Australian Politics Forum - Most Australians Are Spending Beyond Their Means.

... Gold Member Offline Posts: 23673 WA Gender:	Re: Most Australians Are Spending Beyond Their Means. Reply #30 - Mar 16^th, 2011 at 4:59pm As I said mate - If it's such a foolproof scheme, go try it and tell me how it turns out.
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Sir lastnail

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Re: Most Australians Are Spending Beyond Their Means.
Reply #31 - Mar 16^th, 2011 at 6:25pm

... wrote on Mar 16^th, 2011 at 4:59pm:

As I said mate - If it's such a foolproof scheme, go try it and tell me how it turns out.

I know someone who did it years ago. They were on the dole and bought a 2nd hand car on credit and the dealers didn't even check their finance. Then he drove the car around for 6 months without paying anything back on it. The sheriffs eventually turned up at his door to get the car back but the car had broken down a month before. He told them where they could find the car and that was the last he heard from them. Then he saw the same car at the same dealers yard again obviously looking for another sucker to flog it to Wink

LOL

This dude did the same with TV's and anything else he could get on credit. He just didn't pay it off and the sheriff would eventually arrive at his door and repossess the goods. He didn't care because he got to watch a big screen TV for 6 months without paying for it Wink

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qikvtec Gold Member Offline Australian Politics Posts: 1846 Queensland	Re: Most Australians Are Spending Beyond Their Means. Reply #32 - Mar 16^th, 2011 at 6:32pm Quote: Also what ever happened to responsible lending habits?. Would you like to increase your credit limit?. Go on Mr Smith, you can do it have another $1000. Then again no Mr Smith, why not have another $2000. WTF happened to personal responsibility? No one made you spend it.
Back to top	Politicians and Nappies need to be changed often and for the same reason. One trouble with political jokes is that they often get elected. Alan Joyce for PM IP Logged

qikvtec

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Re: Most Australians Are Spending Beyond Their Means.
Reply #33 - Mar 16^th, 2011 at 6:35pm

Sir lastnail wrote on Mar 16^th, 2011 at 2:32pm:

Verge wrote on Mar 16^th, 2011 at 2:01pm:

Quote:

It should be a two way street. Responsible financial management. Also responsible lending habits. Wink

No it shouldnt.

Im tired of people blaming everyone else for their problems.

How about they pull their heads in and stop spending like a Labor Pollie and start living within their means.

They are credit cards, their interest rates are well known but that handbag seems far more important to some people.

Im sick of people wanting saving for themselves. Im sick of things like rehab being an excuse for people not taking responsibilty and Im tired of people like you imcrook standing behind them saying "its not your fault."

I'm Gerry Harvey and I am your best friend and I'm going to sell you this fridge and you don't have to make a payment for 4 years !!!!

Buy now, never ever pay later !!! Cheesy

LOL

You most certainly don't, but you'd be terminally fuggn stupid if you didn't. What they really should do is sterilise these morons to stop them from polluting the gene pool with their mindless stupidity.

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Politicians and Nappies need to be changed often and for the same reason.

One trouble with political jokes is that they often get elected.

Alan Joyce for PM

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qikvtec

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Re: Most Australians Are Spending Beyond Their Means.
Reply #34 - Mar 16^th, 2011 at 6:38pm

Sir lastnail wrote on Mar 16^th, 2011 at 3:46pm:

... wrote on Mar 16^th, 2011 at 3:41pm:

Sir lastnail wrote on Mar 16^th, 2011 at 3:37pm:

... wrote on Mar 16^th, 2011 at 3:31pm:

A smart man (ie ME) would put everything on credit and pay it off in full each month. That way, he doesn't pay a penny in interest, and racks up frequent flyer points to boot.

I got a trip to Fiji later this year, funded entirely by frequent flyer points which have accumlated over only about 2 years.

Of course, a degree of self control and financial management is required, so this puts it out of reach of many.

I suggested a better idea for unemployed people to get as many credit cards as they can and buy as much as they can and then not pay it off Wink

What's the worst that can happen to some one on the dole ?

