it would be good if they got rid of credit cards and buying things on credit. that would make things more interesting
Imagine this one example of me wanting a loan for an item:
In 1984 I wanted a Ferguson 3V32 video for £599 so decided to have a loan.
I went to the loan shop (nothing to do with the video shop) to first ask for the money and if they agreed I would hopefully get the forms back within two weeks.
I'd fill the forms in and then go back to the shop with a Guarantor (usually my Dad) who would also have to fill a form in saying he would pay if I couldn't.
You could then wait up to around 6 weeks before the money was ready.
I bet
@DXP55 can remember doing this.
It was around 1987 when things changed for the worse IMO.
I went to a music store to buy a £400 musical instrument but they could arrange the finance so I signed a couple of forms.
I started to walk out of the store when he called me back asking if I was going to take the instrument but I said it would take a month or so.
He said that when he went in the office he already arranged it and I could take it now
Now we're at the point where I can buy something in a shop and hold my card against a machine - scary.