Loan...

Danthus · 19 Jan 2011 at 14:53

So as well as the loans we knew about and the car finance, the OP has now stated he is paying credit cards off too.

Shep_Cobain · 19 Jan 2011 at 14:53

Phoenixdancer said:
Ah yes.. You say that. But you are in debt so in turn all the money you have belongs to banks and finance agencys.

no thanks, i'd rather keep them.

Phoenixdancer · 19 Jan 2011 at 14:53

Shep_Cobain said:
And just keep paying it off for 4.8 years?

Sound advice!

Give the other one back and just use the one... Errm good advice?

Shep_Cobain · 19 Jan 2011 at 14:54

OldCoals said:
So as well as the loans we knew about and the car finance, the OP has now stated he is paying credit cards off too.

No read it you sausage! God some people are stupid! I have paid them off in my lifetime!

When i was 19 actually.

Phoenixdancer · 19 Jan 2011 at 14:54

So you have close to 20K to pay back?

How old are you may i ask?

dannyjo22 · 19 Jan 2011 at 14:54

Shep_Cobain said:
Some people like to live more than others hence my lifestyle. .

Shep_Cobain said:
I don't lie awake at night worrying and i very rarely go out.

Wow living the dream man, living the dream.

Shep_Cobain · 19 Jan 2011 at 14:54

Phoenixdancer said:
Give the other one back and just use the one... Errm good advice?

The other car isnt mine and i dont pay a single penny on it, so by giving it back it wont change my outgoings....

Shep_Cobain · 19 Jan 2011 at 14:55

dannyjo22 said:
Wow living the dream man, living the dream.

I'm talking out town drinking and partying. I go out for meals and to the cinema with the mrs and mates but thats just normal everyday life.

Phoenixdancer · 19 Jan 2011 at 14:56

Shep_Cobain said:
The other car isnt mine and i dont pay a single penny on it, so by giving it back it wont change my outgoings....

So you only have one car?

Why did you say you had two that your paying for with your bank account?

if its not yours get the person it belongs to to pay with his / hers bank account = your better off

Shep_Cobain · 19 Jan 2011 at 14:56

Phoenixdancer said:
So you have close to 20K to pay back?

How old are you may i ask?

£15k.

Danthus · 19 Jan 2011 at 14:56

Shep_Cobain said:
No read it you sausage! God some people are stupid! I have paid them off in my lifetime!

When i was 19 actually.

So you don't have anything on credit cards?

OriginalJonty · 19 Jan 2011 at 14:56

@OP:

Regarding the Citreon deal, when did you purchase it and how long is the contract? I found some info you may like to read.

http://www.askaprice.com/personal-contract-purchase/citroen-pcp.asp

DiCe! · 19 Jan 2011 at 14:57

Shep_Cobain said:
I'm talking out town drinking and partying. I go out for meals and to the cinema with the mrs and mates but thats just normal everyday life.

cinema isnt cheap
eating out isnt cheap
booze isnt cheap

either way you look at it its still money you dont have going on things you dont need.

stoke1863 · 19 Jan 2011 at 15:01

i am just speech less...

Dont take your job for granted. I was going to borrow a small amount (2k) on my Credit card to help a car purchase but backed out of it. THANK GOD i did as i was made redundant in what i thought was a "safe" job. Im now unemployed and cant claim job seekers due to being a student. Finding it hard to find work that will fit around my uni schedule. Luckily i didnt go crazy with the credit card!!

stulid · 19 Jan 2011 at 15:03

Ever seen the BBC program "Beat the Bailiff"?

They will come and take all your stuff, except some clothes and some "white" goods.

Take it all to Auction and sell it all for a fraction of what you paid, and then they will present you with a bill for the Bailiff action for the removal of goods and the Auction house costs, putting you further in debt.

Have a good day.

Shep_Cobain · 19 Jan 2011 at 15:04

DiCe! said:
cinema isnt cheap
eating out isnt cheap
booze isnt cheap

either way you look at it its still money you dont have going on things you dont need.

i can afford that now with my current £454 a month debt. Amazes me people say don't do it and what if you lose your job... what about mortgages etc...

[TW]Fox · 19 Jan 2011 at 15:06

Shep_Cobain said:
Some people on here are utter trolls.

Yea sure. We disagree because we are trolls, not because you try and live a better life than your salary allows you.

You say i need to learn a few lessons, i think some of you need to realise we arent all the same and maybe you wouldnt be comfortable with the debt but i am. As for my pc spec you all keep mentioning. I bought that using cash from my eBay buying and selling!

Gets better, now you think you are some sort of delboy, that'll be why you earn 900 quid a month...

What car have you got?

You appear to lack basic common sense, this is why you keep allowing yourself to acrue more and more debt at ridiculous interest rates. You don't think things through, you just get them without a care in the world.

Half your salary on debt!

Danthus · 19 Jan 2011 at 15:08

50% of your take home pay on debt. The mind boggles.

Bleek · 19 Jan 2011 at 15:13

OldCoals said:
50% of your take home pay on debt. The mind boggles.

Exactly! It doesn't matter if you earn £500 or £5,000, 50% is still 50%!

The OP works two entire weeks each month just to break-even. I'm sorry, but that simple equation really does highlight a significant lack of intellect and/or awareness.

Delvis · 19 Jan 2011 at 15:16

Shep_Cobain said:
£454 a month for 2 and a half years
or £297 for 2 and a half years....

Naturally, paying less money back is 'cheaper, but you still have to pay the same amount back.

With the 'cheaper' option, are you paying back for longer? Or what?

Shep_Cobain said:
And just keep paying it off for 4.8 years?

Sound advice!

You kind of agreed to that when you took the loan / finance out im afraid...

Phoenixdancer said:
So you only have one car?

Why did you say you had two that your paying for with your bank account?

if its not yours get the person it belongs to to pay with his / hers bank account = your better off

Tbh...as above, if it's the ladys car, get her to pay it back, on her account, not yours, which will naturally help your cause, even though its not you paying it back.

Yes, people have been blunt towards you...but getting mroe loans doesn't always help, you still need to pay something back...You may be paying 'less' back each month, but you will not doubt be paying mroe back in the long run (depending on the loan)