Quizzes & Puzzles1 min ago
loans - what a silly company!
5 Answers
i have a loan with sainsburys bank which is due to finish in January. In order to get rid of all our credit cards, i would like to get anther loan out. I approached sainsbury's to get another loan and was absolutely amazed to find out if you want to extend your loan (or take out another one while you still have the original one) the rate is 14.1%. if you are a new customer it's 7.9%.
What a ridiculous situation! It doesn't give you any incentive to stay with them.
Why d they do this do you think?
What a ridiculous situation! It doesn't give you any incentive to stay with them.
Why d they do this do you think?
Answers
Best Answer
No best answer has yet been selected by bednobs. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.As above - by attracting new customers, not the existing ones. Same happens with very many financial organisations.
1st Direct would not allow me to transfer my 1stD ISA into their ISA Bond - only transferees in from another ISA provider can do that. Lady on the phone helpfully (but seriously) suggested that if I transferred it from 1stD to another ISA provider, I could then transfer it back again and take advantage of the deal. On yer bike.
1st Direct would not allow me to transfer my 1stD ISA into their ISA Bond - only transferees in from another ISA provider can do that. Lady on the phone helpfully (but seriously) suggested that if I transferred it from 1stD to another ISA provider, I could then transfer it back again and take advantage of the deal. On yer bike.
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