Headline rate 'scam' - M&S Loans

Pixie5740

It's quite a contradiction for someone who hopes for fairer society to advocate lying and cheating through life.

BenjaminClarke

You are right. I have been a tad desperate in recent posts. To be honest I've found the whole thing quite amusing. I sincerely apologise if I have offended anyone, that wasn't what I set out to do. I wish you all the very best in life.

redpete

BenjaminClarke wrote: »

I am sorry to have gone on and on but I like to answer people that judge me.

Most of the judging has been by you, all or most of us are lying about not lying to get on, all or most of us are boring and can't have fun because we don't lie or get in debt to have money to spend, all or most of us don't care about society or the rest of the world, all or most of us are ignorant about 'real life', none of us are as reasonable as you

BenjaminClarke

Look I do apologise. I'll work hard to remove the chip sat on my shoulder. I'm going to clear my debt using savings and cancel all credit so I can be seen as being good with money. Finally I am going to come clean with my previous employers about lying on my cv to get an opportunity. Then hopefully I won't be seen as a criminal. I wish you all the very best redpete. I just hope the red part isn't in reference to Liverpool fc because if it is we can never be friends.

redpete

BenjaminClarke wrote: »

I just hope the red part isn't in reference to Liverpool fc because if it is we can never be friends.

Careful now - it's a reference to the Red side of Manchester (my avatar might give a hint), and my left-wing tendencies as a callow youth before I became a Tory-boy ;-)

srisport

MABLE wrote: »

I wanted a loan recently and applied to Nationwide for £15,000 and got a straight accept with an apr of 3.4 percent. However this was for a car but in the end decided against it and decided to save up instead.

Excellent advise given there

regency_man wrote: »

So by the same token if British Gas took out huge adverts .......

Finance has become an essential part of modern life - a product that almost everyone will have to use at some point in their lives. As such it should be much more tightly regulated in favour of the consumer. ...... if people keep pushing for it.

Unfortunately i completely disagree with the above statement (bold text) Borrowed money is not essential what so ever! Every human being should have it drilled into them from a young age that if they want something, they should save up until they can afford to buy it, and until then do without!
BUT
The truth is that the average person does not earn enough to pay cash for a house purchase, this is why mortgages exist and majority of people are too impatient to wait 20+ years to save up for a house so are reluctantly forced to borrow money from lenders.

Theres a fine line between who should be in favour more, the more in favour the system becomes for borrowers the less lenders will be willing to lend. Then where will the world be??

regency_man wrote: »

I don't, I pay £3.99 a month because I haggled them down after the introductory offer. It's amazing what they will offer you if you threaten to leave. I do it mostly for the fraud prevention part (only way I caught this incorrect 'second application' from M&S). ......

Like others have said, i think your foolish to even pay £3.99 for something which can be provided for free.
For Example:
I currently have an account with Noddle, i pay £0.00 for the account and they email me once per month with an updated Credit Report which lists the following:
- Personal Info
- Credit Score
- Financial Account Info
- Short Term Loans
- Search History
- Address Links
- Connections and Other Names
- Electoral Role
- Public Info
- Notices of Corrections
- CIFAS

I once tried the free trial from Experian, cancelled after the trial and went to Noddle and been with them ever since. Noddle provide me with everything i feel i need and i only really check it when i apply for things which ask me for my financial information.

I hope you don't feel like i have targeted you with my responses, but after reading the entire thread i felt i could add something to the above quotes as i didn't really see them discussed by anyone else in the way i have discussed them above.

Kind Regards.