UKSaabs

THE site for UK Saab people!
It is currently Tue Dec 11, 2018 6:29 am

All times are UTC





Post new topic Reply to topic  [ 31 posts ]  Go to page 1, 2  Next
Author Message
PostPosted: Thu Oct 11, 2018 8:06 pm 
Offline
Luger Lout
User avatar

Joined: Tue Dec 23, 2008 6:00 pm
Posts: 21334
Location: Swindon
Car Model: Estella. 2008 Manual 9-5 D
I have had a debt on me credit card ever since I bought Hellga in 2010 ish. She nearly broke me. It's taken a long time to delete her debt. She departed years ago. Her debt departs tomorrow ''anyone seen my camel''.

It was seriously high, thousands. I can't remember how many! Maybe four!... It will be PAID OFF TOMORROW. Happy Days! And £200 extra a month to mess about with. :D Even happier days!

Admittedly, it all isn't Hellga's fault. I have used the card since I got rid of her. I still blame her.

Things can only get better!

:park:

Is anything getting better for you ''anyone seen my camel''?

I ain't gonna put that song up. I promise!

_________________
Si.

Dancing on a Highway Somewhere..


Top
 Profile  
 
PostPosted: Thu Oct 11, 2018 9:05 pm 
Offline
Talking Turkey
User avatar

Joined: Mon Apr 02, 2007 11:52 am
Posts: 23272
Location: not in a SAAB.
Car Model: One of the first RHD 9-5s
Ive just written an acceptance email for a new job despite it meaning a cut in pay and a massive fuel bill to get there :wall:

If you are going to be using credit cards Si, you need to learn how to play CC Roulette with them. We had close to £10K on cards 2 years ago but as they were 0% interest we have paid almost nothing over and above the actual debt. We are now below £3K on them, if we had standard cards and paying interest they would be closer to £6K still :shock:

_________________
52 9-5 2.0LPT Vector Sport B235R/GT17562
05 9-5 Aero with all the options.


Top
 Profile  
 
PostPosted: Thu Oct 11, 2018 9:22 pm 
Offline
Luger Lout
User avatar

Joined: Tue Dec 23, 2008 6:00 pm
Posts: 21334
Location: Swindon
Car Model: Estella. 2008 Manual 9-5 D
Paul, why did you accept a job for less money? I advised you to do a bit of jiggling.

I know that you have to do the best that you can. Fair enough!

I couldn't be bothered will all the balance transfer stuff in the end. I expect that this reluctance has cost me ££££s .

I suspect another property crash is heading our way. I also expect credit to go through the roof. Not bovered about prop stuff.

It would be nice to keep paying out stuff to the absolute minimum! £200 a month off is good!

I have another credit card with 9-5 peanuts on it. Repayments are £25 a month. I have paid this one off a few times. THEN..

Something else 9-5 involved comes along! I only use this one on line. I can't pay it off on line. Dunno how to!

_________________
Si.

Dancing on a Highway Somewhere..


Top
 Profile  
 
PostPosted: Fri Oct 12, 2018 3:47 am 
Offline
Saab Nut

Joined: Mon Apr 07, 2014 5:22 am
Posts: 1098
Location: Ashford, Kent.
Car Model: 93 convertible Aero MMI
Pleased for you. Always nice to pay off loans/credit cards.
My wife surprised me the other day at how much money she had got back by using the top cash back site.

As Paul said above, if you can be bothered to put the time in, you can save a fortune. Me personally, I cannot be bothered, do not have the time. I do like reading the Martin Lewis web site though occasionally. Great advice on there, for practically anything.

_________________
Do you know what nemesis means?


Top
 Profile  
 
PostPosted: Fri Oct 12, 2018 8:20 am 
Offline
Saab Nut

Joined: Sun Feb 16, 2014 10:24 am
Posts: 1092
Car Model: 900 96 drop top
I avoid borrowing despite running a small business
If I dont have it I dont buy it
I think there are only 3 good debts

Education
buying a house
A viable business (note I said viable !)


Top
 Profile  
 
PostPosted: Fri Oct 12, 2018 8:40 am 
Offline
UKS Addict
User avatar

Joined: Thu Oct 08, 2009 10:19 pm
Posts: 4313
Location: Island of Sodor
Car Model: The Pizza Taxi
Well done.

