Are squaddies really bad at finances?

Discussion in 'Finance, Property, Law' started by bullshit, Jan 23, 2005.

Welcome to the Army Rumour Service, ARRSE

The UK's largest and busiest UNofficial military website.

The heart of the site is the forum area, including:

  1. So are us squaddies worse than civvi's at personal finance? I know a bird who works in a bank who advised me to just say that I am an MOD employee, never say soldier or HM Forces as we have a bad name for not coughing up money we owe.

    If I think back, I can often remember some NIG selling a 3 month old car for 30% of its value due to him being totally skint, the fact that he had only made 2 payments out of 48 to Knuckles Loansharks of Hohne did not seem to be an issue.

    The other day I asked somebody what the APR was on his car loan and got a totally blank stare - on checking he was paying nearly 13% more than the highstreet banks!

    What do you say F_S, are we a "bad lot"?!!
  2. Squaddies not paying debts? Whatever next?