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9 May 2005, 10:48
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#1
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Registered User
Join Date: Jan 2005
Location: London
Posts: 3,347
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Evil Banks
I was just watching the Wright Stuff on channel 5 and they were doing a newspaper review. there was this story about how a couple were loaned £100,000 but the wife was the only earner and she only earned £5,000 a year.
the entire panel was gonig on about how evil banks are and that they are onl there to make money and give massive loans to homeowners so you have to sell your home and they can make their money back.
Now, none of them mentioned how ****ing stupid the ****ing couple were for taking a loan out for a £100,000 that they could NEVER replay in a million ****ing years.
It is entirely possible that the couple needed the £100,000 for some reason, but how could they possibly need so much money when their income is so low.
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The 20th century has been characterised by three developments of great political importance. The growth of democracy; the growth of corporate power; and the growth of corporate propaganda as a means of protecting corporate power against democracy.
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9 May 2005, 10:55
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#2
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Insanely Insignificant
Join Date: May 2004
Location: Bournemouth
Posts: 1,056
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Re: Evil Banks
What kind of job pays so little? A Paper Round maybe?
These people must surely be on benefits just to survive.
'People' on the whole are incredibly stupid and rarely think of the consequences. In my experience i've always found banks to extremely reasonable and understanding.
Then again, we are talking about day-time 'whinging women's' tv though aren't we?
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Very nearly there.
All is nothing, without you.
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9 May 2005, 10:56
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#3
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Rawr rawr
Join Date: Dec 2000
Location: Upside down
Posts: 5,300
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Re: Evil Banks
I know people who pay off their loans with new loans. And buy a swimming pool of the money they have left after paying off their previous loan.
And the banks are laughing their arses off because people can't manage their finances.
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"Yay"
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9 May 2005, 11:20
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#4
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Bored
Join Date: Apr 2001
Location: Nottm ->Shef ->Croydon ->Manc ->Durham ->Sheffield
Posts: 6,506
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Re: Evil Banks
if banks didn't make money off stupid people then clever people wouldn't be able to take advantage of them.
Same with Credit Cards.
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9 May 2005, 11:21
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#5
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mmm lambs
Join Date: Dec 2000
Location: London
Posts: 1,906
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Re: Evil Banks
I wouldn't have thought a bank would lend someone an amount so far over their income. I mean the rule for mortgages is only about 2.6-3 times your income so I wouldn't have thought they would deviate so substantially from this for a personal loan.
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I drink therefore I am
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9 May 2005, 12:04
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#6
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Registered User
Join Date: Jan 2005
Location: London
Posts: 3,347
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Re: Evil Banks
I'm not too sure of the circumstances but they couple then went to some tv show which investigated and the bank subsequently dropped the loan or something similar, which surprised me greatly.
__________________
The 20th century has been characterised by three developments of great political importance. The growth of democracy; the growth of corporate power; and the growth of corporate propaganda as a means of protecting corporate power against democracy.
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9 May 2005, 12:04
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#7
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NEWSBOT
Join Date: Dec 2000
Location: The enby cave!
Posts: 4,872
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Re: Evil Banks
Quote:
Originally Posted by All Systems Go
I'm not too sure of the circumstances but they couple then went to some tv show which investigated and the bank subsequently dropped the loan or something similar, which surprised me greatly.
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why ?
it's cheaper than a national tv ad campaign.
also, fair play to the couple for getting 100k free.
__________________
[20:27:47] <nodrog-aawy> **** i think my housemate just caught me masturbating
[11:25:32] <idimmu> you are a little piggy arent you
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Pretty parks and funky scrap metal things here
Last edited by NEWSBOT3; 9 May 2005 at 12:37.
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9 May 2005, 12:23
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#8
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mmm lambs
Join Date: Dec 2000
Location: London
Posts: 1,906
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Re: Evil Banks
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I drink therefore I am
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9 May 2005, 17:29
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#9
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J to the C to the A G E
Join Date: Sep 2000
Location: Scúnthorpe
Posts: 5,583
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Re: Evil Banks
Ban loans, clearly they are evil.
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9 May 2005, 17:31
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#10
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Gone
Join Date: Jan 2001
Posts: 14,656
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Re: Evil Banks
we should go back to a barter economy.
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9 May 2005, 17:55
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#11
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Clerk
Join Date: Jun 2001
Posts: 13,940
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Re: Evil Banks
If you can borrow a £100k with a low income (and no assets) then you are not stupid. You are in fact, a ****ing genius. After you've spent the money on whores and drugs, what exactly are the bank going to do? Garnish your job seekers allowance?
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9 May 2005, 17:56
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#12
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Has Soup On His Head
Join Date: Aug 2000
Posts: 10,095
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Re: Evil Banks
As an employee of Lloyds TSB (Offshore) , I can say categorically, that Lloyds TSB Offshore has practices in place which would prevent occurrences such as this from happening within the offshore group. I cannot comment on individual cases within the UK however as their lending criteria are different.
