PPRuNe Forums - View Single Post - Easiest £35,000 I ever borrowed
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Old 18th October 2004 | 17:12
  #21 (permalink)  
Iceman1976
 
Joined: Oct 2004
Posts: 11
Likes: 0
From: Cheshire
CAptain Ratpup, you posts make interesting reading, but in your other post you had a nice bank job and now you have jacked it in! you didnt say it was poor pay in your other post! you said it was ok!.

3 main points come to mind, which I dont know if you discussed with the bank but It would be good to hear your answers:

1. What are the repayments on 35k and over what period?

2. How are you going to pay it back in 2006 if you havent got a pilots job?. are you gonna go back to work for the bank for "poor pay"? Judging by your earlier post, telling us how much you had to fork out per month and what you earned, the bank could be deemed to be irresponsible, lending you that kinda money. Whos gonna cover your bills whilst you are at a flying school?

3. What are your chances of getting a pilots job, and how are you going to find one?

Did the bank ask you these questions? you didnt mention it before.


ps...WWW made some fantastic points there, and i would agree that is it worth taking out a loan over ten years, and have that kinda ball and chain around your neck! considering what u will earn. but having said that, everyone is not in a position to save, due to monthly outgoings etc.

Last edited by Iceman1976; 18th October 2004 at 17:25.
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