One to make you wonder about the sanity of the Nation.

Kenny4315

I know a few retailers/restaurants like yourself who are having a bit of a hard time. This is a shame really as most have good business models, but even those with good models are finding it tough when income dries up, while costs go up. In my view if MR Clown had not been intent on 'stopping the boom & bust' cycle we'd have been in a mild recession a few years back and would be now in the clear. We are going to pay now with something very very severe indeed, and something that is going to wipe out alot a boad businesses, but also some pretty sound ones aswell.

StevieJ

tomstickland wrote: »

That people think things will "be back to normal" in 6 months just shows how unrealistic they are. What they regard as normal was a 10 year exercise in spending unearned wealth via cheap money. Totally unsustainable.

Sorry we will bow to your magnificent sense of reality Actually I have not read one comment on this board that suggests we will be back to normal in 6 months, I may have missed it though. (apart from the horseyman possibly).

chewmylegoff

speaking of financial lunacy, i once came across someone who had taken out significant loans in order to invest in AIM stocks. he was convinced that in the long term he would make a return better than the interest rate he would have to pay. needless to say it didn't work...

neverdespairgirl

Kenny4315 wrote: »

WE HAVE FOUND SATAN !!!

Satin, surely?

Generali

neverdespairgirl wrote: »

Satin, surely?

Santa??????

Kenny4315

fc123 wrote: »

I just looked through the SOA quickly and cannot believe that the CC co's lent so much to 2 people..

Maybe they have been telling the c/c companies a few porky pies ????

Generali

Kenny4315 wrote: »

Maybe they have been telling the c/c companies a few porky pies ????

Without particularly trying, I've got credit cards with a total of limits of about 30-40k I reckon. If I started spending on them (and making the payments) you can bet that I'd be offered more credit.

Kenny4315

Yes I have to admit I have had offers to increase my limits etc without asking but I have always declined. I pay mine off in full every month and go on holiday with the tesco's vouchers obtained.

If it is a genuine case I just think that it is beyond all possible logic to get into that position. Certain once you maxed 4 or 5 cards you might be thinking .... hold on a minute I 'can't pay'.

chewmylegoff

Generali wrote: »

Without particularly trying, I've got credit cards with a total of limits of about 30-40k I reckon. If I started spending on them (and making the payments) you can bet that I'd be offered more credit.

and if your existing provider won't give you any more credit, then you can double your credit limit by transferring your balance to a new card, and then running up the same balance on the old card again.

chewmylegoff

Kenny4315 wrote: »

Yes I have to admit I have had offers to increase my limits etc without asking but I have always declined. I pay mine off in full every month and go on holiday with the tesco's vouchers obtained.

If it is a genuine case I just think that it is beyond all possible logic to get into that position. Certain once you maxed 4 or 5 cards you might be thinking .... hold on a minute I 'can't pay'.

yeah but they just transfer them all from 0% deal to 0% deal, so the future interest liabilities don't seem real. then they run out of 0% deals because there are a finite number of credit card companies, and the whole thing comes tumbling down.