LOL

Well, they would at least get 3 meals a day and a roof over their head when they go to prison. The judiciary doesn't look to kindly on crimes where money is involved. You're far better off bashing people for their wallets and then blaming it all on coming from a broken home.

Why would they go to prison ?? The banks offered them credit cards and they racked up a whole lot of debt that they couldn't afford to pay back. The sheriffs would probably go around and repossess the gear and no laws would have been broken. It's just a civil matter and is the fault of the credit company for offering credit to people who don't have the ability to service the loan.

Clearly you've not applied for any credit in the past 12 months, nor have applied for any since Jan 2011.

Sadly the banks would lose in court if a low life took TLN's "Advice"

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Politicians and Nappies need to be changed often and for the same reason.

One trouble with political jokes is that they often get elected.

Alan Joyce for PM

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qikvtec

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Queensland

Re: Most Australians Are Spending Beyond Their Means.
Reply #35 - Mar 16^th, 2011 at 6:41pm

perceptions_now wrote on Mar 16^th, 2011 at 4:52pm:

Verge wrote on Mar 16^th, 2011 at 2:01pm:

Quote:

It should be a two way street. Responsible financial management. Also responsible lending habits. Wink

No it shouldnt.

Im tired of people blaming everyone else for their problems.

How about they pull their heads in and stop spending like a Labor Pollie and start living within their means.

They are credit cards, their interest rates are well known but that handbag seems far more important to some people.

Im sick of people wanting saving for themselves. Im sick of things like rehab being an excuse for people not taking responsibilty and Im tired of people like you imcrook standing behind them saying "its not your fault."

Yes, it should!

Amongst the reasons, for the current GFC, is the housing collapse in the USA and one of the reasons for that collapse was that US financial institutions were allowed to do some totally unethical things, which were aided & abetted by changes in the US regulatory system.

In Australia, in days gone by, you had to prove you could afford your Credit Crad limit/payments, now you are bombarded with requests to increase your limits, without the card provider having any knowledge of your financial position.

It is purely a numbers game!

And since Jan 2011 the bank has to prove you can afford it with an unsuitability and suitability test.

It is only an offer, it's not a pre-approval. I get 3-5 of those a week.

Back to top

Politicians and Nappies need to be changed often and for the same reason.

One trouble with political jokes is that they often get elected.

Alan Joyce for PM

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Sir lastnail

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Re: Most Australians Are Spending Beyond Their Means.
Reply #36 - Mar 16^th, 2011 at 7:12pm

qikvtec wrote on Mar 16^th, 2011 at 6:41pm:

perceptions_now wrote on Mar 16^th, 2011 at 4:52pm:

Verge wrote on Mar 16^th, 2011 at 2:01pm:

Quote:

It should be a two way street. Responsible financial management. Also responsible lending habits. Wink

No it shouldnt.

Im tired of people blaming everyone else for their problems.

How about they pull their heads in and stop spending like a Labor Pollie and start living within their means.

They are credit cards, their interest rates are well known but that handbag seems far more important to some people.

Im sick of people wanting saving for themselves. Im sick of things like rehab being an excuse for people not taking responsibilty and Im tired of people like you imcrook standing behind them saying "its not your fault."

Yes, it should!

Amongst the reasons, for the current GFC, is the housing collapse in the USA and one of the reasons for that collapse was that US financial institutions were allowed to do some totally unethical things, which were aided & abetted by changes in the US regulatory system.

In Australia, in days gone by, you had to prove you could afford your Credit Crad limit/payments, now you are bombarded with requests to increase your limits, without the card provider having any knowledge of your financial position.

It is purely a numbers game!

And since Jan 2011 the bank has to prove you can afford it with an unsuitability and suitability test.

It is only an offer, it's not a pre-approval. I get 3-5 of those a week.

Does subprime mortgages and the GFC ring a bell to you ?? How the hell did that ever happen ??

