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Ha there's irony, they're clever those ads.. Looking at the one on the right about Colin from Grimsby writing off £15,700 debt, that's the other plague, every night some auto tele message urging me to just write it off.
So there's a decision who you you respond to, CallmeDave telling you to pay it off or an STW ad telling you to write it off?
Sorry, Dave. I don't use Credit Cards as I'm not a stupid moron with no sense of economics....
Lost it now Derek - just wiggle telling me to "save £££s....shop now!"
I love the irony in all these adds - but clever or dangerous? That's my point.
[url= http://www.bbc.co.uk/iplayer/episode/b015ck8y/Capitalism_on_Trial_Episode_2/ ]Well worth listening to this where Michael Portillo, that well know socialist traces the current crisis directly back to Lawson and the Big Bang[/url]
Regardless of whether you agree with it or not its interesting and really does underpin how hugely difficult it is to resolve what has happened.
I'm not a stupid moron
Well every day's a school day.
Sorry, Dave. I don't use Credit Cards as I'm not a stupid moron with no sense of economics....
Funny that as I do because I'm not a stupid moron with no sense of economics....
I just pay it off each month and make 1%.
No point paying off my mortgage as I can get more interest from a savings a/c then my mortgage costs me.
I used by pay rise to pay off debt. Trouble was it was only £150 so it didn't go very far. In fact inflation wiped it out.
I don't have a mortgage, but then i'm only 29 and won't be able to afford a house for another 10 years or if my parents die. Condescending ****.
camo16 - Member
Guys, I've just read Nick Robinson's BBC blog (I'm proper clever, me) and it's all been taken out of context:
Nick Robinson, former president of Oxford University's Conservative Association...
A PM with a simple message warning about credit cards
Well yes it is simple and good for the long term,. However it is daft for right now/ I would say spend what you have, don’t panic , reduce your debt over time. Reducing what is spent in the economy right now will not help us get out the trough caused by reduced demand caused by reduced peole having jonbs it iwll just lead to a spiral downwards - even Dave seems to be realising the wave of capitlasim has not engulfed us all with jobs
2. Sponsors on STW advising people that they have a credit card for them? Hmmm, 35% APR anyone??????
Obviously credit cards are daft and I don’t use mine except for the insurance .
It would be interesting to know what (if any) mtb he owns.
IIRC dave has had his bike nicked 3 times this year
+ 1 What iDave said, but with more sarcasm.
Nick Robinson, former president of Oxford University's Conservative Association...
National Chairman of the Young Conservatives in 1986 while Thatch was Prime Minister.
We're supposed to spend as well, buy things etc. Thankfully everyone has loads of money left left over at the end of the month to spend and also pay off debt as no businesses are struggling, everyone's had great pay rises and no one is out of work.
+1000
[url= http://www.bbc.co.uk/news/uk-politics-15171917 ]uturn if you want to[/url]
probably an "oi" phone call from barclaycard.
Why was James Brown never known as "Call-me-Gordon", I wonder.
Why on earth would I want to pay of my debts? Inflation is eroding the value of my debt, and I earn more interest on my savings than I pay on my mortgage.
The government is using exactly the same process - it holds interest rates lower than inflation to erode public debt - so they should be pleased that I'm following their example. Clearly, no-one told Dave.
Ransos - he was talking about credit cards - approx 20%+ APR
Sorry, Dave. I don't use Credit Cards
Snap.
Ransos - he was talking about credit cards - approx 20%+ APR
My mortgage is a debt. Cameron advised me to deal with my debts. The way I am dealing with my debt is using inflation to erode it.
Hope this helps.
It doesn't because listening to the speech (with the revised text after all the ridiculous BS overnight) he said:
The only way out of a debt crisis is to deal with your debts. That's why households are paying down their [b]credit card and store card bills[/b].
So on that basis alone, I can't fault the good advice to pay down debts that charge 20%+ APRs
Mortgages are a different matter all together.
Dont the government count paying off debt as saving money?
What a fantastic bit of spin . Consolidation loans to pay off CC debt to fund this months latest 'must have' elctronic gadget . This is then added to for a newer car to keep up with the neighbours , and next months latest gadget , and a dishwasher .
Then all of a sudden you are paying off debt with debt and its all gone horribly wrong . The electronic gadgets are worthless as they are either broken or worthless as they have been replaced by version 9 . Plus the car you bought has depreciated and you owe 3 x its current value .
At least we still give billions in overseas aid whilst making servicemen redundant as we cant afford a boat / plane / boots for them .
Im not an economist but really do these polititions all have crack habits?
Nick Robinson, former president of Oxford University's Conservative Association...
National Chairman of the Young Conservatives in 1986 while Thatch was Prime Minister.
I knew there was a reason why I don't like him.
I know where he lives. I'm off to throw a brick through his window....
Then all of a sudden you are paying off debt with debt and its all gone horribly wrong . The electronic gadgets are worthless as they are either broken or worthless as they have been replaced by version 9 . Plus the car you bought has depreciated and you owe 3 x its current value .
You've got to laugh at people like that though, jolly well have not you? Speshly when they try to blame anyone but themselves; banks, politicians, The Darkies, mobile 'phone masts, East Yerpeans, etc....
I might also poo through his letterbox.
10 mens debt is another mans duck island