|
||||||||
Buy Now Pay Later & CC/Pay Day Loans Lifestyles |
![]() |
|
|
Thread Tools | Search this Thread |
|
|
#1 |
|
Inactive Member
Join Date: Dec 2016
Location: London
Posts: 247
|
Buy Now Pay Later & CC/Pay Day Loans Lifestyles
Watching a new item, never fails to amaze me especially over the Xmas, new year hols the number of people that can ill afford presents, parties spend on the credit cards, pay day outfits, etc, etc.
The vast majority of the time, these losers are in the lower social group and generally say, " my Jonny isn't going with ... as it's Chrizmas.." Then you get the lot buying sofas, "buy now, pay later,2 and the "later" soon catches up. In my judgement schools must educate the weak minded that one should try to run before they can walk and like most hard working, educated people, save up before you buy unless it's a property or business and in that case, most people will need a mortgage for their first property at least My cars, dad's cars all bought for cash - my first car, bought for cash. I too wanted a new mercedes clk and loan, but my parents gave me a good tongue lashing and not looked back since Ask yourself this, why buy a tv costs 800 quid and repay 2500?? I rest my case https://www.ifs.org.uk/publications/3158 |
|
|
|
|
Please sign in or register to remove this advertisement.
|
|
|
#2 |
|
Forum Member
Join Date: Feb 2014
Location: With MyAndy!
Posts: 15,178
|
What was your case? Actually can you just clarify the point of your thread? What exactly are you wanting people to discuss?
Thank god daddy wouldn't let you have such a powerful car as you would likely kill yourself trying to drive it |
|
|
|
|
|
#3 |
|
Forum Member
Join Date: Jul 2013
Posts: 2,456
|
You say the lower social group type, lesser educated and weak minded etc etc
what a load of tosh My Brothers a PhD Doctor in a high flying career yet.....he got himself caught up in all this buy now pay later mess and financing things etc etc It happens too anyone Granted my Brother was living this way (buying stupidly) during his build up to where he is now, and is on the path too correcting his financial position and appears to have learned a lesson (fingers crossed) |
|
|
|
|
|
#4 |
|
Inactive Member
Join Date: Dec 2016
Location: London
Posts: 247
|
Quote:
You say the lower social group type, lesser educated and weak minded etc etc
what a load of tosh My Brothers a PhD Doctor in a high flying career yet.....he got himself caught up in all this buy now pay later mess and financing things etc etc It happens too anyone Granted my Brother was living this way (buying stupidly) during his build up to where he is now, and is on the path too correcting his financial position and appears to have learned a lesson (fingers crossed) You will agree that the vast majority of people that spend on the never never and have difficulties repaying are on the lower social scale and that remains a fact. |
|
|
|
|
|
#5 |
|
Forum Member
Join Date: Apr 2005
Location: colchester
Posts: 15,350
|
Right. Your Daddy bought a new Range Rover for cash but can't afford the insurance excess for paintwork damage. Of course.
Do these 'losers' still live at home with their mum and dad when in their 40s? |
|
|
|
|
|
#6 |
|
Forum Member
Join Date: Oct 2016
Posts: 12
|
To much Prosecco.
|
|
|
|
|
|
#7 |
|
Forum Member
Join Date: Jul 2013
Posts: 2,456
|
Quote:
Read my post again and you will see that you have posted the "tosh."
You will agree that the vast majority of people that spend on the never never and have difficulties repaying are on the lower social scale and that remains a fact.
|
|
|
|
|
|
#8 |
|
Forum Member
Join Date: Mar 2009
Posts: 20,674
|
Quote:
To much Prosecco.
|
|
|
|
|
|
#9 |
|
Forum Member
Join Date: Apr 2005
Location: colchester
Posts: 15,350
|
Quote:
Too much Prosecco.
|
|
|
|
|
|
#10 |
|
Inactive Member
Join Date: Dec 2016
Location: London
Posts: 247
|
Quote:
Present me with the facts then please?
![]() ![]() ![]() https://www.ifs.org.uk/publications/3158 ![]() ![]()
|
|
|
|
|
|
#11 |
|
Forum Member
Join Date: Feb 2011
Location: Liverpool/sarf London.
Posts: 11,740
|
Greg....is that you?
|
|
|
|
|
|
#12 |
|
Forum Member
Join Date: Mar 2009
Posts: 20,674
|
Quote:
Greg....is that you?
|
|
|
|
|
|
#13 |
|
Forum Member
Join Date: Oct 2009
Posts: 8,746
|
Quote:
Watching a new item, never fails to amaze me especially over the Xmas, new year hols the number of people that can ill afford presents, parties spend on the credit cards, pay day outfits, etc, etc.
