Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Debt should only be considered a short term arangement - not having a go at you Monkey as you sound like you're clearing yours off.
Think about it: "lend us a tenner, mate, I'll pay you back Monday". This is the model that I use.
You don't keep going back to your mates and borrowing more tenners, week in week out and just giving them 50p back at a time do you? (Actually I know someone who tries this but he's a coont).
Anything I borrow I pay back as soon as I can.
People who think that they can play the system, or keep borrowing "because it's cheap" are deluding themselves and are born losers that deserve a life as a permie.
Yeah I completely agree with you! I've got 2 years to go and I'm free from the shackles of capitalist lending.
Originally posted by threaded
If they are getting into debt then surely they are not really high earners, they are just people who are earning high currently, but that is not their usual state of affairs.
Yes this was my case entirely. I eventually escaped it by forcing a £24k raise in 2 years by company hopping (at the cost of my reputation) to pay for what I'd borrowed and have jumped into contracting recently to gain another few quid. Worked a treat (fortunately).
Comment