Hey Skint pals,
Just back in the UK after a great holiday in Portugal with friends and family. We did that renting a big villa thing and splitting the costs – much cheaper than going as a small family. And despite the torrential rain on landing in the UK, it’s still good to be home.
Still, things are a bit tight money-wise chez Skint post-holiday, so I’ll be economising over the next month or two. I’ve been wondered though: when you’re strapped for cash, do you spend less or borrow more? I’m firmly in the spend less camp, but I read a survey this week from a personal loans firm which revealed some very bizarre reasons that customers give when requesting finance.
See, apparently not everybody who asks for a loan needs money to pay for a new car or holiday. Explanations given to the company included funding an investment in gold bullion, a new tattoo, and paying bail money! Needless to say, not all of the personal loans requests were approved. . .
Top strange reasons for requesting a
- Buying a gold bar
- Buying a collection of antique glass eyes
- To fund production of home-made rocket (how much does that cost?)
- Paying a taxidermist to stuff a pet
- To open wallet and impress a new girlfriend
- Buingy the latest Star Wars memorabilia as a future investment
- To pay bankruptcy court fees
- To pay for a new tattoo
- To loan to a friend at a higher interest rate (this one really tickled me. Some friend, eh?)
I think the Star Wars enthusiast might have the right idea though. Have you seen how much some of those old figures go for? Most loan requests though are still for more down-to-earth needs such as household bills and car loans. The most popular reasons for requesting a loan are:
- Rent or Mortgage arrears
- Credit card debt
- Car loan
- Significant household purchase