Just a couple of ads, the sort of thing we are all familiar with these days, unfortunately. But I was wondering just how bad it is where you live. I know that financial crisis, job losses, credit cards, loans and mortgages are quite a serious problem at the moment in the UK. Everywhere you turn there are signs; "Free Quotes", "Interest Free Loans", "Buy now, Pay Later". And now the "Loan Sharks", who cunningly entice you into taking out a loan for that dream whatever it is you want, (or even to pay off another debt), are apparently sending in the "Heavy Mob" to sort you out if you don't pay up on time! I know that if you can't afford it you shouldn't take it, but people do, all the time, and with the current financial situation you'd think there were "less primitive" ways of doing things, after all this IS 2009. I think that they make it too easy to get credit and loans in the UK. Here in France the Credit Card has not long been introduced, and it's not easy to get a hold of one, unless you're rich, famous or related to Sarkozy. In the UK you can phone up a loan company and get an instant loan, when I say instant I mean in the few minutes you are on the phone. In France it's a little more complicated:
1. Meet the financial advisor.
2. Get together a dossier supporting your intentions and repayments.
3. Submit dossier to the bank.
4. Wait for about 2 weeks to be notified that your dossier is incomplete.
5. Re-submit dossier to the bank.
6. Wait for about another 2 weeks to be notified that the bank is going on holiday, and you will have your answer in about 2 weeks.
7. Finally get your answer, and even then depending on the amount you want to borrow, you may need a guarantor.
So, how does it all work in other countries? Any input??
PS. Thanks for checking in Delphine, and you have a good weekend too.
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