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Coffee House => Coffee House Boards => CH / General => Topic started by: T_Bone on February 12, 2005, 03:18:05 PM
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70% interest rate on new credit card (http://money.guardian.co.uk/news_/story/0,1456,1411444,00.html)
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Ironically if you default on payments, that is precisely what will happen :-D
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Theft.
Credit card companies love it when you go into debt, because it means they can keep charging you more and more, until the point where they possess your house. Poorer income families very likely don't own their own home, therefore the credit card companies don't get their money if the people default on payment. With no house and no income, nobody can get a penny from you. It seems that the companies are just jumping that and going into the straight theft. Why should we allow that?
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I'd so much like to see that company hit with a massive Windfall Tax...
Then they'd be bleating away about how unfair it is!
That's the problem here, peole are quick to cry "rip off Britain" yet our government and local councils are among the worst offenders for profiteering off the public.
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That's the problem here, peole are quick to cry "rip off Britain" yet our government and local councils are among the worst offenders for profiteering off the public.
As a council employee... I would have to disagree...
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bloodline wrote:
That's the problem here, peole are quick to cry "rip off Britain" yet our government and local councils are among the worst offenders for profiteering off the public.
As a council employee... I would have to disagree...
@PMC
Can you give us an example?
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Other than speed camera's! :-D
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Actually I can. I remember a scam that many councils used to pull, it was to do with the erection of various statues and landmarks etc, they would apply for the grant to build or commission the thing from the treasury, and overcharge by an order of magnitude, now of course the treasury used to balk at that and only give part of the cash out, telling councils that that was all they were going to get. The councils, rather then invest the extra money they recieved, pocketed it, against a "rainy day"....
Then you have the Council tax rises over the past few years, they now look set to explode again over the next two to three years, especially if ID cards go through - the infrastructure to support them is going to cost tens of billions, all funded through local councils rather then the treasury. I don't know about you folks, but paying for all of that doesn't look that great, especially when you consider that new labour are now slicing up the welfare system.