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Buy Now Pay Later & CC/Pay Day Loans Lifestyles |
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#76 |
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Forum Member
Join Date: Feb 2013
Posts: 8,722
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Quote:
The car industry would go bankrupt within weeks if people didn't use various credit schemes such as PCP deals and so forth as most people don't have 10-20k in cash readily available.
Cost of ownership can actually be cheaper with a a new car brought this way for various reasons. In fact it only really makes sense to buy a new car for cash if money is no object or you just intend to keep the car for 10 years or more. |
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#77 |
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Forum Member
Join Date: Jan 2011
Posts: 1,771
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Quote:
Buckfast.
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#78 |
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Inactive Member
Join Date: Dec 2016
Location: London
Posts: 247
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Quote:
Dream holidays are free.
It's the ones you go on that cost the money. ![]()
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#79 |
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Forum Member
Join Date: Feb 2014
Location: With MyAndy!
Posts: 15,178
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Quote:
Serious LOL
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#80 |
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Inactive Member
Join Date: Dec 2016
Location: London
Posts: 247
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With the new year just hours away, why not give yourself a new years resolutions, EG
Don't buy what you can't afford for cash, save monthly, prioritise your rent and utility payments and ditch that smart phone for a nice and simple mobile phone with PAYG Trust me, people managed without mobile 20 yrs ago, not everyone can afford a car, holiday or presents - so get your priorities sorted and within months you will strat nocting the rewards. My dad was telling me that when he was about 21 yrs old, live with his parents, he'd go out for walks and around the corner from where he lived were much nicer and bigger houses that had no one MB parked on a drive but a couple and BMW etc and he used to dream about buying one - gradually my mum and day through hard work spent wisely and saved and invested prudently and never paying any interest on any moeny other than their mortgage - now they have a nic 5 bed det house, Range Rover, MB/Eclss and Audi Q3 for mum and only debt they have is a small amount left on a buy-to-lat mortgage - all through hard work and being wise - BUT IT'S YOUR CHOICE SHOULD YOU DECIDE TO RUN BEFORE YOU CAN WALK. |
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#81 |
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Forum Member
Join Date: Jun 2012
Posts: 31,653
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People can manage now without a smartphone, they just don't have to so don't.
As usual, poking your nose and looking down it on other people. |
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#82 |
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Forum Member
Join Date: Apr 2005
Location: colchester
Posts: 15,350
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Ditch a smartphone for a basic payg.
You clearly have no appreciation of tariifs available. If were still living at home at the age of 39 (or is it earlier 40s) whichever one you decided on, I think I would be doing quite well financially, but I would clearly be lacking in a lot of experience of struggling hand to mouth. I would not lecture others about something I have little experience of. |
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#83 |
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Forum Member
Join Date: Feb 2011
Posts: 25,212
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Quote:
Including debt secured against capital assets (such as a house) does make those figures problematic if not totally irrelevant. Unsecured debt is another matter; and debt beyond an income (or capital) to repay it is yet another.
