Finance on toys

dmg24

liftec wrote: »

Thanks for the advice people, just to clear something up though, My current debt is a mortgage (which i think most people have) and also a loan with £4000 left on it which I took out to do essential repairs to my property. My shotgun on finance, was a buy which I have saved up 3quarters of the money, The story was I went to scotland shooting and my gun kept braking so I bought this one which has ten years warranty and the intrest charges me £100 extra. I am very cautious with my spending to regards of life, i.e i dont drink, I dont smoke, I only have my shooting hobby which does pay its way with food when we have a good day. I dont want my !!!! slapped on here, Because at the age of 12 i used to be south coast mx champ, the bug still lingers to have another go, however as my missus just pointed out- if I fall and brake my neck then I cannot pay any bills. My missus is a full time nurse earning £30,000 and we have one car between us which she paid cash for 4 years ago. My main target is too just basically double the existing loan payments, pay my shotgun off which will be end of jan, and then its just the mortgage.

If you are very cautious with your money, why can you not afford to pay cash?

jonesMUFCforever

How did OP manage to get a loan when only 17?
Must have lied on the application?

archer7

liftec wrote: »

My main query is should I go ahead and apply for the finance as I am able to make the payments, or am i getting a bit out-of hand with finance.

You asked us that, and now you seem a little annoyed at us all saying no. We're giving you the answer very clearly and politely - no. We all have excuses for spending, yet when you're asking us honestly for advice, we're not the ones that should be hearing them.

There are many good reasons for getting credit - "essential repairs to a property" sounds like a good one! But no matter what your previous credit was for, you need to assess whether you should get any more for non-essential items. It's clear that most people here believe the answer is no.