They should be taken out and shot

[andrewducker]

I just opened some junk mail that had arrived here for tisme - offering credit - "No matter your credit history", at the low, low rate of 29.9% - but with the first week only costing £1!

Oh, and you had to buy from their store, where they were selling wide-screen TVs, over-priced computers and "authentic" leather beds.

So, they're aiming it at people with no money, a history of bad debt, a taste for stupidly expensive things, and no idea that 30% interest rates are a mindnumbingly horrible rip-off

They should all be fucking shot repeatedly through the head.

Comments

[laserboy.livejournal.com]

Jeez, 30% is just insane.

[octopoid-horror.livejournal.com]

In that FSA report I think I linked you to about young people's lack of knowledge about finance, there was a footnote that almost the entirety of their sample group had heard the term "hire-purchase" (used negatively, usually) except because that term is rarely used any more (due to said negative connotations), they often didn't realise that contacts they'd entered into -were- hire-purchase ones (because they just wanted item X and didn't think much about this whole repayments thing...)

There was some newspaper article recently about just how quickly and easily you'd be tens of thousands of pounds in debt if you took up all the offers that came through the door in the space of a week or two.

[tisme.livejournal.com]

Well, to give them their dues, they did target the perfect candidate...

[nancylebov.livejournal.com]

I can't think of any public discussion of ethics which focuses on whether people are working for that sort of company. It's all impact on the environment, or people's sex lives, or embryonic stem cell research, or low wages, but nothing about whether you're simply and blatantly ripping orr your customers.

[stillcarl.livejournal.com]

So, they're aiming it at people with no money, a history of bad debt, a taste for stupidly expensive things

Actually, you could say that's just the price you pay for having a history of bad debt. You're high risk, so it's going to cost you more...

And for that matter, what are you charged on your credit-card?

Hee - and there was a TV doco here last night on house-buying. One of the banks is offering zero-deposit home loans...

[channelpenguin.livejournal.com]

Am I just missing something here?

Very few people are so dim as to be unable to *count*, right? I mean they exist but it's rare. (Please tell it's rare). Most people can read. All of these agreements always say somewhere how much it will actually cost in the end overall - or even if you can neither count nor read (shudder)JUST FUCKING ASK!!!!

I really have zero problem with people preying on the stupid. Why not shoot the stupid people instead - solves the problem and leaves the world in a much nicer state.... at least they don't end up stealing/mugging etc. when they get completely skint that way.

[taromazzy.livejournal.com]

Anyway, I live in place where salesmen come door to door to sell TV's on (increadably expensive) HP, that have a coin slot in the side so you can pay them monthly when they come round.

(It's actually 1968 where I live)

[awdrey-gore.livejournal.com]

I live in a neighborhood that is considered "low-income" which is hilarious if you knew how much we pay in rent, and the zip-code generated come-ons we receive in the mail should be criminal.

Are those annoying, spinning tire (tyre) rims that young men preoccupied with rap music seem to love to put on a car that can only be defined as a "heap" a big thing in Scotland? They sure are here. And today I got a come-on letter announcing I could not only buy the useless things, but that I could also finance them at 26.99% interest at a local store that would also window tint my car for the same interest rate. Hurrah!

The worst part about it is I wonder how many young men on my block will succumb to this come-on. By the end of this week, I suspect many will have. Ugh!