We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Debt Consolidation the Answer??
Comments
-
dealer_wins wrote: »Ratrace I can only say you must have the best family and friends in the world!!
Thanks a lot i only socialize with a very small group i suppose we sort of all think alike in many ways its how it was back in the old days where everyone watched out for each other
cor whats happened now its everyone for them self tragic really“People are caught up in an egotistic artificial rat race to display a false image to society. We want the biggest house, fanciest car, and we don't mind paying the sky high mortgage to put up that show. We sacrifice our biggest assets our health and time, We feel happy when we see people look up to us and see how successful we are”
Rat Race0 -
jonesMUFCforever wrote: »Sounds like you have an idea there for a Ponzi scheme.
No comment :rotfl:“People are caught up in an egotistic artificial rat race to display a false image to society. We want the biggest house, fanciest car, and we don't mind paying the sky high mortgage to put up that show. We sacrifice our biggest assets our health and time, We feel happy when we see people look up to us and see how successful we are”
Rat Race0 -
theoretica wrote: »So really all you have is the equivalent of saving £50 a week each with peer pressure to ensure you do?
well sort of we see it more like have a small interest free loan up front to do what you want with it
instead of getting ripped off by the banks“People are caught up in an egotistic artificial rat race to display a false image to society. We want the biggest house, fanciest car, and we don't mind paying the sky high mortgage to put up that show. We sacrifice our biggest assets our health and time, We feel happy when we see people look up to us and see how successful we are”
Rat Race0 -
So sorry op it seems like i have somehow taken over your thread“People are caught up in an egotistic artificial rat race to display a false image to society. We want the biggest house, fanciest car, and we don't mind paying the sky high mortgage to put up that show. We sacrifice our biggest assets our health and time, We feel happy when we see people look up to us and see how successful we are”
Rat Race0 -
Thanks a lot i only socialize with a very small group i suppose we sort of all think alike in many ways its how it was back in the old days where everyone watched out for each other
I'm all for watching out for each other. But I just don't understand your system.
Surely it would be more logical for everyone to save their own £50 in accounts that earn them interest. At the end of the year, everyone has £2600 in their personal pots plus the interest that goes with it.
Beyond that, if someone does fall on hard times, or needs a loan for a car, as trusted friends you can just help that person out on a short term interest free basis.
Your system is destined to fall apart eventually, even if no one is to blame - someone falls ill, someone loses job etc etc. When it does come to a halt somebody 'wins', and everyone else ends up out of pocket to the tune of £50-£2000 depending on their position in the 'queue'.
The best of friendships break quite easily once disputes with money begin.
OP never came back, I wouldn't worry about it.So sorry op it seems like i have somehow taken over your thread0 -
well sort of we see it more like have a small interest free loan up front to do what you want with it
instead of getting ripped off by the banks
It is only 'instead' if you would have been turning to the banks for that many loans. I don't think an endless cycle of borrowing and repaying is a mindset I would want to facilitate or encourage. My preferred way of not getting ripped off by bank loan charges is to save up.But a banker, engaged at enormous expense,Had the whole of their cash in his care.
Lewis Carroll0 -
theoretica wrote: »It is only 'instead' if you would have been turning to the banks for that many loans. I don't think an endless cycle of borrowing and repaying is a mindset I would want to facilitate or encourage. My preferred way of not getting ripped off by bank loan charges is to save up.
I suppose everyone thinks differently what seems to work for some may not necessarily work for others
Each to their own i suppose“People are caught up in an egotistic artificial rat race to display a false image to society. We want the biggest house, fanciest car, and we don't mind paying the sky high mortgage to put up that show. We sacrifice our biggest assets our health and time, We feel happy when we see people look up to us and see how successful we are”
Rat Race0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards