Reply to: No Car Credit

[Scaroth of the Jagaroth]

I obviously need to spell it out - the quiet word, the dirty look, ignoring someone, congratuating them on their new baby instead of their new car.

Yes, I agree, it is a terrible shame that poor people are a bunch of materialists. To be honest, I'd rather they bought a car. At least I don't have to support that unlike the benefit payments to support their new baby.

[NoddY]

I obviously need to spell it out - the quiet word, the dirty look, ignoring someone, congratuating them on their new baby instead of their new car.

[Scaroth of the Jagaroth]

I talking about the more subtle checks and balances that seems to be lost in the rush to legislate.

Such as?

[NoddY]

Noddy, what form should this protection take and to whom should it be applied?

I talking about the more subtle checks and balances that seems to be lost in the rush to legislate.

[Scaroth of the Jagaroth]

You should just give all your money to the state (good start, Gordon) and then receive vouchers for state-provided food, housing, tv-licensing, alcohol and.....err, that's it.
If no one can choose what to spend their money on then no-one can be cheated.

That's my kind of talk, comrade. If we all had nothing we'd all be much happier (and the lefties would feel less guilty).

[zathras]

Yes Car Credit are finished (despite 29.8% apr) and add another 800 people to the other 10,000 that joined the great unwashed this month.

Biggest surprise is that is ws n't bad debt which finished them so much as the administration of the company. Although why they could n't make a profit while charging twice what some Credit Cards do I don't know.

[Dundeegeorge]

Easy peasy

Noddy, what form should this protection take and to whom should it be applied?

You should just give all your money to the state (good start, Gordon) and then receive vouchers for state-provided food, housing, tv-licensing, alcohol and.....err, that's it.
If no one can choose what to spend their money on then no-one can be cheated.

[Scaroth of the Jagaroth]

I believe that sometimes people should be protected from themselves - but that is NOT the job of the State. In a society where it is harder for communities to form we become less self-regulating and rely on the State to sort it out.

Noddy, what form should this protection take and to whom should it be applied?

[NoddY]

"Or do you believe people should be protected from themselves?"

Where did I ever say that? All I said was that I wouldn't miss them for the reasona I have already stated.

I believe that sometimes people should be protected from themselves - but that is NOT the job of the State. In a society where it is harder for communities to form we become less self-regulating and rely on the State to sort it out.

[BoredBloke]

"Or do you believe people should be protected from themselves?"

Where did I ever say that? All I said was that I wouldn't miss them for the reasona I have already stated.

[Dundeegeorge]

Caveat Emptor

It wasn't just the high prices, it was the undrehand tactics and dodgy cars they were selling. They were on watchdog often.

Or do you believe people should be protected from themselves?

[Scaroth of the Jagaroth]

Well, the market has spoken and they've paid the price. I'm not going to shed a tear over their passing either.

[BoredBloke]

It wasn't just the high prices, it was the undrehand tactics and dodgy cars they were selling. They were on watchdog often.

[Scaroth of the Jagaroth]

You have to charge high rates of interest if your customer base is those with poor credit ratings. At the end of the day, no one made these people take out a 30% loan to buy a second hand banger. Okay, maybe they preyed on the stupid (what company doesn't?), but they didn't do anything illegal, and they paid the ultimate price for targeting high risk customers.

[BoredBloke]

"Why's that Tony? Did they sell you a dodgy car?"

No it is the fact that the actively targeted people with bad credit ratings and sold the dodgy cars (watchdog) at huge rates of interest. Kind of like a loan shark in the second hand car world.