Leeds Fox Posted 27 January 2015 Posted 27 January 2015 My overdraft was reduced when I was unemployed and I was refused a credit card because they said not enough was going into my account to meet the payments. Well there's a massive difference, having -£0 and having a decent steady income, and having -£0 and being unemployed.
Buce Posted 27 January 2015 Posted 27 January 2015 What were you doing applying for a credit card being unemployed and already into an overdraft? When you claim JSA of £73, your disposable income is negligable, and savings usually non-existent: if you are then faced with an emergency purchase (cooker breaks, for example), a line of credit would be invaluable.
DANGEROUS TIGER Posted 27 January 2015 Posted 27 January 2015 My wife works at Asda and most of the food thrown away is because the staff don't do their job properly. Deliveries aren't stored properly and they don't rotate the stock. The idea that a supermarket would buy food have it delivered to the store and then go to the expense of having it dumped just to keep the price high is silly really. It's more than silly. I think it's immoral, and criminal, the amount of food that get's wasted by supermarkets.
Buce Posted 27 January 2015 Posted 27 January 2015 It's more than silly. I think it's immoral, and criminal, the amount of food that get's wasted by supermarkets. I agree with you, DT. Astonishing.
Leeds Fox Posted 27 January 2015 Posted 27 January 2015 When you claim JSA of £73, your disposable income is negligable, and savings usually non-existent: if you are then faced with an emergency purchase (cooker breaks, for example), a line of credit would be invaluable. He made a point that, if you are in the red, a credit card or a loan application would be almost certainly unsuccessful. Which in reality is very far from the truth. Obviously if theres an 'emergency' and you need to buy something like an oven, a line of finance would be amazing. However if your income is non-existent, are you realistically expecting to be able to get a credit card or a loan?
Webbo Posted 27 January 2015 Posted 27 January 2015 Most of the wasted food is rotted down to make gas then electricity. If it's not fit for humans then why can't be fed to pigs first and then use it to make electricity?Seems a ridiculous waste to me.
Buce Posted 27 January 2015 Posted 27 January 2015 He made a point that, if you are in the red, a credit card or a loan application would be almost certainly unsuccessful. Which in reality is very far from the truth. Obviously if theres an 'emergency' and you need to buy something like an oven, a line of finance would be amazing. However if your income is non-existent, are you realistically expecting to be able to get a credit card or a loan? Matt asked why he applied for a credit card while he was unemployed: I hypothesised a reason why. I didn't suggest his expectation of getting one was realistic.
Guest MattP Posted 27 January 2015 Posted 27 January 2015 When you claim JSA of £73, your disposable income is negligable, and savings usually non-existent: if you are then faced with an emergency purchase (cooker breaks, for example), a line of credit would be invaluable. That's what crisis loans are for through the job centre, you provide proof that you need things like that and then apply. Credit Cards/Wonga/Loan Sharks etc are not things to use as instant lines of credit.
Guest MattP Posted 27 January 2015 Posted 27 January 2015 And more to the point, it was ridiculous to suggest as Ken did that 'If you have minus zero in the bank you will not be able to get a loan or a credit card' - which is complete nonsense.
Strokes Posted 27 January 2015 Posted 27 January 2015 Wonga, a white knight for the welfare dependants. Obviously ran by nasty Tories to keep the poor poor.
Buce Posted 27 January 2015 Posted 27 January 2015 That's what crisis loans are for through the job centre, you provide proof that you need things like that and then apply. Credit Cards/Wonga/Loan Sharks etc are not things to use as instant lines of credit. I confess to knowing little about crisis loans, Matt, I've never been on benefits, but I imagine the repayments would be greater and the loan of shorter duration than with a credit card.
Leeds Fox Posted 27 January 2015 Posted 27 January 2015 Matt asked why he applied for a credit card while he was unemployed: I hypothesised a reason why. I didn't suggest his expectation of getting one was realistic. Apologies then. I didn't intend to disagree with you, just an unnecessary reply from me really.
Buce Posted 27 January 2015 Posted 27 January 2015 Wonga, a white knight for the welfare dependants. Obviously ran by nasty Tories to keep the poor poor. Ran by cvnts to exploit the stupid.
Guest MattP Posted 27 January 2015 Posted 27 January 2015 I confess to knowing little about crisis loans, Matt, I've never been on benefits, but I imagine the repayments would be greater and the loan of shorter duration than with a credit card. I'm wrong anyway, I've just googled it and they have gone. https://www.gov.uk/crisis-loans/overview
Buce Posted 27 January 2015 Posted 27 January 2015 Apologies then. I didn't intend to disagree with you, just an unnecessary reply from me really. No worries.
Rincewind Posted 27 January 2015 Author Posted 27 January 2015 I applied for a CC because my money in the bank was going down fast. Glad now I never got it as I would have been in a worse spot than I was. I just had to budget better which is not my income was down 3/4. Would e a lot harder for those on 60k plus.
Guest MattP Posted 27 January 2015 Posted 27 January 2015 I applied for a CC because my money in the bank was going down fast. Glad now I never got it as I would have been in a worse spot than I was. I just had to budget better which is not my income was down 3/4. Would e a lot harder for those on 60k plus. It is Ken. The more you earn the bigger the hole you can dig. One of my close friends earns six figures and he'll be declaring bankrupt soon due to his debts. He was on minimum wage working in Morrisons at 25 and was on 120k a year by 30 with his own business. In his own words 'It's a much easier life being poor'.
