Keep your eye on your credit status kids.
Nige
finance on the GS800 wouldn't go through. I put it through the company like
the K, so i credit checked our company to find we had a CCJ. I knew nothing
about this & looked further into it. It was for a different fucking company
with a similar name. Letters wrote to sort it & not the end of the world. To
speed up things I told them to just shove it in my name whilst it's sorted.
An hour later I was given the news that it wouldn't go through on me either?
Anyway, the very nice lady from BMW finance told me I was four months in
arrears on a loan i took out to buy out my business partner. Like fuck I was
& a call to Shatwest confirmed this. To be fair to Natwest they contacted
them to sort it.
Just goes to show, twice in one feckin' day.
I'm gonna sign up to a credit status monitoring system.
Don't even get me going about the cunt salesman at work that dumped his car
at the office & left his keys & a pathetic note telling me he couldn't take
the pressure of sales anymore. Only to be found out working for us & another
company at the same fucking time. He's currently getting sued to fuck. No
names mentioned.
What a shit week.
--
Nige, 'That's not my name'
Range Rover Td6 Vogue
BMW K1200S (off soon)
Suzuki GSX-R1000 K3
Focus ST3 (off soon)
Audi A3 Cab
BMW F800GS
Bear
> I'm gonna sign up to a credit status monitoring system.
Have you thought about paying cash for stuff, instead of going for
credit?
> Don't even get me going about the cunt salesman at work that dumped his car
> at the office & left his keys & a pathetic note telling me he couldn't take
> the pressure of sales anymore. Only to be found out working for us & another
> company at the same fucking time. He's currently getting sued to fuck. No
> names mentioned.
>
> What a shit week.
For him, maybe ... I can't see why it's anything you'd worry about.
--
2002 Yamaha R1
Saab Aero Sport
Lozzo
> Don't even get me going about the cunt salesman at work that dumped
> his car at the office & left his keys & a pathetic note telling me he
> couldn't take the pressure of sales anymore.
I left a job working for a Manchester firm once because they were
monumentally shite. I phoned them to say I'd be leaving, they told me
to drive the car back up to Manchester and I'd have to make my own way
home to Norwich. I told them to get fucked and that the car was going
to be outside my house if they wanted to collect it, and the keys to it
would be up the exhaust.
Three weeks later someone arrived and drove it away.
--
Lozzo
SV650S K5, CBR600F-W, SR250 SpazzTrakka
and a shit load more 2-wheeled junk in the garage
I believe in free speech, but I still have to pay my phone bill
Nige
> In article <6l1pt6F...@mid.individual.net>, Nige says...
>
>> I'm gonna sign up to a credit status monitoring system.
>
> Have you thought about paying cash for stuff, instead of going for
> credit?
Uh? I pay cash for nearly eveything including cars & bikes. But you need a
clean credit report for when you need credit.
>
>> Don't even get me going about the cunt salesman at work that dumped his
>> car
>> at the office & left his keys & a pathetic note telling me he couldn't
>> take
>> the pressure of sales anymore. Only to be found out working for us &
>> another
>> company at the same fucking time. He's currently getting sued to fuck. No
>> names mentioned.
>>
>> What a shit week.
>
> For him, maybe ... I can't see why it's anything you'd worry about.
hhhmmm
--
Nige, 'It's all about the speed'
Range Rover Td6 Vogue
BMW K1200S
Nige
> Nige wrote:
>
>> Don't even get me going about the cunt salesman at work that dumped
>> his car at the office & left his keys & a pathetic note telling me he
>> couldn't take the pressure of sales anymore.
>
> I left a job working for a Manchester firm once because they were
> monumentally shite. I phoned them to say I'd be leaving, they told me
> to drive the car back up to Manchester and I'd have to make my own way
> home to Norwich. I told them to get fucked and that the car was going
> to be outside my house if they wanted to collect it, and the keys to
> it would be up the exhaust.
>
> Three weeks later someone arrived and drove it away.
This fucker was performing well up to the last few weeks when i could tell
he was just dropping off. He had been working for another company all along
& just farming the good stuff to his mate.
He was paid well & had all the trimmings. I even overlooked the fact he was
a councillor & attended meeting in works time (thick twats blog) as he did
his job well.
