foxilescom Posted 21 June 2005 Posted 21 June 2005 Just had this sent to me about adverts for loans where you can lose your house, they are being pushed on Childrens TV. http://www.moneysavingexpert.com/not4kids This site in general is very good and can stop you being ripped off. I would strongly recommend their weekly email newsletter, often have many good tips and free offers. Keith H
Guest freund Posted 21 June 2005 Posted 21 June 2005 It's probably because the banks think that children watching tv will either be watching it with their parents, or their parents will be somewhere close, watching over them, which is probably true. and parents with new kids are probably one of the highest chances of getting loans
foxilescom Posted 21 June 2005 Author Posted 21 June 2005 The guy that runs this website has a major dislike of banks and other institutions that he believes rips off ordinary people. He is often on the radio, Radio 2 often have him on at lunchtime, if you ever listen. To give a bit more about the loans thing, his original email said Quote "Debt adverts on childrens' television channels, especially for secured loans, are a disgrace. The TV channels responsible should immediately stop showing them. Children’s TV channels are advertising high-interest loans aimed at families that find it hard to get cheaper credit, and with the possibility of losing their house. Nearly a third of children are repeating the slogans, and a tenth actually pester parents into getting such loans. One Mother's Quote: "My partner wants to buy a car. My eldest son (age 8) pipes up "go to Yes Car Credit, as anyone can get a car off them". I said "oh yes, and what exactly should we use to pay them back?" and he said "don't worry, they make sure it's an affordable monthly payment". " End Quote
Guest Posted 22 June 2005 Posted 22 June 2005 "Debt adverts on childrens' television channels, especially for secured loans, are a disgrace. The TV channels responsible should immediately stop showing them. Children’s TV channels are advertising high-interest loans aimed at families that find it hard to get cheaper credit, and with the possibility of losing their house. Nearly a third of children are repeating the slogans, and a tenth actually pester parents into getting such loans. One Mother's Quote: "My partner wants to buy a car. My eldest son (age 8) pipes up "go to Yes Car Credit, as anyone can get a car off them". I said "oh yes, and what exactly should we use to pay them back?" and he said "don't worry, they make sure it's an affordable monthly payment". Yes, it's a disgrace that lenders are so mercenary in their advertising, but the important thing is you don't have to take a loan out if you don't need to. It really pisses me off when I see these consumer programmes where some chav has had to go bankrupt because they've borrowed stupid amounts of money, and then use the excuse "but they kept sending me letters offering credit". Individuals are responsible for their own finances, not the banks. And anyone who takes financial advice from an 8 year old deserves everything coming to them.
Katy Posted 22 June 2005 Posted 22 June 2005 "Debt adverts on childrens' television channels, especially for secured loans, are a disgrace. The TV channels responsible should immediately stop showing them. Children’s TV channels are advertising high-interest loans aimed at families that find it hard to get cheaper credit, and with the possibility of losing their house. Nearly a third of children are repeating the slogans, and a tenth actually pester parents into getting such loans. One Mother's Quote: "My partner wants to buy a car. My eldest son (age 8) pipes up "go to Yes Car Credit, as anyone can get a car off them". I said "oh yes, and what exactly should we use to pay them back?" and he said "don't worry, they make sure it's an affordable monthly payment". Yes, it's a disgrace that lenders are so mercenary in their advertising, but the important thing is you don't have to take a loan out if you don't need to. It really pisses me off when I see these consumer programmes where some chav has had to go bankrupt because they've borrowed stupid amounts of money, and then use the excuse "but they kept sending me letters offering credit". Individuals are responsible for their own finances, not the banks. And anyone who takes financial advice from an 8 year old deserves everything coming to them. 125914[/snapback] Its easier than you think to get into debt, it doesnt just happen to 'chavs', circumstances overtake and spiral out of control before you know it sometimes. Well done if it hasnt happened to you though.
Guest Posted 22 June 2005 Posted 22 June 2005 "Debt adverts on childrens' television channels, especially for secured loans, are a disgrace. The TV channels responsible should immediately stop showing them. Children’s TV channels are advertising high-interest loans aimed at families that find it hard to get cheaper credit, and with the possibility of losing their house. Nearly a third of children are repeating the slogans, and a tenth actually pester parents into getting such loans. One Mother's Quote: "My partner wants to buy a car. My eldest son (age 8) pipes up "go to Yes Car Credit, as anyone can get a car off them". I said "oh yes, and what exactly should we use to pay them back?" and he said "don't worry, they make sure it's an affordable monthly payment". Yes, it's a disgrace that lenders are so mercenary in their advertising, but the important thing is you don't have to take a loan out if you don't need to. It really pisses me off when I see these consumer programmes where some chav has had to go bankrupt because they've borrowed stupid amounts of money, and then use the excuse "but they kept sending me letters offering credit". Individuals are responsible for their own finances, not the banks. And anyone who takes financial advice from an 8 year old deserves everything coming to them. 125914[/snapback] Its easier than you think to get into debt, it doesnt just happen to 'chavs', circumstances overtake and spiral out of control before you know it sometimes. Well done if it hasnt happened to you though. 125924[/snapback] It's just as easy not to get into debt; almost everyone I know who has got into serious debt has done so by spending more than bring in. Most of what they were spending went on things that although are nice, were not necessary. I also know people who have genuine sob stories, such as redundancies and mortgages, but as long as you deal with the situation from the start, then there's no need to be evicted, or go bankrupt or whatever. All of those people sorted out their finances, albeit with some sacrifces to their lifestyle. There is an attitude in society that just because something is there, then you have to have it.
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