Emergency Budget

[dizzyblonde]

Debts(ie cards, mortgages and loans) that are managed correctly are of no concern to anyone but the people who have them.
I've owned my home since 23 mr Owenski, I have lived a single parent for 8 years, have worked full time, paid my taxes like anyone else, have had credit cards, loans etc too. However I am the only accountant of the house and therefore manage my house affairs down to the smallest detail, I do not live beyond my means, yes I have had tax credits in the past, but haven't had them since Peg moved in, even though we are entitled.

You cannot blame the public for spending lots of money, its the banks etc that have lent so freely to those who shouldn't be having loans, cards and mortgages without cutting their throats financially, and the banks have known this.

Oh and I don't want a fall in house prices, or I won't move to France, and live like a hermit, swig wine, and wave sticks like a senile old boot in comfort without being put away for being mad!

Originally Posted by yorkie_chris

So lose £20,000 due to a drop in house prices and theoretically an interest only 100% mortgage.

Far better than losing £30,000 from somebody who did not pay his credit card bill from shagging hookers in Thailand!

Hey i have never been to Thailand.

[gruntygiggles]

Bluefishman.....the problem is not with people that have credit and make all the payments, it's with people that have credit with everyone that will give it to them and don't make payments. The government has to step in and help.

You've seen all the adverts for wiping out 75% of your debt......the minimum debt to qualify for this is £15,000 and just going on how many of these companies advertise gives an idea of how many people there are in the UK that are wiping out 75% of debts worth more than £15,000. That adds up to a lot of money.

Unfortunately, there are to many people that almost need to live in a nanny state as they have zero self control.....and we good people end up paying for their greed and the bankers irresponsible lending.

Yeah i know GG, i am bombarded with emails phone calls etc about wiping out all my depts, doesn't tell you though that they will take your house car and bike to settle as much dept as they can, fair doos if you're going down that road, but i want that stuff otherwise i wouldn't have bought it in the first place, so you have to pay for it. I could have written of all my dept ages ago and may have been better off for doing it now, ie jumped on the band wagon, however it is a matter of principal, you borrow you pay it back no matter how long it takes. I can now see the light at the end of the tunnel, probobly another train coming, lol.

[punyXpress]

AR11 at yours, then dizzyblonde?
'tis time there was an away match.

[dizzyblonde]

Just to be pedantic a few keep posting the word 'dept' which is short for 'department', its DEBT

[yorkie_chris]

Originally Posted by gruntygiggles

Unfortunately, there are to many people that almost need to live in a nanny state as they have zero self control.....and we good people end up paying for their greed and the bankers irresponsible lending.

A nanny state is nowhere near the same thing as banks with a modicum of restraint!

A nanny state requires far more tax to administer all the BS and encourages borrowing, whereas a more liberal state would encourage personal responsibility.

[gruntygiggles]

Originally Posted by yorkie_chris

A nanny state is nowhere near the same thing as banks with a modicum of restraint!

A nanny state requires far more tax to administer all the BS and encourages borrowing, whereas a more liberal state would encourage personal responsibility.

It was a general "some people are incapable of responsibility" statement Chris...not a serious one

[yorkie_chris]

Aye but with the same general attitude if there was less government meddling then people would not expect to be pulled out of the clinging sh*t puddle of their own stupidity!

What's the phrase... "just because you can, doesn't mean you should".

Originally Posted by dizzyblonde

Just to be pedantic a few keep posting the word 'dept' which is short for 'department', its DEBT

That was bugging me too!!