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negativenick
Joined: 10/11/2008
Posts: 6023
Message Posted:
14/05/2011 07:58 | | Join or Login to Reply | Message 1 of 17 in Discussion |
| THis is a sign of the times - saw a poster in Girne yesterday:
"Now you can borrow enough to get yourself completely out of debt"................... |
spider
Joined: 03/01/2009
Posts: 5527
Message Posted:
14/05/2011 08:05 | | Join or Login to Reply | Message 2 of 17 in Discussion |
| For goodness sake Nick you can even do that back home ! and all over the world.
The best advice I was ever given was never get into debt....
Spider,X |
erolz
Joined: 17/11/2008
Posts: 3456
Message Posted:
14/05/2011 08:16 | | Join or Login to Reply | Message 3 of 17 in Discussion |
| Greece , Portugal and Ireland currently trying to do just that, but it doesnt seem to be working for them, despite the EU's 'consolodiate all your loans into one easy payment' pitch. |
negativenick
Joined: 10/11/2008
Posts: 6023
Message Posted:
14/05/2011 11:05 | | Join or Login to Reply | Message 4 of 17 in Discussion |
| spider - Erol
it was a joke
no sign, just me trying to bring sum humor to the depressing old trnc.....
foreigners cannot get credit in the trnc - so why would any one put a poster up offering credit ??
its a very famous old joke....
lighten up - PLEASE ! |
martinD41
Joined: 06/09/2010
Posts: 3001
Message Posted:
14/05/2011 11:17 | | Join or Login to Reply | Message 5 of 17 in Discussion |
| Never mind NN, you know what they say, "some fell on Stony Ground"....................  |
Deniz1
Joined: 28/07/2009
Posts: 3829
Message Posted:
14/05/2011 14:17 | | Join or Login to Reply | Message 6 of 17 in Discussion |
| Actually you are wrong foreigners can get credit you just have to know where to go. |
negativenick
Joined: 10/11/2008
Posts: 6023
Message Posted:
14/05/2011 15:18 | | Join or Login to Reply | Message 7 of 17 in Discussion |
| mess 6 - there called "loan sharks" luv............
no bank is going to give an unscured loan to a non tc............... |
ttoli
Joined: 24/03/2007
Posts: 1172
Message Posted:
14/05/2011 15:32 | | Join or Login to Reply | Message 8 of 17 in Discussion |
| Who mentioned unsecured loans?. |
negativenick
Joined: 10/11/2008
Posts: 6023
Message Posted:
14/05/2011 15:41 | | Join or Login to Reply | Message 9 of 17 in Discussion |
| mess 8 - so who's going to lend a cash strapped brit 25k without any security? |
erolz
Joined: 17/11/2008
Posts: 3456
Message Posted:
14/05/2011 15:49 | | Join or Login to Reply | Message 10 of 17 in Discussion |
| well my post was a joke too NN, the EU is not pitching ' consolidate all your national debt into one easy payment', in case you thought I was being serious. |
Deniz1
Joined: 28/07/2009
Posts: 3829
Message Posted:
14/05/2011 16:00 | | Join or Login to Reply | Message 11 of 17 in Discussion |
| Credit West gave a brit friend of mine a loan unsecured to buy a car. |
negativenick
Joined: 10/11/2008
Posts: 6023
Message Posted:
14/05/2011 16:19 | | Join or Login to Reply | Message 12 of 17 in Discussion |
| mess 11 - but they keep the kochan (log book) - and if he no pay - credit west co and pick up "their" car........
So secured - and i bet they only lend 50-60% of value........
And he would have to have the same amount in "savings" in the bank, which they would "mark off"....
Not really "un secured"...........
but good try........... |
Deniz1
Joined: 28/07/2009
Posts: 3829
Message Posted:
14/05/2011 16:21 | | Join or Login to Reply | Message 13 of 17 in Discussion |
| I am not trying at all just saying what happened. They didnt ask him for any log book or block his account. |
erolz
Joined: 17/11/2008
Posts: 3456
Message Posted:
14/05/2011 16:42 | | Join or Login to Reply | Message 14 of 17 in Discussion |
| Its true NN the banks here are no where near as sophisticated as those in the US and Uk and elsewhere, who with their unsecured lending as well as 'secured' lending against property that was not worth as much as the loan to those with no realistic means of repaying it along with thier clever bundling up of such debt into super sophisticated instruments led us to a global economic meltdown and recssion the like of which had not been seen since 1930 and required massive taxpayer bailouts. Sub prime ring any bells ? Maybe one day , if we are lucky, the banks here will learn to be as sophisticated as well. One can only hope. |
Hector
Joined: 26/08/2008
Posts: 2352
Message Posted:
14/05/2011 16:43 | | Join or Login to Reply | Message 15 of 17 in Discussion |
| Can I lend money to that nice Afkinans bank? I'd only charge 500% interest.... |
Visitor
Joined: 19/08/2010
Posts: 492
Message Posted:
14/05/2011 17:40 | | Join or Login to Reply | Message 16 of 17 in Discussion |
| It was reported today in the Guardian that the UK's growth record was the third weakest in the European Union, with only Greece and Portugal – both in deep financial crisis – doing worse. Whist the German economy has not been as strong for decades. France is also growing |
keithr
Joined: 20/08/2008
Posts: 720
Message Posted:
14/05/2011 17:52 | | Join or Login to Reply | Message 17 of 17 in Discussion |
| I do hope not,flogging trailer park trash mortgages as AAA investments should be a serious fraud issue.... |
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