guys are talking so much about finance/loans/mortgages last few days.
i was asking for a loan from freedom finance
they only offered me £25500
to be paid over 360 months thats 30 years
paying just over £330 a month
NOW WORK OUT THE INTEREST
well they can
i was asking for a loan from freedom finance
they only offered me £25500
to be paid over 360 months thats 30 years
paying just over £330 a month
NOW WORK OUT THE INTEREST
well they can
#22
I havent !
Well apart from the two grand I owe our savings account, I left a two grand sized hole in it after buying a Fiat Coupe, to be honest I would rather have a Loan Shark's boys on my case than the missus, "remember your sex life is at risk if you do not keep up payments".
Well apart from the two grand I owe our savings account, I left a two grand sized hole in it after buying a Fiat Coupe, to be honest I would rather have a Loan Shark's boys on my case than the missus, "remember your sex life is at risk if you do not keep up payments".
#23
Scooby Regular
Join Date: Apr 2003
Location: Location: Location:
Posts: 1,097
Likes: 0
Received 0 Likes
on
0 Posts
The two funny ones I've noticed:
A fat lady from Ocean Finance saying "It felt like a huge weight had been lifted from my shoulders"
Umm, no it hasn't, dear. You have quite obviously sold your mirror to buy more cakes.
And the Carol Smilie loan ad with the dad washing his Ford Focus. "I'd like to spend the money on a new car" he says, nodding to the picture of an MX5.
It's a two seater, you've got a family of four you ****! No wonder you struggle at basic maths...
A fat lady from Ocean Finance saying "It felt like a huge weight had been lifted from my shoulders"
Umm, no it hasn't, dear. You have quite obviously sold your mirror to buy more cakes.
And the Carol Smilie loan ad with the dad washing his Ford Focus. "I'd like to spend the money on a new car" he says, nodding to the picture of an MX5.
It's a two seater, you've got a family of four you ****! No wonder you struggle at basic maths...
#24
Scooby Senior
iTrader: (1)
Join Date: Nov 2000
Location: Wildberg, Germany/Reading, UK
Posts: 9,706
Likes: 0
Received 73 Likes
on
54 Posts
Other adverts that pi55 me off are the stupid mobile ringtone adverts that get repeated over and over and over again.
Also on the subject of loans all the thickos that say " and we had enough left over to buy a new car/snooker table! if you have enough left over to buy a new car or go on holiday then you borrowed to much in the first place you stupid ****.!!!!!!!!
Also on the subject of loans all the thickos that say " and we had enough left over to buy a new car/snooker table! if you have enough left over to buy a new car or go on holiday then you borrowed to much in the first place you stupid ****.!!!!!!!!
#25
Scooby Regular
Originally Posted by Jiggerypokery
The two funny ones I've noticed:
A fat lady from Ocean Finance saying "It felt like a huge weight had been lifted from my shoulders"
A fat lady from Ocean Finance saying "It felt like a huge weight had been lifted from my shoulders"
The Vordaman adverts are just soo patronising there almost offensive. Funny how the adverts show mostly during chat shows like Trisha etc.
A mate works for a finance company and his favorite slogan is "Borrow off us, we'll earn money from your misery".
#26
Can I just add?
I used to work in the same building as 'Yes' car credit in Horsham (they were the floor below us). In fact, when the company I worked for left, they expanded 'upwards' and took over at least one of our old floors.
Anyhow, seeing some of the money that some of their top guys were earning (by the cars they'd drive to the office) would make you cry. I understand that to lend money to 'riskier' clients means you have to charge a slight premium on your APR to cover the likely extra administration costs associated with the loan and also to cover the fact that in many cases you won't get the money back. The problem is that companies like this prey on the desperate and the stupid and those who have no other choice than to take money offered 'now' no matter what the cost.
I like what Fast Bloke says about the FSA. Can't wait. Then companies like 'Yes' can **** off.
Simon.
Anyhow, seeing some of the money that some of their top guys were earning (by the cars they'd drive to the office) would make you cry. I understand that to lend money to 'riskier' clients means you have to charge a slight premium on your APR to cover the likely extra administration costs associated with the loan and also to cover the fact that in many cases you won't get the money back. The problem is that companies like this prey on the desperate and the stupid and those who have no other choice than to take money offered 'now' no matter what the cost.
I like what Fast Bloke says about the FSA. Can't wait. Then companies like 'Yes' can **** off.
Simon.
Last edited by SD; 20 September 2004 at 01:33 PM.
#27
Originally Posted by SD
I like what Fast Bloke says about the FSA. Can't wait. Then companies like 'Yes' can **** off.
Simon.
Simon.
The FSA wont stop them operating, but the will make sure that the finer points are explained - like 'You are unlikely to ever clear the debt with us unless you win the lottery three of four time running'
They (FSA) are about to do to lending what they have done to endowment selling over the past couple of years, so at least the people who are about to be fleeced know they are about to be fleeced
#28
Scooby Regular
Join Date: Oct 2002
Location: London Town
Posts: 983
Likes: 0
Received 0 Likes
on
0 Posts
I don't get it, if you owe £20k on credit cards costing you 24% apr, then why not take out one of these loans, against your house, at an apr of 9% or whatever. lower interest charges, over longer period = more manageable debt.
it's the stupidity of going 20k on your credit cards in the first place thats the problem.
Ted
it's the stupidity of going 20k on your credit cards in the first place thats the problem.
Ted
#29
Scooby Regular
Join Date: Jul 2004
Location: Shall we tell em....who we are???
Posts: 459
Likes: 0
Received 0 Likes
on
0 Posts
And the Carol Smilie loan ad with the dad washing his Ford Focus. "I'd like to spend the money on a new car" he says, nodding to the picture of an MX5.
It's a two seater, you've got a family of four you ****! No wonder you struggle at basic maths...[/QUOTE]
Class
It's a two seater, you've got a family of four you ****! No wonder you struggle at basic maths...[/QUOTE]
Class