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Originally Posted by towny
Kronas - a friend of mine with teenage children used to have a sign in her kitchen:
NOTICE TO TEENAGERS:
Quick! Leave home, get a job and start paying bills, while you still know everything!
Life is not nearly as easy as you seem to think.
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trust me i know life is not easy
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Originally Posted by Incognitas
I had a CC once.After my husband wouldn't stop spending on the damned thing ,he was away with the navy and bored and still hadn't learned to do without my salary when I stopped to start our family,and we had debts of £3000 because as soon as we reached our limit they kept upping the damned credit limit.
Eventually we had to go see our bank manager(Barclays and a humiliating experience) who made us cut up our cards and then tried to give us a loan(with even more interest to pay). We said no thanks and decided to cash in an insurance policy instead.
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this is a case i was more talking about where you spend spend spend and then you are in debt because you kept on getting the damn credit card out and using it
then the bank wants to sell you a loan on high interest
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Originally Posted by Nemesis
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Kronas, you're young and seem to view the world as a place full of nice people who will look after your interests, and that you can ultimately make all the right decisions. Be careful, this is NOT the case, situations and events have a way of creeping up on you and overtaking you.
This is in no way disrespecting you, it's just the rest of us have the benefit of hindsight, and some worldly experience.
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i know you can get in to debt by owning your own home or mortgage food bills etc
but thats why you look for a job which pays well and if you need to rent a flat pay the bills its alot cheaper that dependant on your earnings you have to do the maths
if you read my previous posts i never meant to say that people deserve debt who are honest and dont buy luxuries but not every single person out there is in debt because of the above that many have mentioned in previous posts im talking about buying electrical appliances or expensive home improvements
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Originally Posted by Stuart W
I would agree with the majority posted so far, the first post is obviously from a young debt-free person. Oh, and I also noticed that you seem to think you can get a credit card with a low limint. Odd. In my expirience, the credit limit will go up and up regardless of your instructions.
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if that is the case and if i instruct the bank to not raise the limit but they do then there is no point in getting one
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Originally Posted by Stuart W
REMEMBER the banks want a few people in debt, it's where they get their money!
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there will always be people in debt