Revenue Before Responsibility?

#2
What's the difference with "Louis Bernard" and his ever so sharp suits, Naafi credit and every other shark that the MOD has let prey on young soldiers/sailors and this latest lot?
 
#6
I seem to remember some sort of insurance scam in the 60's. Eagle Star was it? Where's me medication? Nurse, Nurse! I can't remember stuff!
 
#7
Interesting article in the Mail today. It may or may not be entirely true, but raises some interesting questions on the morality and effectiveness of some types of soldier-focused advertising.

Debt-hit soldiers are targeted by 3,300% payday loan firm in MOD's own magazine | Mail Online
Interesting, as I thought soldiers wern't supposed to get into debt.

Also you can get advances on wages and hungry soldier chits for PAYD.

Are the headshed getting out of their resposibilities.
 
#8
You can take the adverts out of MOD magazines if you like - soldiers will just explore other avenues of getting into debt. It's what we're best at. In fact, I might set up one of these payday loan companies myself.
 
#9
What's the difference with "Louis Bernard" and his ever so sharp suits, Naafi credit and every other shark that the MOD has let prey on young soldiers/sailors and this latest lot?
Ah the joys of NAAFI Credit from that well known "non-profit making organisation".
 
#10
Interesting, as I thought soldiers wern't supposed to get into debt.

Also you can get advances on wages and hungry soldier chits for PAYD.

Are the headshed getting out of their resposibilities.
Soldiers are great customers for loan companies, as they come with their own "bailiffs, have an assured monthly income that is easily deductable at source, and are often suckers for "easy" deals

I'm suprised that the wider economic benefits of young single uniformed spendthifts/payday millionaires weren't put forward to head off A2020 cuts.

Pads on the other hand have no money left, are cheap and infrequent drunks and check bank balances as opposed to playing ATM roulette.
Redundancy should be based on profligacy and protecting the wastrel
 
#11
What happened to selling your tele at the end of the month?

I remember one debt ridden buffoons plan to save money involved buying a play station... and a game every week.
 
#12
Interesting, as I thought soldiers weren't supposed to get into debt.

Also you can get advances on wages and hungry soldier chits for PAYD.

Are the headshed getting out of their resposibilities.
You paid your mortgage off in all one go did you?
 
#13
Interesting, as I thought soldiers wern't supposed to get into debt.

Also you can get advances on wages and hungry soldier chits for PAYD.

Are the headshed getting out of their resposibilities.
I believe there is a 'capped' amount of debt a civvy can be in to be successful on military applications. When I was at Depot as an instructor, I think the figure was no more than 5k debt. Otherwise, that individual would have to clear some of the debt to the stated level before reapplying.

Soldiers are always going to have car loans etc, as sluggy stated.


Posted from the ARRSE Mobile app (iOS or Android)
 
#14
On a serious note, these pay day loan companies should be fcuked off.

Too much cost, over too little time and the 'penalties' are obscene. Anyone entering the door should be sectioned.

And I don't understand the purpose of these 'cheque converters'... who doesn't have a bank account now adays?
 
B

Biscuits_AB

Guest
#15
Can't see why they're upset. Squaddies have been debt ridden little ******* since the year dot. They're such easy targets. Just look at the tax free circus which set itself up outside the main gates of just about every major barracks in Germany. These leeches have bled squaddies dry for years. They're not alone either. Soldiers have always been a good source of income for snake oil salesmen. Ripping squaddies off has been such a lucrative business, that even ex squaddies have seen it as an easy buck. The entire 'resettlement business' is another money maker.
 
#16
On a serious note, these pay day loan companies should be fcuked off.

Too much cost, over too little time and the 'penalties' are obscene. Anyone entering the door should be sectioned.

And I don't understand the purpose of these 'cheque converters'... who doesn't have a bank account now adays?
cheque converters will cash the cheque immediatly at a percentage of the value, banks can take upto 5 days
 
#17
On a serious note, these pay day loan companies should be fcuked off.

Too much cost, over too little time and the 'penalties' are obscene. Anyone entering the door should be sectioned.

And I don't understand the purpose of these 'cheque converters'... who doesn't have a bank account now adays?

I understand it helps those who are still declared bankrupt
 
#18
cheque converters will cash the cheque immediatly at a percentage of the value, banks can take upto 5 days
Can banks not be asked to cash cheques with more alacrity? Especially the ones that the taxpayer owns?
 
#19
God, I remember getting a 50 Marks payment before going to Bosnia in the 90's - First thing we did? Went to M&S to cash it in and get pissed knowing we were going to get another payment the moment we landed.

Squaddies (and many civvies) are willing topay the amounts asked for. These companies (who pay the MOD to advertise, when the MOD needs money) clearly state they wil shaft you with a very big cucumber, up to 4,270% or such, but they do also help people out - people who need to top up their pay as you go gas 2 days before payday.

People who take them out know what they are getting themselves in for - It's not like getting as mortgage over 25 years and losing your job after 15 years and struggling to pay the mortgage. Unless you can't read and really have no social interaction skills, then you have some knowledge of what you're doing.
 
#20
Can banks not be asked to cash cheques with more alacrity? Especially the ones that the taxpayer owns?
the only time i've known this is when the cheque issuers account is at the same bank as the payee, then its same day
 

Similar threads

Latest Threads

Top