I believe the profit for the bank comes from defaulters. It won't actually cost them anything overall because otherwise they wouldn't do it. They may 'lose' if someone pays it off but I should imagine a 'healthy' number of punters will struggle to repay the full amount in the time given. I presume the interest rate racks up after month 21 and, probably, all deferred interest is then added to the loan?I bought the new iphone this week as they were offering a zero interest loan to pay it off. £69 up front, £46.50 a month for 20 months, through Barclays.
How are Barclays making any money from this? Are Apple paying them a fee or are they just mopping up money on interest from the people that default?
Obviously loaning out this amount will actually cost them, as they won't get the interest on the money.
On paper the RYZEN 3 will be cheaper and better across most if not all variants.Going to buy my 12 year old son a laptop for christmas for him to do his school work on. Looking to spend around £400. Should I go for an Intel i3 or AMD Ryzen 3?
I visit London quite often for football and I find by far the easiest/ cheapest way round is to use a contactless card as you go through the barriers, TFL then just charge you the appropriate amount for whatever journeys you make and cap it at the maximum daily charge so you never pay too much.I'm taking the family to London in a couple of weeks for a few days, we will be using the tube to travel form Chiswick to St Pauls and Victoria (in that order) then from Victoria to Chiswick. Can anyone help me or point me to a site that tells me the best/easiest way to buy tickets and what type of tickets I need. Last time I was in London was when I was about 6 years old so I haven't a clue.