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Author Financial Bother What Shall i Do?
Jules S
Premium Member

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Registered: 24th Dec 03
User status: Offline
16th Jan 06 at 20:19   View Garage View User's Profile U2U Member Reply With Quote

quote:
Originally posted by Ben
Yes i understand the interest rates .

but why wouldnt he have got the lowest in the first place? rather than a high interest rate?

99% of people getting loans dont know what they are getting themselves into


This is probably true....dont forget, with almost every loan you pay off the interest first...so consolidating/paying off a loan in the early part of the loan term is plain stupid
Robbo
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Registered: 6th Aug 02
Location: London
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16th Jan 06 at 20:32   View User's Profile U2U Member Reply With Quote

In all seriousness, as long as u can afford to make repayments dont worry too much... i myself have a brand new golf gti and brand new house to pay for as welel as some credit card debt but i easily majke the payments as i have a very god job... as long as there are no immediate cashflow worries dont be to down
myke
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Registered: 7th Feb 01
Location: High Wycombe, Buckinghamshire
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16th Jan 06 at 20:34   View User's Profile U2U Member Reply With Quote

don't leave your parents in shit, but move abroad for a few years and your debts are cancelled.

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