![\"credit](\"http:\/\/davidwithington.com\/wp-content\/uploads\/2017\/09\/credit-35165_640.png\")
<\/a><\/div>\n<\/p>\n
Is It Me?<\/span><\/h2>\nIs it me, or are the\u00a0TV adverts\u00a0full of\u00a0promotions for this car, and that car, and the other car… or the WeSellAnyCarAtAnyPrice<\/em> car-sales-type companies.<\/span><\/span><\/p>\n <\/p>\n![\"Car](\"http:\/\/davidwithington.com\/wp-content\/uploads\/2017\/09\/woman-160342_640.jpg\")
<\/a>“Buy a nice new car… with borrowed money.”<\/figcaption><\/figure>\n\u00a0<\/span><\/div>\n…each one encouraging you to take out a loan!<\/span><\/div>\n\u00a0<\/span><\/div>\nA LOAN for goodness sake!<\/span><\/div>\n\u00a0<\/span><\/div>\nFor a product\u00a0that will depreciate faster than you can drive it off the forecourt.<\/span><\/div>\n\u00a0<\/span><\/div>\nLoans Versus Loans<\/span><\/h2>\n\nA scheduled TV programme ran an article on car sales.<\/span><\/p>\n\nIt compared the cost of taking out a particular car company’s loan with a bank loan.<\/span><\/p>\nCompared one sort of loan… with another loan.<\/span><\/p>\nIt’s like comparing a potato… with a potato!<\/span><\/p>\n![\"Comparing](\"http:\/\/davidwithington.com\/wp-content\/uploads\/2017\/09\/scale-2247161_640.png\")
<\/a>It doesn’t really compare<\/figcaption><\/figure>\nInside I was fuming.<\/span><\/p>\n“Isn’t that the reason the country’s in\u00a0a mess!”, I shouted at the TV …not really expecting a reply …and certainly not ready if it had replied!<\/span><\/p>\nYou see… Call me old-fashioned.<\/span><\/p>\nBut what’s wrong with saving up for something?<\/span><\/p>\n<\/div>\n\n <\/p>\n![\"Saving](\"http:\/\/davidwithington.com\/wp-content\/uploads\/2017\/09\/coins-1015125_640.jpg\")
<\/a>What’s wrong with saving up for something?<\/figcaption><\/figure>\n<\/div>\n\u00a0<\/span><\/div>\nWe seem to have become accustomed to instant gratification.<\/span><\/div>\n\u00a0<\/span><\/div>\n“I need to eat now!” we say as we drive by the\u00a0fast food restaurant.<\/span><\/div>\n\u00a0<\/span><\/div>\n“I want it immediately!” …as we download the Kindle version of the highly anticipated book.<\/span><\/div>\n\u00a0<\/span><\/div>\n“I must have that car right now!” …as we arrange the 22% APR, 5-year loan.<\/span><\/div>\n\u00a0<\/span><\/div>\nBut what’s wrong with waiting<\/em> until we can afford it?\u00a0<\/span><\/div>\n\u00a0<\/span><\/div>\n\n…with saving up<\/em> for it?<\/span><\/p>\n![\"Saving](\"http:\/\/davidwithington.com\/wp-content\/uploads\/2017\/09\/money-2724238_640.jpg\")
<\/a>Watch your savings grow!<\/figcaption><\/figure>\n<\/div>\nThe Wonderful 5 Year Wait<\/span>\u00a0<\/span><\/h2>\nI suppose I was fortunate to get more than 5 years notice when my wife told me she wanted a “posh cruise” for our 25th wedding anniversary.<\/span><\/div>\n\u00a0<\/span><\/div>\nSo after wiping away the sweat, I opened a simple savings account.<\/span><\/div>\n\u00a0<\/span><\/div>\nAnd I drip fed into it every month (by standing order so it didn’t have to rely on my sieve of a memory!).<\/span><\/div>\n\u00a0<\/span><\/div>\nAlthough we had to adjust a little, we got used to the money going\u00a0out of\u00a0the current account each month – and eventually we totally forgot about it.<\/span><\/div>\n <\/p>\n
Until it came time to book our cruise.<\/span><\/div>\n <\/p>\n![\"We](\"http:\/\/davidwithington.com\/wp-content\/uploads\/2017\/09\/Azura-1.jpg\")
<\/a>We saved up and enjoyed a cruise<\/figcaption><\/figure>\n<\/div>\n\n\u00a0<\/span><\/div>\nAnd guess what.<\/span><\/div>\n\u00a0<\/span><\/div>\nThe bank manager had topped it up.\u00a0 We’d gained some extra money for free …some interest on our savings.<\/span><\/div>\n\u00a0<\/span><\/div>\nA nice bit of spending money\u00a0for the holiday!\u00a0 All for free!<\/span><\/div>\n\u00a0<\/span><\/div>\nNow that’s much better than taking out a loan, with\u00a0us having to pay lots of interest to the bank!<\/span><\/div>\n\u00a0<\/span><\/div>\nThe bank paid\u00a0us instead!<\/span><\/div>\n <\/p>\n![\"The](\"http:\/\/davidwithington.com\/wp-content\/uploads\/2017\/09\/vault-154023_640.png\")
<\/a>The bank paid us<\/em>!<\/figcaption><\/figure>\n<\/div>\n\n\u00a0<\/span><\/div>\nAnd there’s another sobering thought which has just dawned on me…<\/span><\/div>\n <\/p>\n
