Hols booked on cc how do I pay family back

yksi

Never assume, because it makes an !!!!!! out of u and me.

The reality is that most people live in perpetual debt, because society has raised them to believe this is normal and correct. When people want something and don't have the cash, they look into how to finance it and then believe they're managing their money well. That's what we do, right? You haven't got money sitting around for a car so you get it on finance. You want a holiday so you put it on the CC. Personal loan to build the conservatory and then into the overdraft for fuel in the car. It's ok, you've got £50 in your wallet to feed the electric meter until payday. Life is good. Everything is under control.

(sic)

Petriix

I received a refund onto my credit card which put me into credit. Nationwide refunded the credit balance within a few days of my request. I paid people back from my current account.

Luckily I fall into the sensible/privileged group of people who clear their balance every month. If I didn't then I would have had to pay people by slowly accruing money in my current account and shifting spending to my credit card.

Alternatively (and with expense) you can use a credit card to fund PayPal payments to individuals. Last time I did this the fee was around 3%.

wiseonesomeofthetime

I paid for my holiday abroad using my 0% credit card and then placed that money in a fixed rate 1 year term saver. My credit card carried a balance where I paid the minimum.

My holiday was cancelled and my credit card refunded.

Now, in my case, this was not a problem. But imagine doing that to try and take advantage of a multi-party booking. Oops!

CC refunded, however, funds locked away until that 1 year fixed rate saver matures.

That could cause a headache for someone then!

yksi

funkycredit said:

Don't know what reality you're in but it's the opposite of mine (and anyone I know)! 

People I know tend to use credit to either benefit from a deal or rate or they'd do without / save for whatever they wanted. 

Maybe if you live amongst and associate with perpetual debtors then that's a life choice you need to reconsider? #justsaying  

Thank you very much for judging my friends and colleages - I don't tell them how to live their lives, and the fact that they live hand to mouth doesn't make them bad people. It must be nice up there in your perfect wealthy world of homes owned outright and nothing borrowed? You won't have much in common with people in here I don't think, because if you look around you'll see a lot of people who live that way and come to the boards asking for help with debt. Or maybe you think they're all ghosts?

Dr_Crypto

Yup. A lot of people live payday to payday whether that’s on £20k or £200k. 

zagfles

Most people pay their CC in full. See http://www.theukcardsassociation.org.uk/wm_documents/UK Card Payments 2017 - Summary FINAL.pdf

"Around 80% of credit card spending is attributable to full payers"

unforeseen

zagfles said:

Most people pay their CC in full. See http://www.theukcardsassociation.org.uk/wm_documents/UK Card Payments 2017 - Summary FINAL.pdf

"Around 80% of credit card spending is attributable to full payers"

Spending may be but that doesn't equate to cardholders. 

zagfles

unforeseen said:

zagfles said:

Most people pay their CC in full. See http://www.theukcardsassociation.org.uk/wm_documents/UK Card Payments 2017 - Summary FINAL.pdf

"Around 80% of credit card spending is attributable to full payers"

Spending may be but that doesn't equate to cardholders. 

Sorry meant to quote the rest of that sentence "...who in turn account for around 56% of the credit card holding population". So over half cardholders pay in full, similar to what I've seen elsewhere.

victor2

zagfles said:

unforeseen said:

zagfles said:

Most people pay their CC in full. See http://www.theukcardsassociation.org.uk/wm_documents/UK Card Payments 2017 - Summary FINAL.pdf

"Around 80% of credit card spending is attributable to full payers"

Spending may be but that doesn't equate to cardholders. 

Sorry meant to quote the rest of that sentence "...who in turn account for around 56% of the credit card holding population". So over half cardholders pay in full, similar to what I've seen elsewhere.

Been to the "how to lie with statistics" class then?!

zagfles

victor2 said:

zagfles said:

unforeseen said:

zagfles said:

Most people pay their CC in full. See http://www.theukcardsassociation.org.uk/wm_documents/UK Card Payments 2017 - Summary FINAL.pdf

"Around 80% of credit card spending is attributable to full payers"

Spending may be but that doesn't equate to cardholders. 

Sorry meant to quote the rest of that sentence "...who in turn account for around 56% of the credit card holding population". So over half cardholders pay in full, similar to what I've seen elsewhere.

Been to the "how to lie with statistics" class then?!

I passed, got 110%