Loan...

Pudney@work said:
No, I've understood what you've said and I believe you to be wrong. Accountants understand the technical nature of debt in relation to the financial scheme of things, they are no better at giving practical advice than any other person. They also understand their own limitation and any half decent accountant will not give financial advice.

Oh, and as an accountant you should understand that debt is in general terms a good thing. It has a massive benefit towards cash flow and ultimately that is where a business thrives or fails.
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Sorry, I thought this thread was a discussion about personal debt management, not on a corporate level.

My mistake.
 
huhhhhhhhhhhhhhhhhhhhh declined as predicted. Ahhh well, will have to carry on paying the £454 a month. Was worth a try. Thanks for the advice guys.
 
Robi said:
Sorry, I thought this thread was a discussion about personal debt management, not on a corporate level.

My mistake.
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You bought up being a trainee accountant makes you better suited to give financial advice. As an accountant the debt you are most likely to deal with is some form of business debt.
 
Shep_Cobain said:
huhhhhhhhhhhhhhhhhhhhh declined as predicted. Ahhh well, will have to carry on paying the £454 a month. Was worth a try. Thanks for the advice guys.
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If you're really intent could try other means

Otherwise look at your out goings and see if you can pay more towards your current loans / finances, pay them off quicker
 
Delvis said:
If you're really intent could try other means

Otherwise look at your out goings and see if you can pay more towards your current loans / finances, pay them off quicker
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HSBC and the finance company are set fees unfortunately. Otherwise i would have paid it off in dribs and drabs ages ago.
 
bailout from the parents then, sort them a decent return on their loan (or free if they are really nice) and clear it.
 
You would think that the finance has a payout option if anything...its just stupid, if you want to pay back more you should be able to.

go through the contract
 
anyone else pointed out
£900 in
£454 loans out
Leaves £446
rent?
bills?
food?
PETROL?
my RENT is more than that a month!
 
Pudney@work said:
You bought up being a trainee accountant makes you better suited to give financial advice. As an accountant the debt you are most likely to deal with is some form of business debt.
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I know what accountancy demands, so please stop repeating the basic foundations. This thread has nothing to do with business debt.

Example - I specialised in the theory and practice of taxation. My mother has paid her taxes for years and years, she is obviously competent with the basic principles of tax payments, but has literally no idea about the monetary benefits of certain processes / methods. I do. Therefore I could provide her with a few simple tricks to save money.

Make sense?
 
Shep_Cobain said:
huhhhhhhhhhhhhhhhhhhhh declined as predicted. Ahhh well, will have to carry on paying the £454 a month. Was worth a try. Thanks for the advice guys.
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seriously

Speak to national debtlline if you dont want to listen to us on here. Which i can understand. 75 % of people on here or more are doing nothing but being insulting.

Get some proper advice.
 
Robi said:
I know what accountancy demands, so please stop repeating the basic foundations. This thread has nothing to do with business debt.

Example - I specialised in the theory and practice of taxation. My mother has paid her taxes for years and years, she is obviously competent with the basic principles of tax payments, but has literally no idea about the monetary benefits of certain processes / methods. I do. Therefore I could provide her with a few simple tricks to save money.

Make sense?
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Yes.

What has that got to do with loans? That's tax advice which is the realm of accountants to a degree... Not fully though as they're not proper tax advisors but that's different.
 
VeNT said:
anyone else pointed out
£900 in
£454 loans out
Leaves £446
rent?
bills?
food?
PETROL?
my RENT is more than that a month!
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That's a good point, he can't be paying rent then, surely?

My food bill is about £400-500 a month and I live on my own!
 
Bleek said:
Fair play, that's bloody cheap living!
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thats called sharing a house with 2 other people. Not exactly a proper reflection on the costs of owning and running a house.


Thats the trade off of sharing - you're costs are shared, but you can't treat the house like your own as its not fair. usually its rented so they "own" it just as much as you do.
 
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