My attitude to personal debt My attitude to personal debt

View Poll Results: What is your view on debt

Voters
55. You may not vote on this poll
  • Never have, never will have credit card, mortgage or overdraft

    7 12.73%
  • Never use a credit card, but a mortgage is unavoidable

    17 30.91%
  • I have a mortgage and use a credit card to get by

    21 38.18%
  • It would be difficult to imagine surviving without my credit card and overdraft

    2 3.64%
  • Over using credit cards etc has wrecked my fking life

    8 14.55%
Page 1 of 3 123 LastLast
Posts 1 to 10 of 26
  1. #1

    The beerded one

    EternalOptimist is NOT a disguised employee

    EternalOptimist's Avatar
    Join Date
    Jul 2005
    Location
    Castle Saburac
    Posts
    22,442

    Default My attitude to personal debt

    well ?



    (\__/)
    (>'.'<)
    ("")("") Born to Drink. Forced to Work

  2. #2

    Banned

    SandyDown has no reputation

    SandyDown's Avatar
    Join Date
    Jul 2005
    Posts
    2,106

    Default

    $hit happens - hopefully not too often hopefully.

  3. #3

    I live on CUK

    Old Greg is a fount of knowledge

    Old Greg's Avatar
    Join Date
    Mar 2007
    Location
    The Tombliboo Bush
    Posts
    21,825

    Default

    Quote Originally Posted by EternalOptimist View Post
    well ?



    Send round some Turkish gentlemen to rip his legs off if he doesn't pay.
    Quote Originally Posted by Bean
    I admit that I'm a lazy lying cretin, but so what?
    25 June 2018

  4. #4

    I Am Legend

    BrilloPad has reached the peak. Play again?


    Join Date
    Aug 2006
    Posts
    103,283

    Default

    Which is the andyw option?

  5. #5

    My post count is Majestic

    d000hg - scorchio!

    d000hg's Avatar
    Join Date
    Dec 2007
    Location
    My house
    Posts
    32,050

    Default

    You can save money by judicious use of credit. Taking out a mortgage when you can afford to pay 100% in cash means you can invest the money and potentially make a profit off it. Credit cards give you free purchase insurance and also can give you 1% or more cash-back.
    The rich can use credit to get richer. The poor feel they have to use credit to survive, and get poorer.

  6. #6

    Double Godlike!

    Spacecadet is a permanent contractor

    Spacecadet's Avatar
    Join Date
    Mar 2006
    Location
    Jupiter
    Posts
    12,413

    Default

    some purchases can only be made with a credit card.... and some services need a credit card for a guaruntee

    Credit cards are also handy when you open your wallet and realise that your debit card is still in the ******* house

  7. #7

    (_?_)

    HairyArsedBloke is good enough for Jehovah!

    HairyArsedBloke's Avatar
    Join Date
    Feb 2007
    Location
    Pining for the tropics
    Posts
    7,091

    Default

    Quote Originally Posted by Spacecadet View Post
    some purchases can only be made with a credit card.... and some services need a credit card for a guaruntee
    I've gone off debt big time, don't have any left and I won't have any again (not that anyone will allow me any).

    However, as you say, not having some sort of plastic makes transactions very difficult. For example, try buying a plane ticket with cash these days!! It's a good job I know what it's like up the
    How did this happen? Who's to blame? Well certainly there are those more responsible than others, and they will be held accountable, but again truth be told, if you're looking for the guilty, you need only look into a mirror.

    Follow me on Twitter - LinkedIn Profile - The HAB blog - New Blog: Mad Cameron
    Xeno points: +5 - Asperger rating: 36 - Paranoid Schizophrenic rating: 44%

    "We hang the petty thieves and appoint the great ones to high office" - Aesop

  8. #8

    Banned

    TykeMerc 's job has never been outsourced


    Join Date
    Jul 2008
    Location
    Atlantis
    Posts
    8,066

    Default

    There's no option for used to have lots of debt, now behave very differently.

    I now have several credit cards with sizable limits and zero balances. Cards are critical for some transactions to be done with minimal fuss and maximum protection.

  9. #9

    More fingers than teeth

    TimberWolf is too good to be a permie

    TimberWolf's Avatar
    Join Date
    Oct 2007
    Posts
    17,505

    Default

    I'm not tempted by credit cards as I can't be arsed keeping tabs on when to pay off the credit and I think you'd tend to spend more. Debit card work everywhere credit cards work in my experience. You don't get much protection on purchases but I've not needed that so far. For you big spenders, I expect they are useful though.

  10. #10

    Banned

    Cyberman has no reputation


    Join Date
    Apr 2007
    Location
    Berkshire
    Posts
    4,892

    Default

    I almost always use a credit-card, but pay it off every month and pay no interest. It's very useful because it is easy to see what outgoings actually are each month.

    Remember also, that if you pay by credit-card you get a guarantee(if over 100 pounds spent) that if goods are shoddy or services not forthcoming, you are allowed to claim a refund off of the card issuer. This has proved very useful for me in the past, and is far less hassle than chasing the seller.

    If you are abroad, credit cards are also very convenient for withdrawing foreign cash, and of course it is not a good idea to carry too much cash around with you. Exchange rates on credit-cards are also often superior. I specifically have a Nationwide credit-card because this has very low charges and no exchange rate loading.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •