Credit card nearly cleared then disaster

otbcnmtd

I have been working hard at clearing two credit card debts, one at £4,000 and the other £500.

Got the first one down to £2000 and the other one to £10, then one of my cats needed emergency dental work. The £10 card is now at £400 again.:mad:

Fruit_and_Nut_Case

Gotta look after your !!!!!.

Can't I even write a synonym for cat without being censored? Huh!

dmg24

otbcnmtd wrote: »

I have been working hard at clearing two credit card debts, one at £4,000 and the other £500.

Got the first one down to £2000 and the other one to £10, then one of my cats needed emergency dental work. The £10 card is now at £400 again.:mad:

I trust you have now taken out pet insurance?

otbcnmtd

I havent taken out insurance. I have 5 cats and this is the first time other than annual jabs that any of them have had to visit the vets in 5 years (i think i have been very lucky).

I think i just need some emergency savings, but havent had a chance to save whilst paying off the cards.

dmg24

otbcnmtd wrote: »

I havent taken out insurance. I have 5 cats and this is the first time other than annual jabs that any of them have had to visit the vets in 5 years (i think i have been very lucky).

I think i just need some emergency savings, but havent had a chance to save whilst paying off the cards.

Don't be so silly. You need pet insurance. What would you do if one of the cats picked up an infection and passed it to the others, or one of them got a long term condition? The bills could go into thousands.

chattychappy

Yeah, but the more cats you've got, the less you benefit from insurance IMHO.

Take an extreme example. 1 cat, 1 policy. You might never claim (and lose) or you might claim and be well ahead.

1000 cats, 1000 policies. You are evening out the risks, but still paying the same per cat for insurance. At any time, some of the cats will be sick, most will be well. A few will be missing, a few will be knocked down by cars etc.

But I agree that this effect is reversed a little because of epidemic type risks!

Insurance companies have to make a margin, plus a number of policyholders are dishonest. My view is, IF you can take the risk, it's better to insure yourself via savings - or access to credit. Sure it's a hit on the OP - but paying for insurance would also cost.

Superheavy

In no way is this to make light of the OP's predicament, but I did get an image of the cartoon from recent Admiral adverts running around pets yelling "Multicat! Multicat!", if they can do it for cars why can't you have one for cats?

pjread

Well, I think I paid about £50 for a year's cat insurance. if the OP has 5 cats presumably we're talking at least £200-250 a year in premiums.

If they've only had this one occurrence in 5 years then obviously they made the right decision, otherwise it would have cost them over a thousand in insurance plus probably the first hundred or so in excess for the claim. Plus presumably higher premiums for the following years.

BugsyBrowne

What a pathetic thread!!

dmg24

pjread wrote: »

Well, I think I paid about £50 for a year's cat insurance. if the OP has 5 cats presumably we're talking at least £200-250 a year in premiums.

If they've only had this one occurrence in 5 years then obviously they made the right decision, otherwise it would have cost them over a thousand in insurance plus probably the first hundred or so in excess for the claim. Plus presumably higher premiums for the following years.

The older they get, the more likely there are to need cost. As I said earlier in the thread, one incident could easily cost £1000 - so even if that happened once in five years, it would cover what you had paid.

If you can't afford to have insurance, you should not have pets.

sheslookinhot

star-fire wrote: »

What a pathetic thread!!

agreed, the only good cat is a dead cat