He didn't cover his tracks very well this last week, he replied to all
whilst trying to steal our work for his other job. He had to jack it in as
on Monday it all became evident.
FFS.
Bear
> Bear wrote:
> > In article <6l1pt6F...@mid.individual.net>, Nige says...
> >
> >> I'm gonna sign up to a credit status monitoring system.
> >
> > Have you thought about paying cash for stuff, instead of going for
> > credit?
>
> Uh? I pay cash for nearly eveything including cars & bikes. But you need a
> clean credit report for when you need credit.
Apart from buying a house, why would you ever need credit?
You presumably have credit cards. They don't check your credit rating
unless you apply for new ones, so what's the problem?
Lozzo
> This fucker was performing well up to the last few weeks when i could
> tell he was just dropping off. He had been working for another
> company all along & just farming the good stuff to his mate.
>
> He was paid well & had all the trimmings. I even overlooked the fact
> he was a councillor & attended meeting in works time (thick twats
> blog) as he did his job well.
>
> He didn't cover his tracks very well this last week, he replied to
> all whilst trying to steal our work for his other job. He had to jack
> it in as on Monday it all became evident.
I trust local politicians even less than I do MPs - I lived with one
for 7 years.
Nige
> Nige wrote:
>
>> This fucker was performing well up to the last few weeks when i could
>> tell he was just dropping off. He had been working for another
>> company all along & just farming the good stuff to his mate.
>>
>> He was paid well & had all the trimmings. I even overlooked the fact
>> he was a councillor & attended meeting in works time (thick twats
>> blog) as he did his job well.
>>
>> He didn't cover his tracks very well this last week, he replied to
>> all whilst trying to steal our work for his other job. He had to jack
>> it in as on Monday it all became evident.
>
> I trust local politicians even less than I do MPs - I lived with one
> for 7 years.
The guys a crook, utter cunt that will feel the wrath. They'll be getting an
injuction shortly if we get our way.
Utter fucking slimball.
wessie
@mid.individual.net:
> I trust local politicians even less than I do MPs - I lived with one
> for 7 years.
>
Indeed.
Although, when he was an electrical contractor, my brother did very well
from a relationship with a councillor on the planning committee...
--
wessie at tesco dot net
BMW R1150GS
Nige
> "Lozzo" <lo...@lozzo.org.uk> wrote in news:6l1uvkFa6eqfU1
> @mid.individual.net:
>
>
>> I trust local politicians even less than I do MPs - I lived with one
>> for 7 years.
>>
>
> Indeed.
>
> Although, when he was an electrical contractor, my brother did very
> well from a relationship with a councillor on the planning
> committee...
These folk make you sick. Time to out the cunt.
Wicked Uncle Nigel
<nigel....@btinternet.com> typed
>wessie wrote:
>> "Lozzo" <lo...@lozzo.org.uk> wrote in news:6l1uvkFa6eqfU1
>> @mid.individual.net:
>>
>>> I trust local politicians even less than I do MPs - I lived with one
>>> for 7 years.
>>>
>> Indeed.
>> Although, when he was an electrical contractor, my brother did very
>> well from a relationship with a councillor on the planning
>> committee...
>
>These folk make you sick. Time to out the cunt.
Oh hardly.
Surely one in a family is enough?
Oh... Wait...
--
Wicked Uncle Nigel - "He's hopeless, but he's honest"
My position was (and, to be honest, largely remains) one of complete ambiguity.
wessie
@mid.individual.net:
> wessie wrote:
>> "Lozzo" <lo...@lozzo.org.uk> wrote in news:6l1uvkFa6eqfU1
>> @mid.individual.net:
>>
>>
>>> I trust local politicians even less than I do MPs - I lived with one
>>> for 7 years.
>>>
>>
>> Indeed.
>>
>> Although, when he was an electrical contractor, my brother did very
>> well from a relationship with a councillor on the planning
>> committee...
>
> These folk make you sick. Time to out the cunt.
>
I don't think he was in the velvet mafia. This was Shropshire. They have
other, err, associations.
Rope
> > Uh? I pay cash for nearly eveything including cars & bikes. But you need a
> > clean credit report for when you need credit.
>
> Apart from buying a house, why would you ever need credit?
Meanwhile, back in the real world......
