A really affordable way to pay for the things you want

Bank of Scotland - A really affordable way to pay for the things you want.

Now, firstly I’m not a customer of the Bank of Scotland, so I’m not entirely certain why they sent me this piece of junk mail, and secondly I’m no financial expert but I can’t help think that they’ve got something fundamentally wrong in the message they sent me.

It’s not been that long since the Northern Rock building society hit the news headlines, and its customers hit the high streets to withdraw their life savings, because the money that they were lending was more than its customers was paying back … so WHY in the world are banks still heavily promoting loans?

This letter was inviting me to take out a loan from £7,000 to £25,000 to pay back over two to seven years at a typical APR of 9.9%.

What gets me is the way that they advertise it: “A really affordable way to pay for the things you want”.

NO!!

Here’s a really affordable way to pay for the things you want, that the banks won’t tell you about: SAVE UP FOR IT.

Each month (or week, or even choose a timescale that suits you) put aside a bit of money and sooner or later you’ll have enough for that new PC you have your eye on, or that 160GB iPod, or 42″ plasma TV, or …

That letter is going into the shredder now.

Published by

Gareth Saunders

I’m Gareth J M Saunders, 46 years old, 6′ 4″, father of 3 boys (including twins). Latterly, web architect and agile project manager at the University of St Andrews and warden at Agnes Blackadder Hall. Currently on sabbatical. I am a priest in the Scottish Episcopal Church, and I sing with the NYCGB alumni choir.

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