The negative equity trap in the UK
Jun 19th 2012 | 8:04 pm
#31
Lost in BE Cyberspace
Joined: Apr 2009
Posts: 7,749
Re: The negative equity trap in the UK
The rule for us was you have to pay 9% of everything you earn over £15k. This effectively increases tax rates by 9%. Would you be happy doing this? We keep being told that the millionaires would leave the country if they got even a slight tax increase
I would advise UK students to learn a second language and go and study in Europe where its cheaper.
Jun 21st 2012 | 10:22 pm
#32
BE Enthusiast
Joined: Feb 2011
Posts: 797
From: South Wales and abroad
Re: The negative equity trap in the UK
My children were lucky, came out with £0 debts. They had support from us but in fareness both worked part time, both still came out with honours degree's. Friends of theirs who lived free at home still came out owing thousands, a lot depends on the student.
Too many useless degree's on offer these days, media studies et al, they should be cut back in my opinion.
I would say no need for another language, move the Canada, NZ or Australia, I'm pushing my two to do just that.
Too many useless degree's on offer these days, media studies et al, they should be cut back in my opinion.
I would say no need for another language, move the Canada, NZ or Australia, I'm pushing my two to do just that.
Jun 21st 2012 | 11:09 pm
#33
Started off with nothing
Joined: Feb 2009
Posts: 4,987
Re: The negative equity trap in the UK
A couple of years ago I was unable to drive for a while, and my wife, who's frightened to drive in Spain (we've got a beast of a car), got a friend of hers to drive her for our weekly shopping trips, which involved drawing out money from the cash point.
I did think about it at the time, but then gave her the pin number for, first one, and then for both of my credit cards. That's what you should do in a marriage, shouldn't you?
I'm a bit lax in checking my accounts, but didn't really notice anything unusual, until a couple of weeks ago. It appears I've paid for five flights to Florida. I know that her daughter (from a previous marriage) and her husband and three children went to Florida at that time.
It's not a big problem, if she had asked me I would have agreed anyway, it's all family, isn't it?
(It's an English card and I can't see the option to change the pin number when using it in Spain).
(And maybe she did ask me and I forgot).
I did think about it at the time, but then gave her the pin number for, first one, and then for both of my credit cards. That's what you should do in a marriage, shouldn't you?
I'm a bit lax in checking my accounts, but didn't really notice anything unusual, until a couple of weeks ago. It appears I've paid for five flights to Florida. I know that her daughter (from a previous marriage) and her husband and three children went to Florida at that time.
It's not a big problem, if she had asked me I would have agreed anyway, it's all family, isn't it?
(It's an English card and I can't see the option to change the pin number when using it in Spain).
(And maybe she did ask me and I forgot).
Jun 22nd 2012 | 12:43 am
#34
Forum Regular
Joined: Sep 2007
Posts: 178
Re: The negative equity trap in the UK
The only way to get out of the negative equity trap is to pay a bit more every month. I know this is not possible in many cases but even a few £ will help.
Good luck
Good luck
