Buy As You View

Julio_Geordio

pinkshoes wrote: »

It's a lack of education I guess, so perhaps they should be teaching useful maths in schools about loans and extortionate interest rates, so people can calculate that they can have 1 TV, or wait 8 weeks and have the same tv, PS3, surround sound etc... all for the same price.

It's like that test they do with 5 year olds and sweets, telling them that they can either eat one now, or wait 5 minutes and have a whole plate full. Perhaps those that take the one sweet NOW are those that get into debt later in life?!?!

(I need to stop thinking so much, and concentrate on my work!)

Do you not think you are slightly out of order here? I do.

Most people won't be able to afford them things after 8 weeks at all, and its stupid to even suggest that. a lot of people would be lucky to have a spare £50 after paying the bills, so when someone comes a knocking offering to give you a telly with you just paying for it weekly, appeals to some people.

I have been down this route before, and had a telly off buy as you view. I knew fine well the amount i was paying was hugely overpriced, and soon came to my senses.


as for the original posters issue, i think he's forgetting about the service vouchers they give you that are also astronomacally over priced, as well as lots of interest added ontop.
I'd seriously urge him to do the same as me, and stop putting money in, and just tell them to come and take the telly away as you cant afford to keep up the repayments. if they play hard ball, then tell them they either come and get it, or you will leave it in the garden for them to collect. they will sharp be round to collect it then.

pinkshoes

Julio_Geordio wrote: »

Do you not think you are slightly out of order here? I do.

Most people won't be able to afford them things after 8 weeks at all, and its stupid to even suggest that. a lot of people would be lucky to have a spare £50 after paying the bills, so when someone comes a knocking offering to give you a telly with you just paying for it weekly, appeals to some people.

No, I don't think I'm out of order, and what you have written is exactly what I was trying to point out.

These companies don't come round offering weekly payments because they're being nice. They come round looking for gullible people who will be sucked in by the high interest rates.

If you can pay £145 or even £20 a week for a luxury item, then why can't you just put that money in a bank account and let it accumulate, until you can afford to buy what you want?

People need to be educated that you don't spend money you don't have, and if you want something, you save for it.

nomoneytoday

pinkshoes wrote: »

If you can pay £145 or even £20 a week for a luxury item, then why can't you just put that money in a bank account and let it accumulate, until you can afford to buy what you want?

People need to be educated that you don't spend money you don't have, and if you want something, you save for it.

Totally agree. £72.50 a week will buy a LCD telly within 5 weeks. Paying that amount of money for 3 years is ridiculous IMHO

dulede

Hi

Regarding message from ex BAYV rep in earlier message.

I have been paying for a tv at £158 every 8 weeks for about 2 years. I know its well past the amount for repossession level. I can't afford to buy another tv but feel that by end of agreement we'd have paid over £3000 for a 37 inch tv that was being sold for £550 a couple of months after we got tv off bayv.

I want to follow your advice and am sending meter back but there is no serial number on coin box - the details label is empty.

any suggestions as worried could send it back and they'd deny it. Money in box at moment too so thats more risky even with recorded delivery.

I am not a con merchant but feel that you are enticed by magazine showing great stuff and you become dull enough to sign anything rather than be without a tv. finances have become even more tight recently and this £158 or roughly £80 per month is crippling us.

not sure if rep will take meter back off me when he comes next and i'll have to simply inform him to try and take us to court for repossession of box. if they order return of box I will obviously comply but until then feel I have paid for tv at least twice up til now.

Any advice warmly accepted.
dulede

[Deleted User]

im reopening this discussion.
my mam has been paying for nearly 5 years+ £168+ then it was amended to £104, then £105 now £107? but the point is, it was first for a tv, old tube type, then a freeview box, and a bed. then a wardrobe, and then a washer(repossed one with dints:() and a fridge freezer. BUT the point is, i understand they charge

ITEM PRICE
+ INSURANCE
+ INSURANCE
= NEW BALANCE
+ INTREST
then you pay it off over 3 years. but then if you get something else its
OUTSTANDING BALANCE
+ NEW ITEM
+ INSURANCE
= NEW BALANCE
+ INTREST

so why do they do this, for nearly a year she was paying intrest on the intrest, and not the goods.

also on the payment cards,(which they are not doing anymore - dodgey?) there is always a amount under oor- payment? and a seperate payment coming off a smaller amount

like oor 2nd table oor
£94.00 £3.00 £5.00 £1.50 - roughly.

ive worked out that we wont be paid off until august 2011, but the figures and oor payments are always confusing me as i dont know what they are for. and to be honest i want to know why the have put intrest on intrest?

poppy10_2

Deleted_User wrote: »

so why do they do this, for nearly a year she was paying intrest on the intrest, and not the goods.

To take advantage of financial illiterates who sign up to these contracts in order to satisfy their need for instant gratification without thinking it through properly?

MothballsWallet

Takoda wrote: »

I know it is hard but a large TV isn't a necessity. Nice to have but you won't die if you haven't got one. What's wrong with little portables?

Nothing wrong with a little portable or a smaller screen TV: heck, I've got a 22" TV in my living room, a 14" portable in the master bedroom and a 14" portable with video combi in the kitchen.

The 14" portable in the bedroom was a Christmas or birthday present, my Dad gave us the 14" portable combi as he didn't need it any more (he only used it when working on supply boats to watch tapes), and my parents gave me their old 22" when they got their LCD with Freeview.

My previous VCR was given to me by my parents as well, as was the Toshiba I've got now when the old one stopped working.

So, I don't think that I've never actually bought a TV set or VCR in my life!

MothballsWallet

Sorry, couldn't resist responding to this:

pinkshoes wrote: »

Where have they got their settlement fee from???

Like most companies, from their butt!

Freddie_Snowbits

pinkshoes wrote: »

Firstly, this equates to £125.69 every 8 weeks, so why have you been paying £145?

Perchance they did not do Arithmatic at his school!

pinkshoes wrote: »

Where have they got their settlement fee from???

Contract was for 4 years, Numpties wishes to break this contract, so tough.

mcjordi

MothballsWallet wrote: »

Nothing wrong with a little portable or a smaller screen TV: heck, I've got a 22" TV in my living room, a 14" portable in the master bedroom and a 14" portable with video combi in the kitchen.

The 14" portable in the bedroom was a Christmas or birthday present, my Dad gave us the 14" portable combi as he didn't need it any more (he only used it when working on supply boats to watch tapes), and my parents gave me their old 22" when they got their LCD with Freeview.

My previous VCR was given to me by my parents as well, as was the Toshiba I've got now when the old one stopped working.

So, I don't think that I've never actually bought a TV set or VCR in my life!

yeah ive got a 21" tv in my living room to.. i want a 37+ lcd/plasma but like hell im getting one of BAYV or Homebuy(which i nearly did before realising what a mug i would be if i did)
and a 14" portable bought new 4/5 years ago which has been turned on at most 5 times in my bedroom