Bank Day
- Thread starter euro_scene
- Start date
I think they come under the "everything else" category as mentioned in the adverts.
I dont know what leads people down this spiral though, surely you dont look at a credit limit as free money and spend it all? I remember people were doing this when we turned 18, putting beers down the pub on credit card and stuff, where as I was always the one to say that I didnt have enough money to go out if I was skint... Now I'm the one with a mortage 80 grand less than that of all of my friends because I've been sensible.
The responsibilty for educated kids about finances at the moment falls to the parents, should it also be down to the schools?
The responsibilty for educated kids about finances at the moment falls to the parents, should it also be down to the schools?
Soldato
Surely you cant get a credit card without having a job?
Man of Honour
Yes you can.
Caporegime
I deffo had one at uni and i was student loaned to the hilt. that was 10 years ago tho.
Dont have cards these days as i am too stupid
Dont have cards these days as i am too stupid
Soldato
Thats a bit silly isn't it? How are you expected to repay the card?
Income does not have to mean a job.
Soldato
Ok then, this kid doesn't appear to have either, so how did he get one?
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Soldato
****.
That's a little harsh and unnecessary.
Soldato
Soldato
I have the deepest sympathy for your family, really...i do.
I wish i only had £500 on my Credit Card.
There's no need to take the £500 from your ISA. Keep it for when you want to buy something productive, like a car etc.
The intrest rate for you card cannot be that high. I've got £1500 on my Credit card at the moment and my minimum payment is £30, so £500 should only be £10 which i'm sure you can afford. It'll take you a long time to pay it off that way, but at least you'll be paying it off!
There's no need to take the £500 from your ISA. Keep it for when you want to buy something productive, like a car etc.
The intrest rate for you card cannot be that high. I've got £1500 on my Credit card at the moment and my minimum payment is £30, so £500 should only be £10 which i'm sure you can afford. It'll take you a long time to pay it off that way, but at least you'll be paying it off!
Wow.
Caporegime
Fixed.
Soldato
he doesn't actually have any money of his own, any money he recieves is off other people.
Borrowing from Peter to pay back Paul is never a good idea, and now it is starting to catch up to you, I hope you will have learned a lesson or two when it all finally hits home and you end up £16k in debt.