Quote Originally Posted by mickd1961 View Post
Such a good point in your last paragraph.

I haven’t had Hire Purchase on stuff for over 30 years now and my credit card gets cleared every month so I never pay interest.

So when I tried to take advantage of zero finance to pay for a sofa just because it was available I got turned down!

Same at Autoglass when they offered me low terms on their credit account offer on 4 tyres, I got refused.

I’ve got no everyday credit history in my favour despite paying for everything on time and having actually paying for mortgages into the millions in time!

It makes absolutely no sense other than to enforce your point that they ( the markets ) just want to feed the poor with as much debt as they can, they don’t want the comfortably off and the wealthy on their books.

It stinks really.

Watch the new “Madoff” documentary on Netflix as it really highlights how the mega rich elite control the world to the expense of the poor.
You would have thought that credit companies would value those who have been sensible with their money and not over extended themselves as they would be a much safer/lower risk borrower. Makes no sense-unless you conclude that it's all about encouraging further debt in order to make more money for these companies themselves. Not heard of the Madoff doc. so will check it out 👍