> You presumably have credit cards. They don't check your credit rating
> unless you apply for new ones, so what's the problem?
Oh yes they do, you know.
--
Rob_P
UKRM(at)indqualtec.co.uk
uppercase(d) BBIWYMC#1 BOG#11? MRO#31 IBCDBBB#1(kotl)
FJ1200, CCM130 Benelli Cabiolet
Easily confused.
ginge
>Bear spoke:
>> > Uh? I pay cash for nearly eveything including cars & bikes. But you need a
>> > clean credit report for when you need credit.
>>
>> Apart from buying a house, why would you ever need credit?
>
> Meanwhile, back in the real world......
He's right you know - the only things I've ever really done on credit
are houses and my last 2 bikes, and then only as kawasaki were doing
0% deals so I could shove the money into my offset mortgage instead..
once in a blue moon I might defer paying the whole month off on the
credit card, but that's fairly rare.
I've a very old-fashioned approach to money though and don't get the
whole idea of paying more for something by borrowing, if you can't
afford it then don't have it.. or save up like previous generations
used to do.
Rope
> >> Apart from buying a house, why would you ever need credit?
> >
> > Meanwhile, back in the real world......
>
> He's right you know - the only things I've ever really done on credit
> are houses and my last 2 bikes, and then only as kawasaki were doing
> 0% deals so I could shove the money into my offset mortgage instead..
> once in a blue moon I might defer paying the whole month off on the
> credit card, but that's fairly rare.
>
> I've a very old-fashioned approach to money though and don't get the
> whole idea of paying more for something by borrowing, if you can't
> afford it then don't have it.. or save up like previous generations
> used to do.
This is fine for singles or couples on decent incomes - the majority of
the population don't have this luxury, including a large number of
self-employed/small businesses, who rely on credit.
How would you manage on your present income and lifestyle if, taking a
purely random example, you had a wife and daughter at Uni, and 2 sons
at college?
ginge
>Ginge spoke:
>> >> Apart from buying a house, why would you ever need credit?
>> >
>> > Meanwhile, back in the real world......
>>
>> He's right you know - the only things I've ever really done on credit
>> are houses and my last 2 bikes, and then only as kawasaki were doing
>> 0% deals so I could shove the money into my offset mortgage instead..
>> once in a blue moon I might defer paying the whole month off on the
>> credit card, but that's fairly rare.
>>
>> I've a very old-fashioned approach to money though and don't get the
>> whole idea of paying more for something by borrowing, if you can't
>> afford it then don't have it.. or save up like previous generations
>> used to do.
>
>This is fine for singles or couples on decent incomes - the majority of
>the population don't have this luxury, including a large number of
>self-employed/small businesses, who rely on credit.
>
>How would you manage on your present income and lifestyle if, taking a
>purely random example, you had a wife and daughter at Uni, and 2 sons
>at college?
Presumably the wife would have saved up to go to uni anyhow, and I
have no idea how much uni costs, but doesn't it all go into some kind
of student loan these days that then gets paid back at a pittance once
the offspring get suitable jobs?
As for college, I don't recall college costing much at all other than
needing a few textbooks and notepads, which incidentally the year
above generally cascaded on to the class below for beer money.. In
fact when I went I think I got by on next to nothing by taking a
packed lunch, and walking the 3 miles each way most days, as it was
good excersise.
Bear
> On Wed, 08 Oct 2008 14:08:33 +0100, Rope <sp...@ukrm.net> wrote:
>
> >Bear spoke:
> >> > Uh? I pay cash for nearly eveything including cars & bikes. But you need a
> >> > clean credit report for when you need credit.
> >>
> >> Apart from buying a house, why would you ever need credit?
> >
> > Meanwhile, back in the real world......
>
> He's right you know
I usually am.
> - the only things I've ever really done on credit
> are houses and my last 2 bikes, and then only as kawasaki were doing
> 0% deals so I could shove the money into my offset mortgage instead..
> once in a blue moon I might defer paying the whole month off on the
> credit card, but that's fairly rare.
Ditto.
> I've a very old-fashioned approach to money though
That doesn't make it wrong.
> and don't get the
> whole idea of paying more for something by borrowing, if you can't
> afford it then don't have it.. or save up like previous generations
> used to do.
