Jump to content
House Price Crash Forum
Sign in to follow this  
Jie Bie

Advertising Of Personal Loans

Recommended Posts

All we ever seem to hear on the radio these days is talk about getting banks lending again. Of course, most of the time this talk is referring to loans to small businesses or mortgage lending. Meanwhile, the banks seem positively desperate to continue loading their customers with debt. Check out this splash screen I saw on Barclays online banking service:

barclays_spash_screen.JPG

Notice how the "Find out more" button has pushed the usual "Next" button down the page? It's almost as if they are chomping at the bit to get their customers to take on "unsecured" personal debt.

The thing that really bugs me about this advert is that it isn't suggesting you buy anything useful with a loan, just that you borrow between £5k and £25k and blow the lot on a holiday! Now, is that really responsible lending? I know people have to take responsibility for their own decisions, but at the same time advertising of things like tobacco and alcohol is regulated, so why not regulate the advertising of debt? The whole tone of the advert just pissed me off. It's clearly been thought about a LOT by their marketing people, but its goal really is to send people into a lifetime of debt servitude.

Oh, and obviously their 8.8% APR will only be available to 0.04% of their customers. I expect the actual interest rates for anyone who chooses to apply will be 12%+.

Not only that, but as most of us on here know loans like this are "unsecured" in name only. Default on the loan, and if you are a homeowner, you could well find a charge put against your property.

What a bunch of con-men these banksters are...

post-17727-0-59207800-1297335261_thumb.jpg

Edited by Jie Bie

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.