It’s this…<\/span><\/div>\n\u00a0<\/span><\/div>\nIf we’d gone for this instant gratification thing and had taken out a loan for the cruise<\/span><\/div>\n\u00a0<\/span><\/div>\n…or even worse, if we’d put it on the credit card<\/span><\/div>\n\u00a0<\/span><\/div>\n…we’d still be paying it off now!<\/span><\/div>\n\u00a0<\/span><\/div>\n\n![\"paying](\"http:\/\/davidwithington.com\/wp-content\/uploads\/2017\/09\/no-money-2070384_640.jpg\")
<\/a>We’d still be paying off the loan<\/figcaption><\/figure>\n<\/div>\nHang on a minute!<\/span><\/h2>\n\u00a0<\/span><\/div>\nActually… No, we’d probably still be paying off only the interest<\/em> at this stage.<\/span><\/div>\n\u00a0<\/span><\/div>\nWhat an anti-climax!<\/span><\/div>\n\u00a0<\/span><\/div>\n2 weeks of fun…<\/span><\/div>\n\u00a0<\/span><\/div>\nIn exchange for a lifetime of debt.<\/span><\/div>\n\u00a0<\/span><\/div>\nSo I think you can understand why I get a little cross when we’re bombarded from behind our TV screens with the instant gratification messages…<\/span><\/div>\n\u00a0<\/span><\/div>\nMaking the loan companies rich, and throwing people’s hard-earned money at the wasteful banks.<\/span><\/div>\n\u00a0<\/span><\/div>\nSad, eh?<\/span><\/div>\n<\/p>\n
But…<\/span><\/h2>\n\n\u00a0<\/span><\/div>\nBut on the other hand, perhaps I should keep it a secret.<\/span><\/div>\n\u00a0<\/span><\/div>\nAfter all, who would have\u00a0given us the free spending money\u00a0– if the banks hadn’t had all that money pouring in from those massive loan interest payments?<\/span><\/div>\n\u00a0<\/span><\/div>\nHmmm… <\/span><\/div>\n<\/p>\n
On second thoughts ….shhh!<\/span><\/div>\n\u00a0<\/span><\/div>\nPretend I never mentioned it!<\/span><\/div>\n<\/div>\n![\"Top](\"http:\/\/davidwithington.com\/wp-content\/uploads\/2017\/09\/top-secret-2054429_640.png\")
<\/a><\/div>\nOver To You<\/span><\/h2>\n <\/p>\n
So what’s your financial secret? <\/span><\/div>\n <\/p>\n
Go on… you can share it. <\/span><\/div>\n <\/p>\n
Pop it into the comment box below and let’s keep the conversation going…<\/span><\/div>\n <\/p>\n
P.S.<\/strong> Here<\/a><\/span> you can see lots more about our that very first cruise we saved up for<\/a>.\u00a0<\/span><\/div>\n <\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"
\u00a0 I’ve got a bee in my bonnet! \u00a0 A bit of indignation… that sort of thing. \u00a0 “Why?\u00a0 What’s up David?” \u00a0 It’s the TV Ads. \u00a0 “What?”\u00a0 I hear you asking\u00a0with an\u00a0incredulous gasp! \u00a0 Let me explain…\u00a0 Is It Me? Is it me, or are the\u00a0TV adverts\u00a0full of\u00a0promotions for this car, […]<\/p>\n","protected":false},"author":1,"featured_media":1919,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[194,99,3],"tags":[38,29,26,27,43,31,261],"yoast_head":"\n
Why I Hate Loan Companies - But Secretly Love Them - David Withington<\/title>\n<meta name=\"description\" content=\"How not to get caught up in the constant push to get a loan. How you can beat the banks at their own game and make money from them instead. Simply do...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/davidwithington.com\/hate-loan-companies\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why I Hate Loan Companies - But Secretly Love Them - David Withington\" \/>\n<meta property=\"og:description\" content=\"How not to get caught up in the constant push to get a loan. How you can beat the banks at their own game and make money from them instead. Simply do...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/davidwithington.com\/hate-loan-companies\/\" \/>\n<meta property=\"og:site_name\" content=\"David Withington\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/david.withington\" \/>\n<meta property=\"article:published_time\" content=\"2017-09-27T20:02:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2017-09-27T20:08:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/davidwithington.com\/wp-content\/uploads\/2017\/09\/credit-35165_640.png\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"406\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"David\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Thabacus\" \/>\n<meta name=\"twitter:site\" content=\"@Thabacus\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"David\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/davidwithington.com\/hate-loan-companies\/\",\"url\":\"https:\/\/davidwithington.com\/hate-loan-companies\/\",\"name\":\"Why I Hate Loan Companies - But Secretly Love Them - David Withington\",\"isPartOf\":{\"@id\":\"https:\/\/davidwithington.