Tesco loan

nelly12

RichGold wrote: »

That's if you're daft enough to believe this 2 post wonder.

Not daft enough seeing as I work for a bank. Take a lot of what is written on the loan threads with a pinch of salt. However there are some genuine posters. Who knows whether the poster is a good un or a bad un, was merely congratulating them and dispelling a myth at the same time.

Super-debt-man

RichGold wrote: »

Yay! Go you!

I refer you to your first quote above.

No shooting from me, just simple observations. If you can't see that your first post above is ridiculous, then this forum will be able to do nothing for you at all.

I know I said I am 98% in debt but this is only until I pay off my old Halifax loan and two credit cards with the new Tesco loan. Perhaps you did not understand this??

Once these are paid of I will be back down to around 48% of my income.


I know how tempting it is on these forums to ‘bait’ people into an argument etc and have a laugh etc, but I think it is wrong where money is concerned and some people on here genuinely need advice. I have just simply demonstrated you can get 98% of your income as borrowings. I totally agree with you it is absolutely crazy you can do this!:T

I don’t mind replying to you RichGold, I have a boring overpaid office Job with lots of time on my hands so please pleeeeease bring on your next reply so I can reply to you. Seriously, you will give me something to do during the day at work!!
The only thing more sad than my debts is that I have nothing better to do than reply to your provocative posts!:A

Bring them on buddy!!

fozmcfc

Super-debt-man wrote: »

Just got the call!

Can’t believe they have lent me the money, I now have 98% of my income as debts lol!:T

Don’t worry though, I will be paying off my Halifax loan and two credit cards with this Tesco new loan.

Thank you Tesco!!:j

98% debt to salary, whooooooaaaaaaahhhhhhhhhh, sooner you than me.

I just hope that you now get serious pay everything else off and don't run up the cards again.



Never been up to the 98% mark, but certainly been around the 75% mark before. Then I finally woke up and realised I had to change and threw every last penny at my debt.



Like I was, at the moment you are one step away from complete financial disaster, a loss or drop of income for instance means disaster.


Seriously get serious.

Super-debt-man

fozmcfc wrote: »

98% debt to salary, whooooooaaaaaaahhhhhhhhhh, sooner you than me.

I just hope that you now get serious pay everything else off and don't run up the cards again.



Never been up to the 98% mark, but certainly been around the 75% mark before. Then I finally woke up and realised I had to change and threw every last penny at my debt.



Like I was, at the moment you are one step away from complete financial disaster, a loss or drop of income for instance means disaster.


Seriously get serious.

I know!! I am a right c:eek:t!! lol

Apples2

Super-debt-man wrote: »

I know!! I am a right c:eek:t!! lol

Nah. You are simply trying to avoid the absolutely horrific situation you are in by hiding behind humour.

Even those baiting you would rather you be debt free than get excited about such a large debt.

Super-debt-man

Apples2 wrote: »

Nah. You are simply trying to avoid the absolutely horrific situation you are in by hiding behind humour.

Even those baiting you would rather you be debt free than get excited about such a large debt.

To be honest I am not excited about the large 13.5k debt, I would love pay it off. I seriously don’t understand why moving a loan and a couple of cards onto a loan with a much better Apr rate has caused all the bitterness and negative replies?????:(

fozmcfc

Maybe because your attitude has come across as to say, oh well, sorted for now, pay off the cards, but now I can go out and run them back up again.

Many people here have done what you have done and then ended up with a larger loan and the cards to pay off once again.

In my case I was refused a 3rd consolidation loan to pay off a couple of credit cards (I was still paying off 2 consolidation loans as well) and that was enough for me to say, ok time to get it sorted now.

Now I look back it is frightening to think that if I had lost my job or had my wages cut back in half, I wouldn't have been able to afford to live beyond a few weeks.

You goal now is to

A/ Not use the cards again, if you do, pay them off in full every month you use them.

B/ Not to spend all the money you now save each month, but to put it away in case of a loss or cut of income. In the first 6 months, virtually all money saved should be put away into savings.

C/ Remind yourself constantly that a loss of income means disaster and each month you do the above and pay the loan repayment and save you are gradually moving futher away from the impending disaster.

You in a way are luckier than I was, because I faced paying off 2 loans and 3 credit cards, rather than just one debt. On the other hand I had the money to pay off £15k in 18 months, but it meant living like a monk for 18 months, cutting back all spending and get as much extra money as possible.

Super-debt-man

fozmcfc wrote: »

Maybe because your attitude has come across as to say, oh well, sorted for now, pay off the cards, but now I can go out and run them back up again.

Many people here have done what you have done and then ended up with a larger loan and the cards to pay off once again.

In my case I was refused a 3rd consolidation loan to pay off a couple of credit cards (I was still paying off 2 consolidation loans as well) and that was enough for me to say, ok time to get it sorted now.

Now I look back it is frightening to think that if I had lost my job or had my wages cut back in half, I wouldn't have been able to afford to live beyond a few weeks.

You goal now is to

A/ Not use the cards again, if you do, pay them off in full every month you use them.

B/ Not to spend all the money you now save each month, but to put it away in case of a loss or cut of income. In the first 6 months, virtually all money saved should be put away into savings.

C/ Remind yourself constantly that a loss of income means disaster and each month you do the above and pay the loan repayment and save you are gradually moving futher away from the impending disaster.

You in a way are luckier than I was, because I faced paying off 2 loans and 3 credit cards, rather than just one debt. On the other hand I had the money to pay off £15k in 18 months, but it meant living like a monk for 18 months, cutting back all spending and get as much extra money as possible.

Many thanks for your comments, sounds like you have done very well to pay back that amount and hopefully understand my situation better than some of the others on here.

Its people like you that inspire me to be more rigid about wasting money.

I know borrowing to pay a debt is often not the best solution but I will save in the long run thanks to the new 6.4% Apr as opposed to the 13.9% Apr on my old loan.

Super-debt-man

KingElvis wrote: »

I really couldn't care less how much debt you're in, how much tat you've managed to buy or if you end up sleeping in a ditch, I would then take the oppurtunity to slash on you if I had the chance.

Everyone starts life equally, if you decide to lumber yourself with all this rubbish I say good luck to you.

I would hate to be slashed on lying in a ditch is bad enough:eek:

oliel

My goodness i cant believe the hostility on here - anyone ever heard "dont kick a man when hes down" - ok none of us want to encourage further debt but if you can save money by getting a better apr then you'd be mad not too.