_________________
Might one day get around to the 234 conversion.


Top
 Profile  
 
PostPosted: Fri Oct 12, 2018 9:21 am 
Offline
Full Pressure Turbo
User avatar

Joined: Sat May 30, 2009 7:25 pm
Posts: 724
Location: Hertfordshire
Car Model: 1986 C900 2door
Liberation!!!

Congrats Saabotage! I know the feeling. The moneylenders are an alien species that should be carefully avoided. Easy to say when you desperately need money I know. This is what they bank on(no pun intended)of course.

If you're on your knees they charge exorbitant rates.

I remember years ago trying to raise a few thousand for my fledgling business. My girlfriend's father, who was a city broker, told me it was hopeless. "If you want to borrow a couple of million however, no problem my boy!", he seemed to enjoy telling me that.

The best money is your own.


Top
 Profile  
 
PostPosted: Fri Oct 12, 2018 10:06 am 
Offline
UKS Addict

Joined: Thu Mar 31, 2011 11:46 am
Posts: 4545
Location: suffolk
Car Model: 1993 9000 2.0 cse
good on you mate just keep it up mate

never had a credit card never want one :D my bro has 30k of credit card debt so i think i made the right choice
as above only use my money if dont have it i dont buy it

i dont dream of posh expensive things so im pretty lucky really i think

_________________
never underestimate the predictability of stupidity


Top
 Profile  
 
PostPosted: Fri Oct 12, 2018 10:54 am 
Offline
Full Pressure Turbo

Joined: Fri Jan 09, 2015 7:22 am
Posts: 718
Location: Forest of Dean
Car Model: OG 9-3 SE
I have been in debt in the past & can understand how easily it can happen

It's all very easy to say don't buy what you can't afford but often that's not always possible, for example in the case of unexpected essential household items such as boilers packing up or roof needing replacing, you can't live without hot water or a roof while you save for them.

There's also the inconvenient fact that retailers and manufacturers rely on credit to stay in business, I expect the vast majority of privately owned new cars are bought on finance and probably a fair proportion of home entertainment equipment is the same. Could the retailers & producers of those goods stay in business if every one of their customers saved for years to buy them?

_________________
2001 OG 9-3 lpt Hatch


Top
 Profile  
 
PostPosted: Fri Oct 12, 2018 11:10 am 
Offline
UKS Addict
User avatar

Joined: Sat Nov 19, 2011 3:05 pm
Posts: 6044
Location: Near Bicester Oxon
Car Model: XC70 & S60 D5 163s, both
Gaz38 wrote:
I have been in debt in the past & can understand how easily it can happen

It's all very easy to say don't buy what you can't afford but often that's not always possible, for example in the case of unexpected essential household items such as boilers packing up or roof needing replacing, you can't live without hot water or a roof while you save for them.

There's also the inconvenient fact that retailers and manufacturers rely on credit to stay in business, I expect the vast majority of privately owned new cars are bought on finance and probably a fair proportion of home entertainment equipment is the same. Could the retailers & producers of those goods stay in business if every one of their customers saved for years to buy them?

This shocked me when first published a year or two ago:

https://www.independent.co.uk/news/uk/h ... 65111.html

A friend who taught 6th Formers Finance once asked me what advice I would give to his students v-a-v their personal finances. I told him to tell them all to build up a fund of "flip flop off money" equal to at least 3 months bills as quickly as they could. I do appreciate that it's not as easy as that for everyone, but once we recovered from our young and a bit daft phase, we've always lived by the "if you can't afford it, you don't buy it maxim"

_________________
That bloke on the left. Yes him. No, I can't see him either.

Woah, hold on, Ezzard's back!!!!


Top
 Profile  
 
PostPosted: Fri Oct 12, 2018 11:14 am 
Offline
Full Pressure Turbo

Joined: Fri Jan 09, 2015 7:22 am
Posts: 718
Location: Forest of Dean
Car Model: OG 9-3 SE
Doesn't surprise me in the slightest
We've never had substantial savings for most of our lives.

