A bit council Vol 2
Discussion
Trabi601 said:
2 reasons. Bank accounts pay feck all these days anyway, so why have something sitting on your credit report if you you're not getting any advantage out of it. (You will save pennies, maybe a couple of quid, at best).
Secondly, the 'interest free' isn't really 'free' at all - it's built into the cost of the sofa. So I'd prefer to shop in places where they don't offer interest free, as it generally means better quality for the same price.
I wouldn't buy a sofa from a DFS type place anyway, but cheap sofas are not the only interest free finance packages out there.Secondly, the 'interest free' isn't really 'free' at all - it's built into the cost of the sofa. So I'd prefer to shop in places where they don't offer interest free, as it generally means better quality for the same price.
Having credit on your credit report doesn't have to be negative.
To be honest, at DFS prices, you won't get better quality. You'll be spending more if you want better quality - it can't really be improved for the price. This is the thing I'm most sure of in this post!
It's just silly to assume that people only take interest free credit because they don't have enough money for the item in question.
Jimmy Recard said:
It's just silly to assume that people only take interest free credit because they don't have enough money for the item in question.
O/T but fundamentally people take credit for exactly this reason for everything they cannot afford upfront, houses, cars, holidays, furniture, white goods, phones, laptops.... the list goes on and on and I totally get that not all finance is bad finance, as after all you have to have it to get it!alorotom said:
O/T but fundamentally people take credit for exactly this reason for everything they cannot afford upfront, houses, cars, holidays, furniture, white goods, phones, laptops.... the list goes on and on and I totally get that not all finance is bad finance, as after all you have to have it to get it!
Mostly yes, but if there is a specific item you want and you're ready to pay in cash but you're offered 0% and accept it, I can see the reason for it!I'm not really into finance and don't really do it, but I can see when I would and when I would not use it
Quite. If I want a product and they offer 0% finance, I'll take the 0% finance. Having good credit on your credit report is a good thing not a bad thing.
Bought my current suite from DFS 12 years ago. Very nice leather, pull out king size double sofa. 2 dogs that have been up and down on it, a now 7 year old daughter that has grown up on it. Still looks bloody good. No squeeks, no sagging etc. 12 years on. I got that on interest free tick.
OK the leather needs a refurb now but we wont be replacing it any time soon. The sofa is comfy. DFS does not equate to council, you can get some really good quality suites there if you can get beyond the bridge of your nose.
Bought my current suite from DFS 12 years ago. Very nice leather, pull out king size double sofa. 2 dogs that have been up and down on it, a now 7 year old daughter that has grown up on it. Still looks bloody good. No squeeks, no sagging etc. 12 years on. I got that on interest free tick.
OK the leather needs a refurb now but we wont be replacing it any time soon. The sofa is comfy. DFS does not equate to council, you can get some really good quality suites there if you can get beyond the bridge of your nose.
Steve vRS said:
But that bloody sofa sloth shop are up there with pink Range Rover Sports and vagazals.
I know a man who does that 
Jim, what you describe is technically called bonded leather, and it legally must be stated as such, and yes, it's utter crap, and shouldn't be allowed to contain the word leather IMO. Most wouldn't clock the word let alone know what it means, and and I'd be wary of many sales people even knowing what it is. If you see it in a description run! In fairness a lot of what all the sheds sell is genuine full hide none PU coated stuff, and not all of what they sell is crap.
Jimmy Recard said:
alorotom said:
O/T but fundamentally people take credit for exactly this reason for everything they cannot afford upfront, houses, cars, holidays, furniture, white goods, phones, laptops.... the list goes on and on and I totally get that not all finance is bad finance, as after all you have to have it to get it!
Mostly yes, but if there is a specific item you want and you're ready to pay in cash but you're offered 0% and accept it, I can see the reason for it!I'm not really into finance and don't really do it, but I can see when I would and when I would not use it
I also seem to remember many years ago that I was offered an attractive finance package on a car. I thought I'd look at it and was turned down. The reason was that they could find no record of me on credit databases (no loans, no mortgage). That apparently made me a poor risk. I laughed and paid cash.
AstonZagato said:
If I can't negotiate the price down, then I'd take to 0%. Why wouldn't you finance it at 0%? That said, I've only done this once in about the last 20 years.
I also seem to remember many years ago that I was offered an attractive finance package on a car. I thought I'd look at it and was turned down. The reason was that they could find no record of me on credit databases (no loans, no mortgage). That apparently made me a poor risk. I laughed and paid cash.
