Why????

creditisbadnews

Sorry to sound a bit off,but been on here a week or so now but been a long term viewer for a while.

I have noticed by spying lol and going through people's posts and previous posts and i've come across the fact that most of the people giving out advice on this credit card forum are actually members who struggle to credit themselves.

And not mentioning no names members who have also been in financial difficulty before.
I am no financial advisor but to me it defiantly seems that people who have bad credit ratings themselves are giving out advice.

Shoot me down if I am wrong but I would not take my car to a Mechanic who was known to mess up other cars he has worked on:)

[Deleted User]

I'd have thought people who have been through problems and come out the other end knowing the mistakes they've made and an appreciation of how it should be done would be very good candidates for giving advice. Poachers turned gamekeepers, and all that.

redpete

creditisbadnews wrote: »

Shoot me down if I am wrong but I would not take my car to a Mechanic who was known to mess up other cars he has worked on:)

If you see them giving bad advice or potentially dangerous opinion then post a correction yourself. If they are posting good advice then there is no problem.

izools

creditisbadnews wrote: »

Sorry to sound a bit off,but been on here a week or so now but been a long term viewer for a while.

I have noticed by spying lol and going through people's posts and previous posts and i've come across the fact that most of the people giving out advice on this credit card forum are actually members who struggle to credit themselves.

And not mentioning no names members who have also been in financial difficulty before.
I am no financial advisor but to me it defiantly seems that people who have bad credit ratings themselves are giving out advice.

Shoot me down if I am wrong but I would not take my car to a Mechanic who was known to mess up other cars he has worked on:)

You got me!

Better get my coat :rotfl:

But in all seriousness, in my case at least, the financial difficulties I encountered earlier on in life left me in situations whereby I had little alternative but to learn, and carry on learning, about finance, credit, and the such like.

Now to suggest that because someone has suffered financial hardship in years past means their advice is unsavoury is somewhat disjointed.

If I have been able to secure over £10,000 worth of credit lines (since closed, never really used) most of which have been at Prime interest rates, since bankruptcy, woud one not agree that I know a good approach to maintaining one's credit rating?

And considering that, despite my prior bankruptcy and having been approved for over £10,000 worth of credit lines, I currently don't owe a penny on any cards or overdrafts and have voluntarily closed all of my credit cards, and am 9% of the way to my lofty savings goal, that I have learned what went wrong and perfected my approach to finance?

Perhaps perfected is too strong a word but certainly "re-made" my approach.

I'm proud of what I have accomplished in the years since realising my immaturity and most of the people I share what I have learned with are appreciative of my help.

So let's leave those preconceptions to one side, eh? :beer:

[Deleted User]

I suspected izools might be one of the 'no names mentioned'!

Clearly izools used to be a no-good reprobate who one would cross the road to avoid, but I've always found the advice they've posted here to be absolutely sound.

Any

creditisbadnews wrote: »

Shoot me down if I am wrong but I would not take my car to a Mechanic who was known to mess up other cars he has worked on:)

BANG!!!!

No seriously, are you listening to yourself?
Saying - people learn by their mistakes means nothing to you?

Or do you think advice from a person who actually never been through the "system" will be better?

JA1000

You will learn more in life from making mistakes than getting it right first time. Why make those mistakes if people on here already have sone so and share detail of their experiences on here. Real life experience is probably the best advice you can get. The hardest part is for you to decide which of the posts to use.

I can share my experiences of 18 months ago having nearly £60k on credit card this is now down to less than £10k, I did this in part by reviewing posts on here which I think were appropriate and it has worked. Oh and it wasn't my fault I ended up with that amount on card I was put in a situation by another party, in this instance a builder went under on me.

dazza.mk

absolutely, if you're having credit problems yourself your two main options are really seeing a debt councillor or talking to people who have been in a similar situation now or in the past......

You could talk to your bank, but probably they'll just try and sell you an extra loan.

creditisbadnews

izools wrote: »

You got me!

Better get my coat :rotfl:

But in all seriousness, in my case at least, the financial difficulties I encountered earlier on in life left me in situations whereby I had little alternative but to learn, and carry on learning, about finance, credit, and the such like.

Now to suggest that because someone has suffered financial hardship in years past means their advice is unsavoury is somewhat disjointed.

If I have been able to secure over £10,000 worth of credit lines (since closed, never really used) most of which have been at Prime interest rates, since bankruptcy, woud one not agree that I know a good approach to maintaining one's credit rating?

And considering that, despite my prior bankruptcy and having been approved for over £10,000 worth of credit lines, I currently don't owe a penny on any cards or overdrafts and have voluntarily closed all of my credit cards, and am 9% of the way to my lofty savings goal, that I have learned what went wrong and perfected my approach to finance?

Perhaps perfected is too strong a word but certainly "re-made" my approach.

I'm proud of what I have accomplished in the years since realising my imamturity and most of the people I share what I have learned with are appreciative of my help.

So let's leave those preconceptions to one side, eh? :beer:

lol

Sorry Izools unfortunately yes you were one of them but their are more.
The reason is because a member came on here during the week and said about your signature about how you were bankrupt and that.
If I am honest if you were bankrupt before, good on you that you have proved you can bounce back.
It might have sounded bad how I wrote it but honestly it was not meant by that.

sammyjammy

creditisbadnews wrote: »

lol

Sorry Izools unfortunately yes you were one of them but their are more.
The reason is because a member came on here during the week and said about your signature about how you were bankrupt and that.
If I am honest if you were bankrupt before, good on you that you have proved you can bounce back.
It might have sounded bad how I wrote it but honestly it was not meant by that.

You post this and yet then you yourself go and post on a thread telling someone they should go bankrupt and then in six years they are home and free? Hmm pots and kettles come to mind, perhaps this forum isn't the place for you?

https://forums.moneysavingexpert.com/discussion/3060620

MFWannabe

Surely the people who have been in debt and come through the other side are exactly the people to give some of the best advice.
They've made the mistakes like millions of others that lead to them getting in debt in the first place but can then advise how to manage those debts and who to contact i.e free debt charities