[james peters]

I am amazed from what I read on here about takings , employees , fleets of vans etc .
I am just me and my daughter with a trailor , 2 back packs , and I smile at what I read .
I don't need credit in any form anymore . and never will .

[Simon Trapani]

There's no shame in using credit cards or loans of any sort if used sensibly & responsibly. I got no problem with it.

Speculate to accumulate and all that, tax reasons or simply just wanting something now and paying it back over the timescale you're happy with. I often buy things on credit. No need to be a hero.

[james peters]

I have no need to . I used to . but don't see the point now .
I speculated years ago .
I guess I am just surprised by the bragging on this forum ? but in reality its high revenue but low profit.
I suppose I am one of many that read many threads ... learn but also chuckle at the bragging of earnings . the cocky people that think they know but in reality ........are way behind TBO

[Stoots]

Nothing wrong in taking credit if you are going to use it to increase profits.

[John Mart]

I have no need to . I used to . but don't see the point now .
I speculated years ago .
I guess I am just surprised by the bragging on this forum ? but in reality its high revenue but low profit.
I suppose I am one of many that read many threads ... learn but also chuckle at the bragging of earnings . the cocky people that think they know but in reality ........are way behind TBO

Think you’re being silly. I arranged an overdraft of 10k this year as a back up to cover 150,000 leaflet delivery through Roysl Mail and others. We’ve scraped into it a couple of times and when the VAT bill is due next week we will again but we expect to add 500 customers this year bringing in a turnover increase of about £70,000. What do you think it will cost to pay for a van (on HP so credit again) and an employee to cover that work?

At some point, if you want to accelerate growth you’ll need credit facilities. Personally I wouldn’t use the PayPal option because it would be expensive, but I imagine for a quick fix in an emergency it has its role.

[Go]

If a few people are slow to pay BIG invoices, then you need a back up to pay wages. It’s irresponsible not to have something in place.

[dazmond]

I have no need to . I used to . but don't see the point now .
I speculated years ago .
I guess I am just surprised by the bragging on this forum ? but in reality its high revenue but low profit.
I suppose I am one of many that read many threads ... learn but also chuckle at the bragging of earnings . the cocky people that think they know but in reality ........are way behind TBO

your just making sweeping generalisations......you ve no idea what stage another persons business is at.(if its at a rapid growth phase to generate work/employees for example).....

credit is good esp with the no interest/low interest climate at the moment.....AS LONG AS YOU CAN AFFORD TO PAY IT BACK

[Shrek]

Borrowing a little on interest free is fantastic for your credit score, not only that - if you borrow 2500 interest free , you could have 2500 in a nationwide bank account earning 5% which pays £10 a month interest. At the end of the year you’ve made 120 squid for having money in the bank instead of spending it all in one go

[Tom-01]

I have no need to . I used to . but don't see the point now .
I speculated years ago .
I guess I am just surprised by the bragging on this forum ? but in reality its high revenue but low profit.
I suppose I am one of many that read many threads ... learn but also chuckle at the bragging of earnings . the cocky people that think they know but in reality ........are way behind TBO

I agree with that statement. It can be the case of constantly spending trying to plug the holes thinking all will be ok, borrow, borrow, borrow thinking throwing money at everything will sort it.

However, if planned correctly, using credit is the best way forward. As long as it's thought through in detail why you're taking the money and the ultimate goal is worthwhile then I think it's the best way. Why not use someone else's money to get yourself in a better situation?

[Kev Martin]

I am amazed from what I read on here about takings , employees , fleets of vans etc .
I am just me and my daughter with a trailor , 2 back packs , and I smile at what I read .
I don't need credit in any form anymore . and never will .

I think you have it slightly wrong personally.  In my opinion it depends where you are and where YOU want to go on the ladder of life.  Most youngsters and ambitious people need to borrow to  in life and then there are others who want to be their own boss or own a company employing people.  I have a fairly large company but recently I wanted to expand and to do so I needed to borrow  money and increase my overdraft.  I am not ashamed, I have a brilliant accountant whom I discuss everything with and then we make decisions together because I want to ensure I can repay any loans plus I am a responsible employer and people rely on me and my company to live.

