Very presumptuous of you that mate
You'll find in life, people with money (serious money), dont tend to openly show it.
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- Thread starter GhostOfDixie
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Very presumptuous of you that mate
You'll find in life, people with money (serious money), dont tend to openly show it.
Blue Ray
Player Valuation: £20m
Very presumptuous of you that mate
You'll find in life, people with money (serious money), dont tend to openly show it.
Danny I was thinking that mate after I'd sent it but too late it had gone
Reidy's Bottle Of Grecian
The Unobstructed View
i have watched people around me live beyond their means for years, pile it on the mortgage as their house has risen in value, a couple who lived opposite me paid £60,000 ish for a 2 bed, then they had to get a 3 bed but their mortgage had gone up to +£90,000 and the new place was £185,000 with a mortgage of about £150,000 ish, both working but upto the hilt with debt.
we sat back watching their debt rise, us doing without while they got everything they desired, the thing is though they have all these things, we are still without. they say that if it gets to where they cant pay it then they will run it to the max and then just stop paying and go for bankruptcy, something that a lot are doing.
i know a debt collector who gets like £2 a week from someone who owes tens of thousands, so clearly the debt will never be repaid. we have used common sense and the only debt we have is our mortgage (and s.t. but only cos of the interest free deal, if it wouldve made it cost more then i wouldve paid it in one hit).
a mate owes about £30,000 through running up cards for coke and whores, all without his wifes knowledge, she turfed him out and he's filing for bankruptcy, told by citizens advice that it wont be a prob as he has no income(sacked), he forged his wifes sig. on a lot of the apps. for cards/loans, now he is a mate but why should he get away with it ? he's quite happy to sit on the dole and work on the side, pays feck all to his ex/kids and basically gets rent/council tax paid, throws bills in the bin unopened, so in effect is better off than i am. i only have anything to do with him now as i was concerned he might top himself, i dont condone his behaviour at all.
now some will say i cant be that bad off as go to all the games, the fact is i do without everything else to go the match, i haven't been in a pub this year as far as i can remember,never eat out apart from sayers/chippy yet the ones with the debts are in there all the time. all spare cash goes on kids activities and tbh i would stop going to the match before i would make them do without.
i wish house prices would drop to what we paid, i wont be out of pocket, it would cost me the same to move up, but the debt ridden crowd would then have to face up to their 'got to have' mentalities.
we sat back watching their debt rise, us doing without while they got everything they desired, the thing is though they have all these things, we are still without. they say that if it gets to where they cant pay it then they will run it to the max and then just stop paying and go for bankruptcy, something that a lot are doing.
i know a debt collector who gets like £2 a week from someone who owes tens of thousands, so clearly the debt will never be repaid. we have used common sense and the only debt we have is our mortgage (and s.t. but only cos of the interest free deal, if it wouldve made it cost more then i wouldve paid it in one hit).
a mate owes about £30,000 through running up cards for coke and whores, all without his wifes knowledge, she turfed him out and he's filing for bankruptcy, told by citizens advice that it wont be a prob as he has no income(sacked), he forged his wifes sig. on a lot of the apps. for cards/loans, now he is a mate but why should he get away with it ? he's quite happy to sit on the dole and work on the side, pays feck all to his ex/kids and basically gets rent/council tax paid, throws bills in the bin unopened, so in effect is better off than i am. i only have anything to do with him now as i was concerned he might top himself, i dont condone his behaviour at all.
now some will say i cant be that bad off as go to all the games, the fact is i do without everything else to go the match, i haven't been in a pub this year as far as i can remember,never eat out apart from sayers/chippy yet the ones with the debts are in there all the time. all spare cash goes on kids activities and tbh i would stop going to the match before i would make them do without.
i wish house prices would drop to what we paid, i wont be out of pocket, it would cost me the same to move up, but the debt ridden crowd would then have to face up to their 'got to have' mentalities.
