Pay off your debts

Dan:_4

Thrugelmir wrote: »

MBNA is withdrawing from the UK credit card market (own branded cards).

Along with transfer of Egg to Barclaycard those 0% transfers are going to be harder for people to find.

So better margins on less lending it would seem.

Every single credit card brand offers a 0% period - just becauise MBNA (who are robbing c**** anyway) I shouldn't think it will make much difference for people trying to find a 0% transfer.

MRSTITTLEMOUSE

I've always paid off my credit cards every month.
Credit cards to me just save me carrying cash around and I get a bit back on what I spend with the cashback.
No way would I pay interest,I'm far too mean for that :rotfl:.

MacMickster

The_White_Horse wrote: »

why do we need banks? why don't govt's just print money and loan it out at x% interest rate.

What?

Comrade White Horse suggesting that the public sector should take over lending from the private sector. Sounds like lefty nonsense to me.

RenovationMan

I have £8k stoozed from one credit card and the other one is used for work related expenses and is paid off every month. Other than our massive mortgage, my wife's mobile phone subscription and my gym membership, that is the extent of our debts and liabilities.

We're concentrating on increasing the value of our house with the renovations and reducing the mortgage debt via overpayments. This sustained period of low rates is really helping with both ventures.

quantic

I think credit cards are an unnecessary evil and should be banned. Would never have one again.

Dan:_4

quantic wrote: »

I think credit cards are an unnecessary evil and should be banned. Would never have one again.

You probarly just don't know how to use one.

kabayiri

Isn't this just soundbite politics?

People who use debt products regularly probably won't be seeking Dave's advice on how to frequent their "local weekly payment store". They will listen to what the nice man on the telly is telling them instead.

FTBFun

quantic wrote: »

I think credit cards are an unnecessary evil and should be banned. Would never have one again.

I have an Amex that I pay off every month, and I purchase things like food and my travelcard on it.

For this service, Amex pay me back 1% of the amount and I spend on that card.

Sounds terrible, right?

wotsthat

FTBFun wrote: »

I have an Amex that I pay off every month, and I purchase things like food and my travelcard on it.

For this service, Amex pay me back 1% of the amount and I spend on that card.

Sounds terrible, right?

You use a credit card?

Get ye behind me satan!

Joe_Bloggs

The future for Britain is banking. ... (pause for orchestrated applause) ...
Food Banking has doubled in capacity in the last twelve months ... It is the reality of the Big Society ... (leaves stage under a hail of boos and thrown walking sticks) .
J_B.