Britons in debt to the tune of £1.13 trillion
03-01-2006, 12:37
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#1
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Guest
Location: Cambridge
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Britons in debt to the tune of £1.13 trillion
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"An individual with serious debts will typically have a mortgage in the region of £50,000 to £100,00 0 and commonly credit and store card debts of £50,000 . While this may sound like a warning call to stay away from the high street, the fact remains that we regularly see people, especially over Christmas, add to their problems in quite a substantial way."
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Same Ol' story, only this time the amount is a lot larger than previous years, amazing. !!!
The Independent
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03-01-2006, 13:09
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#2
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cf.mega poster
Join Date: Sep 2003
Posts: 12,050
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Re: Britons in debt to the tune of £1.13 trillion
this country's economy is fuelled by credit.
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03-01-2006, 13:14
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#3
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Hello !
Join Date: Mar 2004
Location: Somewhere
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Re: Britons in debt to the tune of £1.13 trillion
I am avoiding all store cards, credit cards, and any other type of credit cards.
They only lead to more spending of money you dont have so if people steered clear of them, I'm sure we'd all be better off.
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03-01-2006, 14:04
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#4
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Inactive
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Re: Britons in debt to the tune of £1.13 trillion
Credit cards are really an essential for the extra protection they can give when making purchases. You just have to be intelligent with their use and make sure that you only use them to make purches where you know you can repay the full amount by the due date.
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03-01-2006, 14:26
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#5
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Remoaner
Cable Forum Mod
Join Date: Mar 2004
Posts: 33,034
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Re: Britons in debt to the tune of £1.13 trillion
Credit Cards are useful, accepted more places, offer protection, and so on. I just use it then pay it off ever week.
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03-01-2006, 14:28
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#6
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Inactive
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Location: Punmeister Towers
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Re: Britons in debt to the tune of £1.13 trillion
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Originally Posted by Damien
Credit Cards are useful, accepted more places, offer protection, and so on. I just use it then pay it off ever week.
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 Every week!!?? Who's your card with - 'Pay Up or the Kitten Gets it Bank'?
You might want to get one that you can just pay monthly  
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03-01-2006, 14:28
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#7
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cf.mega poster
Join Date: Jun 2003
Location: Half in the corporeal, half in the etheral
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Re: Britons in debt to the tune of £1.13 trillion
That figure would be halved is clarie hadn't taken out that credit card just before Christmas.... 
__________________
Heavy Is The Crown
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03-01-2006, 14:30
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#8
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Remoaner
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Re: Britons in debt to the tune of £1.13 trillion
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Originally Posted by Nugget
Every week!!?? Who's your card with - 'Pay Up or the Kitten Gets it Bank'?
You might want to get one that you can just pay monthly |
I dont have to, but i bank online and its easy so why not
Plus they still havent given Kitty back
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03-01-2006, 14:31
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#9
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Inactive
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Re: Britons in debt to the tune of £1.13 trillion
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Originally Posted by Russ D
That figure would be halved is clarie hadn't taken out that credit card just before Christmas.... |
Yeah, but if it was clarie getting it, it's just 'cos she wanted to ... (wait for it) ... trump you in the amount of money spent on pressies 
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03-01-2006, 14:32
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#10
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cf.mega poster
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Re: Britons in debt to the tune of £1.13 trillion
You're evil.
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Heavy Is The Crown
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03-01-2006, 14:33
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#11
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Inactive
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Re: Britons in debt to the tune of £1.13 trillion
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Originally Posted by Russ D
You're evil.
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Truth hurts (as do the sinuses, if what you've told us is to be believed  )
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03-01-2006, 14:34
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#12
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Remoaner
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Posts: 33,034
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Re: Britons in debt to the tune of £1.13 trillion
Its because of the leprechaun! the evil evil leprechaun!
Wheres Nugget's ralph
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03-01-2006, 14:37
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#13
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Inactive
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Re: Britons in debt to the tune of £1.13 trillion
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Originally Posted by Damien
Its because of the leprechaun! the evil evil leprechaun!
Wheres Nugget's ralph
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Oh alright then - seeing as it's it's the New Year
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03-01-2006, 14:51
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#14
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Remoaner
Cable Forum Mod
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Re: Britons in debt to the tune of £1.13 trillion
Thats better, order is restored
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03-01-2006, 17:51
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#15
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Guest
Location: Sutton in Ashfield.
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Re: Britons in debt to the tune of £1.13 trillion
We will get to a situation where there will be no cash left in the ecomomy, it will all be swallowed up by the plastic spending culture the UK has become. With so many credit cards on the market people use one to pay the other one off, people also draw cash on them to pay their other credit card bills, thats the spiral into debt.
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