GUARANTEED way to clear all your debts

RobertoMoir

triticale wrote: »

CONSOLIDATION USUALLY DOES NOT WORK

I keep seeing people saying they are desperate for a loan to 'consolidate their debts'.

It doesn't work.

Clearing heavy debt takes hard work, savvy spending, tough decisions and time.

It cannot be solved by 'swapping all your existing debts for one simple, monthly payment'.

Very much agree. I've posted an analogy on here on no end of posts about consolidation loans that people who use them are trying to solve a problem with having too much credit by getting more credit, which is a bad idea for the same reasons that the fire brigade don't use petrol to put out fires.

ILW

Ritchie74 wrote: »

In short, use your noggin instead of saying the bank gave me £5000 limit and I spent it and I can't afford it and it should be written off cos the bad bank shouldn't have given it to me.

Accountability.

Thanks my 2p worth

Sadly many on this forum would consider your comment to be heresy. A fair amount seem to think the individual has to take no responsibilty and everything is the nasty banks fault.

Wutang_2

ILW wrote: »

Sadly many on this forum would consider your comment to be heresy. A fair amount seem to think the individual has to take no responsibilty and everything is the nasty banks fault.

When did all this avoiding-paying-back-debts start??

Is it upbringing? I honestly didnt know so many people did this until I got on this site...!

Even my mate, who's on the dole, pays his stuff off and not once seeks ways to get out of it!!...and yet there are these weird folk on here who would advise him to look for the unenforcability options!!! Whats that all about???!! I just don't get it.

neneromanova

Stay away from those payday loan people. Yes you do have to pay the money back and if you don't yes you have to pay the interest ontop of the original loan.

If you need emergency money, either ask a friend or don't buy that extra chocolate bar or beer that you were going to.

diggerman123

CHALLISAVENUE wrote: »

And you follow this philosophy do you????????

Hmmmmmmmmmmmm


Regards

Kelly

absolutely kelly , i have no mortgage , no credit cards , pay all bills on time and I LIVE TO MY MEANS

i dont earn much above basic wage , have a nice place , dont owe anyone anything . if i want something i save for it and pay for it in cash.

sorry if i upset anyone , but it is the way i was brought up (i am 45 )

diggerman123

keep the ideas coming people, you never know we might just get through to one or two people

diggerman123

RobertoMoir wrote: »

Very much agree. I've posted an analogy on here on no end of posts about consolidation loans that people who use them are trying to solve a problem with having too much credit by getting more credit, which is a bad idea for the same reasons that the fire brigade don't use petrol to put out fires.

looooooooooooool robert petrol would be too expensive now :rotfl:

jennihen

triticale wrote: »

CONSOLIDATION USUALLY DOES NOT WORK

I keep seeing people saying they are desperate for a loan to 'consolidate their debts'.

It doesn't work.

Clearing heavy debt takes hard work, savvy spending, tough decisions and time.

It cannot be solved by 'swapping all your existing debts for one simple, monthly payment'.

Agreed!

STOP borrowing. Budget every penny. Live within your means and learn to say NO.