What on earth are they going do to someone on the dole ?? Are they going to garnish their wages are they ??

LOL

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"If you take out Saddam, I guarantee you that it will have enormous positive reverberations on the region..." - Benjamin Netanyahu in 1995

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Kat

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Re: Most Australians Are Spending Beyond Their Means.
Reply #37 - Mar 16^th, 2011 at 7:46pm

LastNail wrote: - "What on earth are they going do to someone on the dole ?? Are they going to garnish their wages are they ??"

Well, no.

But Satanlink would garnish their dole-payments, and quite savagely, too.

And that's if they don't get charged with fraud, or 'obtaining benefit by deception'.

Of which, they'd almost certainly be found guilty. And, being unemployed, a jail
term would be a virtual certainty

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qikvtec

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Re: Most Australians Are Spending Beyond Their Means.
Reply #38 - Mar 16^th, 2011 at 8:58pm

Sir lastnail wrote on Mar 16^th, 2011 at 7:12pm:

qikvtec wrote on Mar 16^th, 2011 at 6:41pm:

perceptions_now wrote on Mar 16^th, 2011 at 4:52pm:

Verge wrote on Mar 16^th, 2011 at 2:01pm:

Quote:

It should be a two way street. Responsible financial management. Also responsible lending habits. Wink

No it shouldnt.

Im tired of people blaming everyone else for their problems.

How about they pull their heads in and stop spending like a Labor Pollie and start living within their means.

They are credit cards, their interest rates are well known but that handbag seems far more important to some people.

Im sick of people wanting saving for themselves. Im sick of things like rehab being an excuse for people not taking responsibilty and Im tired of people like you imcrook standing behind them saying "its not your fault."

Yes, it should!

Amongst the reasons, for the current GFC, is the housing collapse in the USA and one of the reasons for that collapse was that US financial institutions were allowed to do some totally unethical things, which were aided & abetted by changes in the US regulatory system.

In Australia, in days gone by, you had to prove you could afford your Credit Crad limit/payments, now you are bombarded with requests to increase your limits, without the card provider having any knowledge of your financial position.

It is purely a numbers game!

And since Jan 2011 the bank has to prove you can afford it with an unsuitability and suitability test.

It is only an offer, it's not a pre-approval. I get 3-5 of those a week.

Leftard politicians that believed it was everyone's god given right to own a property and to have a loan they could never possibly afford, crossed with the natural tendency of banks to take on as much risk as they can possibly get away with. If you want to blame one specific entity it should be Obama or Clinton; they established the policy.

Does subprime mortgages and the GFC ring a bell to you ?? How the hell did that ever happen ??

What on earth are they going do to someone on the dole ?? Are they going to garnish their wages are they ??

LOL

Leftard politicians that believed it was everyones god given right to own a property and to have a loan they could never possibly afford, crossed with the natural tendency of banks to take on as much risk as they can possibly get away with. If you want to blame one specific entity it should be Obama or Clinton; they established the policy.

Back to top

Politicians and Nappies need to be changed often and for the same reason.

One trouble with political jokes is that they often get elected.

Alan Joyce for PM

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mavisdavis

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Australian Politics

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Re: Most Australians Are Spending Beyond Their Means.
Reply #39 - Mar 16^th, 2011 at 8:59pm

qikvtec wrote on Mar 16^th, 2011 at 6:35pm:

Sir lastnail wrote on Mar 16^th, 2011 at 2:32pm:

Verge wrote on Mar 16^th, 2011 at 2:01pm:

Quote:

It should be a two way street. Responsible financial management. Also responsible lending habits. Wink

No it shouldnt.

Im tired of people blaming everyone else for their problems.

How about they pull their heads in and stop spending like a Labor Pollie and start living within their means.

They are credit cards, their interest rates are well known but that handbag seems far more important to some people.

Im sick of people wanting saving for themselves. Im sick of things like rehab being an excuse for people not taking responsibilty and Im tired of people like you imcrook standing behind them saying "its not your fault."

