James_DT
Member
Registered: 9th Apr 04
Location: Cambridgeshire
User status: Offline
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£60 a month on £23k IIRC.
That MoneySavingExpert guy was on the radio earlier saying that the interest on student loans taken out after 1998 is under 2% at the moment.
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tom_simes
Show Staff
Organiser: South Wales
Premium Member
Registered: 12th Jan 05
Location: Undy, Newport Drives: Skoda Octavia vRS estate
User status: Offline
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Really? That's good news.
Ok, I think I overexaggerated when I said 4.5% - I think I had a letter through last summer saying it was 4% though, but being dropped to 3.5% in October 2008 due to the impending financial situation. Obviously, this was worse than the SLC imagined it to be!
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Pablo
Member
Registered: 3rd Feb 03
Location: Milton Keynes
User status: Offline
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quote:
Originally posted by Ojc
What the fuck is wrong with borrowing money to buy a car, do up a house, go on a round the world trip etc? I've borrowed thousands over the years, I've paid back every penny and I've never been worse off for it.
There seems to be some very disturbing views on having personal loans/credit cards.
If none of you have debt, and never have, do explain to me how you intend on getting a mortgage in the future?
You are a lenders worst nightmare.
[Edited on 17-03-2009 by Ojc]
Jog on mate, just interested in what every one is doing in this so called credit crunch - Does it stop people borrowing or not
[Edited on 18-03-2009 by Pablo]
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liamC
Member
Registered: 28th Feb 04
User status: Offline
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1.5k student overdraft which should be gone by the end of the year.
10k left on my personal loan which I'm hoping will be gone by the end of the year as well.
My missus is 28, completely debt free, never had a credit card card, and every bit of brass on payday is hers. I hate her for it!
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willay
Moderator
Organiser: South East, National Events
Premium Member
Registered: 10th Nov 02
Location: Roydon, Essex
User status: Offline
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oh the clowns in here, a debt is a debt is a debt is a debt. Regardless if its credit card, house, sofa, store card, car, its a debt.
unless i have a very sudden change of circumstances I'll be debt free until I get a property. I started using credit cards a few years back for petrol and daily things to try and build up a credit history!
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liamC
Member
Registered: 28th Feb 04
User status: Offline
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quote:
Originally posted by willay
oh the clowns in here, a debt is a debt is a debt is a debt. Regardless if its credit card, house, sofa, store card, car, its a debt.
unless i have a very sudden change of circumstances I'll be debt free until I get a property. I started using credit cards a few years back for petrol and daily things to try and build up a credit history!
That's the one problem that my missus has from being debt free all her life.... no-one will give her a CC now!!
[Edited on 18-03-2009 by liamC]
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willay
Moderator
Organiser: South East, National Events
Premium Member
Registered: 10th Nov 02
Location: Roydon, Essex
User status: Offline
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to be fair I'm not absolutely sure how my credit history is, I've paid off every bill on my credit card since i've had it but then again Capital One will give any sod a credit card 
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XSIHardy
Member
Registered: 5th Feb 08
User status: Offline
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may be soon depends if get a new car 
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Half Pint
Member
Registered: 25th Mar 02
User status: Offline
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quote:
Originally posted by willay
to be fair I'm not absolutely sure how my credit history is, I've paid off every bill on my credit card since i've had it but then again Capital One will give any sod a credit card
your still a leanders worst nightmare as you never really borrow any money and they don't earn anyiterest off of you.... but as you say you've never defaulted so you should be fine!
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Jamie
Member
Registered: 1st Apr 02
Location: Aberdeen
User status: Offline
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£0
Never been in debt
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willay
Moderator
Organiser: South East, National Events
Premium Member
Registered: 10th Nov 02
Location: Roydon, Essex
User status: Offline
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half pint - yes
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SeanXE
Member
Registered: 17th Jan 09
Location: Luton
User status: Offline
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quote:
Originally posted by BluKoo
quote:
Originally posted by James
Where is the option for 0?
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Patrick
Member
Registered: 25th Apr 02
Location: SE London
User status: Offline
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I'm an idiot. Owe about £18k in total from various loans, credit cards, store cards etc.. the monthly payments are managable but does make me angry with myself knowing I will be paying it back for the next 3-4 years..
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ajscorsa
Member
Registered: 30th Apr 02
Location: Perceton, North Ayrshire
User status: Offline
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I made some bad moves with cars, getting loans to pay for loans and spunked 3k on nothing when i was 18.
regret it all now. I'm paying £233 a month for the next 3 years and only have a 3k golf gti to show for it which sucks.
learned a valuable lesson tho and suppose ill have a great credit rating as ive never missed a payment.
once thats paid, ill never have debt again other than a morgage, c/c for emergencies etc.
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