Loan question

Rroff said:
I'm curious what PayPal's game is - at the moment they've got a lot of 0% interest (full term) offers either no fees or admin fee only, pay in 3 or pay in 4 with 0% interest and no admin fees, 4 month interest free with the ability to pay it off in full without additional fees or then go onto a traditional loan for the balance, etc. maybe they are hoping to make enough from late payment fees or something or "loss leader" to muscle in on someone else's market.
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They are concerned that Klarna is going to do to them what Netflix did to BlockBuster.
 
I'll never get another loan for as long as I live. It only takes you to lose your job not been able to pay 1 month and that's your credit history ruined.

Take that over to 3-4 bills not been able to be manage and your credit will be ruined for a lot longer.
 
Bouton Aide said:
I'll never get another loan for as long as I live. It only takes you to lose your job not been able to pay 1 month and that's your credit history ruined.

Take that over to 3-4 bills not been able to be manage and your credit will be ruined for a lot longer.
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If you aren't planning on getting another loan then what good is a clean and healthy credit history? You may as well rinse it
 
Bouton Aide said:
I'll never get another loan for as long as I live. It only takes you to lose your job not been able to pay 1 month and that's your credit history ruined.

Take that over to 3-4 bills not been able to be manage and your credit will be ruined for a lot longer.
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Credit works for people as it is unlikely you're going to loose a job (assuming permanent employment, company not in trouble etc) without notice.

If the above assumption isn't correct, then yes don't take out a hefty loan, over commit, as that would put yourself at risk.
 
Psycho Sonny said:
If you aren't planning on getting another loan then what good is a clean and healthy credit history? You may as well rinse it
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tlrBeta said:
Credit works for people as it is unlikely you're going to loose a job (assuming permanent employment, company not in trouble etc) without notice.

If the above assumption isn't correct, then yes don't take out a hefty loan, over commit, as that would put yourself at risk.
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Indeed.
 
Blackjack Davy said:
They rarely teach anything useful in school like life lessons unfortunately mostly just a lot of useless stuff you'll never hear or use again.
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They teach you the basics and then it's up to you to apply yourself and get into the more advanced classes and grades. They have different levels at school.

The basis of a lot of university degrees which are useful (like law, medicine, etc) all have fundamentals based on the basics taught at school.

Finance is something that should be added to the curriculum though but it shouldn't be at the expense of a major subject. It can replace languages or geography.
 
Psycho Sonny said:
They teach you the basics and then it's up to you to apply yourself and get into the more advanced classes and grades. They have different levels at school.

The basis of a lot of university degrees which are useful (like law, medicine, etc) all have fundamentals based on the basics taught at school.

Finance is something that should be added to the curriculum though but it shouldn't be at the expense of a major subject. It can replace languages or geography.
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Unfortunately, kids don't care about finance.

I've tried to cover some important finance aspects in Citizenship type lessons, I even tried to add it into a spreadsheet unit of work.

The general response over 5 years of teaching, is that they don't care, their parents do it all.

Only a small minority actually cared, and that's because they knew their parents couldn't afford it (a new phone for example), so wanted to work out a way to do it themselves.
After explaining the ins and outs to these select few, its clear as day they understood it. And I bet some went out to make their own income some how.
 
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