How to pay off loans

AndyPix

how condecending do you want to be OP ??


I bet you're a right hit at parties

ent_moot

You're missing the point. It is about principles.

Why do you vote when the probability dictates that your individual vote will almost certainly not matter? You vote on principle.

I abstain from credit cards on principle. The bonus schemes are a thin veneer of sugar atop something rotten that exists primarily to exploit those who, for whatever reason, fail to manage it with great care.

If you make money out of them, and your conscience is fine with this, then good for you. I'm not going to judge you for it. However, my opinion is that the world would be a better place without credit cards, and especially without high interest loans. Therefore I abstain from them and encourage others to do so.

Please respect my opinion also without getting defensive and personal.

You may have very different life experiences to me where you have seen credit cards save lives and create great happiness and therefore you are strongly in favor of them. If so, great. I respect your view of credit cards.

ent_moot

This is your 5th thread about sorting out your parents' finances. Do your parents actually want your help?

Aren't you a pleasant fellow?

It is my second thread about helping my parents.

Pixie5740

ent_moot wrote: »

Aren't you a pleasant fellow?

It is my second thread about helping my parents.

You might want to check your posting history as there are more than two threads about you sorting out your parents' finances. We get it, you've got lots of spare money and are super generous, but how many threads do you really need about the same topic? Do you keep starting threads because for all your good intentions your parents haven't asked for your help and aren't being cooperative? Perhaps they just want you to butt out?

ent_moot

You might want to check your posting history as there are more than two threads about you sorting out your parents' finances. We get it, you've got lots of spare money and are super generous, but how many threads do you really need about the same topic? Do you keep starting threads because for all your good intentions your parents haven't asked for your help and aren't being cooperative? Perhaps they just want you to butt out?

I have precisely 2 threads about helping my parents in the past 2 years, so please get your facts straight. If you are referring to threads 2+ years ago, then obviously they will be very different circumstances. Two threads in as many years is really not a lot, so please stop painting an entirely inaccurate picture of my usage of this forum.

And besides, no one is forcing you to read my threads. If they make you feel inadequate, that's your problem. Go read another thread.

I'm here to get information on how best to help my parents, and some of the advice has already been extremely helpful.

Robisere

There is a lot of truth in what ent_moot says. Easily-obtainable Credit is responsible for the £Trillions of debt in this country. It's true that no financial lender or credit card company, forces people to take a loan or a card. The problem is that many of the millions who do take these services, do not look into the amount they have to eventually repay. They simply have wants and do not compare them with their actual needs, nor think about what the future might bring to their doors.

It's all about financial responsibility, knowing what you can manage. That's why I have one credit card, which gives me cashback. I make certain that I repay anything I buy with it and I have never paid interest upon it.

What saddens me about this Thread, is that the guy is making a valid point and no one wants to listen, mainly because his point is real. Misplaced criticism is not a good defence.