The vast majority of the time, these losers are in the lower social group and generally say, " my Jonny isn't going with ... as it's Chrizmas.." Then you get the lot buying sofas, "buy now, pay later,2 and the "later" soon catches up. In my judgement schools must educate the weak minded that one should try to run before they can walk and like most hard working, educated people, save up before you buy unless it's a property or business and in that case, most people will need a mortgage for their first property at least My cars, dad's cars all bought for cash - my first car, bought for cash. I too wanted a new mercedes clk and loan, but my parents gave me a good tongue lashing and not looked back since Ask yourself this, why buy a tv costs 800 quid and repay 2500?? I rest my case https://www.ifs.org.uk/publications/3158
|
|
|
|
|
|
#14 |
|
Forum Member
Join Date: Jan 2008
Posts: 15,016
|
Quote:
like most hard working, educated people, save up before you buy unless it's a property or business and in that case, most people will need a mortgage for their first property at leasthttps://www.ifs.org.uk/publications/3158
They may use it successfully, i.e. only putting on what they can afford to repay and repaying it quickly, and not getting into trouble with it or relying on dodgy pay-day loans, but they'll still use it. |
|
|
|
|
|
#15 |
|
Inactive Member
Join Date: Dec 2016
Location: London
Posts: 247
|
Quote:
Sorry, but most hard working educated people will still make use of credit - it's just the way the financial world is now.
They may use it successfully, i.e. only putting on what they can afford to repay and repaying it quickly, and not getting into trouble with it or relying on dodgy pay-day loans, but they'll still use it.
|
|
|
|
|
|
#16 |
|
Forum Member
Join Date: Jul 2004
Posts: 367
|
Credit is not bad. Bad Credit is bad.
|
|
|
|
|
|
#17 |
|
Forum Member
Join Date: Apr 2007
Posts: 6,940
|
people love it because its survival of the fittest. But, really they should be outlawed- these loans.
|
|
|
|
|
|
#18 |
|
Inactive Member
Join Date: Dec 2016
Location: London
Posts: 247
|
Quote:
people love it because its survival of the fittest. But, really they should be outlawed- these loans.
If it was "outlawed" you'd get black market loans and these loan sharks prey on the communities low income, sub educational groups who are already in dire straights Me and my family always use credit cards, unless there is a fee then we use debit cards, bank transfers or cash. We have never paid the credit card companies a penny in interest but use to our advantage. The credit cards carry extra protection against fraud, outlet going under and a few more things plus rewards/discounts etc, used wisely its your friend |
|
|
|
|
|
#19 |
|
Forum Member
Join Date: Oct 2009
Posts: 8,746
|
Quote:
If it was "outlawed" you'd get black market loans and these loan sharks prey on the communities low income, sub educational groups who are already in dire straights
Me and my family always use credit cards, unless there is a fee then we use debit cards, bank transfers or cash. We have never paid the credit card companies a penny in interest but use to our advantage. The credit cards carry extra protection against fraud, outlet going under and a few more things plus rewards/discounts etc, used wisely its your friend Just saying...
|
|
|
|
|
|
#20 |
|
Inactive Member
Join Date: Dec 2016
Location: London
Posts: 247
|
Quote:
Straits.
Just saying... ![]() Thanks love. It's the content that counts! HNY ![]()
|
|
|
|
|
|
#21 |
|
Forum Member
Join Date: Apr 2005
Location: colchester
Posts: 15,350
|
Quote:
Straits.
Just saying... ![]() Yeah sing about the sixblade sing about the switchback and a torture tattoo And I been riding on a ghost train where the cars they scream and slam And I don't know where I'll be tonight but I'd always tell you where I am |
|
|
|
|
|
#22 |
|
Forum Member
Join Date: Oct 2016
Posts: 12
|
That's from 2004.
|
|
|
|
|
|
#23 |
|
Forum Member
Join Date: Apr 2005
Location: colchester
Posts: 15,350
|
Quote:
That's from 2004.
|
|
|
|
|
|
#24 |
|
Forum Member
Join Date: Oct 2009
Posts: 8,746
|
Quote:
Thanks love.
It's the content that counts! HNY ![]() ![]() Unless of course you were referring to "straight" sequences in cards, for example.... or the non-curved parts of a racing circuit.
|
|
|
|
|
|
#25 |
|
Inactive Member
Join Date: Dec 2016
Location: London
Posts: 247
|
Quote:
Hmmm... it's actually the context that matters - otherwise the content is rather meaningless.
Unless of course you were referring to "straight" sequences in cards, for example.... or the non-curved parts of a racing circuit. ![]() ![]() ![]() ![]()
|
|
|
|
![]() |
|
All times are GMT. The time now is 18:35.




