1991 starlet owner Posted August 29, 2013 Posted August 29, 2013 Hello to all!So as it says on the tin really. I've recently fully repaid my credit card debt which I've been letting mount up for the past 2 and a bit years and it does feel epic not owing any dollar!So share your stories of things you've purchased and wished you hadn't, nightmare stories and possibly good ways of switching cards to make the most of interest rates etc!Tom. Quote
mikey4410 Posted August 29, 2013 Posted August 29, 2013 Been in the same position,but easy to then geta loan again.way to easy Quote
1991 starlet owner Posted August 29, 2013 Author Posted August 29, 2013 Hahaha yeah! You wouldn't believe what my credit card limit is considering my age and income!! Tom. Quote
rinseep82 Posted August 29, 2013 Posted August 29, 2013 Took out a 6 grand finance on a fucking 1.4 mg zr for 5 year only just paid of last year what a waste of money lol Quote
Fozzie Posted August 29, 2013 Posted August 29, 2013 (edited) I got my credit card when I was 18; I didn't meet any of the criteria regarding income, length of employment, had no credit history etc.They promptly gave me a card with a £2k limit, which needless to say I maxed out Did clear it in a couple months though tbf so all was well. Of course this was all pre 'global meltdown'.I'm much more careful now I've moved out and own my own place, it's way too easy to dig yourself into a hole and can be an absolute pain in the flaps getting back out! Edited August 29, 2013 by uberphil88 Quote
bucketep91 Posted August 29, 2013 Posted August 29, 2013 Ive never taken credit on anything! If i want something i save for it. Fuck being in debt! Quote
1991 starlet owner Posted August 29, 2013 Author Posted August 29, 2013 Hahaha yeah definitely is a pain in the ass getting back out!! My first limit was £2,000 considering I was working full time at Tesco and only on about £800ish a month. My current limit is ridiculous at £7,700 and In no way reflects my salary.I think it's wrong the way you can up your limit online. I think it leaves weak willed people at the mercy of interest rates.Perhaps they should cap it at say £5,000 online or something. Tom. Quote
Phil Posted August 29, 2013 Posted August 29, 2013 (edited) hate paying off loans myself. mortgage and personal loan soon eats into my 'spare' cash. need to set up an over payment asap to get rid of my debt. Phil Edited August 29, 2013 by Philm Quote
1991 starlet owner Posted August 29, 2013 Author Posted August 29, 2013 Took out a 6 grand finance on a fucking 1.4 mg zr for 5 year only just paid of last year what a waste of money lolI personally really like the look of the mg zr's. what are they like to own??Tom. Quote
rinseep82 Posted August 29, 2013 Posted August 29, 2013 (edited) I personally really like the look of the mg zr's. what are they like to own??Tom.Dog shit had it a year n flogged it lmao boring slow unreliable poorly built handle really well tho Edited August 29, 2013 by rinseep82 Quote
griffo20022 Posted September 2, 2013 Posted September 2, 2013 Ive got two more months of a loan payment then im free! After 7 years I think haha! Ill defo need to celebrate with something! Quote
1991 starlet owner Posted September 2, 2013 Author Posted September 2, 2013 Hahahaha yeah!!! A lovely big bottle of glenmorange I reckon! Just think of what you can get for 5k now! But hen again I would never buy a car on finance! Not now knowing what it feels like to be in debt for so long!! Tom. Quote
griffo20022 Posted September 2, 2013 Posted September 2, 2013 ^^ too true! Ive vowed to never have a loan again! I would have been paying longer but I reclaimed the PPI off it and because theres an outstanding amount the reduction with the PPI taken off literally cut the outstanding amount in half! I think overall I lent about 5500 approx and from that I reclaimed 3400 in PPI with another 300 knocked off the outstanding amount! Couldn't believe it! Quote
Bluebear Posted September 2, 2013 Posted September 2, 2013 Got a £2,000 limit CC last year when i was needing to get the GT on the road, and that got stuffed with costs like coilovers, clutch etc etc. Cleared it off a couple of months ago, and just put the car insurance payment on it which I can easily clear. Trick is to not just let it get too out of hand. Quote
PaulStarletSR Posted September 2, 2013 Posted September 2, 2013 Took out a 6 grand finance on a fucking 1.4 mg zr for 5 year only just paid of last year what a waste of money lol LMAO Quote
1991 starlet owner Posted September 2, 2013 Author Posted September 2, 2013 Yeah all the ppi stuff has helped a lota people out!!!! In my mind their fuck up was a win win for all of us!!! Because if you lost your job unexpectedly for example you could use it... But if not could claim loads back! Quote
shorty Posted September 2, 2013 Posted September 2, 2013 I finished a 14k 10year loan in may, was epic finaly fucking it off! Was a stupid 18/19yr old. Lived like a king till i was 20 mind lol. Quote
jimbolina25 Posted September 5, 2013 Posted September 5, 2013 I work for provident.. for some people It's like I deal crack. Fortunately I've been doing the job long enough to know when someone should'nt get a loan. Quote
1991 starlet owner Posted September 8, 2013 Author Posted September 8, 2013 I work for provident.. for some people It's like I deal crack. Fortunately I've been doing the job long enough to know when someone should'nt get a loan.In my opinion noone should ever get a loan. When you borrow money they own you! There are more important things in life.. And the most important things in life ARE FREE!!Tom. Quote
morgey Posted September 8, 2013 Posted September 8, 2013 Im 25 and have never owned a credit card and don't want one. My brothers the same at 27, his problem is he has absolutely no credit history. Whereas I've had a contracted phone which has contributed slightly lolIm with most other people, if i want something ill save for it. The only 'loan' ill take out is a mortgage Quote
yaristurbo Posted September 9, 2013 Posted September 9, 2013 (edited) never done credit apart from snap off and mac, going for a morgage now tho Edited September 9, 2013 by yaristurbo Quote
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