News From The North East Regarding Us

[Tetteys Jig 830]

The reason AVIVA are expensive is because of false claims for whiplash etc and the legal costs associated with them. For every £3k a driver makes from one of these false claims, the legal teams will make £40k. Laws need to change, but unfortunately, it is obviously not in the legal teams interest to do this.

I''d rather see whiplash claims outlawed completely and dealt with another way.

[QHcanary 0]

It''s not jus AVIVA that are subject to whiplash claims, is it? They''re expensive relative to other insurers. They must be cheap for at least one demographic though, otherwise no-one would use them.

Back on topic...

I''d be interested to know whether Cisse has a bank account that pays him no interest on his massive wages.

FWIW, I''d have him at Norwich for the quoted £9m.

[JayNCFC 14]

[quote user="QHcanary"]It''s not jus AVIVA that are subject to whiplash claims, is it? They''re expensive relative to other insurers. They must be cheap for at least one demographic though, otherwise no-one would use them.

Back on topic...

I''d be interested to know whether Cisse has a bank account that pays him no interest on his massive wages.

FWIW, I''d have him at Norwich for the quoted £9m.[/quote]

I am sure he does have an Islamic account and donates 5% to charity also...

[BroadstairsR 2,138]

"If we had a responsible lender on our shirts and not one that preys on the most vulnerable people in our country then I''d be happy enough, but Wonga and all these type companies are a disgrace and should be outlawed."

Jimmy Smith wrote.

 

A bit superficial there JS.

 

The problem then would be that the council estate/street corner loan sharks would re-appear again with their dubious methods of collection.

 

The fact remains that a lot of people are unfortunately regularly in a position where they are desperate for a quick financial fix and companies such as Wonga provide this service. Perhaps they are not regulated enough but  least they adhere to certain standards which are within the law, like them or not.

 

 

As I understand it it is not the lending of money that is frowned upon by devout Muslims but more the charging of interest. I have heard that there are ways around this though, rather like there are with the use of alcohol.

 

 

Wonga and the like serve a need in our society that I doubt Cisse has little awareness of and I, for one, have little sympathy for his stance and for all sorts of reasons that need not be stated here for fear of opening up a debate on religious beliefs and hypocracies that would extend for pages. Having said that, I have no knowledge of the complexities of the players beliefs either, except to say that his contentedness with thriving in the nefarious world of professional football with it''s devious finances seems somewhat contradictory to his stance at Newcastle. He embarks upon a somewhat stilted crusade, IMO.

 

 

For this reason I would not want him at Carrow Road. There is a hint of trouble there, whether born out of sincerity or not.

 

Wow!  

 

 

[Tetteys Jig 830]

Actually Broadstairs, it should be the government that fill the need to society for the most vulnerable people. The 2,500% loan culture has to stop! Why should a few fat cats benefit from vulnerable peoples problems, naevity and stupidity? At the end of the day, when they can''t pay up and debts are called in, it''s the tax payer that suffers anyway.

Perhaps i''ll start up a business selling house repairs to elderly people and get them to sign up to things they don''t understand? Is that any worse than what Wonga are being allowed to do?

I reckon Cisse would have probably ''tolerated'' a responsible loan company or a brewery being on his shirt, but it''s the exploitative nature of Wonga and the like that would go beyond his tolerance.

Aviva specialise in high end insurance (nice courtesy car etc) and have their main customers there, where peace of mind outweighs the cost of an insurance product. They are not there for 17 year olds.

I for one am not a fan of insurance as a whole but understand the need for it to cover massive costs. Theoretically though, if you added up the money you spent on insurance over your life and compared it to the money you avoided spending by claiming, the former would be more.

Anyway, back to Cisse, i''d happily have him, he''s fast, powerful, knows where the goal is and in the right environment, he''d be a massive hit. I''d have major tentage at the prospect of him and RVW lining up together!

[Juggy 0]

[quote user="BroadstairsR"]

The problem then would be that the council estate/street corner loan sharks would re-appear again with their dubious methods of collection. [/quote]

Legal loansharks Vs Illegal loansharks. The existence of underground loansharks does not justify the existence of this new breed of legal loansharks. 

 

[quote] The fact remains that a lot of people are unfortunately regularly in a position where they are desperate for a quick financial fix and companies such as Wonga provide this service. Perhaps they are not regulated enough but  least they adhere to certain standards which are within the law, like them or not. [/quote]

Conservative party receives huge donation from Wonga CEO, Conservative government intentionally extends period of time that it takes for the newly unemployed to claim benefits. They don''t just comply with the scarce laws, they pay to create them. 

 

[quote]  Wonga and the like serve a need in our society that I doubt Cisse has little awareness of and I, for one, have little sympathy for his stance and for all sorts of reasons that need not be stated here for fear of opening up a debate on religious beliefs and hypocracies that would extend for pages. [/quote]

No, Wonga prey on the uneducated and vulnerable and then proceed to extort them. 

