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Owners handing in the keys
Comments
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Soa= statement of affairs. It`s a complete breakdown of personal expenditure. The idea is to see if there is any disposable income with which to service the debt. Not very exciting or indeed rocket science but it is most prudent. The great thing is that if borrowers keep up the repayment plan then they end up paying typically a few pound in interest.
Alongside this, we do encourage thrift, and the regular deposit of small amounts, maybe just a couple of pound at a time. I take great pleasure in all of this as it satisfies my revulsion at the way main stream lenders have conducted themselves over the last decade or so. That`s to say nothing of sticking one up the sub prime doorstep lenders that might well charge low income households 10 times the amount of interest that we do.0 -
SOAs are 10 a penny over on the DFW Board. It's the starting point here for helping overspenders see where they can cut back.
Most SOAs start off with full Sky packages, car loans and spending £300/month on food for two adults. Not to mention a smattering of pricey gym memberships, two cars and a holiday.
Here: http://forums.moneysavingexpert.com/forumdisplay.html?f=760 -
PasturesNew wrote: »SOAs are 10 a penny over on the DFW Board. It's the starting point here for helping overspenders see where they can cut back.
Most SOAs start off with full Sky packages, car loans and spending £300/month on food for two adults. Not to mention a smattering of pricey gym memberships, two cars and a holiday.
Here: http://forums.moneysavingexpert.com/forumdisplay.html?f=76
Even better, they always insist that they can't give up the Sky telly.
I wonder what the next few years hold for Sky ... have heard anecdotally that they have been making job cuts. If you think about it, a years discretionary spending on Sky TV would pay a large part of a typical month's mortgage.--
Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.0 -
I don't visit the DFW board that often, but I do have some sympathy for many of them who are making genuine attempts to get out of debt. However, there are quite a few who resent the fact that they should have to pay their debts back. There was some guy on the Bankruptcy Forum (last week) asking how he could keep his Holiday home!Need some advice from someone who has maybe done this already. I am soon to be made bankrupt and would like to know how I can keep a foreign property? Is it possible to just not tell them about it try and put away some money to cover mortgage until everything dies down!!
http://forums.moneysavingexpert.com/showthread.html?t=12836630 -
wintersunshine wrote: »and here he is again - the big cheese - mocking people who have fallen on hard times...
Here you are, mocking him, but without really listening to his message. People are saying that they are broke, but apparently they are not able to see that certain expenditure like Sky is a luxury that is not really an indispensable part of living. My family manage really quite nicely without Sky.No reliance should be placed on the above! Absolutely none, do you hear?0 -
I've never seen Sky yet. I don't have it and I have never known anybody that had it.
Therefore, you don't die if you don't have it.0 -
The original joke went like this.PasturesNew wrote: »I've never seen Sky yet. I don't have it and I have never known anybody that had it.
Therefore, you don't die if you don't have it.
Q. What's the little grey box called on the back of a satellite dish?
A. A council house.
It needs updating.
Q. What's the little grey box called on the back of a satellite dish?
A. An executive pad - with an Audi and BMW sports car outside, mortgaged up to the hilt and maxed out on credit cards.0 -
LOL/jokes
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The IPOs are there to encourage agreement. Still, it's amazing that agreements outnumber orders 200:1.
I imagine a lot of people don't want to annoy an OR they have to deal with for some time?...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
PasturesNew wrote: »I've never seen Sky yet. I don't have it and I have never known anybody that had it.
Therefore, you don't die if you don't have it.
We don't have it - or freeview either, just the basic 4 channels....much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0
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