If I can afford something I want then I buy it outright. Or save up.
Credit is a mug's game, unless it's on your own terms ... and the worst
is, if your circumstances change, and the credit's withdrawn or
modified, you're *proper* fucked.
Colin Irvine
<the.gin...@THISgmail.com> squeezed out the following:
>On Wed, 08 Oct 2008 14:08:33 +0100, Rope <sp...@ukrm.net> wrote:
>
>>Bear spoke:
>>> > Uh? I pay cash for nearly eveything including cars & bikes. But you need a
>>> > clean credit report for when you need credit.
>>>
>>> Apart from buying a house, why would you ever need credit?
>>
>> Meanwhile, back in the real world......
>
>He's right you know - the only things I've ever really done on credit
>are houses and my last 2 bikes, and then only as kawasaki were doing
>0% deals so I could shove the money into my offset mortgage instead..
>once in a blue moon I might defer paying the whole month off on the
>credit card, but that's fairly rare.
>
>I've a very old-fashioned approach to money though and don't get the
>whole idea of paying more for something by borrowing
Time value of money, innit. The added value to you of something you
want this year rather than next may well be more than a year's
interest.
A trivial example. You have your first kid but no camera to record all
those magic first moments. Get a camera on credit now or save up to
buy a camera in two year's time? The camera may be better and cheaper
then than now, but by then you've missed the first two years of your
kid growing.
--
Colin Irvine
ZZR1400 BOF#33 BONY#34 COFF#06 BHaLC#5
http://www.colinandpat.co.uk
Bear
says...
So buy a cheaper camera.
Cut your cloth ... etc.
ginge
<lo...@bottom.of.home.page> wrote:
>On Wed, 08 Oct 2008 15:09:39 +0100, ginge
><the.gin...@THISgmail.com> squeezed out the following:
>>I've a very old-fashioned approach to money though and don't get the
>>whole idea of paying more for something by borrowing
>
>Time value of money, innit. The added value to you of something you
>want this year rather than next may well be more than a year's
>interest.
>
>A trivial example. You have your first kid but no camera to record all
>those magic first moments. Get a camera on credit now or save up to
>buy a camera in two year's time? The camera may be better and cheaper
>then than now, but by then you've missed the first two years of your
>kid growing.
OK I can see the point you're making but don't completely agree.
Using the camera as an example, why not live within your means and
only spend a fiver on a disposable camera every so often, or borrow
one from friends of family?
Living within ones means isn't a bad thing.
Cane
> >> > Uh? I pay cash for nearly eveything including cars & bikes. But you need a
> >> > clean credit report for when you need credit.
>
> >> Apart from buying a house, why would you ever need credit?
>
> > Meanwhile, back in the real world......
>
> He's right you know - the only things I've ever really done on credit
> are houses and my last 2 bikes, and then only as kawasaki were doing
> 0% deals so I could shove the money into my offset mortgage instead..
> once in a blue moon I might defer paying the whole month off on the
> credit card, but that's fairly rare.
We do exactly this.
Phil Launchbury
Likewise (with the exception of not paying off the credit card - we
always do it every month).
The only debt we have is the mortgage. And thats 50% offset by savings
(in an offset account naturally).
Phil.
--
Phil Launchbury, IT PHB
'I'm training the bats that live in my cube
to juggle mushrooms'
Colin Irvine
<the.gin...@THISgmail.com> squeezed out the following:
>On Wed, 08 Oct 2008 16:33:19 +0100, Colin Irvine
><lo...@bottom.of.home.page> wrote:
>
>>On Wed, 08 Oct 2008 15:09:39 +0100, ginge
>><the.gin...@THISgmail.com> squeezed out the following:
>
>>>I've a very old-fashioned approach to money though and don't get the
>>>whole idea of paying more for something by borrowing
>>
>>Time value of money, innit. The added value to you of something you
>>want this year rather than next may well be more than a year's
>>interest.
>>
>>A trivial example. You have your first kid but no camera to record all
>>those magic first moments. Get a camera on credit now or save up to
>>buy a camera in two year's time? The camera may be better and cheaper
>>then than now, but by then you've missed the first two years of your
>>kid growing.
>
>OK I can see the point you're making but don't completely agree.
