Help! What would you do??

jackieb

I would pay off the DP card too and try and get a TV on 0%. Our local Euronics shop always does a 0% deal - same day delivery (I buy all my kitchen appliances here because they're locally owned and not faceless like Dixons etc ) It depends on how much you spend, on how long you get to pay it off. A TV would probably be 12 months. Much better than renting IMO.

immoral_angeluk

mattystorey001 wrote:

Seriously have held off sticking in my 2p. But, cant any longer! Sorry for the following..

If your in debt then there is no point buying a nice new expensive tv to keep up with the Jones's. Pay off your debt's then review getting a nice tv once you have saved up, dont buy on credit.

This is why people get into debt in the first place by buying things that they cant afford on credit/on top of other debt due to temptation.

Go onto ebay buy a cheap 2nd hand 32" crt tv for 60£ with 2 scart sockets. Xbox 360 isnt true HD as there is no real HDMI output on it (notice it runs as scart of component only). There is no real HD content out there anyway yet (2-3 channels on sky/virgin, and HD dvds). The money you will save every month will be alot more and you can pay off your debts faster and then you will be able to save and then keep up with the jones's.

Seriously. I am far better off than most people posting on this board earnings wise, debts wise, savings wise and objects of material value. However, i am not spending out for the nice 42" samsung HD tv i want for the lounge.

I am hoping to wipe my debt off by the end of this year and then consider saving to buy.

I'm sorry to take it out on you today. But im working from home and watching MTV Flux, and every 10minutes there is an advert for debt management firms and its making me angry.

If whoever cannot understand the implications of debt then maybe they should have a wander over to this board and let them read the stories and SOA's of people who have got into issues of debt but realised before it was to late.

Once again im sorry for the above. But makes me angry. Debt first, buying things second.

I don't really know what to say to this as I was asking for advice and not a slating but oh well.:cool:

OH and as for 'Pay off your debt's then review getting a nice tv once you have saved up, dont buy on credit.', it wouldn't be! If you'd read my previous posts you would've seen that it'd be paid cash (or at least electron card which is as good as) that we'd saved up to pay off dotty p's and we wouldn't be increasing our debt at all. After paying off so much debt I'm not planning on getting any form of finance. Even 0% makes me uneasy!!

immoral_angeluk

jackieb wrote:

I would pay off the DP card too and try and get a TV on 0%. Our local Euronics shop always does a 0% deal - same day delivery (I buy all my kitchen appliances here because they're locally owned and not faceless like Dixons etc ) It depends on how much you spend, on how long you get to pay it off. A TV would probably be 12 months. Much better than renting IMO.

As mentioned before it's unlikely we'd be accepted. Our credit ratings are crap and I was even turned down for a credit increase on my barclaycard today!

GirlRacer_2

Bet your feeling pretty !!!!!! at the mo. I know whenever I've been turned down for something it can put me in a foul mood for hours on end. Try not to dwell on it too much. Some little idea will spring to mind soon, I'm sure.

mattystorey001

My point is that you still have some debt against your name and plan to possibly increase it by buying a TV..

My previous point is not to make you feel bad but make you aware that you should be removing your debt first then consider a nice new tv.

I have made sure that i have gone without and sold items around the house to put me into a position where i have minimal debt that i can control and starting to save for a house.

Honestly, i would consider removing your debt first, buy a 2nd hand tv, use the money that you save on both payments to consolidate into one bigger monthly payment towards debts.

I went without so i could have more in the future. Now i'm choosy about my purchases.

Sorry about before, but i did apologise before i wrote it! : )

mattystorey001

themaccas wrote:

Well that's nice for you.

I do think you have missed the point though, I_A has done a lot of thinking about this matter and has come on here asking for some advice not a preaching on how well you have it.

Yes it is nice for me. I worked hard to get my debt down. Worked even harder to get where i am now.

Im not preaching how well i have it becuase i'm no where near having it good, i still have debt.

Rather than turning this into a slanging match, the whole point of this website/board is to help other people remove debt not possibly increase it.

Yes it's nice to buy nice new shiny items. But its better to remove debt then reward yourself at the end with a nice bottle of bubbly (which is what my plan is).

Please sl*g me off in a priv message.

moonlightpjs

Hey IA

You have to do what you think is best but sometimes when we do without buying things it does make us resentful - its not like you are going to go out and spend the money getting drunk, eating out, buying new clothes, make up etc etc and your beautiful daughters are not going to go without.

You have done amazingly well in paying off the debts you have in such a short space of time and knowing your determination, if you do buy the TV, it still wont be long before you do pay DP's off.

If you carry on renting you are, in effect, losing approx £40 a month - that would soon build up in order for you to pay DP's. You are not going to get one on credit therefore no more debt. Is the interest on DP's £40 per month??? You are now paying DP's and the cost of renting - if you buy a new TV you are just paying DP's. Does that make any sense at all :rotfl:

We are all on here to get out of debt, and you are an inspiration on how it can be done so don't beat yourself up over buying a TV - Steve might like to play his games etc but isn't that better than him trotting off down the pub every night. A TV would benefit you all not just Steve and you would actually OWN it.

Do whats best for you but if you do buy it you are not failing!!!!
Take care xx

mattystorey001

Maybe im just jealous that i can't buy the 40" samsung (now £800) that i have been staring at for the last 6months.. : (

I am in the current position that all my chums have nice spankingly (is that a word?) massive HD screens for the their 360's, xbox's, ps2's etc.

But they didnt get themselves into debt..

My personal opinion is that you should remove your debt first, then look at buying a new tv and in the mean time buy a older 2nd hand one so that you might be able to own a nicer one in the future without effecting your current outgoings.

It's my 2p, and i didnt mean to cause offence. I just believe that you should remove debt first. Maybe i have been watching to many debt programs on tv.. : )

Spendless

mattystorey-I agree with your point and I think your info on tvs was helpful. The problem we have here isn't with IA,but her husband who hasn't got the same busting the debt attitude she has (which she admits), and she's wondering how best to combine the 2, hence her asking here before she puts the 'solved' dilemma to her OH.

So extending barclaycard is out, looks like 0% deal is out. BTW when you pay off these debts are you also closing the accounts? You mentioned earlier that the min rental period was 18 months, what about if you extend the time on your current tv, how long would they do that for, is that an option?

DavidHM

You mentioned earlier that the min rental period was 18 months, what about if you extend the time on your current tv, how long would they do that for, is that an option?

It's an expensive option at £36 a month though - in nine months or so you've bought the new one and you have nothing to show for it. Even though LCD prices are falling, they're not falling by £36 every month so she's better off buying than renting in the long term, even if she is incurring interest by not paying off a debt to do so.