life without credit

Not sure what your point is TBH. Yes of course I've used credit in the past... I suspect that 90% of the peeps on here have...

[Bibio]

Originally Posted by specialone

Whats so wrong with credit anyway?
As long as you can afford it.

nothing if you like that sort of thing.

i was asking what your life would be like without it e.g. what things in your house would you not have if there was no credit?

Bibio, do you work for a bank

Originally Posted by Bibio

nothing if you like that sort of thing.

i was asking what your life would be like without it e.g. what things in your house would you not have if there was no credit?

Probably fook all lol

[Bibio]

Originally Posted by Ed

Bibio, do you work for a bank

that would be a no then...

[Jayneflakes]

Only one loan and that is for the SV, half paid off and just over two years to go.

I swapped Credit cards a while back when I found out that my Bank dealt with Weapons companies. I moved to what I hope would be a more reputable company. Sadly they were sold recently and my Credit card is now own by MBNA, a real bunch of legalised sharks. Paying it off rapidly to get rid of the Damn thing. It seemed like a good idea three years ago when I was earning nearly £20K, now I am on less than half of that and a Credit Card bill every month is not what I want, I am just glad it is a small one, I have had friends who have Credit Card monthly payments that are in triple figures. Frightening.

My biggest monthly expense though is my Council Tax bill, which takes just over a sixth of my monthly income. I have just made the last payment and am now so much better off each month, at least until April 2010.

Time to get a better job, my mate who used to sell crack earned way more than me!

[Bibio]

Jayne do a 0% transfer to another card.

[Bri w]

Pretty much all the big purchases I've made in over 30 yrs have been via credit. Some have been paid off fairly quickly whilst others have run full term.

My ethos is pretty simple; do I wait x amount of time for something I would like or get it now and have the enjoyment of it straightaway. The interest I pay equates to the time I buy to have that product. And to me time is priceless in so much as you can't decide tomorrow to buy today's fun.

Also, there's money in the bank account but I'd prefer to spend other people's (banks') money.

If someone else does it different thats their choice - no problem either way

Originally Posted by Bri w

Pretty much all the big purchases I've made in over 30 yrs have been via credit. Some have been paid off fairly quickly whilst others have run full term.

My ethos is pretty simple; do I wait x amount of time for something I would like or get it now and have the enjoyment of it straightaway. The interest I pay equates to the time I buy to have that product. And to me time is priceless in so much as you can't decide tomorrow to buy today's fun.

Also, there's money in the bank account but I'd prefer to spend other people's (banks') money.

If someone else does it different thats their choice - no problem either way

+1 couldnt have put it better myself

[Bibio]

i'm not knocking credit.

what i'm saying i guess is, how would your lifestyle be if there were no credit?

what things would you not have as you would otherwise not have been able to afford them.

i only ask as when i grew up almost no one had credit or it was a lot harder to get and everyone i knew seemed poor by today's standards. now it seems that everyone i know is living in relative luxury but are up to their eyeballs in debt (i know of a few people who are at least £30k in debt and that not including their mortgage) which makes them utterly miserable.