The ‘Carol Vorderman Please Stop Doing Secured Loans’ Appeal
I've asked for this to be sent to a few people, so if you've had the link then I'm to blame, but for anyone in the UK that reads this, Martin Lewis from MoneySavingExpert.com has started a petition to get Carol Vorderman to stop advertising for these loans as they are 'normalizing' this form of borrowing. Here is the link to Money Saving Expert to explain more and the link to the petition is here. I hate this advert, especially that someone with the supposed intelligence of Carol encourages people to borrow with such bad repayment terms.
(From MSE) The British public now collectively owe a massive £1,100,000,000,000. The secured loan market has increased five times over the last five years and the growing normalization of these loans is a time bomb waiting to go off. Sold as a ‘cure all’ where people bung all their debts together, they’re often, actually, potentially expensive debts, which trap people in for an extended period and if you can’t repay you can lose your home. Adverts for these are now constantly sprayed across our TV sets:
Carol Vorderman Please Stop Doing Secured Loan Adverts!
(From MSE) The British public now collectively owe a massive £1,100,000,000,000. The secured loan market has increased five times over the last five years and the growing normalization of these loans is a time bomb waiting to go off. Sold as a ‘cure all’ where people bung all their debts together, they’re often, actually, potentially expensive debts, which trap people in for an extended period and if you can’t repay you can lose your home. Adverts for these are now constantly sprayed across our TV sets:
Carol Vorderman Please Stop Doing Secured Loan Adverts!
Have to agree wholeheartedly with this. Can't quite believe just how easy it is to get yourself into MASSIVE debt and of course our society is such that we have to have what we want whether we can afford it or not :(
Posted by
Clare |
Fri May 05, 08:51:00 pm BST
I totally agree. They sell a false sense of security and when you actually read the small print, realise how f****d you are. V sad.
Posted by
Katuska |
Thu May 11, 11:36:00 am BST
By the way Sue, sorry if I'm too nosey, were you a Media buyer before?Just read your profile so that's why the curiousity.
x
Posted by
Katuska |
Thu May 11, 11:38:00 am BST