>Using the camera as an example, why not live within your means and
>only spend a fiver on a disposable camera every so often, or borrow
>one from friends of family?
Because you want as good a camera as you can manage and you want it
with you all the time.
>Living within ones means isn't a bad thing.
I'm not saying it isn't. You said you "
Colin Irvine
<lo...@bottom.of.home.page> squeezed out the following:
I'm not saying it isn't. You said you " (pressed the wrong key!) don't
get the whole idea of paying more for something by borrowing". I've
just given you a perfectly good example why someone would think it
worth paying more for something by borrowing. I don't expect you to
follow suit.
Rope
> >How would you manage on your present income and lifestyle if, taking a
> >purely random example, you had a wife and daughter at Uni, and 2 sons
> >at college?
>
> Presumably the wife would have saved up to go to uni anyhow,
Not necessarily
> and I
> have no idea how much uni costs, but doesn't it all go into some kind
> of student loan these days that then gets paid back at a pittance once
> the offspring get suitable jobs?
Not really, no. The student loan and grant thing is dependant on total
family income, and if over around 30k is very minimal.
The repayments kick in as soon as the student earns >15k, and is at a
reduced interest, but by no means a pittance.
> As for college, I don't recall college costing much at all other than
> needing a few textbooks and notepads, which incidentally the year
> above generally cascaded on to the class below for beer money..
No, college doesn't cost a fortune, but feeding, clothing, and housing
does.
> In
> fact when I went I think I got by on next to nothing by taking a
> packed lunch, and walking the 3 miles each way most days, as it was
> good excersise.
And what if college is 10 or 15 miles away?
I'm not saying here that I think credit is a good thing, I don't.
But the participants in this thread are a sub-set of society, in the main
single and/or relatively wealthy, well educated - basically middle-class.
(yes, yes, I know!)
I am saying that 'in the real world' there are an awful lot of people who
*need* credit to get by. There are also an awful lot of people who are
making a go of things in self employment, or starting their own business,
again on credit/overdraft/mortgage/guarantees.
Champ
<lo...@bottom.of.home.page> wrote:
>>>> > Uh? I pay cash for nearly eveything including cars & bikes. But you need a
>>>> > clean credit report for when you need credit.
>>>>
>>>> Apart from buying a house, why would you ever need credit?
>>>
>>> Meanwhile, back in the real world......
>>
>>He's right you know - the only things I've ever really done on credit
>>are houses and my last 2 bikes, and then only as kawasaki were doing
>>0% deals so I could shove the money into my offset mortgage instead..
>>once in a blue moon I might defer paying the whole month off on the
>>credit card, but that's fairly rare.
>>
>>I've a very old-fashioned approach to money though and don't get the
>>whole idea of paying more for something by borrowing
>
>Time value of money, innit. The added value to you of something you
>want this year rather than next may well be more than a year's
>interest.
*ding*
I imagine it's going to become very fashionable to spout off about
"old-fashioned attitudes to money" pretty soon.
Without credit, the world would pretty much stop going round; or at
least slow considerably. That's effectively what the credit crunch is
demonstrating right now.
--
Champ
Two standard issue crutches
To email me, neal at my domain should work.
ginge
Maybe it's been going too quickly and that pace really can't be
sustained much longer, even with an artificial turn of the reserve tap
people will still need to repay debts at some point, with money that
many of them don't have but continue to spend.
to borrow darsy's [gvfi]... 1929 the sequel, in cinemas from friday.
Rope
> >I am saying that 'in the real world' there are an awful lot of people who
> >*need* credit to get by.
>
> liquidity issue it suggests that expenditure is exceeding income.
Or! and this is, I know, a difficult concept for many here to grasp, but:
Cost Of Living Might Exceed Income.
Phil Launchbury
> On Wed, 08 Oct 2008 16:33:19 +0100, Colin Irvine
><lo...@bottom.of.home.page> wrote:
>
> I imagine it's going to become very fashionable to spout off about
> "old-fashioned attitudes to money" pretty soon.
Well - that's because those 'old-fashioned' attudes were there for a
reason. Which is that people didn't want to live beyond their means.
But for the last 40 years people have been bombarded with the message
"you don't have to be able to afford it - buy it on credit" which has
(inevitably) lead to problems.