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And the Banker, inspired with a courage so new
It was matter for general remark,
Rushed madly ahead and was lost to their view
In his zeal to discover the Snark
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9 May 2005, 17:58
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#13
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Has Soup On His Head
Join Date: Aug 2000
Posts: 10,095
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Re: Evil Banks
And for reference.
Offshore Banks , and offshore accounts, regardless of the bank involved, would shit on you from a great height for even ASKING for facilities which were 20 times your average yearly income (although reading the story of the individuals in this case, it does appear the branch did everything within its power to recover the debt, and has now agreed to write it off, as it was, in the words of documents handed to the newspaper , "Irresponsible Lending").
Editors Note : Dont even think about asking me for a loan. Ill turn you down flat on the basis of being a GD Reg
__________________
And the Banker, inspired with a courage so new
It was matter for general remark,
Rushed madly ahead and was lost to their view
In his zeal to discover the Snark
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9 May 2005, 18:02
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#14
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Clerk
Join Date: Jun 2001
Posts: 13,940
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Re: Evil Banks
A far larger problem is insufficent lending. I have an income of £24k with no dependents. I have never defaulted on any account nor been in any rent arrears or arrears on either of my current loans.
I wanted to get a loan from a high street bank to consolidate my various debts but couldn't. So I am forced to go to various dodgy "Financial Services Groups" and now I am paying 35%+ APR on a £4k loan. fs.
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9 May 2005, 18:02
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#15
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cynic
Join Date: May 2000
Location: Bishop Auckland Co. Durham
Posts: 8,809
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Re: Evil Banks
i have to say that whoever approved that loan needs to lose their job
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lazy
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9 May 2005, 18:04
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#16
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Made of Twigs
Join Date: Jun 2003
Posts: 5,459
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Re: Evil Banks
Quote:
Originally Posted by roadrunner_0
i have to say that whoever approved that loan needs to lose their job
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Seeing as it was written off as a bad debt, I'm pretty sure they would have been.
__________________
If I hadn't seen such riches, I could live with being poor - James
It's hard to be humble when you're as great as I am - Muhammad Ali
So **** y'all, all of y'all; if y'all don't like me, blow me! - Dr. Dre
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9 May 2005, 18:42
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#17
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Has Soup On His Head
Join Date: Aug 2000
Posts: 10,095
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Re: Evil Banks
Quote:
Originally Posted by Dante Hicks
A far larger problem is insufficent lending. I have an income of £24k with no dependents. I have never defaulted on any account nor been in any rent arrears or arrears on either of my current loans.
I wanted to get a loan from a high street bank to consolidate my various debts but couldn't. So I am forced to go to various dodgy "Financial Services Groups" and now I am paying 35%+ APR on a £4k loan. fs.
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Which High St bank are you basing this on, and whats your work history for the last 2 years?
£24k a year sounds like a lot, but job security (which sector do you work in, if its IT is it contract based, are you self employed, etc etc) is a big factor, plus if you have no credit history, you find getting credit difficult. Check your previous addresses on www.experian.com , pay £6 and find out why youre not getting the credit you want.
Could be a number of factors man.
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And the Banker, inspired with a courage so new
It was matter for general remark,
Rushed madly ahead and was lost to their view
In his zeal to discover the Snark
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9 May 2005, 18:43
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#18
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Has Soup On His Head
Join Date: Aug 2000
Posts: 10,095
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Re: Evil Banks
Quote:
Originally Posted by roadrunner_0
i have to say that whoever approved that loan needs to lose their job
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Whoever approved that loan has met his yearly targets , and I would bet is not currently working within the branch or lending department that he was when the loan was agreed.
Meet your targets , get nice bonuses , get noticed , move between branches.
__________________
And the Banker, inspired with a courage so new
It was matter for general remark,
Rushed madly ahead and was lost to their view
In his zeal to discover the Snark
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9 May 2005, 18:44
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#19
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NEWSBOT
Join Date: Dec 2000
Location: The enby cave!
Posts: 4,872
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Re: Evil Banks
kura's just a big banker
__________________
[20:27:47] <nodrog-aawy> **** i think my housemate just caught me masturbating
[11:25:32] <idimmu> you are a little piggy arent you
[13:17:00] <KaneED> i'm so closet i'm like narnia
__________________
Pretty parks and funky scrap metal things here
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9 May 2005, 18:53
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#20
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Has Soup On His Head
Join Date: Aug 2000
Posts: 10,095
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Re: Evil Banks
Quote:
Originally Posted by NEWSBOT3
kura's just a big banker
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Im turning into a total banker
__________________
And the Banker, inspired with a courage so new
It was matter for general remark,
Rushed madly ahead and was lost to their view
In his zeal to discover the Snark
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