Having worked for the Insolvency service, I would advise anyone with serious debts to file for Bankruptcy. Its a no brainer. [FONT="][/FONT]
GhostOfDixie
Player Valuation: £70m
It's what I did 3 years back. 2 years to go and I will be debt free.
Not much to it really is there?
Especially now, they are putting them through like wildfire.
GhostOfDixie
Player Valuation: £70m
Its the best option, the way I see it banks have been screwing us for years. Through money at me when I was a student like I was a whore in a strip club. So as most people will do and have done, and that's take it and then spend it. But that's down to personal control, and I admit I struggled with it. Not from a rich family so when I had the cash I wanted to make the most of it.
Since then I got financially raped by the banks via charges, my Dad lost his business due to charges alone. So IVA was a way of relieving the pressure.
Remember credit is bad. If you have mucho cash, why do you need credit. If you don't have cash, then credit will just get you into more debt.
When I had a credit card I was spending it rather than cash that I had in my pocket, it was like it was invisible money.
Anyway. I'm off to mug Bruce for his vast personal fortune.
I don't really get the whole charges thing. Banks only charge you if you go overdrawn or borrow money you don't have at short notice. So if you don't do that then you don't get charges. That's how I see it really. Plan your budget well and you'll be fine. Plenty don't though. Basic financial literacy in Britain isn't good. My brother was pretty bad, borrowed way too much and got into trouble. It's galling that recklessness seems to be rewarded though, seems a perverse decision by the powers that be.
Blue_in_london
Player Valuation: £10m
Banks put you under a lot of pressure - I've had angry bank staff cold call and criticise my lack of credit like I'm an idiot. They tried to persuade me that buying on credit is normal and living on what you can afford is abnormal.
Question it and they get really annoyed (at not increasing their commission).
Question it and they get really annoyed (at not increasing their commission).
Still not right though is it. Everyone has the power to say no. I mean Ghost, you have another thread where you tell us about a client who once he pays you can buy your season ticket. How would you feel if he didn't pay and declared bankruptcy?
Adults should take responsibility for their own actions, be it financially or otherwise. You're no more in debt because of the banks than you are fat because of places like McDonalds.
Adults should take responsibility for their own actions, be it financially or otherwise. You're no more in debt because of the banks than you are fat because of places like McDonalds.
Nebbiolo
Valuation: £108 million
I agree with the crux, but in saying that, the banks deserve a real kicking because of their practices during the last few years. And while a lot of borrowers have been reckless, it's also true that many lenders have been equally reckless, sometimes to the point of misrepresenting the products they sold. In addition, the mounting interest that people are paying on overdue accounts is appalling. If it is the case that X really can't pay, the banks need to to be made to do something so that X doesn't end up 30k in debt due to an initial 3k borrowed.
I'm really not a fan of banks.
I quite agree Neb, and really don't agree with the bank bailout either. They've messed up, they should take the consequences, that's how capitalism works. Failure is a vital part of the learning process.
Nebbiolo
Valuation: £108 million
A few banks have actually gone to the wall over here (little local ones). The largest bank, Den Danske Bank, even went cap in hand to the government for help during the crisis. The government offered to help Den Danske Bank, but with the stipulation that hideously large and undeserved bonuses to the top brass, were curtailed. They refused that condition. Thus, they got no help. But at least the executives can continue to enjoy their second homes and speed boats in the Bahamas.
I suspect the problem is that society is so wedded to debt now. We're up to our eyeballs in the stuff and couldn't possibly function without it. Which probably explains the maddening scenario of a government falling over itself to get banks lending again to get us out of a crisis caused by excessive lending. This video was posted on my forum the other day
YouTube - Daniel Hannan MEP: The devalued Prime Minister of a devalued Government
Only spoilt by the sight of that smug ****er smirking away!
YouTube - Daniel Hannan MEP: The devalued Prime Minister of a devalued Government
Only spoilt by the sight of that smug ****er smirking away!
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