Saturday, August 30, 2014

Shocking !!!

Good morning. I'm bopping away to Sounds of the Sixties on Radio 2 as I write this. Some great old hits to sing along with. Every Saturday, 8 till 10. 
Right, what's the topic for toady. A leaflet dropped through the letter box this week, that reads like a horror story, thought I would share it with you. I hate anything that aims to swindle people out of their precious cash. This is a leaflet from a shop called PerfectHome, it could be from Bright House, they are all the same. They may have a shop front in the High Street, but that is a ruse to get people through the door and get them to sign their life away to a finance company. In this case, Temple Finance Limited is trading as PerfectHome. 
Years ago when I was a child my mum saved up to buy some of our furniture, but most of it was second hand, handed down from family or passed on from friends. For our entertainment we had a small radio, then television sets started to appear in shops. Of course we pestered mum to get one, she went into a shop called Radio Rentals and rented our first TV. A few years later after we had moved house, she went to Boyds, a family electrical shop, and took out an agreement to rent a TV. I have the agreement in front of me, dated 20th June 1974. Mum paid £1.85 a week for a 19 inch mono TV. In those days it was rare for people to buy a television set, because it would have been expensive to repair. Renting seemed the better option because there would be a new one provided when the set was too old to repair. We didn't think about how much it would cost us over a long period of time. Money came into the house weekly and mum was pretty good at budgeting, she wouldn't have got it if we couldn't afford the weekly payments. 
How things have changed. Now everyone wants to own the biggest TV in the street, no matter what the cost is. The PerfectHome shop window in our High Street looks very appealing, imagine all that lovely furniture in your home. You too can have a showhouse like this, but, there's a catch, there always is. Have a look at these figures, they make shocking reading.  
This TV will cost £1,731.99 to buy from this shop. Of course they don't want you to buy it outright, that's not where they make their money, they are a finance company, they want to lend you money at shocking interest rates. They want you to sign up to an agreement to pay £14.59 a week, for 156 weeks, they don't say 3 years, and you will end up paying £2,276.04. So, you might as well throw £1,048.05 of your precious cash, down the toilet. Shocking!
Want a supadupa sound system? Throw away £1,048.05, the difference between the cash price and the weekly payments over three years, and you can have it.

Of course you've just got to have an American style fridge freezer, with a water and ice dispenser, hasn't everyone got one. Errr, nope. On credit it's £2853.24. Shocking!

A nice sofa to sit on? Jeeez, credit price over 3 years, £4,475.64. What a shocker!

We all need to lay our heads down every night, but at what cost? £20.99 per week for three years, or 40p per sleep. That's a very expensive sleep. I would be having nightmares if I slept in this bed.

Only two of you, a small sofa would be ideal, but not at this price. Take out credit on this item and it will cost you £1,613.04 to sit on your @rse.

Ha ha, look at this, a special offer. Buy today and your first weekly payment is JUST £1. WOW, gotta have that, I think not. What about all the other 155 payments, where you are struggling to make ends meet, struggling to buy decent food, can't afford to put the heating on, can't afford to put petrol in the clapped out old car to get you to work.

For God's sake people wise up, get your priorities sorted out. Stop feeding these sharks. You don't need all this fancy stuff, you don't need to get into debt just to keep up with whoever has got more than you. Life is not about showing off, hey look at me, I've got one of those, or I've got a bigger one than you. It's ok to buy second hand, to get the best for your money. It's ok to buy from car boot sales, from charity shops, to skip dive, to take hand me downs, to barter and swap, to go on Freecycle.

Phew, sorry about that, had a Nellie moment just then. She would be proud of me. Joking apart, I know a lot of people who read my blog already know about this stuff, but please pass on your wisdom to younger members of your family and warn them of the danger of taking out such extortionate rental contracts, because it will come back and bite them on the bum, with such force they won't be able to sit down for months. or even years.

Looking good outside, have a nice weekend. Toodle pip.  

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