In the UK, every second advert on TV is for a loan company or creditor, do you think that by these Ads, that people are getting more in to debt or being better off like the Ads say?
2006-10-13 22:55:10 · 12 answers · asked by L6 3 in Business & Finance ➔ Personal Finance
Yes, I do believe there are far too many loan advertisements on TV for loan companies. Today's society is in debt and in a big way.Young people are in debts that their parents would never have dreamt of being in.
Theses Ad's make it easier for people to fall into debt and repeat the same mistake.
These Ad's aren't really making the consumer better off as temptation and loss of reality allows them to delve into deeper debt.
Ad's that encourage consumers to get out of debt without a loan are far better - as they are actually dealing with the problem, tackling the debt and learning how to budget because they have too.
It is not loans that need to be advertised. It is Life Skills that need to be advertised. Not just on TV either... at schools as well. Give kids a head start on how to spend wisely and hopefully future generations shan't be in as much mess as ours is now.
Amy Lawson
2006-10-13 23:12:25 · answer #1 · answered by AmyJellyBrain 1 · 1⤊ 0⤋
Yes, there are too many ads for loan companies. On the other hand, there are too many people who only pay the minimum payment on their card(s), or live beyond their means. Loan companies exploit this, & tend to charge higher interest rates than the debts you're already paying off! Stick to a DEBIT card or cash with no overdraft, if you really can't manage your money.
2006-10-14 02:05:02 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Bearing in mind the increasing national debt to the extent that it's gone over Trillion pounds, it's hardly any surprising.
Some loan company has a viewpoint that they're HELPING others by consolidating customer's debt, while customer's viewpoint is that such a loan company is in fact the REASON for such a massive national debt.
2006-10-13 23:12:15 · answer #3 · answered by j4mes_bond25 2 · 0⤊ 0⤋
I would say that there are too many ads on TV at the moment in general. Over the past five years the amount dedicated to adverts on commercial television has increased substantially and even on the BBC their trailers for programmes, switch to digital etc have become longer.
2006-10-13 23:06:38 · answer #4 · answered by MrT 3 · 0⤊ 0⤋
Yes, but there is a demand for loans from people who have no other option than to find alternative to deal with day to day financial problems.in some instances consolidating all your debts in one loan account may help to deal with the hardship of being in debt.
2006-10-14 02:26:55 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Yes far too many,have you seen the interest charges?out of this world the picture loans really winds me up,the bloke with the football
2006-10-13 23:29:10 · answer #6 · answered by taxed till i die,and then some. 7 · 0⤊ 0⤋
Yes i do agree i'm fed up of seeing them and getting them in my inbox too,as you quite rightly say it helps people just to get into more debt than ever
2006-10-13 23:13:15 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Well if so many people werent already in debt, then they wouldnt need these companys.
2006-10-13 23:01:51 · answer #8 · answered by scragette2000 5 · 1⤊ 0⤋
Far to many I just turn over - I dont need reminding that I owe money. It is one thing that really annoys me intensely!!
2006-10-13 23:06:42 · answer #9 · answered by Anonymous · 0⤊ 0⤋
how many is too many tho? they are pretty much on during the day when most women are watching there **** on telly so it never seems to bother me! of course they dont make people better off, cant blame them tho, it is personal choice for people to use them!
2006-10-13 23:00:15 · answer #10 · answered by nippauk2001 2 · 0⤊ 1⤋