"Money for Nothing" - BBC Three

[Aterlatus]

Anyone else watched the "Money for Nothing" documentary on BBC tonight? Really good to see some light shed on the shady tactics of the creditors even if it was saved for 1am!

 

Just checked and it's on iPlayer - if anyone wants to take a peek it's over here. Genuinely interesting to watch (although I guess we all know already) - nice shot of TSB headquarters though. My bestest buddy atm

[yourbank]

I watched it and posted it on the bank charges in the media section, I think. Rebecca Wilcox is related to Esther Rantzen. I did a little digging;)

[Aterlatus]

Oh god - here's me thinking she was quite cute and then you go put that image in my head... ARGH!

[Misterzeus]

Aterlatus, thanks for putting that link in for that BBC money for nothing documentary. I watched it and thought it was excellent and very informative, also filmed in a quirky way meant it wasn't "boring" to watch!

 

It goes to show how naive people can be when it comes to knowing about APR. I couldn't believe it when the young girl though it meant a discount!

 

It's scary that so many people don't realise how debts can build up this way. The BBC should have put it on BBC1 or 2 at least, putting it on at such a late hour means it would have been missed by many!

 

Thanks again, Mrs Z

[phat256]

very interesting liek the idea behind angel card ! if i ever knew all this before i signed the CC agreement that would have save me from a lot fo problem and BR !

[Aterlatus]

We all get wiser with age, and we all wish we could turn back the clock and do things differently. At the time, signing on the line to withdraw £200 off your credit card to pay some bills doesn't seem like a big deal

 

I'm told it was also shown at 9PM, although still on BBC3. The way she was bluntly turned away from EVERY bank or lender really does speak volumes though - they know it's immoral, but when there's so much money in it who's gonna stop them? Maybe we should petition for compulsory lessons in school to teach people the evils of credit?

[The GodMother]

i saw this on a earler time in te day. i think it was about 9pm. sorry the tv mag said last week at 9pm ish.

 

i was shocked by how easy it was and by how ppl were encouriging her.

i also laughed went ppl thought it was monet off. thanks to CAG i know its not.

 

i also like how one company said she was not allowed to film there store. obviously did not want the bad press.

[Aterlatus]

I liked the legal interlude - cover their backsides now instead of having to post an apology later. lol

 

I'm surprised nobody popped the suggestion that she was refused credit because she'd already had 5 searches run that day though ;p

[phat256]

hat shicked me it is when she wnet for a shoppping in Dublin, if i remembered it well, she told that she has a creit limit of 3 000 pounds then her friend turn around and said to her congratulations .... and don't worry about paying back straight away it is so easy ... very scary to think like that....

 

yes i was wondering about the credit check too aterlatus but it was quite easy for her to get credit even the sale s assitant had no clue about APR and interest

[The GodMother]

thats what i found rather strange. The sales assistant was completely clue less about the hole thing. That on its own would ring alarm bells for me as they should no something to do with the card.

[Aterlatus]

Sales assistants are £5 an hour staff who don't give two hoots one way or the other so long as there's food on the table. They aren't paid to understand finance.

 

That's one of the reasons I'd never, ever, ever get a store card. If I want credit, I'll find credit - I won't let it find me!

[The GodMother]

yeah thats how i work it. But u would think they would no something as most stores /sellers get a bonus per card/ credit item they sell. Like greenwoods turned up yesterday and offered us £100 worth of vouchers.

 

I said not and he was moaning about him not getting his bonus out of the street i live on as no one wants to sign up.

[phat256]

and i think this is where the problem stem from .like god mother when i refused to have their credit card all i got is huff and puff and after that bad customer services.....

the problem is not that hey cant understand finance if they don't sale enough they get sack ( i know that from experience ) !

[The GodMother]

they can sack u unless it is in ur contrct that u have to seel x amount of cards each wee. Without that they can be done for unfair dismisal

[Aterlatus]

This is retail though - they wouldn't have you for not selling enough cards, they'd just come up with some other bogus reasons to get rid. Retail employees are too easy to replace unfortunately

[phat256]

exactly aterlatus i used to work in retail for 10 years until i changed jobs and career and i have seen employer saking people for some really petty things .

 

as aterlatus said retail employer come easily evven too easily!

[The GodMother]

yep.

I know the company who my mum works for have sent a email to all the shops saying if the shop dont sell £750 worth of topup a week they are in line for the sac.

[phat256]

i used to work for a well known fashion designer, i got sacked because i took too long to serve a customer and i was to chatty with them ..... then u i told him that my job titile was customer service he mentoend that we are not here to serve customer but to keep an eye on them !!!! what a great manager he was !

[Aterlatus]

I used to have the rota changed last second so I'd be turning up two hours "late" for a shift. They do some nasty things in that thar retail industry ;p