Martin Lewis on Countdown

bo_drinker

For those that don't know Martin Lewis is a guest on Countdown this week, any way he was saying today if you had a 5k debt @ 19% apr and were paying back the minimum payment it would take 60 + years to pay the debt off. Students are steered into debt as soon as they go to Uni but not taught about debt. Is it any wonder we are in the mess we are in . I have never owned a credit card and never will so never realised it was the case. Thanks Martin. :beer:

misskool

you don't have a 1% cashback credit card?

Anyways, this thread isn't really relevant to this board so I've moved it to Martin's appearances

bo_drinker

Just trying to point out that credit is part of the reason we are in the total mess we are in (recession) many people are surviving off the back of the credit cards now they are unemployed until they max out and move to the next one or sink. They know no other way Why?? lack of education and more so common sense And no I don't have a 1%(wow) cashback card.

Horasio

That is scary.

I was not encouraged to get into debt as a student. I was and still am of the opinion you can have what you can afford.