Leeds Fox Posted 27 January 2015 Posted 27 January 2015 It is Ken. The more you earn the bigger the hole you can dig. One of my close friends earns six figures and he'll be declaring bankrupt soon due to his debts. He was on minimum wage working in Morrisons at 25 and was on 120k a year by 30 with his own business. In his own words 'It's a much easier life being poor'. It really is, I never had a care in the world at 17, earnt little and always had a bit of money spare. By 19, I was earning around £20k and by 21 I was earning around £32k I know this is only pennies to most people, but I managed to dig myself a hole, and it got bigger and bigger. The job was/is (touch wood) very stable and I'll be okay, but if I became unemployed, or even took a slight pay cut, I think I'd be up the creek with no money to buy a paddle.
Strokes Posted 27 January 2015 Posted 27 January 2015 It really is, I never had a care in the world at 17, earnt little and always had a bit of money spare. By 19, I was earning around £20k and by 21 I was earning around £32k I know this is only pennies to most people, but I managed to dig myself a hole, and it got bigger and bigger. The job was/is (touch wood) very stable and I'll be okay, but if I became unemployed, or even took a slight pay cut, I think I'd be up the creek with no money to buy a paddle. It's easy to push ourselves up to and beyond our means, often it takes a fall to learn to be more prudent.
ozleicester Posted 28 January 2015 Posted 28 January 2015 The euro are going to print 60 BILLION a month for the next 18 months. is this really successful capitalism? you might want to read that again.... they are going to print, invent, create, produce 1.4 TRILLION DOLLARS out of no where, thin air. Does this seem a little odd? Surely with all of the worlds genii working in banking and international finance, and making sure that "you only get what you earn", the concept of giving away free money is a little contrary? Yes, ahh... of course... good old trickle down effect, we will give it to the banks, they will give lend it at a profit it to business and then it will get to the plebs, but as we know, that doesnt work, of the $1 given to the banks, less than $0.10 cents gets to the public. Fvcking joke... they can print $60 billion a month but dont give that starving kid on the streets an extra $10. CVNTS
The Railway Man Posted 28 January 2015 Posted 28 January 2015 The euro are going to print 60 BILLION a month for the next 18 months. is this really successful capitalism? you might want to read that again.... they are going to print, invent, create, produce 1.4 TRILLION DOLLARS out of no where, thin air. Does this seem a little odd? Surely with all of the worlds genii working in banking and international finance, and making sure that "you only get what you earn", the concept of giving away free money is a little contrary? Yes, ahh... of course... good old trickle down effect, we will give it to the banks, they will give lend it at a profit it to business and then it will get to the plebs, but as we know, that doesnt work, of the $1 given to the banks, less than $0.10 cents gets to the public. Fvcking joke... they can print $60 billion a month but dont give that starving kid on the streets an extra $10. CVNTS Probably one last attempt to keep the European Currency afloat with any possible chance of success, with the Greek election last week the whole project is moving closer to collapse by the day.
Jon the Hat Posted 28 January 2015 Posted 28 January 2015 The euro are going to print 60 BILLION a month for the next 18 months. is this really successful capitalism? you might want to read that again.... they are going to print, invent, create, produce 1.4 TRILLION DOLLARS out of no where, thin air. Does this seem a little odd? Surely with all of the worlds genii working in banking and international finance, and making sure that "you only get what you earn", the concept of giving away free money is a little contrary? Yes, ahh... of course... good old trickle down effect, we will give it to the banks, they will give lend it at a profit it to business and then it will get to the plebs, but as we know, that doesnt work, of the $1 given to the banks, less than $0.10 cents gets to the public. Fvcking joke... they can print $60 billion a month but dont give that starving kid on the streets an extra $10. CVNTS a) What starving kid on the streets? You think we should just hand out cash? b) The point of QE, whether you buy it or not, is to stimulate demand, and hence avoid recession or longer recession which causes people to be out of work and on the streets.
ozleicester Posted 13 February 2015 Posted 13 February 2015 a) What starving kid on the streets? You think we should just hand out cash? b) The point of QE, whether you buy it or not, is to stimulate demand, and hence avoid recession or longer recession which causes people to be out of work and on the streets. Sorry mustve missed this... Umm, there are kids starving on the streets throughout the world, just pick one if you need a reference point. And yes, we may as well just hand out cash, thats what the "QE" (money printing) is, but instead of giving cash out to the poor, starving and vulnerable, its being given to the rich....very rich...... obscenely rich, bankers etc. The trickle down/stimulation plan doesnt work, for every pound given, less than 10p gets to the public, the rest is, kept, invested and stored by mega rich bankers. http://www.theguardian.com/business/2011/feb/18/barclays-bank-113m-corporation-tax The world has been suckered by the rich and very rich, we continue to just accept them being given at our expense.
Webbo Posted 13 February 2015 Posted 13 February 2015 Sorry mustve missed this... Umm, there are kids starving on the streets throughout the world, just pick one if you need a reference point. And yes, we may as well just hand out cash, thats what the "QE" (money printing) is, but instead of giving cash out to the poor, starving and vulnerable, its being given to the rich....very rich...... obscenely rich, bankers etc. The trickle down/stimulation plan doesnt work, for every pound given, less than 10p gets to the public, the rest is, kept, invested and stored by mega rich bankers. http://www.theguardian.com/business/2011/feb/18/barclays-bank-113m-corporation-tax The world has been suckered by the rich and very rich, we continue to just accept them being given at our expense. Can you explain how the money is given to the rich?
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