Unfortunately not...The economy is so great, nobody needs payday loans any more
Linky
"Households in the UK are the second most indebted among G8 nations"
Unfortunately not...The economy is so great, nobody needs payday loans any more
said on the radio that if they are taken into admin. The loans will be called in ??
Poundworld went bust apparently due to mismanagement. I remember hearing about it at the time.Pay Day loan sharks going bust along with Poundland...
I wonder what that tells us about the economy?
And what we have to look forward to!
"Households in the UK are the second most indebted among G8 nations
Could this be down to higher house prices and buying new cars?
Holidays maybe?
Yep, I don't understand it either, never had a new car, the newest thing I ever owned was a 3 year old van as I needed something reliable and I thought that was a real treat!!Cars don't cost the earth if you're happy not being flash. How much debt is incurred because of the desire to have flashy new cars rather than a practical motor that you can realistically afford.
Yep, I don't understand it either, never had a new car, the newest thing I ever owned was a 3 year old van as I needed something reliable and I thought that was a real treat!!
Used to be this security guy working nights where I live, and would stop and chat to him when I walked the dog. He always had flashy cars, new on finance. But he also told me how much debt he was in, had to remortgage the house in order to pay off his debts and struggled from month to month even after that. I asked him once why he had a car that cost quite a few hundred a month and he just said he thought it was important to look the part. Weird.
I can't get my head around the amount of people I know with Mercedes, Audi's, brand new cars etc on finance.
I've never had a brand new car and when I do buy motors I always pay cash.
Cars don't cost the earth if you're happy not being flash. How much debt is incurred because of the desire to have flashy new cars rather than a practical motor that you can realistically afford.
A lot of these car warehouse type places don't really want to sell them to you for cash, they want you to be on a finance plan because that's where they earn the most money - they sell over priced cars with sky high milage and no real history of ownership because it's so easy for people to walk in, take out a finance deal and worry about it tomorrow.
Bodd, what van you got? Is it any good?
Andy
can't get my head around the amount of people I know with Mercedes, Audi's, brand new cars etc on finance.
Sensible!Ive never had a vehicle on finance always bought with cash. I save each month an amount for a car.
Mercedes is now the label to buy these days if you are young.
It amazes me how many young people in there mid 20s I see driving nearly nee or new mercs. Cheap cheap finance deals.
Ive never had a vehicle on finance always bought with cash. I save each month an amount for a car.
Surprisingly there isnt much difference between owning or leasing, the cost of running a car is pretty similar either way, I just cant bring myself to pay out £300 - £400 per month.