Mister M 1,625 #25 Posted February 7, 2019 I don't like labelling people thick or stupid. There is a massive problem with personal debt in this country - I think it was recently announced that each household owes about £15 & half thousand (not including mortgages). This issue goes back years, to the 1980s when the shackles & regualtions were removed,. Immediate gratification and the spend, spend, spend culture that I have grown up with really has hit a peak. Whilst yes, its up to people to be as financially savvy as possible, credit companies should be more responsible in their lending. People shouldn't be afraid to say no to their children, just like companies shouldn't be afraid to say no to potential customers. Share this post Link to post Share on other sites Share this content via...
Hots on 10 #26 Posted February 7, 2019 4 minutes ago, Mister M said: I don't like labelling people thick or stupid. There is a massive problem with personal debt in this country - I think it was recently announced that each household owes about £15 & half thousand (not including mortgages). This issue goes back years, to the 1980s when the shackles & regualtions were removed,. Immediate gratification and the spend, spend, spend culture that I have grown up with really has hit a peak. Whilst yes, its up to people to be as financially savvy as possible, credit companies should be more responsible in their lending. People shouldn't be afraid to say no to their children, just like companies shouldn't be afraid to say no to potential customers. Totally concur with this. Well put. Share this post Link to post Share on other sites Share this content via...
Shunter 0 #27 Posted February 7, 2019 The wonga of the high street. Unfeasably ridiculous interest rates and no doubt a burden to all who have shopped in her. Of course it's unfortunate for the staff but then surely their personal ethics should have told them long ago to find another job, with a more morally acceptable company. Share this post Link to post Share on other sites Share this content via...
melthebell 863 #28 Posted February 7, 2019 20 minutes ago, Mister M said: I don't like labelling people thick or stupid. There is a massive problem with personal debt in this country - I think it was recently announced that each household owes about £15 & half thousand (not including mortgages). This issue goes back years, to the 1980s when the shackles & regualtions were removed,. Immediate gratification and the spend, spend, spend culture that I have grown up with really has hit a peak. Whilst yes, its up to people to be as financially savvy as possible, credit companies should be more responsible in their lending. People shouldn't be afraid to say no to their children, just like companies shouldn't be afraid to say no to potential customers. Indeed fella, never got into debt, bar the odd £100 here and there Share this post Link to post Share on other sites Share this content via...
lottiecass 17 #29 Posted February 7, 2019 Good, really pleased these parasites are finished. Payday loans next,hopefully. Share this post Link to post Share on other sites Share this content via...
redruby 279 #30 Posted February 7, 2019 On 06/02/2019 at 16:05, Jim Hardie said: My generation bought second hand when we were starting out. If you couldn't afford, you went without and you saved until you could buy. Very sensible. Brighthouse is one store I won’t be sad to go. Share this post Link to post Share on other sites Share this content via...
Sweetcheeks 15 #31 Posted February 7, 2019 4 hours ago, Mister M said: I don't like labelling people thick or stupid. There is a massive problem with personal debt in this country - I think it was recently announced that each household owes about £15 & half thousand (not including mortgages). This issue goes back years, to the 1980s when the shackles & regualtions were removed,. Immediate gratification and the spend, spend, spend culture that I have grown up with really has hit a peak. Whilst yes, its up to people to be as financially savvy as possible, credit companies should be more responsible in their lending. People shouldn't be afraid to say no to their children, just like companies shouldn't be afraid to say no to potential customers. Spot on. It seems people have assets but no cash...the road to ruin if the debts are called in. Share this post Link to post Share on other sites Share this content via...
Guest makapaka #32 Posted February 7, 2019 On 06/02/2019 at 18:06, Penistone999 said: No one is forced to buy from them. Their interest rates are clearly shown before you purchase something . Same here mate . Problem is some people these days want things they cant afford Or can afford on a weekly basis at a ridiculously high interest rate that means they pay ridiculous sums for a product. you might be bright enough to see through it - some people aren’t - maybe they need a bit of protection from a company that will willingly and knowingly rinse them. do you agree with people getting ripped off? I wouldn’t have thought so. Share this post Link to post Share on other sites Share this content via...
Jim Hardie 527 #33 Posted February 10, 2019 On 07/02/2019 at 23:10, makapaka said: Or can afford on a weekly basis at a ridiculously high interest rate that means they pay ridiculous sums for a product. you might be bright enough to see through it - some people aren’t - maybe they need a bit of protection from a company that will willingly and knowingly rinse them. do you agree with people getting ripped off? I wouldn’t have thought so. You don't need to be bright. A modicum of common sense, something that the vast majority of us possess, is all that's required to stay away from this kind of enterprise. Brighthouse is just another case of unscrupulous people taking money from the foolish/stupid/dumb/vulnerable/thick/desperate (choose your own label). Another example is fixed odds betting terminals. Close them down all you like but these people will always find a way to part a fool from his money. Share this post Link to post Share on other sites Share this content via...
Guest makapaka #34 Posted February 10, 2019 1 hour ago, Jim Hardie said: You don't need to be bright. A modicum of common sense, something that the vast majority of us possess, is all that's required to stay away from this kind of enterprise. Brighthouse is just another case of unscrupulous people taking money from the foolish/stupid/dumb/vulnerable/thick/desperate (choose your own label). Another example is fixed odds betting terminals. Close them down all you like but these people will always find a way to part a fool from his money. So what’s your point? Share this post Link to post Share on other sites Share this content via...
willman 10 #35 Posted February 11, 2019 But where do you stop classing it as being ripped off or thick? If i can get credit cards at 0% and someone else gets one at 35% - are they thicker than me or being ripped off more than me? Argos and John Lewis and M&S offer store cards at 35% are the users there being ripped off and being thick? I don't have any credit at all, but are the people who need credit to buy cars etc thick or being abused. I reiterate the point - some people think they have no other option and from a credit perspective have no other option, regardless of how safe and condescending some might be about other peoples situations. Share this post Link to post Share on other sites Share this content via...
alchresearch 214 #36 Posted February 11, 2019 I would say the line is drawn when you're not shopping for an essential like a washing machine, but a luxury like a 4K Samsung 75" TV. Share this post Link to post Share on other sites Share this content via...