Credit used for rent of mortgage

The_White_Horse

the point is, people expect too much. if they lower expectations they will be ok. a couple on 18k each expect to live in a house with the obligatory brown leather sofas, newish car, holidays etc. they don't wait for anything or save for anything. they take on too much. it is mainly their own fault.

people need to fend for themselves a bit better - and that includes taking out suitable insurances when times are good. except people don't want to spend £30 a month on insurance - they want to buy a new top and then bleat and cry when their wife dies that they can't afford child care.

people generally make me sick.

look after yourself and stop expecting governments and other people to do it for.

SingleSue

homelessskilledworker wrote: »

And if things wre not bad enough for some people..........

http://uk.news.yahoo.com/families-bear-austerity-burden-000505506.html



I was at a News eve party close to St Catherines dock after spending the day around various places around the southbank, one of the things that really supprised me was how flush a certain group of people still are.

I am not just talking about city types, but also well off professionals who have not really got their fingers dirty like the city types, but from what I can see are not really sharing the burden that David Cameron claims they are.

There is a lot of money out there in a sizable minoritys pocket who have got away with murder.

In the last recession, me and now ex hubby, could not see what everyone was moaning about...we were (well me mainly), still enjoying payrises way in excess of the norm, I was still getting promotions and the money was rolling in. I did get made redundant twice (at the beginning of the recession and at the end) but was back in employment within days....hours in the first case.

Not everyone will feel the pinch, quite a few will but there will still be people like we were out there...and we were not highly trained professionals either, I worked in a corporate enviroment (moved into it mid way through the recession) and now ex hubby was a normal office clerk.

Graham_Devon

HAMISH_MCTAVISH wrote: »

Shocker.

A vested interest organisation releases "data" that supports it's interests.

Whatever next?

Do you find it unbelieveable that one in seven people have used overdraughts or other credit to pay their mortgage?

I certainly don't. Theres too much denial going on in this thread.

wotsthat

Graham_Devon wrote: »

Do you find it unbelieveable that one in seven people have used overdraughts or other credit to pay their mortgage?

I certainly don't. Theres too much denial going on in this thread.

The survey wasn't have you ever used a payday loan to pay a mortgage but have you done so in the last year.

A YouGov survey for Shelter in December 2011 asked 4,014 people in Great Britain if they had used payday loans, unauthorised overdraft, other loan or credit cards to help pay their rent or mortgage in the last 12 months.

One in seven respondents (15%) who took part said yes, representing a national figure of almost seven million people, with almost one million people using payday loans.

From that they managed a headline statement...

Almost one million people have taken out a payday loan to help pay their rent or mortgage in the last 12 months, according to a new Shelter survey.

I'm afraid that this small survey with the help of poor journalism has helped to create a 'fact' in a number of people's minds.

Graham_Devon

wotsthat wrote: »

From that they managed a headline statement...

No they haven't. The headline statement is:

One in seven Britons has turned to credit such as a payday loan or unauthorised overdraft to help cover their rent or mortgage in the last year, a study from Shelter has found

You have missed out the word overdraft.

They go on to break it down:

Specifically looking at payday loans, the charity also found that 2% of people have used at least one payday loan to fund their rent or mortgage in the last year

Lot of fuss over nothing. Just read the article, you don't even need to read very far to get to the data breakdown.

wotsthat

Graham_Devon wrote: »

No they haven't. The headline statement is:

You have missed out the word overdraft.

They go on to break it down:

Lot of fuss over nothing. Just read the article, you don't even need to read very far to get to the data breakdown.

Why not read the release direct from Shelter..

http://england.shelter.org.uk/news/january_2012/millions_rely_on_credit_to_pay_for_home

I think you'll agree I've got the headline statement correct and I missed nothing from my quote..

Almost one million people have taken out a payday loan to help pay their rent or mortgage in the last 12 months, according to a new Shelter survey.

wotsthat

Still finding it believable Dev?

A million people have taken out a payday loan in the last year to pay their rent or mortgage in the last 12 months. After all it's really sound stats - 80 people in a survey said they'd done such a thing so it's reasonable to assume that 1,000,000 people in the UK as a whole have taken a payday loan to pay the rent/ mortgage in the last year. Right?

Graham_Devon

wotsthat wrote: »

Still finding it believable Dev?

A million people have taken out a payday loan in the last year to pay their rent or mortgage in the last 12 months. After all it's really sound stats - 80 people in a survey said they'd done such a thing so it's reasonable to assume that 1,000,000 people in the UK as a whole have taken a payday loan to pay the rent/ mortgage in the last year. Right?

I see now were arguing over the report from Shelter. I thought you were talking about the report linked to in the OP.

The sample size is big enough. It's all guesswork. I don't see you going on about other surveys which use the same data samples sizes?

wotsthat

Graham_Devon wrote: »

I see now were arguing over the report from Shelter. I thought you were talking about the report linked to in the OP.

The sample size is big enough. It's all guesswork. I don't see you going on about other surveys which use the same data samples sizes?

I don't like small surveys that turn small data into big numbers whether it's Shelter or anyone else. From yougov...

Respondents are sent an email inviting them to take part in a survey. The email message includes a link taking them to the YouGov website where the survey is hosted using our proprietary survey software. Everyone taking part receives a modest cash incentive for doing so. This ensures that the sample is not only made up of respondents particularly interested in the issue or with an 'axe to grind'.

The respondents get £0.50 to £1 for completing these surveys BUT they don't get any cash until they reached £50. They need therefore to complete between 50 and 100 surveys before they can get their hands on any cash.

There are whole threads on MSE dedicated to making extra money by completing surveys. Who can be a**sd? People for who £50 is a lot of money that's who - take a look at the threads.

Now if you are motivated by 50p then I'd suggest that you are more likely than the average citizen to take a payday loan to pay the rent or mortgage. Shelter know this which is why they know the results they'll get in advance and not only that the data is cleaned by it's association with yougov.

Plus if you are motivated by 50p I wonder how difficult it is to set yourself up more than once so you can do each survey twice?

RenovationMan

wotsthat wrote: »

I don't like small surveys that turn small data into big numbers whether it's Shelter or anyone else. From yougov...



The respondents get £0.50 to £1 for completing these surveys BUT they don't get any cash until they reached £50. They need therefore to complete between 50 and 100 surveys before they can get their hands on any cash.

There are whole threads on MSE dedicated to making extra money by completing surveys. Who can be a**sd? People for who £50 is a lot of money that's who - take a look at the threads.

Now if you are motivated by 50p then I'd suggest that you are more likely than the average citizen to take a payday loan to pay the rent or mortgage. Shelter know this which is why they know the results they'll get in advance and not only that the data is cleaned by it's association with yougov.

Plus if you are motivated by 50p I wonder how difficult it is to set yourself up more than once so you can do each survey twice?

Excellent point. A lot of people on the DFW board swap details on these sorts of sites, 'clicks for cash', pigsback, and all that. It's not hard to imagine that many of the respondents have money issues and are home all day 'clicking'.

Can you imagine doctors, solicitors, or indeed I.T. Consultants doing this sort of a gig?