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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On a related noteHere's how to build a credit rating.
Get a Marks and Spencers credit card. Theirs are linked to the big credit agencies. Buy a small item (socks or something) once a month and then pay it off immediately. Credit ratings work like this - if you spend on and pay off your card before the end of the month, you get a "green". If you don't use your card, you get a "black" or unknown. If you spend but don't pay it off you get a red. When assessing your credit rating, they will want to see an unbroken row of greens, and the easiest way to get that is to keep it small and simple.
After a couple of years of this, you'll be able to borrow some quite serious sums of money. And that's how you can get into serious debt :)
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emvee cruor deo cruoris, Sat 25 Nov 2006, 14:24,
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