For many people 3 months bills are 3 months income

_________________
2001 OG 9-3 lpt Hatch


Top
 Profile  
 
PostPosted: Fri Oct 12, 2018 12:10 pm 
Offline
UKS Addict
User avatar

Joined: Sat Nov 19, 2011 3:05 pm
Posts: 6044
Location: Near Bicester Oxon
Car Model: XC70 & S60 D5 163s, both
One paycheck away from debt/default has to have an impact on your life.

_________________
That bloke on the left. Yes him. No, I can't see him either.

Woah, hold on, Ezzard's back!!!!


Top
 Profile  
 
PostPosted: Fri Oct 12, 2018 12:32 pm 
Offline
Full Pressure Turbo

Joined: Fri Jan 09, 2015 7:22 am
Posts: 718
Location: Forest of Dean
Car Model: OG 9-3 SE
It does indeed, we're fine now but 15 years ago it wasn't good.

I'm not having a go at anybody but it still bugs me slightly when people assume everybody is as well off (in relative terms) as they are.
When we bought our first house interest rates were circa 15% our mortgage payments were £600 per month with a joint income of about £1000, doesn't leave much scope for savings so when the boiler packed up & the roof needed replacing there was only one option, £15k of debt.
Then cars need replacing, more debts. Get that all sorted & kids come along, income halves due to maternity pay etc etc.

I'm not looking for sympathy but it can easily happen.

We're OK now, small mortgage, savings etc but it wasn't easy getting here

_________________
2001 OG 9-3 lpt Hatch


Top
 Profile  
 
PostPosted: Fri Oct 12, 2018 12:56 pm 
Offline
UKS Addict
User avatar

Joined: Sat Nov 19, 2011 3:05 pm
Posts: 6044
Location: Near Bicester Oxon
Car Model: XC70 & S60 D5 163s, both
It is difficult to put yourself in others' shoes, you're right.

From family experience I can't understand why one branch feels it is OK to live beyond its means, and consistently so, accepting handouts from others, yet at the same time feeling an entitlement to have all the good stuff.

I remember those 15% rates, too, and not with fondness!

_________________
That bloke on the left. Yes him. No, I can't see him either.

Woah, hold on, Ezzard's back!!!!


Top
 Profile  
 
PostPosted: Fri Oct 12, 2018 1:10 pm 
Offline
Full Pressure Turbo

Joined: Fri Jan 09, 2015 7:22 am
Posts: 718
Location: Forest of Dean
Car Model: OG 9-3 SE
Yes the sense of entitlement is another issue.

I certainly don't blame anybody else for the position we were in, it was a combination of bad luck (boiler, roof etc) and our own doing.
What we didn't do was expect to have big TVs, designer labels and expensive holidays.

_________________
2001 OG 9-3 lpt Hatch


Top
 Profile  
 
PostPosted: Fri Oct 12, 2018 3:34 pm 
Offline
Luger Lout
User avatar

Joined: Tue Dec 23, 2008 6:00 pm
Posts: 21334
Location: Swindon
Car Model: Estella. 2008 Manual 9-5 D
DONE!

I did have to pay an extra £3 odd rolling interest since it has been adding up even after they printed the bill.

_________________
Si.

Dancing on a Highway Somewhere..


Top
 Profile  
 
PostPosted: Fri Oct 12, 2018 3:37 pm 
Offline
Saab Nut

Joined: Sun Feb 16, 2014 10:24 am
Posts: 1092
Car Model: 900 96 drop top
Gaz38 wrote:
It does indeed, we're fine now but 15 years ago it wasn't good.

I'm not having a go at anybody but it still bugs me slightly when people assume everybody is as well off (in relative terms) as they are.
When we bought our first house interest rates were circa 15% our mortgage payments were £600 per month with a joint income of about £1000, doesn't leave much scope for savings so when the boiler packed up & the roof needed replacing there was only one option, £15k of debt.
Then cars need replacing, more debts. Get that all sorted & kids come along, income halves due to maternity pay etc etc.

I'm not looking for sympathy but it can easily happen.

