Student Loan 2015 Discussion

Taiko

Someone in debt gets a new credit card with a better rate, transfers the old credit card debt to the new one, and thus reduces their costs in servicing the debt. That to me sounds like money saving.

GeneHunt_2

Taiko wrote: »

Someone in debt gets a new credit card with a better rate, transfers the old credit card debt to the new one, and thus reduces their costs in servicing the debt. That to me sounds like money saving.

That to me sounds like money making - kerching

setmefree2

Dunroamin wrote: »

I'm glad you put a question mark after that because it's certainly a questionable statement. I think that the MSE message to students is very clear, that debt outside the student loan is a bad thing. I also doubt that very many students have mortgages either.

Moneysupermarket.com however do have a guide to student credit cards

http://www.moneysupermarket.com/credit-cards/credit-cards-for-students/

And ML holds £50 million squids worth of shares/share options in moneysupermarket.com so - really????? Questionable????

setmefree2

And Moneysupermarket.com are really helpful in other ways too...

How to take out your first loan


Most of us find ourselves strapped for cash as a student or when we start our first job.

So if you need to take out a loan to make ends meet, you'll want to know how to do this, and make sure to pick the most suitable one for you at the best rate.

Here, we look at how to take out your first loan.

http://www.moneysupermarket.com/loans/loans-for-young-people/

Dunroamin

setmefree2 wrote: »

Moneysupermarket.com however do have a guide to student credit cards

http://www.moneysupermarket.com/credit-cards/credit-cards-for-students/

And ML holds £50 million squids worth of shares/share options in moneysupermarket.com so - really????? Questionable????

I'll take your word for it.

Having never used Moneysupermarket (or anything on MSE apart from the forums;)) I forget that others may do both.

However, when I worked in IAG, my advice on student loans would have been much the same as on here and I certainly didn't have an axe to grind.

setmefree2

Dunroamin wrote: »

I'll take your word for it.

Having never used Moneysupermarket (or anything on MSE apart from the forums;)) I forget that others may do both.

However, when I worked in IAG, my advice on student loans would have been much the same as on here and I certainly didn't have an axe to grind.

moneysupermarket give the same advice too

http://www.moneysupermarket.com/c/guides/guide-to-student-finance/0011716/

They give debt advice also

http://www.moneysupermarket.com/c/debt/advice/1/

and have an active forum..... just in case you get bored with MSE and want to be part of the moneysupermarket community

http://www.moneysupermarket.com/community/forums/group/forums-6.aspx

http://www.moneysupermarket.com/community/forums/debt-129.aspx

Then just in case you thought debt was bad there are the
10 most common debt myths

http://www.moneysupermarket.com/c/news/ten-most-common-debt-myths/0017019/

or more help...
Deal with Debt Now
guess what the answer is?

Shifting debt

http://www.moneysupermarket.com/c/news/deal-with-debt-now/0013255/





In fact when you think about it the two sites don't look very different do they?

setmefree2

Press Releases



Preliminary Results Announcement 2012

05/03/2013

Moneysupermarket.com Group PLC preliminary results for the year ended 31 December 2012

Strong trading results; Final dividend increased by 30%

Moneysupermarket.com Group PLC ("MoneySupermarket.com" or the "Company"), the UK's leading price comparison website, is pleased to announce its preliminary results for the 12 months to 31 December 2012.

Financial highlights 2012

Revenue £204.8m
Adjusted revenue £204.8m
Adjusted EBITDA £66.5m
Statutory profit after tax £24.8m
Cash balance £18.7m
Final dividend for the year 3.94p
30% Ordinary dividend for the year 5.74p
Special dividend - 3.93p -

Dunroamin

setmefree2 wrote: »

moneysupermarket give the same advice too

http://www.moneysupermarket.com/c/guides/guide-to-student-finance/0011716/

But the advice may be correct, even if the motivation for giving it is dubious.

GeneHunt_2

Taiko wrote: »

Someone in debt gets a new credit card with a better rate, transfers the old credit card debt to the new one, and thus reduces their costs in servicing the debt. That to me sounds like money saving.

Or it's just a con (consumers racked up £7.8bn in credit card debt last month alone) to get people into even more debt? As I posted before, it's a bit like giving an alcoholic his first drink for free in a bar...

...truly - the time-honored tradition for shopaholics: at that point when they finally realize that their spending has spiraled out of control, was to cut up your credit card. In the long term such an action will save you money.

Sage advice don't you think?

(But maybe, it's not the sort of advice that makes money gurus money?)

setmefree2

[QUOTE=GeneHunt;62152361 cut up your credit card[/QUOTE]

Cut up your credit card and do not sin again is the old style advice my folks would have given too...

Sage advice indeed.

A man in debt is so far a slave.
Ralph Waldo Emerson

or
Debt, n. An ingenious substitute for the chain and whip of the slavedriver.
Ambrose Bierce

or
Debt is the slavery of the free.
Publilius Syrus

or
Rather go to bed supperless than rise in debt.
Benjamin Franklin

or

Credit card interest costs

Those with decent credit histories can now, for a small fee, ‘balance transfer’ debts. This is where you shift them to a new card at a much cheaper rate, so you pay 0% for well over two years. Typically on a £3,000 debt that’s £500 saved. For the latest best buys you can check out the website www.moneysavingexpert.com/bts .

Martin Lewis