Credit card debts hit a record high last month as Britons used the plastic to fund shopping more than ever before, according to Bank of England figures. The unprecedented boom has been aided by credit card companies offering shoppers zero percent interest rates for periods of several years, in an intensely competitive race to win new customers. British households have £66.2bn of credit card debt outstanding, a level that rose by £571m in the month. Overall unsecured consumer credit grew by 10.5pc in the year to October, representing the strongest pace of growth since October 2005. |
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#84 |
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Forum Member
Join Date: Feb 2011
Posts: 25,212
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Quote:
With the new year just hours away, why not give yourself a new years resolutions, EG
Don't buy what you can't afford for cash, save monthly, prioritise your rent and utility payments and ditch that smart phone for a nice and simple mobile phone with PAYG Trust me, people managed without mobile 20 yrs ago, not everyone can afford a car, holiday or presents - so get your priorities sorted and within months you will strat nocting the rewards. My dad was telling me that when he was about 21 yrs old, live with his parents, he'd go out for walks and around the corner from where he lived were much nicer and bigger houses that had no one MB parked on a drive but a couple and BMW etc and he used to dream about buying one - gradually my mum and day through hard work spent wisely and saved and invested prudently and never paying any interest on any moeny other than their mortgage - now they have a nic 5 bed det house, Range Rover, MB/Eclss and Audi Q3 for mum and only debt they have is a small amount left on a buy-to-lat mortgage - all through hard work and being wise - BUT IT'S YOUR CHOICE SHOULD YOU DECIDE TO RUN BEFORE YOU CAN WALK. |
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#85 |
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Forum Member
Join Date: Oct 2009
Posts: 8,746
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Quote:
With the new year just hours away, why not give yourself a new years resolutions, EG
Don't buy what you can't afford for cash, save monthly, prioritise your rent and utility payments and ditch that smart phone for a nice and simple mobile phone with PAYG Trust me, people managed without mobile 20 yrs ago, not everyone can afford a car, holiday or presents - so get your priorities sorted and within months you will strat nocting the rewards. My dad was telling me that when he was about 21 yrs old, live with his parents, he'd go out for walks and around the corner from where he lived were much nicer and bigger houses that had no one MB parked on a drive but a couple and BMW etc and he used to dream about buying one - gradually my mum and day through hard work spent wisely and saved and invested prudently and never paying any interest on any moeny other than their mortgage - now they have a nic 5 bed det house, Range Rover, MB/Eclss and Audi Q3 for mum and only debt they have is a small amount left on a buy-to-lat mortgage - all through hard work and being wise - BUT IT'S YOUR CHOICE SHOULD YOU DECIDE TO RUN BEFORE YOU CAN WALK. I've never "strat nocted" anything in my life! How about learning to spell and type before you start issuing unsolicited financial advice to people who are probably considerably older, wiser and have greater experience of real life than you?
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#86 |
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Forum Member
Join Date: Aug 2016
Location: The North!
Posts: 2,197
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Quote:
With the new year just hours away, why not give yourself a new years resolutions, EG
Don't buy what you can't afford for cash, save monthly, prioritise your rent and utility payments and ditch that smart phone for a nice and simple mobile phone with PAYG Trust me, people managed without mobile 20 yrs ago, not everyone can afford a car, holiday or presents - so get your priorities sorted and within months you will strat nocting the rewards. My dad was telling me that when he was about 21 yrs old, live with his parents, he'd go out for walks and around the corner from where he lived were much nicer and bigger houses that had no one MB parked on a drive but a couple and BMW etc and he used to dream about buying one - gradually my mum and day through hard work spent wisely and saved and invested prudently and never paying any interest on any moeny other than their mortgage - now they have a nic 5 bed det house, Range Rover, MB/Eclss and Audi Q3 for mum and only debt they have is a small amount left on a buy-to-lat mortgage - all through hard work and being wise - BUT IT'S YOUR CHOICE SHOULD YOU DECIDE TO RUN BEFORE YOU CAN WALK. |
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#87 |
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Forum Member
Join Date: Mar 2003
Posts: 53,633
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It's entertaining that people are actually taking the OP seriously
![]() This character has been done before in GD - and done better as well. |
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#88 |
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Forum Member
Join Date: Oct 2009
Posts: 8,746
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Quote:
It's entertaining that people are actually taking the OP seriously
![]() This character has been done before in GD - and done better as well.
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#89 |
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Forum Member
Join Date: Oct 2000
Location: London
Posts: 41,694
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Quote:
Unsecured debt also reach its ever highest. https://www.google.co.uk/url?sa=t&rc...dhdkFSsnMckg1A.
Credit card debts hit a record high last month as Britons used the plastic to fund shopping more than ever before, according to Bank of England figures. The unprecedented boom has been aided by credit card companies offering shoppers zero percent interest rates for periods of several years, in an intensely competitive race to win new customers. British households have £66.2bn of credit card debt outstanding, a level that rose by £571m in the month. Overall unsecured consumer credit grew by 10.5pc in the year to October, representing the strongest pace of growth since October 2005. My credit card 'debt' no doubt shows as part of total credit card debt but in reality it is just evidence of an administrative convenience. Perhaps just a sign that less and less people use cash and cheques? Better evidence that unsecured debt has been increasing here; http://www.thisismoney.co.uk/money/c...k-England.html I blame low interest rates mainly. Edit 'The value of household savings – including deposits, savings and pensions' are somewhere north of £3000bn. (in fact they where £3,545 billion in 2014 last figures I could find). £66bn is a drop in that Ocean. |
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#90 |
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Forum Member
Join Date: Oct 2000
Location: London
Posts: 41,694
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Quote:
It's entertaining that people are actually taking the OP seriously
![]() This character has been done before in GD - and done better as well. |
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#91 |
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Forum Member
Join Date: Jun 2013
Posts: 30,185
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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 Pretend over-indulged and insecure middle aged children losers amuse me far more ![]() Quote:
Are we dealing with a PBU here then?
