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Old 18th Apr 2005, 23:18
  #21 (permalink)  
Dr Pepper670
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DomBBC

Ideally, the parents wouldn't know the level of debt the son or daughter was in.
Bank of Mum & Dad uses a novel way of dealing with the debt problems of twenty and thirty somethings whose wayward spending is out of control.
Listen DomBBC, stay away from Pilots following their early career paths. No one here is a credit card junkie who's spending is out of control.

No pilot goes into training hiding from parents or banks. Your website ONLY implies this.

Pilot training is a thought out descision that involves all family members and no one goes into it with a hidden spending agenda.

This is not the place for a Beeb hungry exec looking for promotion using pilots in training as a career path. You come across like Ryanair.

Unless your Financial Advisor can secure a structured career path with a well paid Airline, stay away and target proper "wayward" spenders or else change your ENTIRE tone.
 
Old 19th Apr 2005, 08:03
  #22 (permalink)  
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I dunno Pepper,

Putting to one side the non-issue of ineptitude that caused the debt (not the case for people here), I think a programme such as this is an opportunity to educate on the borrowing options. I'm sure many pilots have made use of 0% credit cards and have been severely bitten when thay overran the 'free' period (on some cards). After all the process of managing debt is the process of understanding how to understand what is on offer...it is also sometime necessary to put pride to one side

Last edited by High Wing Drifter; 19th Apr 2005 at 08:35.
 
Old 19th Apr 2005, 08:34
  #23 (permalink)  

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What an absolutely fantastic offer! Heaven knows how much debt wannabees get into in persuit of their dream career!
Pilot training is a thought out descision that involves all family members and no one goes into it with a hidden spending agenda.
Errrrrr don't agree! stand up all those who started off that way and then went that "bridge too far" often in complete secrecy!

I wonder how many of those who respond will be the unfortunates who after spending vast fortunes building equally vast debts didn't secure a RHS and now find due to debt that their IR and currency is slipping into the horizon together with their hopes and aspirations?
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Old 19th Apr 2005, 11:43
  #24 (permalink)  
 
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There are a couple of aspects to this that I find unusual -

Dom has stated that he is looking for people in their twenties and thirties that have accrued significant debt that the individuals parents know nothing about and then to bring in the individuals parents, along with a financial advisor to help them to resolve this debt issue.

As someone in Dom’s target age range I find the implication that my parents should have any knowledge of my financial situation absurd. Am I the only one to hold this view? I have been managing my own money for many years and the idea that my parents should have some awareness of how I manage my finances now that I am in my late twenties is ridiculous.

What is even more absurd however is the idea that I should take financial advice from them. Surely most people in their twenties and thirties are finding that the opposite situation is more prevalent and that they need to offer financial advice to their parents.

I am also somewhat surprised that someone with the sort of debts that I assume that Dom is looking for (circa £50,000) will not already have a financial advisor?

Are there really people out there of similar age to myself - with enough about them to independently arrange finance and complete a CPL/IR who need to receive advice from their mum and dad?
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Old 19th Apr 2005, 16:37
  #25 (permalink)  

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I would be extremely wary of having anything to do with this.

It is reality TV, and one of the conventions of reality TV is to make it's participants seem like utter freaks, not that it is too difficult most of the time....

I strongly suspect that were you to become the subject of this particular Docusoap, you would find that it would be edited and scripted (if that is the right word) to make you look like a feckless Walter Mitty, running back to Mummy and Daddy to bail you out.

There are plenty of places to get good financial advice for dealing with debt, without being used to further the career of some Beeb bottom feeding luvvy.

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Old 19th Apr 2005, 17:15
  #26 (permalink)  
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What is even more absurd however is the idea that I should take financial advice from them. Surely most people in their twenties and thirties are finding that the opposite situation is more prevalent and that they need to offer financial advice to their parents.
Comparing my lifestyle and available ready cash to my parents at that stage in life, no way would I have ventured to offer financial advice to my parents in any way shape or form - they were far better at it than I was.

Genghis Sr. is now working 2 days a week as an Engineering consultant, living well, driving a Merc, and (apart from a bit of work for charity) spending much of the rest of his time on a golf course - he and Mrs.G.Sr. have no debts and seem to go ona foreign holiday every other month. Whatever my personal views may be of X-country hockey, they need no financial advice from me and never have. (As to whether I've ever needed advice from them, possibly - but I never asked and they rarely volunteered.)


Having bounced off a few TV shows I find the sanctimonious "we don't pay because..." nothing but irritating and self serving. A good friend of mine has appeared on two editions of Scrapheap Challenge, on one occasion leading the team that thrashed France and the USA soundly, and never got anything but expenses for it - whilst simultaneously the far more replaceable cameramen are on around £200/day. (I spent 2 weeks as technical advisor on one of those episodes and only by sheer bloodymindedness saw a miserly £400 - that's in total!.)

On another occasion I was part of a major amateur rocketry event in Scotland that some TV station or another decided to make a "reality TV" show about. The organisers never saw a penny, these fellows completely disrupted what we were trying to do, bossed people around posing and positioning them, whilst having us constantly running after them before they got killed (putting a camera team in the middle of an area designated for dropping rockets that didn't carry parachutes was a particular favourite), and were a plain nuisance.

Hold out for some money folks ! The subject may well make good useful TV, but without you they have no programme - and trust me, being on TV ain't that special (mind you my first appearance on TV was being interviewed about a crash, so it can get better after that).

G

Last edited by Genghis the Engineer; 19th Apr 2005 at 17:31.
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Old 19th Apr 2005, 17:19
  #27 (permalink)  

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will not already have a financial advisor?
...yes, your local, friendly Chartered Accountant should do it!!

As the wife of BBC employee and programme maker, I cannot take part in the programme - shoud I wish to!!!








which I don't



Cheers

Whirlygig



Actually, Rote8, anyone who hs a good relationship with their parents will share the information regardig their debt with them; not to get extra support but simply to impart imformation - I'm surprised you find that unusual or abnormal!!
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Old 19th Apr 2005, 17:46
  #28 (permalink)  
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The Spendaholics BBC show doing the rounds ATM is pretty good if you ask me. I don't see any freaks and loosers on it. Just people who hadn't realised that there was another option or three.
 
Old 19th Apr 2005, 17:59
  #29 (permalink)  
 
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The can give graham norton millions a year for doing nothing!!!
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Old 20th Apr 2005, 12:40
  #30 (permalink)  
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The genre of reality tv has many pros and cons. Most of the criticism leveled at this type of tv has come around from programmes like wifeswap. The point of the programme is to educate the person involved and the general public. This is the central ethos of the programme.

But we also want to entertain, otherwise who would watch an hour of finance help?

The show will not make you out to be an idiot. If you are an idiot, please don't apply, you won't get on the show. We need people who need help and we can provide the help in the form of financial advice and a week filled with interventions designed to make you understand money. It will be an experience like no other and at the end of it you'll be on the road to recovery. I understand that the majority of pilots take the debt on board and see it as a separate issue. They're responsible with their money and don't need this show.

But, 3500 have read this post and if it's possible that one of them needs help then it has to be worth it. THey might be drowning in debt, worried, not telling their partner, need someone to show them the way out of the enormous hole they're in. Yes, it's a tv show. Yes, we get something out of it but if this is you and the debt is piling up, what are your options? Remortgage? Put the debt onto your house and threaten yours and your family's future?
Credit cards? Consolidation loans? Borrow from parents or friends? None of these will actually get you out of the hole you are in.

For the people reading the post that need help. Please apply.
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