Do a bit of research before you make snap judgements please!

Richard_S

Graham_Devon wrote: »

Dependant on the loan, it can make financial sense.

I either pay for the goods, lose a chunk of money thats making interest, or, I effectively rent the goods, and pay interest, but it relieves me of that liability and anything that should go wrong with that liability.

Same question can be said for 'Why rent when you can buy'. Some people don't want the boiler breaking down hanging over them, or the insurance, or would simply like to walk away and move.

One of the biggest mistakes I ever made financially was handing over a bankers draft for a car. I wish I had taken a loan which in effect would have meant I wouldnt have owned the car, but it would also mean I would have owned the depriciation!

Oh dear Graham,

You lost it with that one; I knew you would sooner or later. I haven't got time to reply now; boyo am I going to enjoy this one.:D

Was that the car you got caught speeding in?:rolleyes: :rolleyes:

Richard

P.S How did the on-line dating go?

Graham_Devon

rog2 wrote: »

Then, in that case I can not accept your apology, as I have never referred to you, or your co-posters, as 'uneducated bigots', whether in this thread, or in any others that may or may not have been deleted.

Ok

Never said you had. So your misquoting. What you have done on previous threads though is throw abuse towards us.

Hence why I stated what I did.

I apologised and said why I had taken it that way. I sir, can not do anything more. If you want to though, you can put me on ignore in your control panel if that helps at all

Toto

Graham_Devon wrote: »

Dependant on the loan, it can make financial sense.

I either pay for the goods, lose a chunk of money thats making interest, or, I effectively rent the goods, and pay interest, but it relieves me of that liability and anything that should go wrong with that liability.

Same question can be said for 'Why rent when you can buy'. Some people don't want the boiler breaking down hanging over them, or the insurance, or would simply like to walk away and move.

One of the biggest mistakes I ever made financially was handing over a bankers draft for a car. I wish I had taken a loan which in effect would have meant I wouldnt have owned the car, but it would also mean I would have owned the depriciation!

I'm not understanding your logic Graham, and this isn't at all an attack, I really am curious. I understand the renting rather than buying a property, I rent, but only because the rent is around 2/3 of what the interest on a mortgage would be for this house. So, I get to save a healthy amount every month and will buy outright, saving a ton more interest. And yes I have the benefit of not having to replace boilers and the like.

I don't understand how that works with buying goods though. If I have 5k in the bank earning 6% and I take a loan for 5k at 6% (if I'm lucky) the interest is cancelled out, the same as if I'd bought the goods from my savings. But I own the liability of that item, if a buy a kettle with loan money and it breaks, it's still mine to replace.

rog2

Oggyoi wrote: »

I have a friend who had debts, a restaurant business her ex husband ran into the ground and left her to sort out, plus the tax and vat chasing her ( as he decided to not pay them before he ran off).
She went to see a debt management company in Grimsby, who advised her to sell her house to a friend , then to max / ramp all her credit cards and credit facilities then to go bankrupt. As her credit rating wasn't at the time bad, he also advised her to get as much credit, store cards and even loans too....
This so-called advisor charged her over £3000 for this ' help ' which he said, would just go onto her credit card bills.

I can only surmise that this 'advisor' was not a representative of CAB, National Debtline, CCCS or any of the other Debt Counselling Charities that are consistently reccomended on this forum?

Graham_Devon

Richard_S wrote: »

Oh dear Graham,

You lost it with that one; I knew you would sooner or later. I haven't got time to reply now; boyo am I going to enjoy this one.:D

Was that the car you got caught speeding in?:rolleyes: :rolleyes:

Richard

P.S How did the on-line dating go?

Go on, I'd love that discussion

I never thought it would work either, but a financial advisor pointed me in the direction.

I never said it was for the car, I said the car is bought, which I wish I hadn't done.

I just said I had loans, never said what they were for. Business's do not buy all their equipment. Neither do I. The loans are based on this but have an extra element of asset cover, therefore, if it breaks, its not up to me to pay the bill to fix it.

Migz

Graham_Devon wrote: »

Apology granted. I took it the wrong way.

