"Rolling the debt"?

[Replay]

So I visited some friends of mine the other day....who got themselves into serious debt due to a couple of really bad decisions they've made over the last 2.5 years....one was quitting their jobs and leaving the country

The question of debt came up and I thought I'd ask some direct questions....and here's more or less the conversation.

Me: 'So you say you have big debt on your c/c?'

Her: 'Yip"

Me: 'How much if you don't mind me asking?'

Her: 'Erm...more or less 110 grand'

Me:
'What's your repayment on that in a month?'

Her:'4000....but we can't afford that...hahaha'

Me:'oh'

Her:'Yeah..what I do is...I roll it'

Me:'What do you mean by that'

Her:'I deposit my salary into the account every month...leave it there for 2 days..and then withdraw all of it again'

Me:'Oh'

Her:'The system sees it as a payment'

Me:'Oh...riiight'


Any comments are welcome.

 

[buyeye]

What would you like to know?

The value in cats?

 

[Hamster]

Yeah, if you are a dumbass loser don't marry another dumbass loser.

 

[midnightcaller]

Thanks for sharing this.
I always wonder about the jones'

 

[Replay]

What would you like to know?

The value in cats?

Are you by any chance related to that naked slut woman in the grantza thread?

 

[Hamster]

The biggest horse ever's name was Brooklyn Supreme or Brookie for short.

 

[Hamster]

The German man who refused to give the Nazi salute in that famous 1936 photo was listed as missing and presumed dead in 1944. He was married to a Jewish woman.

 

[Hamster]

The Cardiff Giant was a hoax from 1869

 

[Hamster]

^ ...some knowledge for yo ass

 

[Replay]

wtf are you doing you stupid rodent?

 

[Hamster]

wtf are you doing you stupid rodent?

You call me stupid when you place the question mark outside of the double quotes (which we erroneously used for emphasis) in the thread title? The nerve!

 

[Replay]

^ ...some knowledge for yo ass

Talking about knowledge...and I don't wanna derail my own thread...but I need to apologise to Datura for calling him a vijayjay yesterday

I actually watched his doccie on Aaron Swartz last night.....pretty damn amazing

 

[LaraC]

People with financial difficulties sometimes make it worse by maintaining their lifestyle instead of reducing their debt.
The interest on the outstanding balance are going to catch up with the ‘Rolling the debt’ strategy.
Should the financial institution close the account and demand settlement what will they do?

 

[Venomous]

wtf are you doing you stupid rodent?

Any comments are welcome.

.

 

[Replay]

You call me stupid when you place the question mark outside of the double quotes (which we erroneously used for emphasis) in the thread title? The nerve!

i didn't see that coming

 

[Hamster]

i didn't see that coming

That's what she said

 

[Replay]

People with financial difficulties sometimes make it worse by maintaining their lifestyle instead of reducing their debt.
The interest on the outstanding balance are going to catch up with the ‘Rolling the debt’ strategy.
Should the financial institution close the account and demand settlement what will they do?

They have a habit of throwing credit around like it's cash in hand....One can only look at people and shake your head

 

[LaraC]

Her:'I deposit my salary into the account every month...leave it there for 2 days..and then withdraw all of it again'

Me:'Oh'

Her:'The system sees it as a payment'

I didn't even know it is possible to that. Points to a serious flaw in the system.

 

[Replay]

.

Thx V

 

[Mortymoose]

Credit is a vice....

We hardly ever, ever, ever, do that, always save the money then purchase........