Well its that time of year again,

[johnduffell]

Try to get a mortgage with a debt hanging around your neck.

Exactly that's my point, is hardly a debt, it doesn't appear on your credit file or anything, it's almost just an extra tax and they should just rename it and rid the confusion and connotations of debt.

 

[Octopus]

Yeah that's what i meant about your needn't clear it all, it just depends on your earning.
They should just bite the bullet and call it a graduate tax, then it would take away that debt sigma and people who got the most out of the education would put more beck in the long run. They'd be better to put more people into training for manual work and move up the ladder that way rather then teaching all those other things.

No government, of any color wants to be perceived to be raising taxes ...

That's why we still have tax and NI .... These should have been merged decades ago .....

 

[Squid]

Exactly that's my point, is hardly a debt, it doesn't appear on your credit file or anything, it's almost just an extra tax and they should just rename it and rid the confusion and connotations of debt.

When you apply for a mortgage you need to list your outgoings and costs........

 

[Squid]

No government, of any color wants to be perceived to be raising taxes ...

That's why we still have tax and NI .... These should have been merged decades ago .....

Thats why VAT is at 20%, we also have VAT on utilities and insurance policies that we never had 30 years ago, whats it known as, secondary taxation oh and the biggest rip of is Stamp Duty, why the hell do you have to pay a tax to buy a house?

 

[Octopus]

^^ i would rather pay tax when buying a house, than capital gains when selling

 

[Octopus]

^^ VAT on domestic energy is courtesy of the EU ....

 

[Octopus]

Delete

 

[johnduffell]

When you apply for a mortgage you need to list your outgoings and costs........

Yes student loan comes out your pay slip beside the line for tax and ni. I think we are violently in agreement!

 

[Nigel]

Student loans are not debts.

 

[Squid]

Student loans are not debts.

Okay, its a graduate contribution scheme, a little bit like Hire Purchase on your education.

Maybe I am old fashioned but if you owe someone or institution money then that could be classed as a loan, therefore you are in debt to that person/company. I was in debt to the mortgage company and fully didn't own my house but I paid it off so no debt and a little more freedom.