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Quick story about a family, wife suddenly wakes up to the fact that her husband has £130k in debt, on 7 loans and 8 credit cards.

Apparently the banks are now behaving in an unscrupulous manner!

Preying on poor innocent consumers and offering them loans without checking their incomes.

Who would have thought?

Those nasty evil banks.

The trouble is that now the Xmas cc bills are starting to roll in.

Something about straws and camels springs to mind.

http://www.gm.tv/index.cfm?articleid=18403

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NO £130k debt! W@nker ;)

No real problem, bankruptcy is only 12 months now isn't it?

I bet this assh*le declares himself bankrupt when house prices start to fall and interest rates rise. When more of this starts happenning the impact will be on the share prices of big financial institutions and ultimately everybody's pension funds.

Gits like this are spending our future, and GB is just letting it happen!

/rant over

e3

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NO £130k debt! W@nker ;)

Why, when the human brain is capable of amazing things, and is the best computer ever made do some people get up every day without switching it on.

How hard is it to figure out? You take money from the bank, then you have to pay it back (and extra)!!

If the bank offers me a gun its still my fault if i shoot myself with it, surely some personal responsibility must exist somewhere in this screwed up country??

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How stupid can people be 130k in debt!! the worlds a joke....especially this country!

Stupid or clever?

You might think its completely irresponsible but think how much fun it'd be going through 130k and knowing you're not going to have to pay it back.

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Stupid or clever?

You might think its completely irresponsible but think how much fun it'd be going through 130k and knowing you're not going to have to pay it back.

True, it does angry me that they have spent all that money on new tv's, clothes, holidays etc when i've had 1 basic holiday in 3 years etc

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Hair cut yesterday the boss has taken on an english speaking female immigrant. She was wanting time off to go and sort out her 'papers'. Anyway she mentioned the cost of housing in the local area, almost 100 new 'homes' being thrown up (timber frame construction methods). 190k to 250k with a couple of 'detached' at 340k a pop. The immigrant was not concerned by these prices and was talking of getting a 100% loan with others in order to pay the mortgage! I was forced to point out the possible pitfalls of this strategy - she replied saying it wasn't a problem since if she couldn't pay she could go bankrupt - it's only a year! (like a holiday really)

At this point the Italian boss chirped up saying that in 1990 he had to hand the keys back to the building society of a flat he could no longer pay for. "Look at me today" he said, "it didn't do me any harm and I'll be mortgage free next year". Hurray!! :lol: Nothing like learning from ones mistakes and passing on the hard won knowledge.

EDIT too many zeros

Edited by Property Dreamer

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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