cancelled thomas cook

[Burgmeister]

Originally Posted by DJA_PH

Just signed up after raising a similar topic on another site. We fly in 4 weeks today and are a little nervous.

Watching with interest.

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I think you will be fine. I reckon they will at least see out the summer. Personally, I wouldn't book with them if I were booking a new holiday but that would be my choice.

[duchy]

Some people are good at "borrowing" from savings and prefer it out of reach. Personally I think buying premium bonds each month is a better way than direct debit in those situations as you may get something for your money

[QUOTE=metalguru;13855194]

Originally Posted by Claudette

Your clarity over the savings account interest rate is not relevant. It is still a savings account, there is no credit risk to the lending institution no matter what the interest rate is. So as I say, I was puzzled why you think some people cannot get a savings account. Banks like to hold savings as it increases their capacity to lend and make money.[/QUOTE

The person was saying to put money in a higher earning savings account instead of paying their holiday by DD. If you can only get a basic bank account, one that doesn't allow an overdraft facility because you have a bad credit rating then you won't get a higher interest savings account. My reply was aimed at showing some folk use DD to pay for their holiday. As I said some folk can't get credit cards or higher interest savings accounts. Somone on here is more obsessed with implying thst these people are stupid. They are not.

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[metalguru]

Originally Posted by Claudette

I take it that wasn’t to me?

Metal guru, sort your quoting out, it has a knock on effect.

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The person knows who they are. It wasn't you. Every point I've made is correct. But they have gone all out to try to prove a point. They intimated that you must be daft to pay by direct debit. I just pointed out it may be the best or only way for some folk to do that. Working in the industry I do. I know a lot about how bad credit ratings exclude people from the best deals on savings and if they do have a slim to nil chance of a credit card, the high interest and low credit limit applied. Also some people are not finance savvy and direct debit could be an easy way to save for a 'luxury holiday'. At no time have I implied it's the best way to pay for a holiday. Unfortunately for some it me be the only way.

[duchy]

Originally Posted by Burgmeister

I think you will be fine. I reckon they will at least see out the summer. Personally, I wouldn't book with them if I were booking a new holiday but that would be my choice.

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This time of year tends to be when holiday companies crash as it's the worst time of year for liquidity .

[Jillzo]

I'm not getting into a debate on here whether paying DD for a holiday is right or wrong, everyone makes their own choices! But I'm paying for my holiday with TC by DD as its interest free! So for me it works best!

[swiper]

Well I’ve booked some flights with them for early next year.
I would like to think all will be well with them, and happy to keep my booking.
Worst case scenario, claim back off CC and re book.

But I do hope they carry on as the less operators-the more expensive flights/holidays will become.

[itsmeGAV]

Originally Posted by Sew109

I have implied that I think that paying direct debit for something that you do not have to, so that the company can gain the interest on YOUR money is daft and it is.

At no point have I implied that people who cant get credit are stupid as a self employed person I know the pitfalls.

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I'm pretty sure you don't pay interest on the direct debit option as you're not 'borrowing' any money.

[metalguru]

[QUOTE=itsmeGAV;13855315]

Originally Posted by Sew109

I'm pretty sure you don't pay interest on the direct debit option as you're not 'borrowing' any money.

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That's not my qoute. I haven't said anything about paying interest. It was the one that's interested in how people pay for their holiday, you've made it look like mine.

[itsmeGAV]

Originally Posted by metalguru

That's not my quote, you've made it look like mine.

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I didn't even spot that, fixed it..

Easy mistake to make seeing as someone previously quoted incorrectly.

[metalguru]

Originally Posted by itsmeGAV

I didn't even spot that, fixed it..

Easy mistake to make seeing as someone previously quoted incorrectly.

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No problem. I was just initially pointing out why some people might have to pay by direct debit. Or simply just prefer it as you have said.