Pay Loan ASAP (or invest it quick)

Legacy_user

Unless you are investing a loan into making a return for you on your money, i recommend paying these people back ASAP! I would never visit this area for ANY other circumstance other than to venture into a good investment.

Look at:

'Savings & Investments'- Money Making Then Money Saving' (and start getting out of financial mess youre in).

Sorry if this offends you- but Im not the one depleting your income, they are!

Thanks for reading,

Danny

Woby_Tide

Unless you are investing a loan into making a return for you on your money, i recommend paying these people back ASAP!

Revolutionary stuff, I'm really missing something with a lot of your posts Danny. It's like the adverts that used to be in Viz "Drink Beer", "Smoke Fags"

System

Thank you.

8)

System

Then why does everyone want to take out a loan simply
" to clear debts"...

I think you, along with millions of others, fail to see the wood for the trees.

I suggest you consolidate all your many monthly payments into one much lower monthly payment, like youre probably used to doing... and stop listening to what i have to say.

Woby_Tide

... and stop listening to what i have to say.

I think thats the best advice you've given since you arrived


I'm not advocating people reducing payments after consolidation, in theory though consolidating all debts to the lowest interest rate possible whilst repaying the same monthly amounts you were to the seperate higher interest debts will be the best way forward if circumstances were to remain constant

don't you agree?

System

No. Ay loan you have should go onto a good mortgage, which offers lower repayment plans, at lower interest rates than any loan companies.

Woby_Tide

No. Ay loan you have should go onto a good mortgage, which offers lower repayment plans, at  lower interest rates than any loan companies.

and if you don't have a mortgage? or a you rent? I can't fail to be pedantic with half of what you post as you seem to be under some bizarre impression that everyone has exactly the same circumstances as yourself


I'll pre-empt your response that "if you don't have a mortgage or a house you should buy one"

System

That is correct yes. I will remain silent from now on on this.

Sorry if i offended you at any point .

DiggingOut

No. Ay loan you have should go onto a good mortgage, which offers lower repayment plans, at  lower interest rates than any loan companies.

A mortgage, of course, puts your home at risk, while a personal loan does not. You should not do this if there is any concern about being able to pay the debt.

A mortgage also spreads the debt over a much longer time, so will end up costing much more unless you make overpayments to reduce the debt more quickly.

System

Hmm... yes. Not sure how that contributes to me being right or wrong, though..

And as wit seems to be your only way of supporting your the theory, ican add weight to it with some of my own...

Ive just read some of YOUR threads... and yeh, your probably right. 8)

System

I think perhaps What diggingout is saying is, you need to know more about the housing market before you buy any property. Not eveyone can calcluate the risks involved, and cleverly make preventive measures to secure an investment.

A personal loan, unless used 'as' an investment, does neither to return your money. To me, thats a bigger danger financially to you than any other money idea ive ever heard of.

In Housing, theres a risk, like crossing the road kind of risk, dodge the bus, you wont get splattered. Dont see the Bus, splut.. The only difference with Housing and a loan is theres also a damn good chance of a return on your money... its all about what kind of chance you want to give yourself, some, or none.

For the 'No Chance' people, You carry on taking out personal loans, for the Take a chance people-
you carry on taking out mortgages.