Let's Keep Spending
50320
Finance > Mortgage
Oct 18, 2007
Galway
Let's Keep Spending
The money in your pocket is real, but in today's credit ridden society, why do so many of us not just spend what we have, with credit cards, loans and mortgages so readily available to us, our consumer lifestyle is leading to the degeneration of society as we know it. Many financial problems in today's society stem from the now attitude, people want everything now, worrying about paying for it later, obviously banks and lenders are more than happy with this situation as we will on average pay them back double the amount borrowed, making them wealthy in the process. However, within the finance industry there appears to be a distinct lack of morals and limits with regards to the amount you can borrow, there even seems to be a purposeful and often dangerous lack of communication between departments within the same company, a good example being, when someone holds credit cards from apparently different card companies, only to discover when they are neck high in debt, that just one credit card company has issued several cards under different branding and threatening court action. In the last 20 years more people than ever have credit card bills that have little or no chance of ever getting repaid and more still have obtained mortgages beyond their means. Obviously this is not a good situation to be in, but who is at fault? The lending companies for over lending or the public for over borrowing? The bottom line is that all companies have the sole purpose of making money and many will do whatever it takes to fulfil this objective, whether you are dealing with a bank or a supermarket, they all use ingenious marketing campaigns to seduce us into parting with our money. With the UK gradually becoming a company in its own right and nearly every public service being run by a limited company, it's becoming harder than ever to determine what is in our own best interest. The only answer seems to be, not to believe what we are told on the can, but to research the people offering services and come to our own conclusions, anyone good at their job will be perfectly happy to supply details of satisfied customers, and this principal applies to all trades, from plumbers through to mortgage advice. In addition, when dealing with finances, the reason a loan amount is calculated upon income is to ensure it is affordable to you and doesn't leave you in financial disaster, so honesty really is the best policy.
Shaun Parker has been following developments in the mortgage industry over the past ten years. If you would like to find out more about mortgage advice
send email to Galway
Write a Review
Add to My Favorite
Refer it to Friend
Report Article
Other links owned by this user
There are a number of questions you need to ask yourself before you choose a chauffeur car hire company. These include what kind of impact are you looking to make, and what level of luxury are you after?
Category:
Are you stuck in a dead end job? Do you feel like you,re not getting paid enough? There is no longer any reason to feel this way: finding the perfect job has got easier.
Category:
A look into how having points and convictions on your license can affect your motorbike insurance premium.
Category:
Growing interest in the medicinal and aromatic properties of essential oils has led to a growth in their production. This article examines the production of essential oils in the UK and why farmers in the UK have a head start.
Category:
Our brief guide to the history and information about the ski resort of val d'isere. Everything from nightspots to the height above sea level - read it all in this handy guide.
Category:
Not sure what spread betting is? Read our article for a brief description of Spread Betting and how much can be made online.
Category:
Team building is crucial, it's not only essential when you have a divided or under performing team, it can also be a key factor to retaining a good strong team. So why is it so important?
Category:
Online music stores and Mp3 downloads offer huge benefits for people to find out what they like musically rather than following the consensus, and the earlier the better. While I think my musical obstinacy was a sign of resilience in a town full of clubbe
Category:
Time to dig out those old Vinyl records, and start getting some classic tunes on the go. With the latest turntables, you can easily record and digitize your old music collection and this article shows you how.
Category:
Here are some ideas to consider when choosing tableware as a wedding gift.
Category:
The Google revolution continues, it is now more than a decade after its conception and is increasingly part of everyday life for millions of people. However the journey is littered with casualties of the search engine wars.
Category:
A look at how travel training can work in your favour when undergoing the frustrating task of trying to get a job interview.
Category:
A precise guide for selection of the most appropriate venue for your needs within London area.
Category:
Your guide to selecting a suitable wedding car hire company and what classic or vintage car to choose.
Category:
A solution for easy holidays, enjoying more breaks away with the family without months of planning.
Category:
New to Mystery Shopping? Read this article and let us help you decrypt the subject in an easy to read format.
Category:
Ayrton Senna da Silva, three times World Formula One Champion, was celebrated for his domination of the pole-position, ability to manage wet weather conditions, and ruthless driving tactics. However 1994, his first year with the Williams team, was to fore
Category:
Finding the best ski chalets can be a daunting task - read our resort guide for Verbier and let us help you make up your mind about one of the best resorts in Europe.
Category:
The availability of wireless local area technology since the late 1990s combined with increased demand for access to the internet, has encouraged the latest generation of conference organisers to create purpose-built meeting rooms equipped with the latest
Category:
Other links at Finance > Mortgage
This article looks at how a business owner can obtain a commercial mortgage.
Category:
Remodeling your home is a dream for many home owners, but it comes with a price. How do you decide how to pay for your remodel?
Category:
The Council of Mortgage Lenders? figures are showing a growing trend in interest only tgages. From January to March 2002, 9% of new tgages were interest only. Now take the period from October to December 2005, and the amount of new interest only
Category:
Many mortgage providers will give provide incentive deals for people arranging mortgages through them for the very first time. They will offer a variety of mortgages based around variable rates and fixed terms.
Category:
Site Sponsor
Directory Statistics
Articles: 68222
Categories: 501
Yahoo Entertainment
