Loans

Discussion in 'Waffle' started by JAGZ, Aug 13, 2007.

  1. JAGZ

    JAGZ Well-Known Member

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    Ive just taken out a £1000 bank loan.

    Good or Bad move????
     
  2. Dustek

    Dustek Finished the PhD

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    Depends what for and on your ability to repay.

    If its to start your own business, might be good... if you've got a good plan and are prepared to work your arse off.

    If its to buy vinyl, not a good idea unless you can afford to make the payments.

    Same if its for a car (though a car will make it easier to get work... but then you've still got to pay for petrol and crap).

    If its for clothes or a holiday, sort out your priorities - bad move.

    If its to pay your rent and your bills, you're in trouble mate, because alongside your rent and your bills, you've now go to pay the bank. See if you can't get a different source of income or beg your family & friends for help.

    If its for education, it will pay off in the end but you'll be eating baked beans for a while. I was.

    If you got a loan with a reduced interest or payment grace period (so you're paying only a couple of quid for six months), then you've just been raped by your bank.
     
  3. logikz

    logikz I Am Not The King Staff Member

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    fucking genius mate. spot on.
     
  4. SIRUS

    SIRUS 変なひと

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    Dustek
    Today, 11:27
     
  5. moriaty

    moriaty Active Member

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    spend it all on crack, and then sue the bank for beeing responsible for you addiction.
    works every time (y)
     
  6. Swan'e Style

    Swan'e Style Hollyoaks Bizness

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    :lol_board ( I'm about to do the same)


    Depends on your wages mate and how long your willing to stay at your job, I've took a few loans out mainly on cars :teeth: , not doing that again , 5000 grand in total took me about 5 years to pay off , 1000 should be alright but if you worried about time go for the payment option where you can pay as much as you want off a week and not just the minimum , instead of like 90 odd quid which I did for 5 years which felt like an eternity
     
  7. JAGZ

    JAGZ Well-Known Member

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    its so i can build a sick computer to make tunes on, sort of an investment

    i have to pay 55 a month for 2years i reckon i can handle it :monkey: i fuckin hope i can

    havent signed anything yet
    thanks for the info especially dustek :beers: funny yet so truthfull

    safe boys
     
  8. Mr G

    Mr G Old Cunt From 19 Longtime

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    I got a loan out about 10 years agao and spunked it on going out,drugs and clothes,fucking blinding for a couple of months.
    Then a couple of years of paying it all back,thats was the shit bit.

    But seeing as you putting it to good use,good luck to ya mate!
     
  9. JAGZ

    JAGZ Well-Known Member

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    sorry to hear about that, you learn from mistakes tho right

    cheers
     
  10. Mr G

    Mr G Old Cunt From 19 Longtime

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    Yeah i did mate :beers:
     
  11. the_evil_ginger

    the_evil_ginger Member

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    i work for a bank. depends what interest rate you have got - the more money you take the lower the rate. did you take the insurance? generally summat of a rip off.
    good to get you out of a spot of bother - just don't let it lead to a slippery slope. ii see it every day - poeple take loans to refinace stuff pay off credit cards then less then 6 months later they are back to refinance for more again as they have just run the debt back off.

    as i say can be good and a grand ain't too bad. can you back it back earlyu without penalties if you want?

    sorry i know this is a wee bit banky but as i said it's me nine to five, not very excitin but if you need any help or advice gimme a shout!
     
  12. JAGZ

    JAGZ Well-Known Member

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    mate :beers:

    the amount of help people on here have given is top and then a banker with the ultimate knowlodge, shit i asked the right fukin question there

    im sweet atm but if i do get stuck i know where to go :thumbsup:
     
  13. Swan'e Style

    Swan'e Style Hollyoaks Bizness

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