K2 GTi
Member
Registered: 21st Oct 04
User status: Offline
|
I'm tempted to get a loan of about 2k. Need to get a flat to rent with the girlfriend. Has anyone took a loan about before and how old are you?
I'm 18 nearly 19 so what do you think to me taking a loan out? Anyone else done it?
Cheers  
|
Pablo
Member
Registered: 3rd Feb 03
Location: Milton Keynes
User status: Offline
|
Biggest mistake my life getting a loan 
|
K2 GTi
Member
Registered: 21st Oct 04
User status: Offline
|
That's what I was thinking. How much loan did you get if you don't mind me asking and how old are you?
|
Pablo
Member
Registered: 3rd Feb 03
Location: Milton Keynes
User status: Offline
|
22 but I got a small loan out and then it grew due to me being stupid, long as u can control urself and not get it, cos its easy money im gona b poaying mine off til least next year 
|
K2 GTi
Member
Registered: 21st Oct 04
User status: Offline
|
I'm so tempted to get a 2k loan and get a flat and pay like £150 a month
[Edited on 07-09-2005 by K2 HOY]
|
Jambo
Member
Registered: 8th Sep 01
Location: Maidenhead, Drives: VXR Arctic
User status: Offline
|
im in the process of getting one as i have to clear silly amounts of credit card debt as im a silly boy
|
Pablo
Member
Registered: 3rd Feb 03
Location: Milton Keynes
User status: Offline
|
thas cool, just dont extend it or anything, wish i knew then what i know now
|
Pablo
Member
Registered: 3rd Feb 03
Location: Milton Keynes
User status: Offline
|
quote:
Originally posted by Jambo
im in the process of getting one as i have to clear silly amounts of credit card debt as im a silly boy
pisses me off man, wish i was more sensible
|
sunnyb
Member
Registered: 21st Oct 03
Location: Kent, near Bluewater
User status: Offline
|
quote:
Originally posted by Pablo
Biggest mistake my life getting a loan
2nd'ed
|
jamied
Member
Registered: 27th Oct 03
Location: Marbella,Spain Drives: C63
User status: Offline
|
I dont think it is, when I turned 18 i borrowd 2.5k to spend on car, paid bk £90 or month for 3yrs, ends end next yr. My mate borrowed 5k to pay for 18s and a mynheer bill lol and he pays £150 month, think its over 5yrs. Dont see the problem, im thikin of addin 1k to mine to get 2litre in.
I think loans are ok as long as you dont tek piss borrowin loads and make sure u can always affored repayment, simple but only way imho
|
blebo
Member
Registered: 18th Apr 02
User status: Offline
|
22 yrs ld when I took out my £10K loan.
|
3CorsaMeal
Member
Registered: 11th Apr 02
User status: Offline
|
just got one for £7k
|
gianluigi
Member
Registered: 9th Mar 05
Location: Ipswich, Suffolk
User status: Offline
|
stay at home, a family member is constantly in debt, and its bad stuff
|
Gripe
Member
Registered: 3rd Jul 05
Location: Whitby
User status: Offline
|
quote:
Originally posted by sunnyb
quote:
Originally posted by Pablo
Biggest mistake my life getting a loan
2nd'ed
3rd`ed  I started off with 2k loan now im upto 17k 
|
3CorsaMeal
Member
Registered: 11th Apr 02
User status: Offline
|
i'd never borrow more than half a years wage
unless a mortgage
|
Teddy
Member
Registered: 19th Jul 04
Location: Northampton Drives: VW Bora 1.9TDi pd130
User status: Offline
|
quote:
Originally posted by Gripe
quote:
Originally posted by sunnyb
quote:
Originally posted by Pablo
Biggest mistake my life getting a loan
2nd'ed
3rd`ed I started off with 2k loan now im upto 17k
Your lucky
|
Rebrabuk
Member
Registered: 28th Mar 04
Location: North East
User status: Offline
|
Got a £4k loan over 2 years when i was 21 to buy a car.
If you think you can handle the repayments etc without increasing the loan or repyment terms then go for it.
|
Ojc
Member
Registered: 14th Nov 00
Location: Reading: Drives : Clio 197
User status: Offline
|
I've been thinking about this recently, I think there should be a upper limit for which young people 18-21 say should be allowed to borrow, say a maxiumum of 5k, the amount of people that get into big trouble (me included) now days because of the temptation of money now instead of saving is ridiclous.
|
Ally
Member
Registered: 2nd Jul 03
Location: Pontypool Drives: a Skoda
User status: Offline
|
quote:
Originally posted by K2 HOY
I'm tempted to get a loan of about 2k. Need to get a flat to rent with the girlfriend. Has anyone took a loan about before and how old are you?
I'm 18 nearly 19 so what do you think to me taking a loan out? Anyone else done it?
Cheers
Don't even think about it mate
Me and Richie live with his parents are are ready to move out, i considered getting a loan so we could move out (around 2k) but its not worth it.
Scrimp and save for as long as you can, when you move out you will have to pay rent, bills, tax etc etc anyway, without worrying about the extra £150 a month that u have to fork out for your loan.
Its better to save then move out, rather than get a loan and be an extra £150 down each month. That way its one less thing to worry about.
Around here you can get a 2/3 bed semi for £400 - £500 a month, then you need a months rent up front for a bond and money to get you started so you'd need at least £1500.
If you and your gf save now, and save £150 a month each you will have £1200 by xmas, then £1500 in January.
Have one last xmas at home, then make a fresh start at the beginning of the new year 
IMO anyway  thats my plan .... whoop whoop
|
Andrew
Member
Registered: 5th May 04
Location: Skoda Octavia Estate, Ford Puma
User status: Offline
|
If you cannot get hold of £2,000 between the two of you then you cannot afford to move out. Trust me, flats and houses do not come cheap!
|
Ally
Member
Registered: 2nd Jul 03
Location: Pontypool Drives: a Skoda
User status: Offline
|
quote:
Originally posted by Andrew
If you cannot get hold of £2,000 between the two of you then you cannot afford to move out. Trust me, flats and houses do not come cheap!
True then you think ...
£450 rent
£100 food bill
£20 electric
£20 gas
£25 water
£90 council tax
£25 TV license - per 6 months
£20 home insurance
£20 internet
£140 petrol (say 2 tanks or whatever each btw)
£200 living - going out etc etc
totals around £550 a month each including everything.
have i missed anything?
|
Andrew
Member
Registered: 5th May 04
Location: Skoda Octavia Estate, Ford Puma
User status: Offline
|
Mines around £500 mortgage, £150 bills and then food on top. The inital costs are quite high which people don't think about.
|
--Dave--
Banned
Registered: 17th Feb 04
Location: Essssseeeeex Drives: Black Supra TT
User status: Offline
|
you spend £100 a month EACH on food?
WTF ?!
|
Ally
Member
Registered: 2nd Jul 03
Location: Pontypool Drives: a Skoda
User status: Offline
|
quote:
Originally posted by --Dave--
you spend £100 a month EACH on food?
WTF ?!
no dave, a weekly shop @ £25 a go  totalling roughly £100 for the month
|
Andrew
Member
Registered: 5th May 04
Location: Skoda Octavia Estate, Ford Puma
User status: Offline
|
£25 a week on food for 2? I must spend twice that just on me
|
