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Buy Now Pay Later & CC/Pay Day Loans Lifestyles
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Princessxxxx
31-12-2016
Originally Posted by Richard46:
“As I said unsecured debt is a different matter. I would question though whether credit card debt can be really be equated with true unsecured debt. For instance if every adult in the country had the same amount as myself on cards over Christmas then there would be a lot more 'credit card debt' than £66 bn. However I like many others who use credit cards for the sake of convenience and security have many times the cash in savings to pay these balances off completely monthly; as indeed I have done for the last 40 years.
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.”

Thank you, excellent contributions

HNY
elliecat
31-12-2016
Never judge someone unless you have walked in their shoes. There are many reasons people are in debt and your example is only one of them. Many people do not choose to be in debt. I'm in debt but I'm educated, have a degree, come from an upper middle class family but my husband lost his job last year and unless we wanted to miss mortgage payments and lose our house we had to take out a loan to get by as my salary was not enough to cover the £1500 bills but was enough to cover the extra £100 of a loan payment.

Until you have been there OP you will never understand what it's like and will keep making judgemental posts.
Richard46
31-12-2016
Originally Posted by elliecat:
“Never judge someone unless you have walked in their shoes. There are many reasons people are in debt and your example is only one of them. Many people do not choose to be in debt. I'm in debt but I'm educated, have a degree, come from an upper middle class family but my husband lost his job last year and unless we wanted to miss mortgage payments and lose our house we had to take out a loan to get by as my salary was not enough to cover the £1500 bills but was enough to cover the extra £100 of a loan payment.

Until you have been there OP you will never understand what it's like and will keep making judgemental posts.”

I hope next year brings better luck to you & yours.
tealady
31-12-2016
Originally Posted by LakieLady:
“I'm surprised it's as low as that, given the size of the mortgages people have these days.”

Don't forget the divisor includes those who rent, pensioners and middle aged people who have paid theirs off.
Lushness
31-12-2016
The OP reminds me of the humble Lucian Deville; now he was really good at this sort of stuff on here.
Princessxxxx
01-01-2017
I guess many people will sit down later this afternoon and log in to their banking details with antitcipation to look at what the xmas and new year has cost them.

Anyway, if you have sspent too much, make sure you pay it off straight away and not be lumbered with large repayments
MoFoHo
01-01-2017
Originally Posted by Princessxxxx:
“I guess many people will sit down later this afternoon and log in to their banking details with antitcipation to look at what the xmas and new year has cost them.

Anyway, if you have sspent too much, make sure you pay it off straight away and not be lumbered with large repayments”

Antitcipation? Sounds kinky...

Anyways, such a caring attitude for the rest of us. Bless.
How many fans do you have now..?
BelfastGuy125
01-01-2017
Originally Posted by Princessxxxx:
“I guess many people will sit down later this afternoon and log in to their banking details with antitcipation to look at what the xmas and new year has cost them.

Anyway, if you have sspent too much, make sure you pay it off straight away and not be lumbered with large repayments”

Awk go do one!
Moany Liza
01-01-2017
Originally Posted by Princessxxxx:
“I guess many people will sit down later this afternoon and log in to their banking details with antitcipation to look at what the xmas and new year has cost them.

Anyway, if you have sspent too much, make sure you pay it off straight away and not be lumbered with large repayments”

You do seem to have a rather unhealthy obsession with talking about money and lecturing others on how to manage theirs.

It's really rather coarse and vulgar, as well as making it appear that in all probability you don't actually have any.
pugamo
01-01-2017
I imagine most people will not be logging into online banking today as it is New Years Day. They will probably be eating dinner together, watching films in front of the fire, playing board games, dying of hangovers etc.

Best of luck to anyone paying off payday loans and I hope your January won't be too tight (I didn't take one out but will be pinching the pennies for the next 4 weeks too)
Cat-
01-01-2017
Originally Posted by elliecat:
“Never judge someone unless you have walked in their shoes. There are many reasons people are in debt and your example is only one of them. Many people do not choose to be in debt. I'm in debt but I'm educated, have a degree, come from an upper middle class family but my husband lost his job last year and unless we wanted to miss mortgage payments and lose our house we had to take out a loan to get by as my salary was not enough to cover the £1500 bills but was enough to cover the extra £100 of a loan payment.

Until you have been there OP you will never understand what it's like and will keep making judgemental posts.”

Good advice elliecat. Nobody has the right to make snap judgements on people's lifestyles and question why they are in debt. You just never know when life will throw a curve ball and completely change your circumstances.
francie
01-01-2017
Originally Posted by BelfastGuy125:
“Awk go do one!”

Post of the Day.
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