We're OK now, small mortgage, savings etc but it wasn't easy getting here


Well thats not the full story ! (sorry mate) I was in the same position as you in those days and what we forget is that our houses were worth around three times our salary !
A person now would need 10 to 12 times his or her salary now . It was worth the sacrifice and the risk in our day . While I am very tight on the spending I can understand a young person now drinking £5 frothy coffees going on holiday and spending the banks money does not care . There is little hope for them at the moment


Top
 Profile  
 
PostPosted: Fri Oct 12, 2018 3:38 pm 
Offline
UKS Addict

Joined: Thu Mar 31, 2011 11:46 am
Posts: 4545
Location: suffolk
Car Model: 1993 9000 2.0 cse
big telly you ever moved one of these back in the day https://beocentral.com/beovisionavant32rf
BeoVision Avant 32 VCR Product Specifications
Weight 80 kg

I'm not having a go at anybody but it still bugs me slightly when people assume everybody is as well off (in relative terms) as they are.
if your as well off as me then please accept my sympathies :D
my bros wife gets 1300 quid a day expenses money for this money for that she thinks everyones on loads a dough boy can she drink auzzie bird so loads of spare moneys not always good thing

you just have to lower your expectations and enjoy the smaller priced wins
i just bought a new old amp for a whole tenner its great cheered me up getting such a nice little bargain 600 new now old hat so worth nothing but i love it i have 3 now :D big spender me

i bet you could fill a whole house for free now the stuff folks chuck out some really good stuff goes in the bin shocking really
a mate started collecting scrap metal i lent him the money for a ropey old transit and fuel money to get him going
hes doing good now 5 months on its way better than some min wage carp job and he can fit it around his 2 kids routine hes well happy i lent him a few quid

debt is evil but some folk need it eg house kids wifey etc
if everyone borrowed like me this country would be broke more broke than it is now

_________________
never underestimate the predictability of stupidity


Top
 Profile  
 
PostPosted: Fri Oct 12, 2018 4:00 pm 
Offline
Full Pressure Turbo

Joined: Fri Jan 09, 2015 7:22 am
Posts: 718
Location: Forest of Dean
Car Model: OG 9-3 SE
scanditurbo wrote:
debt is evil but some folk need it eg house kids wifey etc
if everyone borrowed like me this country would be broke more broke than it is now


That's very true, without credit the whole economy would crash, as I said earlier could car manufacturers and dealers afford to wait for people to save £20k+ for a new car?

Pretty much everything relies on credit, it amuses me when people harp on about the good old days when we were a manufacturing nation, what's the point in manufacturing something that you have to wait several years to sell while your customers save up to buy it? Not a good business model really.

_________________
2001 OG 9-3 lpt Hatch


Top
 Profile  
 
PostPosted: Fri Oct 12, 2018 4:01 pm 
Offline
UKS Addict
User avatar

Joined: Sat Nov 19, 2011 3:05 pm
Posts: 6044
Location: Near Bicester Oxon
Car Model: XC70 & S60 D5 163s, both
Well done Si, btw! Your thread has sailed off in a different direction, as so often!

Just for clarity, at the root of my surprise/castigation is/are those who live beyond or at their means.

In every sense we're well off now, but for many many years we absolutely weren't. We used to write everything we had and everything we spent on a whiteboard in the days before interweb banking. If we didn't have it, it absolutely didn't get spent, ever. Now we've worked out socks off, had some small ability, ridden some fortune, good and bad, but we've never forgotten those disciplines.
I've been made redundant 4 times, so more than most, I guess, so that cash buffer had been tested several times. We're working to build it up again after my last redundancy, incidentally!

_________________
That bloke on the left. Yes him. No, I can't see him either.

Woah, hold on, Ezzard's back!!!!


Top
 Profile  
 
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 31 posts ]  Go to page 1, 2  Next

All times are UTC


Who is online

Users browsing this forum: No registered users and 6 guests


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Search for:
Jump to:  
Powered by phpBB® Forum Software © phpBB Group

follow UKSaabs on Twitter



UKSaabs silhouette logo images by Mark Green www.greenphotos.com
"subsilver2" slightly bodged by UKSaabs for our own use.

:: Disclaimer ::
Comments posted here are the views of their individual authors and are not necessarily shared by the owners of this Web site.
Authors assume all responsibility for comments posted here.

UKSaabs The biggest and best privately owned UK based independent Saab forum for all SAAB enthusiasts.
Whilst we encourage our users to support our advertisers the site wishes to remain independent and therefore does not endorse any particular advertiser(s)
UKSaabs is not affiliated with Saab Cars UK or Saab Automobile AB