[quote] For this reason I would not want him at Carrow Road. There is a hint of trouble there, whether born out of sincerity or not.[/quote]

His stance on Wonga actually makes me really want him at Carrow Road. If Norwich got Wonga plastered on their shirts I would boycott the club, I would not have the same issue with any other shirt sponsor in this league. Not that I am stupid enough to pay my own money to wear some companies logo on my shirt. I will pay money for a shirt when they stop being mobile advertising boards. I wouldn''t walk around the town centre wearing an A-board so I wouldn''t walk around a town centre wearing a shirt-board.

[Fr. Chewy Louie 137]

Excellent, well-informed post TNB.

[CaptnCanary 0]

[quote user="Jimmy Smith"]I for one am not a fan of insurance as a whole but understand the need for it to cover massive costs. Theoretically though, if you added up the money you spent on insurance over your life and compared it to the money you avoided spending by claiming, the former would be more. [/quote]

That would certainly be the case for the majority and for the average customer, as the insurance company has to add a margin for them to make a profit. However, it certainly would not be the case for all customers. What people pay for when they buy insurance, other legal requirements, is to protect themselves from a loss that they cannot afford, such as a written off car or a burnt down house, i.e. they give themselves the chance to be one of the few who gain more from insurance than they lose (its really just gambling on an event with long odds).

If you can afford to suffer the loss, then you do not really need the insurance and should probably avoid purchasing it. Certainly most people should avoid buying insurance on electrical goods at the point of sale. Those products are generally guaranteed for at least a year and will usually be relatively easy to replace if you are unlucky enough for them to go wrong out of warrantee. Or at worst you can go without TV for a while...
Most people will insure their homes though as not many can afford to rebuild if their house burns down!

Personally, I use Aviva quite often for home and car insurance. I actually find them to be very competitive on prices, and trust me, I know how to shop around. Furthermore, you can be sure to get could service if you have a claim and have been honest when taking out your policy. Also, if you buy through Quidco, you can get very good cashback on Aviva policies, such as £60 on a Car policy and £40 on Building and Contents.

[lake district canary 4,531]

Isn''t it a bit like prostitution and drugs?  Better  to be legal and controlled rather than illegal and uncontrolled.

[BroadstairsR 2,138]

Ever since times before BC, and long before any Conservative government, money-lenders have been with us.

 

Ever since times before BC, and long before Wonga and the like, money-lenders have been despised.

 

The need to borrow, like the poor, will always be with us.

 

Much more regulation is surely needed, but rather these companies than the back street sharks who used to (and in some cases still do) blight the poorer housing estates and areas of our big cities with their heavy handed methods of collection.

 

I would not want to be in a position of defending Wonga, but neither would I want to be in a position of being so desperate for financial help that I would need to resort to their services. The fact is that few of us are probably in a position to comment on the rights or wrongs of it all. To those who condemn I request an alternative, and one which doesn''t involve more hand-outs (and more taxes) and doesn''t include pushing the vulnerable towards crime.

 

I know little of Wonga''s methods save that if the original deal of what after all is instant cash without security is not adhered to then the interest rates become extortionate to the point of criminality. I do know a lot about cashing money from ATMs abroad whereby, if you are not watchful the costs become extortionate to the point of criminality. 

 

Buyer (borrower) beware.

[Juggy 0]

[quote user="BroadstairsR"]

To those who condemn I request an alternative, and one which doesn''t involve more hand-outs (and more taxes) and doesn''t include pushing the vulnerable towards crime.

[/quote]

I have an alternative. Make it easier for moderately-wealthy people to start their own simple savings banks which do nothing other than take desposits and lend that money back out to people. Like credit unions, but for profit.

The whole reason that we are in this mess is because banks leveraged their savings multiple times. A £1000 deposit into their bank might be lent out to people ten or even fifteen times. Banks loan out money that they don''t even have. 

A credit union loans out money which it actually has, doesn''t gamble with people savings on a stock market, and will manage to loan money at a competitive rate and then pay an interest rate to savers which far exceeds the 1% that banks are giving. 

There are lots of private individuals with money who would love to start small local banks, but they are put off by a system which puts up huge barriers to entry. To become a bank you have to give millions and millions of pounds to the FSA which they will keep hold of. That money is never used, it is just kept on account. I think the total cost of establishing a very small private bank would run at enough to buy a Championship football club. 

If a wealthy man decides that they want to open up a small local bank in South Shields to lend out £1 million on a small scale on one or two estates, they would be needing to pay several million quid to the FSA and another seven figure sum to another government department, it would take then decades to make back the money that they have given to the FSA as a bond. Contrast that to how easy it is to set up a credit union, which you could do pretty easily and without much money at all. 

The way to make companies like Wonga unnecessary is to make it easier for more ethical entrepreneurs to compete with them, especially on a local level. 

[plan b 0]

Surely if Cisse is serious about not wanting a name of a money lender on his shirt then I would have thought that the BARCLAYS Premier League is the wrong place for him. The last time I looked Barclays is written on every shirt sleeve of every club''s strip and I have an inkling that quite a large part of Barclays business model is lending money.

