Interesting (remarkable?) reading on the BBC website this morning on The Rocks six months. Not only does it remind us that one of the causes of their imploding was 125% mortgages but tells us how well they are doing at forcing its clients elsewhere. So they made their business out of giving a mortgage not only for the property but the DVD, the plasma and the Dyson. All must have essentials. Except none of those items last the 25 years that the idiotic buyer will be paying for them. It would be interesting to do the math on say £1000 of credit borrowed through the mortgage to buy such neccisities, £3k ish? What price at Betfair on how long some newly IVA person sues for gross negligence and bad advice?
Next they tell us how well they are doing at dropping their clients at the end of their deal round to Lloyds presumably in the Rock Maybach to get a new loan. So let me get this right, a company which is owned by us is congratulated on getting rid of its customers?
For want of a better expression, you couldn’t make it up if you tried!
0 responses so far ↓
There are no comments yet...Kick things off by filling out the form below.
Leave a Comment