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Be careful how you spend your credit cards!
I remember the guy who was studying with me last year of my bachelor degree.I was bit worried that how am I gonna get my admission fee for masters.I spoke to him and he seemed like he was having time of his life. .
He was happy because he got his money sorted for admission.I asked him , "How did you get the money?".He replied that ,"I got £5000 overdraft, then credit cards like £400.I was bit jealous , why I don't get that kind of money.So he got the admission into the university and paid like £8000 from overdraft and cards.He was so happy and started to go to uni and hang out with friends.But the trick is when his bills started to coming.So I met him six months later and asked him what is going on?The he explained to me what the implication of using credit cards and overdrafts.His income was much less than his direct debit.He couldn't save the money , so he used take the money out from his account before the direct debit date .Then at the end his direct debit cancelled and all the letters about payment and noticed started to coming.One night he noticed that as soon as money comes from work or any transfer his money seems to be disappeared .So at 12:00 o'clock or so he waits for his money to come from work place and he used to transfer someone else's account.Also he couldn't open his account to any other banks.So he still does that and looking for cash -in - hand jobs which is really hard to find in London.So be careful how you spend and don't go over limit.
I remember the guy who was studying with me last year of my bachelor degree.I was bit worried that how am I gonna get my admission fee for masters.I spoke to him and he seemed like he was having time of his life. .
He was happy because he got his money sorted for admission.I asked him , "How did you get the money?".He replied that ,"I got £5000 overdraft, then credit cards like £400.I was bit jealous , why I don't get that kind of money.So he got the admission into the university and paid like £8000 from overdraft and cards.He was so happy and started to go to uni and hang out with friends.But the trick is when his bills started to coming.So I met him six months later and asked him what is going on?The he explained to me what the implication of using credit cards and overdrafts.His income was much less than his direct debit.He couldn't save the money , so he used take the money out from his account before the direct debit date .Then at the end his direct debit cancelled and all the letters about payment and noticed started to coming.One night he noticed that as soon as money comes from work or any transfer his money seems to be disappeared .So at 12:00 o'clock or so he waits for his money to come from work place and he used to transfer someone else's account.Also he couldn't open his account to any other banks.So he still does that and looking for cash -in - hand jobs which is really hard to find in London.So be careful how you spend and don't go over limit.
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