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[STMO123]

In answer to your two questions Dusty.

1) Yes, they are crooks.

2) Yes, it is legal.

[tunnie]

.....
You have to use credit cards as a tool, never spend in a month what you can't pay back is my motto.

Mine gets paid off in full every month.

Fine sentiments if you have the income to do so. Not everyone is able to do so.  

But there is the problem, never spend what you cannot afford.

If you can't afford to pay an item off in the month you buy it, then don't buy it! Simple.

Some people seam to think credit cards are free money, and end up owing £10,000+

And what exactly do you do when you have just bought a house, spent your savings and the oven packs up or the boiler goes.....

.....and you cant tap your parents up for cash!

Easy, don't use a bloody credit card! As mentioned you get stupid APR rates of about 30%

If needs must, get a propper loan through a bank or a supermarket!

I doubt very many of the people in debt actually used their cards for vital needs, broken boilers, windows, house repairs.

Its all spent on cars, shopping, holidays!

For me, i would not put all my money into a house, i will still keep a decent amount spare for just such needs.

[willyboy]

Yes its the norm now 3% so you will have to bite the bullet for that!

List of em all here
http://www.moneysupermarket.com/cards/results.aspx?cardEnquiryId=1395635

[Chris_H]

And what exactly do you do when you have just bought a house, spent your savings and the oven packs up or the boiler goes.....

.....and you cant tap your parents up for cash!

It goes something like.....

'Oh dear, now I'll have to save up for the boiler and it will be cold until I do.  I must be more careful in future.'

The days of safely(?) putting all your money on a house are long gone.

It's true that makes it VERY hard for young FTBs.

[Andy B]

....
Easy, don't use a bloody credit card! As mentioned you get stupid APR rates of about 30%

If needs must, get a propper loan through a bank or a supermarket!

I doubt very many of the people in debt actually used their cards for vital needs, broken boilers, windows, house repairs.

Its all spent on cars, shopping, holidays!

For me, i would not put all my money into a house, i will still keep a decent amount spare for just such needs.

I'd be loaded if I still lived with my Mum & Dad ......  

[nick v6]

best thing is to find a company that does free money transfers
interst free
so keep swopping the balnce from company to company to keep it interest free

Not possible these days Nick.
There is always a balance transfer cost,sometimes 3% for 6 months only. :-/ :-/

sorry
i was 19 when i had my credit card and got into trouble and started taking out loans to clear loans and got into big big debt
its all sorted now well about 3 years ago i got it sorted
but i was in a mess
i think in total i owed about 28grand in total

[Marks DTM Calib]

And what exactly do you do when you have just bought a house, spent your savings and the oven packs up or the boiler goes.....

.....and you cant tap your parents up for cash!

It goes something like.....

'Oh dear, now I'll have to save up for the boiler and it will be cold until I do.  I must be more careful in future.'

The days of safely(?) putting all your money on a house are long gone.

It's true that makes it VERY hard for young FTBs.

Try telling that to a wife and 2 young children in mid winter.

I only used it as an example, some people dont have the same means as others ( I to pay the card off in full every month and have savings).

[tunnie]

best thing is to find a company that does free money transfers
interst free
so keep swopping the balnce from company to company to keep it interest free

Not possible these days Nick.
There is always a balance transfer cost,sometimes 3% for 6 months only. :-/ :-/

sorry
i was 19 when i had my credit card and got into trouble and started taking out loans to clear loans and got into big big debt
its all sorted now well about 3 years ago i got it sorted
but i was in a mess
i think in total i owed about 28grand in total

 

[nick v6]

best thing is to find a company that does free money transfers
interst free
so keep swopping the balnce from company to company to keep it interest free

Not possible these days Nick.
There is always a balance transfer cost,sometimes 3% for 6 months only. :-/ :-/

sorry
i was 19 when i had my credit card and got into trouble and started taking out loans to clear loans and got into big big debt
its all sorted now well about 3 years ago i got it sorted
but i was in a mess
i think in total i owed about 28grand in total

 

most of the debt was from my ex
we got engaged and she wanted everything
and me being me (a prat)
she got it
and when she couldn't get any more she was gone
the gold digging cow

[tunnie]

best thing is to find a company that does free money transfers
interst free
so keep swopping the balnce from company to company to keep it interest free

Not possible these days Nick.
There is always a balance transfer cost,sometimes 3% for 6 months only. :-/ :-/

sorry
i was 19 when i had my credit card and got into trouble and started taking out loans to clear loans and got into big big debt
its all sorted now well about 3 years ago i got it sorted
but i was in a mess
i think in total i owed about 28grand in total

 

most of the debt was from my ex
we got engaged and she wanted everything
and me being me (a prat)
she got it
and when she couldn't get any more she was gone
the gold digging cow

I know the feeling when i split up with my ex about 2 years ago i had nothing to my name, zero savings, nothing!

2 years on, got some heathly 5 figure savings in the bank, learnt to snowboard, and took myself to europes larges indoor snow zone in Holland, and gone to the alps, been on about 4 other holidays, and learnt to ride a motorbike.

 

[Marks DTM Calib]

And still have not got your leg over...

[platty]

It is all circumstantial at the end of the day - as tunnie says, don't spend what you cannot afford, but that is alot easier said than done for many people.

As far as Dusty is concerned, by my reckoning 3% of £3500 is £105 equivalent to 2.5 months worth of interest - if you got yourself a card with 12 months interest free, you would be able to pay a minimum of £462 off it (10.5 months at £44 - what you would have been paying regardless) anything else you can pay off on top of this is a bonus.

Would this be a possible route in the right direction?

[tunnie]

And still have not got your leg over...

Women are very much like V6 Omegas

1) High Maintaince
2) Never really happy with you
3) Always want your time, always something to be done
4) Thirsty on the wallet

I am having far too much fun not owning one, i am happy with my 4pot Omega and bike!  

[r1]

And still have not got your leg over...

Women are very much like V6 Omegas

1) High Maintaince
2) Never really happy with you
3) Always want your time, always something to be done
4) Thirsty on the wallet

I am having far too much fun not owning one, i am happy with my 4pot Omega and bike!  

men without v6
1]low maintaince[man at charity shop]
2]miserable
3]have a lots of time and nothing to do
4]lots of money[but dont no how to enjoy it]
 

[nick v6]

And still have not got your leg over...

Women are very much like V6 Omegas

1) High Maintaince
2) Never really happy with you
3) Always want your time, always something to be done
4) Thirsty on the wallet

I am having far too much fun not owning one, i am happy with my 4pot Omega and bike!  

men without v6
1]low maintaince[man at charity shop]
2]miserable
3]have a lots of time and nothing to do
4]lots of money[but dont no how to enjoy it]