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Mis Sold a credit card whilst a student?

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  • Nasqueron
    Nasqueron Posts: 10,786 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    I expect many students will come to think they were missold their university education.... and actually I have more sympathy with that one!

    Under the system Labour introduced vs the current system I reckon I was miss-sold (as in, ripped off) on the finance as it's been coming out of my salary since I hit 15k (though I don't earn that much more than 15k even now so the interest is greater than my payments) rather than 21k (where I'd have paid nothing so far) and the new system it gets cancelled after 25 years after you become eligible to repay whereas I will be paying until I am 65 lol

    Above is not serious by the way, I learnt a lot at university and don't regret going :)

    Sam Vimes' Boots Theory of Socioeconomic Unfairness: 

    People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.

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