Are squaddies really bad at finances?

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

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  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?