Paying off Finance with bounce back loan?

[benedmonds]

£50k deposited in our account today.. Scary how easy the process was.. 

[Stubby]

12 minutes ago, benedmonds said:

£50k deposited in our account today.. Scary how easy the process was.. 

Beer and curry ? ?

[william127]

2 hours ago, benedmonds said:

£50k deposited in our account today.. Scary how easy the process was.. 

Thats what I thought! 

I saw the money in my Lloyd’s account 36 hours after applying, could have been in within 12 hours as I didn’t look sooner.

 

Ive spent it on a tractor, which I think is is pretty much the point of it- I’ve borrowed some money that i can afford to pay back but probably wouldn’t have been able to borrow otherwise, and passed that money on , keeping the wheels turning ??

[IronMike]

I think you’ve done the right thing, fair play.

 

I think one of the key things to remember (and I’m sure everyone does) is that the money isn’t free as such, and must be repaid. But my god, it’s the cheapest money you’ll ever get, and the easiest. Imagine applying for a loan like this 6 months ago? You’d have had to jump through every possible hoop whilst explaining the farthest of far farts!

[Mark J]

4 hours ago, benedmonds said:

£50k deposited in our account today.. Scary how easy the process was.. 

Imagine how the bankers felt albout their bailouts.

[Steve Bullman]

https://www.dailymail.co.uk/money/markets/article-9154527/Banks-charge-35-emergency-loans-Crippling-rates-loom.html#comments

[kevinjohnsonmbe]

20 minutes ago, Steve Bullman said:

Banks to charge 35% on emergency loans: Crippling rates loom | Daily Mail Online

WWW.DAILYMAIL.CO.UK

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Data seen by us shows lenders have used the Chancellor's flagship £19billion loan fund to saddle...

 

I had to look “usurious” up 😂

 

Never has been, never will be any such thing as a free lunch. 

[eggsarascal]

20 minutes ago, Steve Bullman said:

https://www.dailymail.co.uk/money/markets/article-9154527/Banks-charge-35-emergency-loans-Crippling-rates-loom.html#comments

Is this not CBIL's, not BBL. Either way, we all will pay for it.

[Mark J]

33 minutes ago, kevinjohnsonmbe said:

I had to look “usurious” up 😂

 

Never has been, never will be any such thing as a free lunch. 

Yup. Always read the small print.

[Khriss]

On 18/05/2020 at 22:14, IronMike said:

I think you’ve done the right thing, fair play.

 

I think one of the key things to remember (and I’m sure everyone does) is that the money isn’t free as such, and must be repaid. But my god, it’s the cheapest money you’ll ever get, and the easiest. Imagine applying for a loan like this 6 months ago? You’d have had to jump through every possible hoop whilst explaining the farthest of far farts!

stealing that ,  I  " the farthest of far farts in Fife and Forfarshire ' will be my motto . K

Edited January 17, 2021 by Khriss
y'ken