On the flip side to your argument I know two relatively young guys (about 36 ish now) who both started working for the same company nearly 15 years ago!  One of them is still single working in the same job 9-5,  5 days a week,  goes on the lash most nights, the odd holiday, doesn't really  have much ambition and runs around in a 5 or 6 year old Insignia.  The other one is married with 2 kids, bought his own house in an expensive area, drives a new car and is one of the Managers at the same company.  They both had the same chance and the not so ambitious one definetly has the potential to be where his mate is.   However, they are both happy or so they say.

[Kev Martin]

Yep. I borrowed £16k off that last year. You set the repayment percentage. I went for the maximum of 25% so every PayPal transaction you have 25% goes towards repayment of the loan. You can set lower. Took me 10 min to set it up and the money was there straight away.

So it took you 13 months to pay back and cost you £4472   so a whopping 28% in Interest, charges, fees or whatever else PAYPAL want to call it

[Tom-01]

Just been offered this from PayPal, due to the sales volumes I process using cards apparently i am processing enough payments to warrant this service.

Never heard of it before has anyone used something like this before?

Marc, we haven't had any updates on your push to £80k for a while - how's it all going?

[Marc Stock]

Just been offered this from PayPal, due to the sales volumes I process using cards apparently i am processing enough payments to warrant this service.

Never heard of it before has anyone used something like this before?

Marc, we haven't had any updates on your push to £80k for a while - how's it all going?

Its going very well thanks tom. Im not as far ahead as id like to be, but we are approaching 56k turnover now; i need to be at 60k before i can afford to pay someone for my 80k push. And then let it run itself so i can concentrate on the engineering business

 I have had a couple of distractions; one being a new motorbike  and the other we purchased a high speed, mazak production run lathe with full automated bar feed and the like for the engineering business; which at the moment is going nuts; we are very busy with the so i have been running and growing the window cleaning business; and at the weekends getting the engineering shop ready with extra 3 phase power; and moving around mills and machines to accomodate the new lathe; it arrives this friday.

Cant be bothered to do updates on here anymore. There is little point as most on here are keyboard warriors; with an axe to grind.

[֍Winp®oClean֍]

Just been offered this from PayPal, due to the sales volumes I process using cards apparently i am processing enough payments to warrant this service.

Never heard of it before has anyone used something like this before?

Marc, we haven't had any updates on your push to £80k for a while - how's it all going?

Its going very well thanks tom. Im not as far ahead as id like to be, but we are approaching 56k turnover now; i need to be at 60k before i can afford to pay someone for my 80k push. And then let it run itself so i can concentrate on the engineering business

 I have had a couple of distractions; one being a new motorbike  and the other we purchased a high speed, mazak production run lathe with full automated bar feed and the like for the engineering business; which at the moment is going nuts; we are very busy with the so i have been running and growing the window cleaning business; and at the weekends getting the engineering shop ready with extra 3 phase power; and moving around mills and machines to accomodate the new lathe; it arrives this friday.

Cant be bothered to do updates on here anymore. There is little point as most on here are keyboard warriors; with an axe to grind.

What ride did you get Marc?

[Marc Stock]

Just been offered this from PayPal, due to the sales volumes I process using cards apparently i am processing enough payments to warrant this service.

Never heard of it before has anyone used something like this before?

Marc, we haven't had any updates on your push to £80k for a while - how's it all going?

Its going very well thanks tom. Im not as far ahead as id like to be, but we are approaching 56k turnover now; i need to be at 60k before i can afford to pay someone for my 80k push. And then let it run itself so i can concentrate on the engineering business

 I have had a couple of distractions; one being a new motorbike  and the other we purchased a high speed, mazak production run lathe with full automated bar feed and the like for the engineering business; which at the moment is going nuts; we are very busy with the so i have been running and growing the window cleaning business; and at the weekends getting the engineering shop ready with extra 3 phase power; and moving around mills and machines to accomodate the new lathe; it arrives this friday.

Cant be bothered to do updates on here anymore. There is little point as most on here are keyboard warriors; with an axe to grind.

What ride did you get Marc?

Well i passed my direct access course last month, so i wanted to get out and do some riding this summer; so i went out looking for a motorcycle i could pick up for pocket money; as idont want to take out finance and my budget was under £1500 due to the costs in obtaining a motorcycle licence now is extortionate.