Oh - and banks trying to get multiple income streams off the same
assets haven;t helped. Forgetting the saying "you don't get something
for nothing"..
Phil
Phil Launchbury
> *need* credit to get by. There are also an awful lot of people who are
There is only a 'need' if their outgoings exceed income. There are many
many ways to trim ougoings (I know! I didn't always have a good job..).
This (of course) may not apply to people on very low incomes
(pensioners et. al.) who do not have the ability to go out and raise
more capital through work.
Anyone that needs credit *just to get by* severely needs money
management lessons. Or to set their sights lower (and poverty doesn't
mean not being able to afford a third TV or a PS3).
People have been conditioned to expect a much higher standard of
lifestyle as 'normal'. And that is what is driving the credit
lifestyle - 50 years ago it just didn't happen.
Phil.
Phil Launchbury
>
> Cost Of Living Might Exceed Income.
There are very very few people in this country that can't afford to
live within their means. And they are mostly people who can't get into
full-time employment (like pensioners and long term ill).
There are *lots* of people who can't afford the latest gadgets - but
that's not the same thing.
Phil
ogden
> spoke:
> > >I am saying that 'in the real world' there are an awful lot of people who
> > >*need* credit to get by.
> >
> > Thing is if you *need* credit continuously rather than for a temporary
> > liquidity issue it suggests that expenditure is exceeding income.
>
> Or! and this is, I know, a difficult concept for many here to grasp, but:
>
> Cost Of Living Might Exceed Income.
Cost of living = food, basic accommodation and work-related travel.
Anything beyond that is a luxury - it could well be argued that such
luxuries are required for any reasonable standard of living, but it'd
be folly to suggest that they're anything but optional.
--
ogden
GSXR750 K4
RGV250 VJ22
ogden
> spoke:
> > >I am saying that 'in the real world' there are an awful lot of people who
> > >*need* credit to get by.
> >
> > Thing is if you *need* credit continuously rather than for a temporary
> > liquidity issue it suggests that expenditure is exceeding income.
>
> Or! and this is, I know, a difficult concept for many here to grasp, but:
>
> Cost Of Living Might Exceed Income.
Cost of living = food, basic accommodation and work-related travel.
Jim
Phil Launchbury <phil...@launchbury.Unmunge.org.uk> wrote:
>> Cost Of Living Might Exceed Income.
>
>There are very very few people in this country that can't afford to
>live within their means. And they are mostly people who can't get into
>full-time employment (like pensioners and long term ill).
>
>There are *lots* of people who can't afford the latest gadgets - but
>that's not the same thing.
The trouble is, a lot of the economy is built upon people continuing to
buy said gadgets and if they stop buying them a lot of the people's jobs
will go away. And a lot of the money has come from the year-on-year
increase in house prices and the consequent increase in available
credit, which has now gone into reverse.
And the problem only gets worse when the people are the government and
the gadgets become the big projects that keep a lot of people here in
work.
--
CB500 (blue + flies)
Bear
says...
WTF is up with you today? You're double-posting like a motherfucker.
Simian
> spoke:
> > > I am saying that 'in the real world' there are an awful lot of
> > > people who *need* credit to get by.
> >
> > Thing is if you need credit continuously rather than for a temporary
> > liquidity issue it suggests that expenditure is exceeding income.
>
> Or! and this is, I know, a difficult concept for many here to grasp,
> but:
>
> Cost Of Living Might Exceed Income.
If that's the case, then eventually the cost of loan repayment will
exceed income.
Temporarily though, yes I can see it might. When I left Uni, I had to
get a flat (two months deposit + payment in advance + phone
reconnection + bed linen, etc,), buy a bunch of clothes suitable for
work, and buy food, do laundry, etc, for a month until I got paid.
The total bill came to about 2.5k, and having just left university, my
total savings were -2.5k. So by the time I received my first months
wage I'd had to borrow £5000 just to get by.
After two years, I'd managed to repay that, but by then I'd moved, and
I needed a motorbike to get to work. Having been paying off a loan, I
had no savings, so I borrowed to buy it. The alternative was to use
public transport, which would have taken 3 times as long and cost 75%
of the loan repayments and bike upkeep anyway.
