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Average Uk Citizen Owes 3,704 To Grey Market Loans

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Survey reveals that an average UK citizen owes 3,704 to grey market loans.

Cahoot has exposed that the data for the amount of borrowing in the United Kingdom would be much higher if unauthorised lending was taken into consideration.

/24-7PressRelease/ - LONDON, UK, May 28, 2006 - Cahoot has exposed that the data for the amount of borrowing in the United Kingdom would be much higher if unauthorised lending was taken into consideration. Cahoot survey reveals that an average UK citizen owes 3,704 to grey market loans.

Cahoot has uncovered in its survey the fact that the data for the amount of borrowing in the United Kingdom would be much higher if unauthorised lending was taken into consideration. The survey reveals that an average UK citizen owes 3,704 to grey market loans.

The alleged grey-market loans are the ones taken involving friends and family, account for huge amounts of debt. Over one third of people in UK owe funds unofficially.

Cahoots Managing Director John Goddard asked People not to be tempted to seek the "bank of Mum and Dad" as a simple option, particularly so if one has been refused a loans somewhere else.

The loans analysis also warns us that if the loans do not get repaid one may have a fall out with family and friends.

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How thoughtful of Cahoot! They wouldn't possibly want anyone to fall out with relatives over an interest-free loan when they could take one out with cahoot instead @ 6% APR. Talk about another VI article.

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How thoughtful of Cahoot! They wouldn't possibly want anyone to fall out with relatives over an interest-free loan when they could take one out with cahoot instead @ 6% APR. Talk about another VI article.

exactly

what precisely is "unauthorised lending"?

since when has 'cahoot' or any other poxy bank had any 'authority'

grrr - V.I.'s and their spin/lies... :angry:

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Surely any debt by one person is a credit by another (with this type of loan), so in terms of national debt figures this would all cancel itself out anyway???

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If your relatives are willing to lend it to you in place of a mortgage or loan you'd be an absolute fool to refuse it.

Edited by Swipe

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  • 301 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%



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