I'm Gerry Harvey and I am your best friend and I'm going to sell you this fridge and you don't have to make a payment for 4 years !!!!

Buy now, never ever pay later !!! Cheesy

LOL

You most certainly don't, but you'd be terminally fuggn stupid if you didn't. What they really should do is sterilise these morons to stop them from polluting the gene pool with their mindless stupidity.

Do you think that the stupidity will stop before the steralisation?

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qikvtec

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Queensland

Re: Most Australians Are Spending Beyond Their Means.
Reply #40 - Mar 16^th, 2011 at 9:00pm

mavisdavis wrote on Mar 16^th, 2011 at 8:59pm:

qikvtec wrote on Mar 16^th, 2011 at 6:35pm:

Sir lastnail wrote on Mar 16^th, 2011 at 2:32pm:

Verge wrote on Mar 16^th, 2011 at 2:01pm:

Quote:

It should be a two way street. Responsible financial management. Also responsible lending habits. Wink

No it shouldnt.

Im tired of people blaming everyone else for their problems.

How about they pull their heads in and stop spending like a Labor Pollie and start living within their means.

They are credit cards, their interest rates are well known but that handbag seems far more important to some people.

Im sick of people wanting saving for themselves. Im sick of things like rehab being an excuse for people not taking responsibilty and Im tired of people like you imcrook standing behind them saying "its not your fault."

I'm Gerry Harvey and I am your best friend and I'm going to sell you this fridge and you don't have to make a payment for 4 years !!!!

Buy now, never ever pay later !!! Cheesy

LOL

You most certainly don't, but you'd be terminally fuggn stupid if you didn't. What they really should do is sterilise these morons to stop them from polluting the gene pool with their mindless stupidity.

Do you think that the stupidity will stop before the steralisation?

Not a chance, but it'll certainly stop it's spread.

Back to top

Politicians and Nappies need to be changed often and for the same reason.

One trouble with political jokes is that they often get elected.

Alan Joyce for PM

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Sir lastnail

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Australian Politics

Posts: 30923
Gender: male

Re: Most Australians Are Spending Beyond Their Means.
Reply #41 - Mar 16^th, 2011 at 9:07pm

Kat wrote on Mar 16^th, 2011 at 7:46pm:

LastNail wrote: - "What on earth are they going do to someone on the dole ?? Are they going to garnish their wages are they ??"

Well, no.

But Satanlink would garnish their dole-payments, and quite savagely, too.

And that's if they don't get charged with fraud, or 'obtaining benefit by deception'.

Of which, they'd almost certainly be found guilty. And, being unemployed, a jail
term would be a virtual certainty

that's almost impossible to prove. the dole recipient only has to state that he believed that he was going to get a job but the job never came through and he couldn't service the loan. the bank hasn't got a leg to stand on because they should have done their due diligence before they handed over the money.

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"If you take out Saddam, I guarantee you that it will have enormous positive reverberations on the region..." - Benjamin Netanyahu in 1995

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qikvtec

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Re: Most Australians Are Spending Beyond Their Means.
Reply #42 - Mar 16^th, 2011 at 9:24pm

Sir lastnail wrote on Mar 16^th, 2011 at 9:07pm:

Kat wrote on Mar 16^th, 2011 at 7:46pm:

LastNail wrote: - "What on earth are they going do to someone on the dole ?? Are they going to garnish their wages are they ??"

Well, no.

But Satanlink would garnish their dole-payments, and quite savagely, too.

And that's if they don't get charged with fraud, or 'obtaining benefit by deception'.

Of which, they'd almost certainly be found guilty. And, being unemployed, a jail
term would be a virtual certainty

that's almost impossible to prove. the dole recipient only has to state that he believed that he was going to get a job but the job never came through and he couldn't service the loan. the bank hasn't got a leg to stand on because they should have done their due diligence before they handed over the money.

If it happens post Jan 2011 the bank is fornicated, good luck getting credit if your household income is less the $40k in the new regime; unless you live at home and are not at all liable for housing costs.

