interest rate rip off

Thrugelmir

telboyo wrote: »

If a provider undercuts a competitor the other players in the market will either match them or beat them otherwise they will make no sales.

Not true. There are different tiers within every market. All fulfill a need of a different kind.

Even when a corporate global brand dominates there is still an opening for a small innovative company to carve a niche within a market.

Undercutting on price isn't the way to a successful business everytime.

wherediditallgothen

Thrugelmir wrote: »

Not true. There are different tiers within every market. All fulfill a need of a different kind.

Even when a corporate global brand dominates there is still an opening for a small innovative company to carve a niche within a market.

QUOTE]

The 'long-tail' theory. Not everyone wants homogeneity.

The_White_Horse

why is there no bank offering attractive rates - on even 90% mortgages to people they feel are low risk? if i was a bank, i may target say, accountants, lawyers, architects, doctors etc only. I may charge them lower rates than if i was to lend money to say, a dog masseuse or a flower arranger. the way the risk is assessed seems to be too broad brush.

i look at premier rates on some HSBC mortgages and they are exactly the same as the other rates. what is the point?

bendix

You poor love White Horse.

It's almost as if your soul has been ripped out of you because the banks are being nasty to you for a change. What happened to you, you whiney self-obsessed capitalist throwback, you?

ILW

Is this the same White Horse I remember from a few months ago?

bendix

ILW wrote: »

Is this the same White Horse I remember from a few months ago?

It is rather curious isn't it?

While a bit robust in his views, he was at least philosophically sound. Now he's squealing like a stuck pig because the bad boy banks are ganging up on the little guy.

Cf. Him.

Very weird.