Farepak

Nov. 12th, 2006 10:39 am
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[Sir Clive Thompson] said the bank rejected five proposed rescue packages between May and October

May to October seems like a bit of a long time to carry on taking people's money when you know you're in need of a rescue package…

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Date: 2007-06-26 01:49 am (UTC)
From: [identity profile] maximshaw.livejournal.com
It's OK; they were just little people.

How sad!

One of the worst bits is that the firm was treating people's money as "working capital", so it was being spent rather than being put aside to pay for the cost of the hampers. The hampers aren't particularly cheap (Park Group's prices are probably pretty similar), but putting a few pounds aside a week to pay for it is better than going to somewhere like Provident where you can borrow £500 and have to pay back £800.

Very well said!

January 2026

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