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Politicians and Nappies need to be changed often and for the same reason.

One trouble with political jokes is that they often get elected.

Alan Joyce for PM

IP Logged

perceptions_now

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Perth WA
Gender: male

Re: Most Australians Are Spending Beyond Their Means.
Reply #43 - Mar 16^th, 2011 at 10:09pm

qikvtec wrote on Mar 16^th, 2011 at 8:58pm:

Sir lastnail wrote on Mar 16^th, 2011 at 7:12pm:

qikvtec wrote on Mar 16^th, 2011 at 6:41pm:

perceptions_now wrote on Mar 16^th, 2011 at 4:52pm:

Verge wrote on Mar 16^th, 2011 at 2:01pm:

Quote:

It should be a two way street. Responsible financial management. Also responsible lending habits. Wink

No it shouldnt.

Im tired of people blaming everyone else for their problems.

How about they pull their heads in and stop spending like a Labor Pollie and start living within their means.

They are credit cards, their interest rates are well known but that handbag seems far more important to some people.

Im sick of people wanting saving for themselves. Im sick of things like rehab being an excuse for people not taking responsibilty and Im tired of people like you imcrook standing behind them saying "its not your fault."

Yes, it should!

Amongst the reasons, for the current GFC, is the housing collapse in the USA and one of the reasons for that collapse was that US financial institutions were allowed to do some totally unethical things, which were aided & abetted by changes in the US regulatory system.

In Australia, in days gone by, you had to prove you could afford your Credit Crad limit/payments, now you are bombarded with requests to increase your limits, without the card provider having any knowledge of your financial position.

It is purely a numbers game!

And since Jan 2011 the bank has to prove you can afford it with an unsuitability and suitability test.

It is only an offer, it's not a pre-approval. I get 3-5 of those a week.

Leftard politicians that believed it was everyone's god given right to own a property and to have a loan they could never possibly afford, crossed with the natural tendency of banks to take on as much risk as they can possibly get away with. If you want to blame one specific entity it should be Obama or Clinton; they established the policy.

Does subprime mortgages and the GFC ring a bell to you ?? How the hell did that ever happen ??

What on earth are they going do to someone on the dole ?? Are they going to garnish their wages are they ??

LOL

Leftard politicians that believed it was everyones god given right to own a property and to have a loan they could never possibly afford, crossed with the natural tendency of banks to take on as much risk as they can possibly get away with. If you want to blame one specific entity it should be Obama or Clinton; they established the policy.

Try both Democrats & Republicans, they were both involved, up to their necks, plus the regulators, plus those actually in the Financial sector

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Sir lastnail

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Re: Most Australians Are Spending Beyond Their Means.
Reply #44 - Mar 17^th, 2011 at 11:27am

qikvtec wrote on Mar 16^th, 2011 at 6:35pm:

Sir lastnail wrote on Mar 16^th, 2011 at 2:32pm:

Verge wrote on Mar 16^th, 2011 at 2:01pm:

Quote:

It should be a two way street. Responsible financial management. Also responsible lending habits. Wink

No it shouldnt.

Im tired of people blaming everyone else for their problems.

How about they pull their heads in and stop spending like a Labor Pollie and start living within their means.

They are credit cards, their interest rates are well known but that handbag seems far more important to some people.

Im sick of people wanting saving for themselves. Im sick of things like rehab being an excuse for people not taking responsibilty and Im tired of people like you imcrook standing behind them saying "its not your fault."

I'm Gerry Harvey and I am your best friend and I'm going to sell you this fridge and you don't have to make a payment for 4 years !!!!

Buy now, never ever pay later !!! Cheesy

LOL

You most certainly don't, but you'd be terminally fuggn stupid if you didn't. What they really should do is sterilise these morons to stop them from polluting the gene pool with their mindless stupidity.

you mean sterilize Gerry Harvey ?? Yes I agree Wink

LOL

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"If you take out Saddam, I guarantee you that it will have enormous positive reverberations on the region..." - Benjamin Netanyahu in 1995

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