Comments on: Would you credit it?

By: RICHARD

RICHARD — Thu, 11 Nov 2010 11:50:48 +0000

NEW FASHION store. Original designers collection at low prices!!! 20 % TO 70 % OFF. END OF SEASON SALE!!!
... BUY FASHION. TOP BRANDS: GUCCI, DOLCE&GABBANA, BURBERRY, DIESEL, ICEBERG, ROBERTO CAVALLI, EMPORIO ARMANI, VERSACE...

By: JIM

JIM — Thu, 09 Sep 2010 08:43:16 +0000

CheapTabletsOnline.com. Canadian Health&Care.Special Internet Prices.Best quality drugs.No prescription online pharmacy. Low price pills. Order drugs online…

Buy:Viagra Super Active+.Levitra.Cialis.Maxaman.Cialis Professional.Soma.Propecia.Cialis Super Active+.Viagra.Viagra Super Force.Super Active ED Pack.Zithromax.Cialis Soft Tabs.Viagra Professional.VPXL.Tramadol.Viagra Soft Tabs….

By: James

James — Wed, 29 Jul 2009 04:33:39 +0000

Almost everywhere accepts my debit card – except some websites, not problems at shops. But it’s for a big bank. My ethical debit card is for the Co-op – accepted nowhere. So it goes…

By: Alex Bell

Alex Bell — Fri, 24 Jul 2009 23:31:37 +0000

True, David, up to a point. But there are a lot of places that will accept credit cards that won’t accept debit cards. At least, my Swiss debit card only works in Waterstones and a few other places, but is completely rejected at Sainsbury’s and Tesco. Why? I have no idea.

By: David Floyd

David Floyd — Fri, 24 Jul 2009 14:56:57 +0000

“Re German credit cards – how a population of 90 million survives on 2.3 million credit cards is a mystery. They must never travel and never buy anything on the internet.”

They could use debit cards for that.

By: Alex Bell

Alex Bell — Thu, 23 Jul 2009 23:37:26 +0000

Re German credit cards – how a population of 90 million survives on 2.3 million credit cards is a mystery. They must never travel and never buy anything on the internet. Once again, what is wrong is having a sheaf of maxed out credit cards. There is nothing wrong with owning one. I have only one, which I use frequently and on which I never pay interest. It’s a handy tool. I think just about anyone should have one. But several? What’s the point, unless you are hopelessly in debt and are struggling with repayments. it is no surprise that banks will want to lend more to the solvent. Where we should worry is when they want to lend to the insolvent.

By: Alex Bell

Alex Bell — Thu, 23 Jul 2009 23:29:50 +0000

Taxing house price increases? That will be popular. You can’t become rich by earning money. At some stage, it is unearned, or unjustified, either through bonuses, unrealistic salaries or speculation. For many people, participating in the housing lottery is their only chance to actually ensure financial security. The problem of shopping is not allowing people to get richer – what’s wrong with that? – it’s what they do with their riches. Take away the motor in society for people to decide their own destinies and you will get the motorless, do-nothing societies of the former communist bloc. It makes a lot more sense to pay a mortgage than rent into someone else’s pockets. The shopping problem is well posed, but the solutions need an awful lot of thought.

By: editor

editor — Mon, 20 Jul 2009 20:21:30 +0000

I agree Robin but its all part of the same conditioning process – to get use used to credit whether its on plastic or bricks. We have to tackle both issues. We used to get pleasure from savings; the savings book was the emblem of delayed gratification. Can we find ways back to such pleasures? It cant be too difficult as David suggests. Compass is looking at taxing house prices increases to make home places to live in and not speculate on. That would be a start in answering Robin’s point.

By: David Floyd

David Floyd — Mon, 20 Jul 2009 11:11:00 +0000

Does having less credit cards in Germany make things better?

I generally agree with you about the problems of dependence on unrealistic levels of credit but, now that that’s happened, I’m not sure about the best way to deal with the problem.

It would be a brave government that introduced legislation designed to just turn off the taps of credit. There’s millions of people who’ve grown up with a certain approach to personal finance, they’re unlikely to be happy with a big bang move to a completely different approach.

By: Robin Smith

Robin Smith — Mon, 20 Jul 2009 09:50:26 +0000

The recession was built on a credit bubble true.

Yet that credit bubble was overwhelmingly built on top of a real estate bubble… secured debt on land titles as collateral. See here for detail: http://gco2e.blogspot.com/2009/04/what-we-owe-banks.html

The unsecured credit card debt was a small proportion. Surely we shoud be speaking about the big chunks in loans for land. Anything less is a paliative?