Amadeus Posted August 30, 2011 Share Posted August 30, 2011 What's the betting quite a few won't listen & continue spending until the house is gone? http://www.yorkshirepost.co.uk/business/business-news/get_rid_of_sky_tv_bank_warns_hard_up_borrowers_1_3724426 Link to comment Share on other sites More sharing options...
Albert Tatlock Posted August 30, 2011 Share Posted August 30, 2011 More nanny state shoite. Banks should only have the right to check peoples credit when the need arises (e.g. going for a loan or not paying it), not police people's spending. 'Dear Mr Arkwright I noticed you spent £15 more on fags and booze this week, paid £14 to watch the big fight, and took your girifriend out twice (does your wife know?). Rememeber we are not just watching Larch View Rise, we are watching you!...' *&*& off! About time these credit reference agencies were reigned in. Link to comment Share on other sites More sharing options...
The Dalby Spook Posted August 30, 2011 Share Posted August 30, 2011 People who are defaulting on loans and refusing to pay their rent claiming hardship whilst watching Sky TV, smoking tabs and eating takeaway should absolutely have to keep a budget of their outgoings and prove what they are spending their money on. If you have massive debts, why the f*** should you blow money on luxuries before paying your creditors? Here comes the human & civil rights brigade. Yawn. Just imagine you lent your mate £100 and he refused to pay it back becasue he was broke. But he smoked 20 tabs and drank a couple of pints each afternoon and ordered Dominoes in the evenings. You would be furious, right. Same rules apply. Link to comment Share on other sites More sharing options...
Albert Tatlock Posted August 30, 2011 Share Posted August 30, 2011 Yawn. Just imagine you lent your mate £100 and he refused to pay it back becasue he was broke. But he smoked 20 tabs and drank a couple of pints each afternoon and ordered Dominoes in the evenings. You would be furious, right. Same rules apply. So I can sit looking through his living room window at night monitoring his money? Point is, I wouldn't have lent in the first place, if I didn't think I'd get it back. Banks. Pot/kettle/black and all that. Link to comment Share on other sites More sharing options...
The Dalby Spook Posted August 30, 2011 Share Posted August 30, 2011 That wasn't directed at you AT, just a general rant. I wouldn't lend to dossers either but banks are not in the fortunate position of knowing the people and they lend to, it's their business... Link to comment Share on other sites More sharing options...
La_Dolce_Vita Posted August 30, 2011 Share Posted August 30, 2011 But it is the basis of their business to lend to those who have difficulty to PAYING OFF their debts. Their best customers aren't those who take out loans and quickly pay them back. The bank takes the risks on the low earners who allow them to make an easy buck. If a lot of these default then that's THEIR fault. The gambled and because the economic situation has worsened, they will lose far more than they thought. The point is that if you were going to lend £100 to someone, you take the risk in getting it back. You need to know about them. Tough shit if you haven't done enough homework. Anyway, who would lend to a mate if they weren't certain they'd get it back or weren't too bothered about getting it back? Link to comment Share on other sites More sharing options...
John Wright Posted August 30, 2011 Share Posted August 30, 2011 er no, with credit scoring banks do not lend to high risks, that is the whole thing about the credit crunch, banks are not lending at present and certainly to no one who is the remotest bit dodgy. If you are late with a CC payment, it goes on your credit record, 3 times late in a year and you are downgraded and other card companies will reduce your credit limits. Only credit unions (which are good and responsible and encourage saving as well as lending at reasonable rates) and loan sharks and payday loan companies lend to those who do not qualify for a bank loan. look at the rates charged by payday loan companies and loan sharks, 1,000% plus. makes a credit card at 29 eye watering % seem cheap. I have a good income, no debt, tax all up to date, substantial assets, pay off my CC every month, and Coop Visa noticed I had had 3 late payments last year on another card (when my partner was at deaths door, 3 x air ambulanced to Walton in and out of hospital with brain hemorrhages, hospital bug infections and an aborted skull plate operation) by 3 days on each occasion and reduced my limite from £10,000+ to £2,000. made me feel like a naughty boy. Produced my accounts and banks statemenst to try and get it back, as I keep the Visa card in reserve in case of losss or theft, no go, the credit reference agency it said no, according to the Coop. I'm with Albert, credit reference agencies are dangerous.! Link to comment Share on other sites More sharing options...
Tugger Posted August 30, 2011 Share Posted August 30, 2011 Last time I tried to cancel Sky I ended up with a more expensive deal than the one I was on (and signed up for a minimum twelve months!) Link to comment Share on other sites More sharing options...
La_Dolce_Vita Posted August 30, 2011 Share Posted August 30, 2011 er no, with credit scoring banks do not lend to high risks, that is the whole thing about the credit crunch, banks are not lending at present and certainly to no one who is the remotest bit dodgy. Isn't the whole thing about the fact that they were lending to high risks and that they simply can't do now? Link to comment Share on other sites More sharing options...
Addie Posted August 30, 2011 Share Posted August 30, 2011 Last time I tried to cancel Sky I ended up with a more expensive deal than the one I was on (and signed up for a minimum twelve months!) LOL Cunning little beggars aren't they? We've escaped their clutches after decades and it's bye-bye at end of contract next month Planning to use the Sky box/dish for Freesat and using Eurosport player at £3.99 pm. Link to comment Share on other sites More sharing options...
John Wright Posted August 30, 2011 Share Posted August 30, 2011 But generally their bad debts are bigger, commercial, plus buy to let, buy off plan, not ordinary customers who want an overdraft occasionally. OK thdey get the odd few, in terms of total value, mortgage defaulters in negative equity The tightening on ordinary customers and the growth of loan sharking and pay day loans is as much to do with the move to transparent relevant charging. banks cannot make unfair profit on kit now, so they don't play. Desperate customesr look elsewhere. Current banking losses to the ordinary customer are through having to repay the premiums on worthless protection insurance missold over years Link to comment Share on other sites More sharing options...
John Wright Posted August 30, 2011 Share Posted August 30, 2011 But it is the basis of their business to lend to those who have difficulty to PAYING OFF their debts. Their best customers aren't those who take out loans and quickly pay them back. The bank takes the risks on the low earners who allow them to make an easy buck. If a lot of these default then that's THEIR fault. The gambled and because the economic situation has worsened, they will lose far more than they thought. The point is that if you were going to lend £100 to someone, you take the risk in getting it back. You need to know about them. Tough shit if you haven't done enough homework. Anyway, who would lend to a mate if they weren't certain they'd get it back or weren't too bothered about getting it back? Has no one ever put trust in you and loaned you money? Link to comment Share on other sites More sharing options...
La_Dolce_Vita Posted August 30, 2011 Share Posted August 30, 2011 Yes, they have. I do see your point. Link to comment Share on other sites More sharing options...
ScotsAlan Posted August 30, 2011 Share Posted August 30, 2011 I haven't had TV since January this year. And I don't really miss it to be honest. Link to comment Share on other sites More sharing options...
Pierrot Lunaire Posted August 30, 2011 Share Posted August 30, 2011 I can't understand why anyone would have Sky TV in light of the phone hacking scandal. Link to comment Share on other sites More sharing options...
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