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/davidwithington.com\/hate-loan-companies\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/davidwithington.com\/hate-loan-companies\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/davidwithington.com\/wp-content\/uploads\/2017\/09\/credit-35165_640.png\",\"datePublished\":\"2017-09-27T20:02:11+00:00\",\"dateModified\":\"2017-09-27T20:08:13+00:00\",\"author\":{\"@id\":\"https:\/\/davidwithington.com\/#\/schema\/person\/1addaa34e66e39facfd4d4cd70a920ca\"},\"description\":\"How not to get caught up in the constant push to get a loan. How you can beat the banks at their own game and make money from them instead. Simply do...\",\"breadcrumb\":{\"@id\":\"https:\/\/davidwithington.com\/hate-loan-companies\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/davidwithington.com\/hate-loan-companies\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/davidwithington.com\/hate-loan-companies\/#primaryimage\",\"url\":\"https:\/\/davidwithington.com\/wp-content\/uploads\/2017\/09\/credit-35165_640.png\",\"contentUrl\":\"https:\/\/davidwithington.com\/wp-content\/uploads\/2017\/09\/credit-35165_640.png\",\"width\":640,\"height\":406,\"caption\":\"credit card\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/davidwithington.com\/hate-loan-companies\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/davidwithington.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Why I Hate Loan Companies – But Secretly Love Them\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/davidwithington.com\/#website\",\"url\":\"https:\/\/davidwithington.com\/\",\"name\":\"David Withington\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/davidwithington.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/davidwithington.com\/#\/schema\/person\/1addaa34e66e39facfd4d4cd70a920ca\",\"name\":\"David\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/davidwithington.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/144c0d94d4351655605f044fc10115e2?s=96&d=wavatar&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/144c0d94d4351655605f044fc10115e2?s=96&d=wavatar&r=g\",\"caption\":\"David\"},\"url\":\"https:\/\/davidwithington.com\/author\/david\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Why I Hate Loan Companies - But Secretly Love Them - David Withington","description":"How not to get caught up in the constant push to get a loan. How you can beat the banks at their own game and make money from them instead. Simply do...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/davidwithington.com\/hate-loan-companies\/","og_locale":"en_GB","og_type":"article","og_title":"Why I Hate Loan Companies - But Secretly Love Them - David Withington","og_description":"How not to get caught up in the constant push to get a loan. How you can beat the banks at their own game and make money from them instead. Simply do...","og_url":"https:\/\/davidwithington.com\/hate-loan-companies\/","og_site_name":"David Withington","article_publisher":"https:\/\/www.facebook.com\/david.withington","article_published_time":"2017-09-27T20:02:11+00:00","article_modified_time":"2017-09-27T20:08:13+00:00","og_image":[{"width":640,"height":406,"url":"https:\/\/davidwithington.com\/wp-content\/uploads\/2017\/09\/credit-35165_640.png","type":"image\/png"}],"author":"David","twitter_card":"summary_large_image","twitter_creator":"@Thabacus","twitter_site":"@Thabacus","twitter_misc":{"Written by":"David","Estimated reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/davidwithington.com\/hate-loan-companies\/","url":"https:\/\/davidwithington.com\/hate-loan-companies\/","name":"Why I Hate Loan Companies - But Secretly Love Them - David Withington","isPartOf":{"@id":"https:\/\/davidwithington.