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Comments

  • Newnoel
    Newnoel Posts: 378 Forumite
    Third Anniversary 100 Posts Name Dropper
    You can`t predict the future, this is a  very bad move IMO.
    I appreciate your advice but it’s the decision we have made, a lot of the debt we have accumulated has been doing work to the house which has actually added the value etc 
    Really good to hear someone with a bit of spine doing well for themselves. As others have said, you can safely ignore doomsters like Crashy. They are never happy when they see others doing well. 
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    Newnoel said:
    You can`t predict the future, this is a  very bad move IMO.
    I appreciate your advice but it’s the decision we have made, a lot of the debt we have accumulated has been doing work to the house which has actually added the value etc 
    Really good to hear someone with a bit of spine doing well for themselves. As others have said, you can safely ignore doomsters like Crashy. They are never happy when they see others doing well. 
    So  " turning unsecured debt into debt secured against your home" is "doing well"? Do other money saving "experts" agree with this I wonder?
  • Newnoel
    Newnoel Posts: 378 Forumite
    Third Anniversary 100 Posts Name Dropper
    Newnoel said:
    You can`t predict the future, this is a  very bad move IMO.
    I appreciate your advice but it’s the decision we have made, a lot of the debt we have accumulated has been doing work to the house which has actually added the value etc 
    Really good to hear someone with a bit of spine doing well for themselves. As others have said, you can safely ignore doomsters like Crashy. They are never happy when they see others doing well. 
    So  " turning high cost unsecured debt into substantially lower cost debt secured against your home" is "doing well"? Do other money saving "experts" agree with this I wonder?
    Corrected that for you.

    You're welcome
  • Newnoel said:
    You can`t predict the future, this is a  very bad move IMO.
    I appreciate your advice but it’s the decision we have made, a lot of the debt we have accumulated has been doing work to the house which has actually added the value etc 
    Really good to hear someone with a bit of spine doing well for themselves. As others have said, you can safely ignore doomsters like Crashy. They are never happy when they see others doing well. 
    Thank you, I do appreciate the advice and it is something we have considered for some time. I know it is not always the best decision as it can lead you getting into debt again but I feel we have learnt from where we went wrong and will definitely save if we need something done to our new house 
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    Newnoel said:
    Newnoel said:
    You can`t predict the future, this is a  very bad move IMO.
    I appreciate your advice but it’s the decision we have made, a lot of the debt we have accumulated has been doing work to the house which has actually added the value etc 
    Really good to hear someone with a bit of spine doing well for themselves. As others have said, you can safely ignore doomsters like Crashy. They are never happy when they see others doing well. 
    So  " turning high cost unsecured debt into substantially lower cost debt secured against your home" is "doing well"? Do other money saving "experts" agree with this I wonder?
    Corrected that for you.

    You're welcome
    Our definitions of "doing well" are obviously different, thanks for the reply.
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