Old Project Avalon Forum (ARCHIVE) - View Single Post - Clear Your Debts 70% of Credit Agreements Are Unenforcable Therefore NON repayable.

Average Joe · 11-05-2008, 11:55 PM

After my experiences I don't believe in borrowing money period. Not anymore.

I don't have a mortgage, never took one out, partly because I had so much debt at the time when I was interested in buying a house, and then house prices shot up, which took mortgage affordability above my disposable income at that time.

I could afford a mortgage now and if I was ever going to borrow money ever again, I would only consider a mortgage, nothing else.

But I just don't want to go down that route again.

I have no loans, no credit cards, no store cards anymore, everything I buy these days is cash. My current car was bought cash etc. Everything, new TV, new cooker, redecorating, clothes, whatever, cash. If I don't happen to have the cash I don't buy it.

The banks do not control me anymore. Its liberating and satisfying.

11-05-2008, 11:55 PM	#42
Average Joe Avalon Senior Member Join Date: Sep 2008 Location: UK Posts: 377	Re: Clear Your Debts 70% of Credit Agreements Are Unenforcable Therefore NON repayabl After my experiences I don't believe in borrowing money period. Not anymore. I don't have a mortgage, never took one out, partly because I had so much debt at the time when I was interested in buying a house, and then house prices shot up, which took mortgage affordability above my disposable income at that time. I could afford a mortgage now and if I was ever going to borrow money ever again, I would only consider a mortgage, nothing else. But I just don't want to go down that route again. I have no loans, no credit cards, no store cards anymore, everything I buy these days is cash. My current car was bought cash etc. Everything, new TV, new cooker, redecorating, clothes, whatever, cash. If I don't happen to have the cash I don't buy it. The banks do not control me anymore. Its liberating and satisfying.