Loan...

You've come here for advice and are now laughing at all the sensible people giving you decent advice?

Almost 50% of your income goes out to pay off your debts! If your GF left you, you'd still be liable for that £160 on top too (and the phone contract).

The reason you were declined for the loan is that you are on the edge of a precipice, one that clearly you are unable to see!
 
Shep what would happen, say, if you were made redundant or the company you worked for went down the pan?
 
Jesus, how many loans? Plus you seem to be paying for everything for your girlfriend, whilst at the same time putting yourself in more debt. Makes me happy my girlfriend has 424365435x more money than me and gets everything she wants from her parents. :p
 
I just don't think you're seeing the bigger picture here, yes in the short term it may seem financially viable but I just reckon it's going to come back later on and make things a whole lot worse.
 
JBuk said:
why is it bad advice?

loans are there to be taken, if someone can afford to repay a loan then why should they not take one if they really want something?
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Becuase you're encouraging him to go ahead with his plan to get another loan to pay off exisiting loans.

Sure loans are there to help people out but they souldn't be used to pay off existing debt.
 
[TW]Fox;18264348 said:
This guy probably has a better, more expensive computer and newer cars than anyone in this thread, my head is exploding trying to reconcile this.
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maybe he lives with his parents still :D
 
Shep_Cobain said:
lol. Just the response i was expecting.

At the end of the day i am and have always been comfortable with this debt. I can still live and pay off these outgoings. I would rather pay £300 a month out on a nice car etc than drive around in an old car which could have a terrible history and cause me a lot of hassle down the road.
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lol I have a 8 year old Yaris, had it 4 years and only thing I has gone wrong with it is the battery died and needed a new one for £42 ZOMG MONEY PIT

You sir, are a bankers wet dream.
 
do you work for the bank of England? they seem to have the same ideas as you.

I understand your logic shep (dont take that as agree with it though) but what happens when your car is old or your I WANT IT NOW puchases break and decay and you are left with debt and the need for new I WANT IT NOW's.. do you get more loans?
 
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