Debt pronWatching TV the other day we caught one of these "Bank of Mummy or the Wife" type shows and we thought, "This is Debt Pron." I.e. peoples financial problems exploited for the voyeuristic pleasure of others. Then we thought, "We bet lots of people on B3ta have massive financial problems. Let's exploit them." So, confess them all. Dodgy credit cards, lending money to some bloke in the pub, visits from the bailiffs, using one card to pay off another. We want to wallow in your fiscal pain. So, what is your biggest money fuck up?
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rob, Thu 23 Nov 2006, 19:50)
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AdviceI think the best advice here is simply don't get a credit card, loan or anything like that.
and guys, when a credit card has 15% APR, that means you have to pay them 15% MORE than you spend (and don't pay back at the end of the month.
IE i spend 1000 a month on my credit card. I pay back 500 at the end of the month. i have to give the company 575 quid. so if i spend 12000 a year, pay back 6000, i have to give the company an EXTRA 900 pounds. not so great.
(, Thu 23 Nov 2006, 23:15, Reply)
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