[Yellowbeagle 0]

[quote user="plan b"]Surely if Cisse is serious about not wanting a name of a money lender on his shirt then I would have thought that the BARCLAYS Premier League is the wrong place for him. The last time I looked Barclays is written on every shirt sleeve of every club''s strip and I have an inkling that quite a large part of Barclays business model is lending money.[/quote]

Not to mention the fact that last season Newcastle sponsors were Virgin Money. Maybe he thought it was a charity that handed out money to poor virgins.

[BroadstairsR 2,138]

[quote user="plan b"]Surely if Cisse is serious about not wanting a name of a money lender on his shirt then I would have thought that the BARCLAYS Premier League is the wrong place for him. The last time I looked Barclays is written on every shirt sleeve of every club''s strip and I have an inkling that quite a large part of Barclays business model is lending money.[/quote]

 

Exactly, but there is a need to be circumspect about Cisse''s stance as none of us is privy to the inner sanctums of his beliefs. However, life and life within professional football is not a cafeteria whereby you can walk along the line selecting the morsels that suit you.

 

Wonga sponsorship in football is surely the thin end of the wedge with regards to the financing of  the game. How deep does he bother to dig?

 

 

[BroadstairsR 2,138]

[quote user="plan b"]Surely if Cisse is serious about not wanting a name of a money lender on his shirt then I would have thought that the BARCLAYS Premier League is the wrong place for him. The last time I looked Barclays is written on every shirt sleeve of every club''s strip and I have an inkling that quite a large part of Barclays business model is lending money.[/quote]

 

Exactly, but there is a need to be circumspect about Cisse''s stance as none of us is privy to the inner sanctums of his beliefs. However, life and life within professional football is not a cafeteria whereby you can walk along the line selecting the morsels that suit you.

 

Wonga sponsorship in football is surely the thin end of the wedge with regards to the financing of  the game. How deep does he bother to dig?

 

 

[lappinitup 629]

[quote user="Yellowbeagle"]Not to mention the fact that last season Newcastle sponsors were Virgin Money. Maybe he thought it was a charity that handed out money to poor virgins.[/quote]LOL! [:D]

[Webbo118 0]

[quote user="plan b"]Surely if Cisse is serious about not wanting a name of a money lender on his shirt then I would have thought that the BARCLAYS Premier League is the wrong place for him. The last time I looked Barclays is written on every shirt sleeve of every club''s strip and I have an inkling that quite a large part of Barclays business model is lending money.[/quote]

 

But I think the point might be that there is lending and there is lending.

[Webbo118 0]

[quote user="Yellowbeagle"]

[quote user="plan b"]Surely if Cisse is serious about not wanting a name of a money lender on his shirt then I would have thought that the BARCLAYS Premier League is the wrong place for him. The last time I looked Barclays is written on every shirt sleeve of every club''s strip and I have an inkling that quite a large part of Barclays business model is lending money.[/quote]

Not to mention the fact that last season Newcastle sponsors were Virgin Money. Maybe he thought it was a charity that handed out money to poor virgins.

[/quote]

I think you could be in danger of verging on the ridiculous !

[BroadstairsR 2,138]

It''s not the lending Webbo, more the levying of interest that''s the mute point.

 

A few months ago I managed my own current account badly and unwittingly slipped into my overdraft facility for a few days. I cannot recall the interest rate charged, but it exceeded 20%. The bank? ........ Barclays sponsors of the Premiership. Newcastle play in the Premiership.

 

[Tommo 51]

Seeing as transfer odds are being mentioned quite a bit on the forum I see that we have all of a sudden entered the clubs linked and are at 16/1

[ReadingCanary 0]

Picture doing the rounds of Cisse gambling in a casino.Couldn''t make it up lol

[paul moy 235]

Yup, he''s not angling for a move by pretending to be devout is he ?This may not be him. The DM are lying as they always do !!! http://www.dailymail.co.uk/news/article-2374711/Muslim-footballer-Papiss-Cisse-refuses-wear-Newcastle-Wonga-shirt-pictured-GAMBLING-casino.html

[blahblahblah 2]

Without meaning to be a party pooper, when I paid my car insurance to aviva over 12 months, they charged me interest.

[Houston Canary 0]

Are you sure it was interest and not some kind of set fee?

99% success rate still being qustioned by me, op. If oddsmakers have us at 16-1, you should bet the house. You''ll win the entire neighborhood. Unless this is that rare 1% when he''s wrong.

[blahblahblah 2]

"Are you sure it was interest and not some kind of set fee? "

yep, there was an APR and everything. Nothing in Wongas'' league, obviously, but lending nonetheless.

[Houston Canary 0]

That''s interesting. So if you fall behind in your payments you can still file a claim and expect a playoff? I wouldn''t have thought insurance companies would go for that.

I learned something today. Thanks.

[The Masked Raccoon 0]

Ipswich dream of the playoffs [:P]

[judderman 0]

[quote user="blahblahblah"]Without meaning to be a party pooper, when I paid my car insurance to aviva over 12 months, they charged me interest.[/quote]But they also have schemes that abide by sharia law if people demand it.

[crabbycanary 2]

Is that correct Judderman? If so, in what way?

[Bryan Gunn 0]

Man of high morals that Papiss Cisse

http://m.bbc.co.uk/news/uk-england-tyne-23424012