to take up ocean finances offer of borrowing £25,000 then pay them back £42,000 and still have a smile on yer face.......
2006-10-15 10:39:05 · 15 answers · asked by Anonymous in Social Science ➔ Economics
yes......I am but they won't lend me it.......bastards!
2006-10-15 22:58:16 · answer #1 · answered by Gypsie 5 · 0⤊ 0⤋
Is the 42,000 in place of interest? How long before the payment has to be returned? If its a long term loan.... its not really that bad. Take a look at mortgages... borrow 100,000 and over the course of years, you pay back twice that or more. Depends on the terms.
2006-10-15 17:46:19 · answer #2 · answered by just_me3575 3 · 0⤊ 0⤋
Its a sad state of affairs...but if your desparate there is nothing you can do...you just have to face the long term consequences. No1 is stupid enough...just very needy at the present moment.
2006-10-15 17:54:29 · answer #3 · answered by poshnosh 2 · 0⤊ 0⤋
Depends what you're doing with the 25k. If you have an investment plan such that you're getting back say, 70k at the time you have to repay the 42k, then it's a +EV proposition.
2006-10-15 17:42:26 · answer #4 · answered by Anonymous · 1⤊ 1⤋
It's daylight robbery,aint it?I reckon Muslim banks would be great for the UK,as far as i know,they neither pay,nor charge,interest.
2006-10-16 01:45:46 · answer #5 · answered by michael k 6 · 0⤊ 0⤋
I got that offer too - I was amazed. So generous of them.
Greedy Bar stewards.
My applications in the post. (To trading standards - their rates have got to be illegal)
2006-10-16 02:41:54 · answer #6 · answered by Phlodgeybodge 5 · 0⤊ 0⤋
Probably my brother ?, he took out a Provident loan and had to pay back 50% interest.. Idiot !!.
2006-10-15 17:50:24 · answer #7 · answered by Richard 6 · 0⤊ 0⤋
Sounds the same as most mortgage rates, banks have it easy dont ya think?
2006-10-15 17:45:17 · answer #8 · answered by Anonymous · 0⤊ 0⤋
Only the idiot from the phones 4 u advert 'Yeah yeah!'
2006-10-15 17:45:13 · answer #9 · answered by mistickle17 5 · 0⤊ 0⤋
You didn't need to bother with the additional detail.
Q: is there anybody actually stupid enough......?
A: Yes.
2006-10-15 17:51:00 · answer #10 · answered by kirun 6 · 1⤊ 0⤋
its basically the same as your mortgage
loan so much, pay back shed loads.
that's the name of the game... unfortunately
2006-10-15 17:46:12 · answer #11 · answered by Raine 5 · 0⤊ 0⤋