Personal debt mountain as big as it ever was.

JonnyBravo

nearlynew wrote: »

Emolliate, maybe?

Well I don't expect he knows what he meant. We've (well julie has) just got to hope he doesn't stray onto immolate.

wotsthat

JonnyBravo wrote: »

Well I don't expect he knows what he meant. We've (well julie has) just got to hope he doesn't stray onto immolate.

She deserves it.

All that heretical talk about supply and demand - she's spreading the word according to Satan when we all know it's the props.

I did think immolating was something to do with hair removal though.

ILW

michaels wrote: »

Would taking out a 12 month loan for a 2 week annual holiday be completely unreasonable? Especially if it let you benefit from an early booking discount saving more than the loan interest. Not saying I would do it but surely it is just a different way of paying for the holiday than saving for 12 months?

Possibly not, but bunging on a credit card and then paying minimum payment for about 30 years was and is the way to go for many.

FTBFun

RenovationMan wrote: »

What they should have done in the past and what they should do in the future is simply to ban MEWing, except for improvement on the property you're MEWing from. This would save a lot of idiots from themselves.

Indeed. I've probably mentioned this before, but I remember a programme at the height of the boom where some numpty was constantly remortgaging his property to spend on toss. Including an outdoor jacuzzi!

ILW

Ocean finance adverts used to say "pay off all your debts and have enough left over for that holiday you always wanted ro a new car". These were 10 year plus secured loans.

homelessskilledworker

Loughton_Monkey wrote: »

Who are this 'Credit Action' mob? They seem to be some religious organisation. Is this their way of trying to rid the world of all money lenders?

I'm surprised they are not bringing in more funds by including Ads within their website. Payday Loan companies [only 1,700% interest] would be assured a well targeted audience....

I got the link from one of your die hard Bull friends from when I was asking for some reliable sites to do a little research.:rotfl:

Jimmy_31

RenovationMan wrote: »

Once again we have a VI group talking about debt and conveniently ignoring assets. Once again I provide the real-world example of my £250k of debt and £450k of assets, and that's only my house, I'm not including my pensions, savings and investments.

I bet the estate agents are sick of coming round to your 450k house every week to value it.

Thrugelmir

RenovationMan wrote: »

Once again we have a VI group talking about debt and conveniently ignoring assets. Once again I provide the real-world example of my £250k of debt and £450k of assets, and that's only my house, I'm not including my pensions, savings and investments.

Your assets are only worth what they are on the day you liquidate them into cash.

Cash is king.

Thrugelmir

Jimmy_31 wrote: »

I bet the estate agents are sick of coming round to your 450k house every week to value it.

There's never any mention of the amount spent on RENOVATING the property . Wonder why?

Jimmy_31

Thrugelmir wrote: »

There's never any mention of the amount spent on RENOVATING the property . Wonder why?

I can only presume he is skip diving for materials and doing the work himself:).

Ive done lots of work for people on their homes and i know how much it has cost them to do the jobs because i give them a bill. On more than one occasion i have been told by lads in the pub that joe bloggs is off his head because he has just had a 10k kitchen fitted, i then say i know it was me who ordered it and fitted it and the bill came to 3k.

People just go daft with numbers were houses are concerned.

I never did get any more work off joe bloggs:rotfl: