Originally posted by Cyberman
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My attitude to personal debt
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Last edited by TimberWolf; 25 October 2008, 10:20. -
I use my CC mainly just for purchase protection. It gets "cleared" with every bill so I never have any interest payments.
Once or twice I've left a £100 on there but that is mostly so I can carry on min salary and divs every 6 months. Just pay it off when the next div comes.Comment
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Originally posted by Sockpuppet View PostI use my CC mainly just for purchase protection. It gets "cleared" with every bill so I never have any interest payments.Where are we going? And what’s with this hand basket?Comment
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I think its pretty clear that the OP was talking about credit cards vis-a-vis running up debt, rather than as a handy payment thingy.
(\__/)
(>'.'<)
("")("") Born to Drink. Forced to WorkComment
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Originally posted by TimberWolf View PostI thought bank charges (and exchange rates) tended to be less when using a debit card rather than a credit card in foreign ATMs?Comment
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Originally posted by Cyberman View PostTrue, and I also have a Nationwide debit card, but unfortunately many ATMs I have tried abroad only accept credit-card.
If it has a Visa sign then your Visa debit card will work. End of. I've never had a problem using a debit card anywhere.
Nationwide are good for using abroad for cash; no charges whatsoever (apart from margin of currency conversion).Cats are evil.Comment
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This is a worrying trend for those that build up credit card debts !!
http://business.timesonline.co.uk/to...cle5014781.ece
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Originally posted by Cyberman View PostThis is a worrying trend for those that build up credit card debts !!
http://business.timesonline.co.uk/to...cle5014781.ece
Oh no, let me think... aren't banks run by Capitalists - the kind of people the Conservative party seeks to protect?
I mean, it'd be OK if they were doing this to common people - but they're doing it to Telegraph and Mail readers! Talk about biting the hand that feeds you.
Oh, hang on, that should be "Talk about shafting those morons who were willing to swallow any old garbage we fed them as long as we needed them to accept it so we could make money out of them, but now times are hard, screw them - we can't even be arsed to try to con them into being on our side any more. We'll just take their stuff. Fsck 'em."
Thank God for people like Cyberman, who are willing to admit to their earlier idiocy and expose the Capitalists (and their Tory lickspittles) as a bunch of selfish chiselling weasels who have more concern for grabbing money for themselves than for helping to ensure the long-term stability of SocietyComment
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Originally posted by Cyberman View PostThis is a worrying trend for those that build up credit card debts !!
http://business.timesonline.co.uk/to...cle5014781.ece
There are people out there that are now living on their credit to survive redundancies, paying debts with their cards in the hope of avoiding repossession by extending the term of the debt.
Little do they know that the trap has been set by these Hyena'sConfusion is a natural state of beingComment
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Debt is debt, regardless of whether it's initially said to be secured or unsecured. Credit card/unsecured loan companies using courts to try to get their money back when it goes tits up shouldn't be a suprise at all.
Maybe the people using credit cards to live off are too desperate to care, but they must know that at some point it'll need paying back, or they risk losing whatever assets they own.
It all boils down to people living beyond their means. Even as contractors you should be aware that you need to save for a rainy day, there's no guarantees the gravy train won't derail at some point.
It used to be the norm for people to save up to buy stuff, now they are offered/landed with debt as soon as they leave school (student loans), so it's inevitable people's thinking will change and the stigma associated with debt has long gone.
Naturally the loan sharks (as all loan companies are when it comes down to it) are there to exploit the situation.Feist - 1234. One camera, one take, no editing. Superb. How they did it
Feist - I Feel It All
Feist - The Bad In Each Other (Later With Jools Holland)Comment
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