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Originally Posted by Scarlett
I assume then that you don't currently have a card then. I agree that its easy to get credit at a bad interest rate but generally thats all that's availible (I know that when I've tried to get a decent loan (i.e. 6/7 %) I get refused because I'm not married (yet) didn't own a house (which I do now) and had moved around a lot due to Uni and rental agreements being 6 months only.)
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yes but looking at it the point i was making is some people takeup the loans from the compaines set up to consolidate your debts in to one loan its a con really would you accept 15% from them think about how much you have to pay back on a £26k loan
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Originally Posted by Scarlett
It's easy to say that you won't over spend etc. but until you have that card in you hands then you probably won't know exactly what its like to have the ability to have the new DVD/CD/game each week.
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i do infact i have become very much more habitual in spending money wisely
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Originally Posted by Scarlett
I agree that having a low credit limit is a good idea but I intend to have 2 cards once I've sorted ourselves out. one will have £100-200 limit and be for those nice little items that you want and the other will be £2000 or so for the white goods that we want as you get some major protection by using a CC that you don't get any other way. (Which is why I wasn't worried when powerhouse when into receivership about 2 weeks after I'd paid for, but not received, a new fridge.)
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yes you see looking at if you were to buy items such as a fridge or washing machine that are essential to your everyday needs then maybe saving up for it is alot better then swipeing the card you are then not tempted in the future to spend
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Originally Posted by Scarlett
I don't quite see where this comes from. Nobody deserves to be debt ridden and certainly taking someones house away from them Will not solve the problem. (It will compound it though)
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if you cant be compitent with money then you do deserve to be in a hole it is your fault i have no pity in these circumstances
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Originally Posted by Scarlett
How about us graduates ? If the Labour party has it's way with tuition fee's it will leave a generartion with more debt when they leave university than they are likely to earn in there first year of work. I left with about 6K of debt and my other half was about the same. since then we've paid some of that off but gained some more. However, being in debt is acceptable in todays society and it will remian that way until a large number of people come of worse and end up backrupt. and even then it will still be acceptable but more people will try to avoid it.
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you find a job part time and you pay it off bit by bit as well as going to UNI and if you struggle too much ask you parents for a little help
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Originally Posted by Scarlett
BTW, did you learn about budgeting and sensible control of you money in school ? I know I didn't.
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nope i learned control compitence and not to be greedy i have put this in to excercise with great affect more about this later
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Originally Posted by deedee
Having been there & done that & struggled like hell to get myself out of the nasty cycle of more credit to pay off credit, I think the view of people deserving what they get & not being able to control themselves is a rather narrow one.
I, like may other many others (though admittedly not all), had to borrow just to make ends meet. At the time, I took the cheapest (& scuttiest) flat available, but due to shockingly low wages needed to borrow to top up my income. I did not spend on "luxury" items that I did not need, rather food, essential bills & occasinally a bit for my rent.
It has taken many, many years to pay (most of) this back & now, due to a better paid job & a well paid partner, I have the luxury of not needing credit cards or loans, instead I spend cash or use my debit card so that I can only spend what I have!
I feel that when you have a little more life experience under your belt your generalised oulook that people deserve to lose their homes due to borrowing too much may alter (I would at least hope it would). It is a truly frightening experience which I would not wish on anyone.
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and as you have blatently missed my point of the initial post i will explain
the program was rather talking about people who spend there money on luxury goods if its for a mortgage house then getting in to debt is easy but i was not mentioning anything related to buying food or essential items
so thank you very much to whoever gave me a negative rep