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#92 |
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Forum Member
Join Date: Apr 2013
Posts: 4,693
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Imagine being lectured to like this on a forum.
Indeed OP, what has the world come to.... |
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#93 |
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Forum Member
Join Date: Nov 2012
Posts: 9,175
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Quote:
The average total debt per household – including mortgages – was £55,855 in October.
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#94 |
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Forum Member
Join Date: Nov 2012
Posts: 9,175
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Quote:
In my opinion, many of those that are "educated" may have higher debts as they may have more expensive tastes or to keep up with their peers who are higher earners.
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#95 |
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Forum Member
Join Date: Sep 2014
Location: London
Posts: 6,347
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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 |
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#96 |
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Forum Member
Join Date: Feb 2014
Location: With MyAndy!
Posts: 15,178
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Quote:
What on earth? Bully for you. What do you mean by "losers in the lower social group" and where are you on this social ladder (according to you)? What a stupid thread OP. It's just a poor bashing effort and is in bad taste. Where would we all be without working class people who do all kinds of things to keep the country going? I wouldn't be surprised if you resent the sick and disabled who are unable to work too, you're the sort who would call the very sick or disabled "workshy".
To be honest, if I were pretending to be something I am not I wouldn't choose the persona the OP has picked. But it is really ironic that they are posting advice telling the "lower social classes" to walk before they can run and to stand on their own two feet and live on their means when they haven't even managed to leave home and stand on their own two feet! But it must be acceptable when "daddy" pays for everything |
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#97 |
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Forum Member
Join Date: Nov 2012
Posts: 9,175
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Quote:
Apparently to use a bit on your credit card and then pay it back regularly is GOOD for your credit history, so I can feel a bit better about the £200 I put on my credit card to get the PS4, but I'm likely now back in overdraft too!
When I remortgaged to pay off my ex, although my credit was fine, my score was low because I'd had so little credit. It meant that were a couple of lenders who wouldn't consider lending to me! |
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#98 |
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Forum Member
Join Date: Sep 2014
Location: London
Posts: 6,347
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Quote:
The OP comes across and writes like a young teen but other posts suggest they are in their 40's and live at home with their parents.
To be honest, if I were pretending to be something I am not I wouldn't choose the persona the OP has picked. But it is really ironic that they are posting advice telling the "lower social classes" to walk before they can run and to stand on their own two feet and live on their means when they haven't even managed to leave home and stand on their own two feet! But it must be acceptable when "daddy" pays for everything |
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#99 |
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Forum Member
Join Date: Nov 2012
Posts: 9,175
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Quote:
Strange that, as according to a u switch poll, the highest earners were most in debt.
They lose money through divorce or losing their jobs just as anyone else. They may also over estimate their worth/future earnings and borrow more which they struggle to pay back. Higher earners go bankrupt just as anyone else. My friend's husband has been bankrupt twice. The second time, he had a £100k a year salary but still managed to get hugely into debt by mismanaging two businesses he had in addition to his job, and by crazy spending (he took my friend on a really expensive trip to Dubai for her 40th when he owed creditors, including HMRC, hundreds of thousands). He managed to do a deal with his employer whereby he ceased being a director, but kept his job, and less than 5 years on he's been reinstated as a director, they've just bought a £750k house and he's started another business. |
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#100 |
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Forum Member
Join Date: Nov 2012
Posts: 9,175
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Quote:
WTF???
I've never "strat nocted" anything in my life! How about learning to spell and type before you start issuing unsolicited financial advice to people who are probably considerably older, wiser and have greater experience of real life than you? ![]() I also think FMs who can barely construct a sentence should think twice before they start using phrases like "sub educated" or whatever it was in one of the OP's early posts in this thread. It just makes them look ... a bit silly. |
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