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/davidwithington.com\/hate-loan-companies\/#primaryimage"},"image":{"@id":"https:\/\/davidwithington.com\/hate-loan-companies\/#primaryimage"},"thumbnailUrl":"https:\/\/davidwithington.com\/wp-content\/uploads\/2017\/09\/credit-35165_640.png","datePublished":"2017-09-27T20:02:11+00:00","dateModified":"2017-09-27T20:08:13+00:00","author":{"@id":"https:\/\/davidwithington.com\/#\/schema\/person\/1addaa34e66e39facfd4d4cd70a920ca"},"description":"How not to get caught up in the constant push to get a loan. How you can beat the banks at their own game and make money from them instead. Simply do...","breadcrumb":{"@id":"https:\/\/davidwithington.com\/hate-loan-companies\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/davidwithington.com\/hate-loan-companies\/"]}]},{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/davidwithington.com\/hate-loan-companies\/#primaryimage","url":"https:\/\/davidwithington.com\/wp-content\/uploads\/2017\/09\/credit-35165_640.png","contentUrl":"https:\/\/davidwithington.com\/wp-content\/uploads\/2017\/09\/credit-35165_640.png","width":640,"height":406,"caption":"credit card"},{"@type":"BreadcrumbList","@id":"https:\/\/davidwithington.com\/hate-loan-companies\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/davidwithington.com\/"},{"@type":"ListItem","position":2,"name":"Why I Hate Loan Companies – But Secretly Love Them"}]},{"@type":"WebSite","@id":"https:\/\/davidwithington.com\/#website","url":"https:\/\/davidwithington.com\/","name":"David Withington","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/davidwithington.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"},{"@type":"Person","@id":"https:\/\/davidwithington.com\/#\/schema\/person\/1addaa34e66e39facfd4d4cd70a920ca","name":"David","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/davidwithington.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/144c0d94d4351655605f044fc10115e2?s=96&d=wavatar&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/144c0d94d4351655605f044fc10115e2?s=96&d=wavatar&r=g","caption":"David"},"url":"https:\/\/davidwithington.com\/author\/david\/"}]}},"_links":{"self":[{"href":"https:\/\/davidwithington.com\/wp-json\/wp\/v2\/posts\/1918"}],"collection":[{"href":"https:\/\/davidwithington.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/davidwithington.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/davidwithington.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/davidwithington.com\/wp-json\/wp\/v2\/comments?post=1918"}],"version-history":[{"count":0,"href":"https:\/\/davidwithington.com\/wp-json\/wp\/v2\/posts\/1918\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/davidwithington.com\/wp-json\/wp\/v2\/media\/1919"}],"wp:attachment":[{"href":"https:\/\/davidwithington.com\/wp-json\/wp\/v2\/media?parent=1918"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/davidwithington.com\/wp-json\/wp\/v2\/categories?post=1918"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/davidwithington.com\/wp-json\/wp\/v2\/tags?post=1918"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
<\/p>\n A scheduled TV programme ran an article on car sales.<\/span><\/p>\n It compared the cost of taking out a particular car company’s loan with a bank loan.<\/span><\/p>\n Compared one sort of loan… with another loan.<\/span><\/p>\n It’s like comparing a potato… with a potato!<\/span><\/p>\n Inside I was fuming.<\/span><\/p>\n “Isn’t that the reason the country’s in\u00a0a mess!”, I shouted at the TV …not really expecting a reply …and certainly not ready if it had replied!<\/span><\/p>\n You see… Call me old-fashioned.<\/span><\/p>\n But what’s wrong with saving up for something?<\/span><\/p>\n<\/div>\n <\/p>\n …with saving up<\/em> for it?<\/span><\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" \u00a0 I’ve got a bee in my bonnet! \u00a0 A bit of indignation… that sort of thing. \u00a0 “Why?\u00a0 What’s up David?” \u00a0 It’s the TV Ads. \u00a0 “What?”\u00a0 I hear you asking\u00a0with an\u00a0incredulous gasp! \u00a0 Let me explain…\u00a0 Is It Me? Is it me, or are the\u00a0TV adverts\u00a0full of\u00a0promotions for this car, […]<\/p>\n","protected":false},"author":1,"featured_media":1919,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[194,99,3],"tags":[38,29,26,27,43,31,261],"yoast_head":"\n<\/a>Loans Versus Loans<\/span><\/h2>\n
<\/a><\/a><\/a>The Wonderful 5 Year Wait<\/span>\u00a0<\/span><\/h2>\n
<\/a><\/a><\/a>Hang on a minute!<\/span><\/h2>\n
But…<\/span><\/h2>\n
<\/a><\/div>\nOver To You<\/span><\/h2>\n