The Pointless Page
Comments
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When I went to college I had a grant that would barely cover my books - let alone rent, food, fuel and other items. I resat the first year as I missed the exams due to my mothers death. At the start of the second year of the course I was 20, due to get married, child due in a few months, not prepared to take money from my father and had a 3 year old Viva estate car. I was on a 6 month sandwich course and so had a year of the time with no income to speak of. I made an appointment with the manager of Midland Bank in Leeds centre. I spent an hour talking with the manager; no money maters were talked of after the first 10 mins. At the end of that time he simply said that if I came in and signed a cheque that either he or the accounts manager would countersign and the loan would be interest free until I got into work. In those days there was still a relationship with bank managers.
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A new slant on pointless
A new Bailey caravan has been delivered to site for a review by a caravan magazine,and when we asked if it would be a full review with an honest nuts and bolts,write up ? It was an "eyes in the sky"look and reply was even if we thought the LV was poor, if we value any manufacturer's giving any more to us to evaluate then we have to tread a very narrow path
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Give that comment the widespread publicity it truly deserves JVB66. What is the point of doing a review if the maker & the reviewer both know its a load of pressurised B*******.
It could turn me into a cynical O A P and that would never do !
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Yes we have always paid ours off 'IN FULL'
at the end of a month. We have a Nationwide CC as well which gives cash back rather than points so have been using that much more these days. As you say we tend to just use it as a debt card then pay it off by DD each month.2 -
As someone who had a bank account back in the 50's, I bemoan the fact that these days not one person in your branch knows who you are despite regular visits.
The staff used to greet you by name and made you feel welcome, Sadly today one is anonymous.
Electronic movement of funds means no need for interaction. The banks rely on the computer to the extent that they will sometimes get things wrong if they have to think for themselves, outside the prescribed box.
Oh well, that's enough from a dinosaur!
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Same as we do. So much easier to have the spending on one statement and only one bill to pay. We never spend on a debit card, that would mean actually having money in our current account!
OH transfers out surplus funds each month to earn a little interest, then tops up the account when the CCs are due to be paid. So easy to do with internet banking, how did we ever manage before!?
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I was looking at a motorhome mag yesterday, looking at the pics on the reviews it was obvious some of the designs were impractical, a shower right by a bed that had to be left open to get access to the bed etc. A "kitchen" that only had a couple of gas rings and no work surface. The photos reveal all.
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If only that were the case. ☹️ I was looking at some for Hymers. Just two gas rings and a very small kitchen area. However, pictures were of the continental model. There was a statement re other layouts with ovens etc were available, but no pictures. Pointless in my view, if you are trying to attract UK buyers.
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It's interest free, HD. Some are interest free for up to 30 months!
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I didn't watch the whole of it but from what I saw, from that video, EasyT, it was talking about customers who incurred penalty charges for going over their card limit or failing to make repayments on time. In those cases the interest free credit stops and interest gets charged. If you stick to the agreement, that doesn't happen.
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Debt is simply using money to purchase that isn't yours, irrespective of interest or not. You are in debt, full stop, no arguments, no excuses.
This may well be handled by the juggling of cards and paying the minimum required while you can, But come a day when through ill health, sickness, etc then the minimum payment still has to be paid, and if not then the agreement is breached and interest kicks in and the balance rises, its a precarious road to take especially at an age when things are not as solid as one could wish for.
A pretty pointless future.
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I've now watched the rest of it. It all seems a bit one-sided to me, EasyT. There must be lots of people who have credit cards and use them happily and responsibly without getting into any financial trouble. Of course banks will want to make and increase their profits but so does anyone who is in any kind of business! Profits are necessary to pay wage costs and other overhead costs of running any business.
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Metheven, I was off work for six weeks last year because of a fractured wrist, when earnings came to a stop, yet I still managed to keep up payments in accordance with the agreements because I still had income from my pensions. My pensions will get paid to me regardless of ill health or any other unfortunate curcumstances. It is reliable income that gives me not such a pointless future!
Furthermore, my debt is debt with a future repayment plan. I know when I get my seasonal pitch, I will no longer have site fees to pay because a whole years site fees has already been paid out of that debt. So the savings in site fees will enable me to have extra funds available to service that debt. Also savings in fuel cost on the Electric Smart will free up more available funds.
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Yes, Kj, it will be, once we get to March and there is nothing more to pay for site fees, for a whole year because it's all paid up already. I noticed from the video, how one of the people, showed that he was spending too much money on petrol using his credit card and then only making minimum payments, that eventually got him further and further into debt.
However, I'll be getting an Electric Smart car, by July this year at the latest, which will stop the petrol bills and any further debt associated with that.
The other difference between me and the people on that video is that I'm not tempted to spend more money just because it's available. I spend in situations where I know there'll be a better future outcome such as spending on buying the new Smart Electric to save money on petrol and spending on seasonal pitch fees because of future savings resulting from it. Perhaps, like the video suggested, the banks profits are less than from a customer who defaults and incurs penalty charges but I have a track record of reliable payments that keeps my credit rating excellent, and thereby able to secure the best and most affordable deals.
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No.
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Yes, Kj. A plan that will effectively increase my income because the drop money and tips plus some of my wages will no longer be spent on petrol.
I can't comment too much on that Panorama video because it was slanted in order to make the banks look bad and perhaps we didn't, therefore, get the whole story but I did get the impression that all these customers had to do, was talk to the bank and some arrangement could have been reached instead of becoming suicidal over it.
I don't blame the bank for refusing to talk to a BBC panorama reporter that was there to use eveerything that they said against them and thereby give the bank bad publicity that coukd adversely affect their business.
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