Scary Stuff!

Bargain_Rzl

Johnhowell wrote:

I have always wondered with such statistics how many of the mortgages are actually Re-mortgages. Surely these would reduce the total lending figure along with redemptions.

I also wonder how much of the credit card debt is offset by the debtor's savings. Now, WE all know that the only productive way of having debts AND savings is by stoozing/0%borrowing but how many others really think about it? ... For example, I've got £8k on 0% credit cards at the moment, but in my savings accounts I've got the amount in my signature plus £8k!

lazy&indebt

Woah! That is very scary reading!
We all MUST get AS MANY people on this website as possible! I've already gotten a few people to have a nose. Can you imagine in everyone in the UK decided to visit this website? how much of a difference do you think it would make?

And here's another one - if we could calculate how much money EVERYONE who has visited this site has saved how much do you think it would amount to?

southernscouser

lady_fuschia wrote:

Its scary to think that considering that a considerable amount of people have no consumer debt at all those high averages must mean there's a lot of people oweing unimaginably huge amounts.
Scary indeed. At least I've started paying mine off!

:whistle: :rolleyes: :rotfl:

southernscouser

Annie_Fanny wrote:

One in five did not understand the concept of inflation. Well I might as well be bold about this - I don't understand inflation - can anyone explain?

Only 30 per cent could calculate four per cent interest on £2,000 over two years. I am cr*p at maths. Is this right?
2000 * 1.04 (*2) = £4160

Maths makes me panic! M-U-S-T T-A-K-E C-O-N-T-R-O-L !!!

Yeah I make that £80 a year aswell! :T

southernscouser

lazy&indebt wrote:

Can you imagine in everyone in the UK decided to visit this website? how much of a difference do you think it would make?

It would be one hell of a slow site! :rotfl:

lady_fuschia

Can you imagine all the debt free diaries?

gallygirl

Annie_Fanny wrote:

One in five did not understand the concept of inflation. Well I might as well be bold about this - I don't understand inflation - can anyone explain?

Only 30 per cent could calculate four per cent interest on £2,000 over two years. I am cr*p at maths. Is this right?
2000 * 1.04 (*2) = £4160

Maths makes me panic! M-U-S-T T-A-K-E C-O-N-T-R-O-L !!!

No you muppet it's not right - you forgot to take the late payment charges, letter charges and bank fees into account!!!!!