Simian
Except that Champ is correct - businesses need credit to make capital
investments. Or rather, if you doesn't borrow to invest, somebody else
will, and will drive you out of business by undercuting you.
ogden
The originals weren't showing up.
Rope
> >There are *lots* of people who can't afford the latest gadgets - but
> >that's not the same thing.
>
> The trouble is, a lot of the economy is built upon people continuing to
> buy said gadgets and if they stop buying them a lot of the people's jobs
> will go away. And a lot of the money has come from the year-on-year
> increase in house prices and the consequent increase in available
> credit, which has now gone into reverse.
>
> And the problem only gets worse when the people are the government and
> the gadgets become the big projects that keep a lot of people here in
> work.
*Ding*
Rope
> > Cost Of Living Might Exceed Income.
>
> If that's the case, then eventually the cost of loan repayment will
> exceed income.
>
> Temporarily though, yes I can see it might. When I left Uni, I had to
> get a flat (two months deposit + payment in advance + phone
> reconnection + bed linen, etc,), buy a bunch of clothes suitable for
> work, and buy food, do laundry, etc, for a month until I got paid.
>
> The total bill came to about 2.5k, and having just left university, my
> total savings were -2.5k. So by the time I received my first months
> wage I'd had to borrow £5000 just to get by.
>
> After two years, I'd managed to repay that, but by then I'd moved, and
> I needed a motorbike to get to work. Having been paying off a loan, I
> had no savings, so I borrowed to buy it. The alternative was to use
> public transport, which would have taken 3 times as long and cost 75%
> of the loan repayments and bike upkeep anyway.
Your anecdotal evidence supports what I am saying.
Rope
> > Cost Of Living Might Exceed Income.
>
> Cost of living = food, basic accommodation and work-related travel.
>
> Anything beyond that is a luxury - it could well be argued that such
> luxuries are required for any reasonable standard of living, but it'd
> be folly to suggest that they're anything but optional.
So a single minimum wage earning family with a couple of kids?
Say the cooker, or washing machine or fridge explodes - need to replace
it, you have no spare cash - do without?
Simian
> Simian spoke:
> > > Cost Of Living Might Exceed Income.
> >
> > If that's the case, then eventually the cost of loan repayment will
> > exceed income.
> > Temporarily though, yes I can see it might.
>
> Your anecdotal evidence supports what I am saying.
Thus the last line I have left unsnipped above.
ogden
> Ogden spoke:
> > > Cost Of Living Might Exceed Income.
> >
> > Cost of living = food, basic accommodation and work-related travel.
> >
> > Anything beyond that is a luxury - it could well be argued that such
> > luxuries are required for any reasonable standard of living, but it'd
> > be folly to suggest that they're anything but optional.
>
> So a single minimum wage earning family with a couple of kids?
>
> Say the cooker, or washing machine or fridge explodes - need to replace
> it, you have no spare cash - do without?
Option D - Call the landlord.
ginge
>Ogden spoke:
>> > Cost Of Living Might Exceed Income.
>>
>> Cost of living = food, basic accommodation and work-related travel.
>>
>> Anything beyond that is a luxury - it could well be argued that such
>> luxuries are required for any reasonable standard of living, but it'd
>> be folly to suggest that they're anything but optional.
>
>So a single minimum wage earning family with a couple of kids?
>
>Say the cooker, or washing machine or fridge explodes - need to replace
>it, you have no spare cash - do without?
Sell a kidney.
HTH
Grimly Curmudgeon
drugs began to take hold. I remember ogden <og...@pre.org> saying
something like:
>> WTF is up with you today? You're double-posting like a motherfucker.
>
>The originals weren't showing up.
Motzy's having an off day. Missing posts a-plenty.
Where's Avana Banana when you need him?
--
Dave
GS850x2 XS650 SE6a
"It's a moron working with power tools.
How much more suspenseful can you get?"
- House
Bear
says...
> We were somewhere around Barstow, on the edge of the desert, when the
> drugs began to take hold. I remember ogden <og...@pre.org> saying
> something like:
>
> >> WTF is up with you today? You're double-posting like a motherfucker.
> >
> >The originals weren't showing up.
>
> Motzy's having an off day. Missing posts a-plenty.
> Where's Avana Banana when you need him?
Oh Christ, are you both on PikeyNet then?