So i found a 2003 triumph sprint rs 955i, with a scot oiler, and upgraded 6 pot calipers and only paid £1175; propper bargain. Service history the size of a bible; brand new tyres with only 200 miles on them; 120bhp 200kg it gets down the road like a scolded cat.

[֍Winp®oClean֍]

Great buy!! 👍 You'de be hard pressed to buy better for that money, pretty perfect introduction to bigger bikes too- just keep your head and ride safely!!😃

[John Mart]

Just been offered this from PayPal, due to the sales volumes I process using cards apparently i am processing enough payments to warrant this service.

Never heard of it before has anyone used something like this before?

Marc, we haven't had any updates on your push to £80k for a while - how's it all going?

Its going very well thanks tom. Im not as far ahead as id like to be, but we are approaching 56k turnover now; i need to be at 60k before i can afford to pay someone for my 80k push. And then let it run itself so i can concentrate on the engineering business

 I have had a couple of distractions; one being a new motorbike  and the other we purchased a high speed, mazak production run lathe with full automated bar feed and the like for the engineering business; which at the moment is going nuts; we are very busy with the so i have been running and growing the window cleaning business; and at the weekends getting the engineering shop ready with extra 3 phase power; and moving around mills and machines to accomodate the new lathe; it arrives this friday.

Cant be bothered to do updates on here anymore. There is little point as most on here are keyboard warriors; with an axe to grind.

What ride did you get Marc?

Well i passed my direct access course last month, so i wanted to get out and do some riding this summer; so i went out looking for a motorcycle i could pick up for pocket money; as idont want to take out finance and my budget was under £1500 due to the costs in obtaining a motorcycle licence now is extortionate.

So i found a 2003 triumph sprint rs 955i, with a scot oiler, and upgraded 6 pot calipers and only paid £1175; propper bargain. Service history the size of a bible; brand new tyres with only 200 miles on them; 120bhp 200kg it gets down the road like a scolded cat.

It looks terrifying. 

[Stoots]

Just been offered this from PayPal, due to the sales volumes I process using cards apparently i am processing enough payments to warrant this service.

Never heard of it before has anyone used something like this before?

Marc, we haven't had any updates on your push to £80k for a while - how's it all going?

Its going very well thanks tom. Im not as far ahead as id like to be, but we are approaching 56k turnover now; i need to be at 60k before i can afford to pay someone for my 80k push. And then let it run itself so i can concentrate on the engineering business

 I have had a couple of distractions; one being a new motorbike  and the other we purchased a high speed, mazak production run lathe with full automated bar feed and the like for the engineering business; which at the moment is going nuts; we are very busy with the so i have been running and growing the window cleaning business; and at the weekends getting the engineering shop ready with extra 3 phase power; and moving around mills and machines to accomodate the new lathe; it arrives this friday.

Cant be bothered to do updates on here anymore. There is little point as most on here are keyboard warriors; with an axe to grind.

Thought you had been quiet on here lately, was wondering how you were getting on.

[Marc Stock]

Great buy!! 👍 You'de be hard pressed to buy better for that money, pretty perfect introduction to bigger bikes too- just keep your head and ride safely!!😃

Thanks peavey. I have to say it rides lovley. It accelerates fast, like really really fast; insanely fast to about 95-100 but starts to run out of puff  over that, and its not very good on fuel either over those speeds. Its official top speed is 148mph; and no i haven't..and i won't. It seems to perform best in 3rd gear from 30-90 and will happily sit at 85 and return 49mpg.

I really would like an Mv Augusta f3 800. Thats my dream bike.

[dazmond]

Great buy!! 👍 You'de be hard pressed to buy better for that money, pretty perfect introduction to bigger bikes too- just keep your head and ride safely!!😃

Thanks peavey. I have to say it rides lovley. It accelerates fast, like really really fast; insanely fast to about 95-100 but starts to run out of puff  over that, and its not very good on fuel either over those speeds. Its official top speed is 148mph; and no i haven't..and i won't. It seems to perform best in 3rd gear from 30-90 and will happily sit at 85 and return 49mpg.

I really would like an Mv Augusta f3 800. Thats my dream bike.

you might as well start climbing ladders if your riding motorbikes  ......be careful.....3 lads i grew up with all dead now from motorbike crashes(and they were good experienced riders too).....a few others who survived but with terrible injuries......my uncle came off a few times but nothing too serious (but enough to sell his bike after the second one)