I've only done it once either - buying a watch. I could have handed my debit card or credit card over and paid for it, or I could've gone the route which technically will cost less due to inflation occurring whilst it's paid off.I also seem to remember many years ago that I was offered an attractive finance package on a car. I thought I'd look at it and was turned down. The reason was that they could find no record of me on credit databases (no loans, no mortgage). That apparently made me a poor risk. I laughed and paid cash.
I kept the cash that I'd earmarked for it and earns about £7/month in interest and did the direct debit for the finance from that account. I'm paying the same amount of pounds, but gaining money in interest in the meantime.
Also, avoid bonded leather. Total s
te. We don't use it at all at work as a policy. It's normally a layer of paper with shredded leather pulp stuck to it and a grain provided by a polyurethane film (that acts to laminate it too). The lamination quickly fails with wear, sunlight etc and then it starts to fall apart.If it's marked as leather, it's leather. If it's marked as bonded leather, don't bother at all.
My contribution for today chaps...
Not a flat roof pub. But has all the traits and 'character' of one, plus a white Astra van estate in the car park. As a native of Brighton I'll agree that that pub is horrific, and the area isn't much better.
http://www.theargus.co.uk/news/15238299.Pub_Spy__T...
Not a flat roof pub. But has all the traits and 'character' of one, plus a white Astra van estate in the car park. As a native of Brighton I'll agree that that pub is horrific, and the area isn't much better.
http://www.theargus.co.uk/news/15238299.Pub_Spy__T...
stuart-b said:
Trabi601 said:
Buying your sofa from the kind of place that does multi-year 0% finance on sofas is incredibly council anyway.
Exactly, this 0% bullst just tricks people into thinking they can afford a more expensive sofa, when they can't.Buy what you can afford, if you can't afford it, buy a second hand one, save up, then buy it.
Why do so many people have this feeling of entitlement. These marketeers love you lot.
For illustration purposes. I don't currently owe any money to anyone bar the mortgage. Generally, pretty sensible
ANYWAY
Saw something yesterday which counts as Council
I used to work with a guy. He's OK, not really close to him. But his gf then latterly wife would often turn up to work, since she was the stay at home and spend his money type. She was utter council. Attitude, gold jewellery paid for by hubby. Often orange, he paid for her to have some enhancements done. I kept contact to a minimum since she's not quality. Maybe said a handful of sentences to her over the years
After about a year or so they divorced. (they'd been together for probably 7-8 years prior to that.)
She got a new BF soon after. Seen him, bit of a knobber. Poses in the mirror with no top on type. She recently celebrated her "friends for 1 year" thing on Facebook. Which was council because they'd met PRIOR to getting her divorce.
"Oh him? No you don't need to worry about him"
Rich_W said:
I bought my first sofa (£1100) on 0% cause Ikea were offering when I went in. Fully expected to pay outright, but given Id just moved out, finances were a bit tight so it gave me a bit of wiggle room.
For illustration purposes. I don't currently owe any money to anyone bar the mortgage. Generally, pretty sensible
ANYWAY
Saw something yesterday which counts as Council
I used to work with a guy. He's OK, not really close to him. But his gf then latterly wife would often turn up to work, since she was the stay at home and spend his money type. She was utter council. Attitude, gold jewellery paid for by hubby. Often orange, he paid for her to have some enhancements done. I kept contact to a minimum since she's not quality. Maybe said a handful of sentences to her over the years
After about a year or so they divorced. (they'd been together for probably 7-8 years prior to that.)
She got a new BF soon after. Seen him, bit of a knobber. Poses in the mirror with no top on type. She recently celebrated her "friends for 1 year" thing on Facebook. Which was council because they'd met PRIOR to getting her divorce.
"Oh him? No you don't need to worry about him"
Come again?For illustration purposes. I don't currently owe any money to anyone bar the mortgage. Generally, pretty sensible
ANYWAY
Saw something yesterday which counts as Council
I used to work with a guy. He's OK, not really close to him. But his gf then latterly wife would often turn up to work, since she was the stay at home and spend his money type. She was utter council. Attitude, gold jewellery paid for by hubby. Often orange, he paid for her to have some enhancements done. I kept contact to a minimum since she's not quality. Maybe said a handful of sentences to her over the years
After about a year or so they divorced. (they'd been together for probably 7-8 years prior to that.)
She got a new BF soon after. Seen him, bit of a knobber. Poses in the mirror with no top on type. She recently celebrated her "friends for 1 year" thing on Facebook. Which was council because they'd met PRIOR to getting her divorce.
"Oh him? No you don't need to worry about him"
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