Apology comes with a disclaimer though My taking it the wrong way was based on previous posts from previous deleted threads

Ah Graham sweetie, and that is where this is all going belly up, this was a good thread, take what happened the other day and bin it, and that goes for everyone hanging on to the past, everyday is a new day, please can't you all just move on and stop swapping insults/arguements/comment/ whatever you want to call what you are doing. I too was in the heated ramberlings the other night/day. But if I can move on why can't you all too... its like being in a room full of butting stags:rolleyes: I don't wish to upset anyone, so I am going to climb back of my soap box now and go have a cup of tea.:o

Migz

Graham_Devon

Oggyoi wrote: »

I have a friend who had debts, a restaurant business her ex husband ran into the ground and left her to sort out, plus the tax and vat chasing her ( as he decided to not pay them before he ran off).
She went to see a debt management company in Grimsby, who advised her to sell her house to a friend , then to max / ramp all her credit cards and credit facilities then to go bankrupt. As her credit rating wasn't at the time bad, he also advised her to get as much credit, store cards and even loans too....
This so-called advisor charged her over £3000 for this ' help ' which he said, would just go onto her credit card bills.

It seems then there are people who are encouraging you to go bankrupt and advising how to maximise it to your and their own potential too.
A word of warning, she was at her wits end and foolishly listened to these people. She has since been hauled in front of a court and the official receiver, plus been interviewed by the VAT man for the way her business was run. She has been told she could still face prosecution. This advisor ( I will let anyone know their details if anyone wants to steer clear of then, via a PM ) then washed his hands of her and left her to fend for herself !!!!

Has she got any of this poor advice in writing? If so, there may be a case she can take up in court?

Is he/she a registered advisor?

Richard_S

Toto wrote: »

I'm not understanding your logic Graham, and this isn't at all an attack, I really am curious. I understand the renting rather than buying a property, I rent, but only because the rent is around 2/3 of what the interest on a mortgage would be for this house. So, I get to save a healthy amount every month and will buy outright, saving a ton more interest. And yes I have the benefit of not having to replace boilers and the like.

I don't understand how that works with buying goods though. If I have 5k in the bank earning 6% and I take a loan for 5k at 6% (if I'm lucky) the interest is cancelled out, the same as if I'd bought the goods from my savings. But I own the liability of that item, if a buy a kettle with loan money and it breaks, it's still mine to replace.

Trust you Toto,:D I wanted that one.:rotfl: :rotfl:

rog2

GD - This is exactly what you said. You have accused me, personally, of making snap judgements, which you later clarified as 'calling you an uneducated bigot', which I have never done.

So why must you include a 'disclaimer' with the apology that you owe me?

Graham_Devon wrote: »

Rog, I may be a bigot etc etc, I may not, but what I do know is that I have tried to talk to you in a non abusive manner and explain things, ask for your input etc. I'm done with you now, you obviously have no interest in discussing or you just cannot for whatever reason, grasp it.

This very post is about not making snap judgements. I have not made any of you, or anyone else on this post. You just did.

Graham_Devon

blind-as-a-bat wrote: »

Im sorry but yet again Graham I can’t help to point out this is a help and support board not a discussion board why wont you accept that??

It is not a place for opinion no matter how it’s meant it’s a place for information and help

This is not my view it is that of the forums owner

You may think your intellectually clever graham but every time you try to debate here, regardless of your motives, or who is right or who is wrong, it just makes you look thick as you can’t seem to understand the simple difference between this board and discussion time

The frustration of which is why you are met with hostility as you where last night. That may have been wrong but it was fuelled by you because you refuse to take this where it belongs for reasons only known to you

So either you are stupid Graham or you just like stirring trouble that’s the only two options so which is it?

But no doubt you won’t be able to answer without some sort of come back nicely wrapped up in a fancy bit of posting instead of just answering the question

Yes, I can answer this one.

Without any flouncy words too.

I'm here, because I was told to come and have a look here by a fellow poster. I then saw what I saw.

There was then a thread last night about me directly with more abuse. For somewhere where your not allowed to have an opinion I find this quite weird, as you were active on this thread, with your abusive opinions and conviniently forgot the whole etho's then and loved every second of it.

At not one point did you bring what you just did up on that pages long thread, as you thought you were 'winning' as you keep putting it. I'm not here for some type of competition and have never used the word 'winning'.

As for not having an opinion, you lost the argument totally, as why are you here, doing just that? You have broken more of this boards rules in the last few days than I have rules across all the boards on the entire site.

There, answered