banks income?

Markdub2000

Question,

I took out various loans between 2003 and 2006 - the so called "boom" years!!

Even with restructuring one of the loans, the last payment is due mid/late end of the year.

Given that I have taken no new loans out and I don't envisage taking any more out even if they throw them at me!

What are the banks going to do now for income?

If the banks weren't lending for the last 5 years, most of these mid sized loans that started just before the boom will now be expiring naturally, therefore the interest they get will effectively be decreasing rapidly.

What now will they do for income - given that i now intend to stick any savings into the mattress then see these thieves get their maws on it?

Lastly off topic...

What happens if i don't register by March 31st for the household charge?

What happens if a person buys a house after the registration date?

What would happen if you just went in in July and said I bought a house today, I want to register and pay - if they don't have u on their database there's very little they can do to check - would I be right?

I wasn't intending to register or pay, until I find out what the property tax was going to be - if it is inexcess of 1000 a year I'll consider dumping the property and head off for warmer climates!!! - its the banks problem then...

Lastly, if u claim squatters rights lol - do u still have to pay? - so many questions not answered by this leaflet!!

Also - If I had burnt the house down and buldozed before january 31st, so no household existed and didn't rebuild until 2015, would I still be liable -> maybe worth doing if going away for a while...

AlmightyCushion

Just because you won't be borrowing doesn't mean others won't. Plenty of people will still need or want credit, not as many as the boom times mind.

Nody

Banks want to reduce their loan books due to new legislation on core capital ratios anyway; for the rest they'll do what they always done. More/higher fees and bigger margins on the loans they do offer to companies etc.

Farmer Pudsey

Markdub2000 wrote: »

Question,

I took out various loans between 2003 and 2006 - the so called "boom" years!!

Even with restructuring one of the loans, the last payment is due mid/late end of the year.

Given that I have taken no new loans out and I don't envisage taking any more out even if they throw them at me!

What are the banks going to do now for income?

If the banks weren't lending for the last 5 years, most of these mid sized loans that started just before the boom will now be expiring naturally, therefore the interest they get will effectively be decreasing rapidly.

What now will they do for income - given that i now intend to stick any savings into the mattress then see these thieves get their maws on it?

Lastly off topic...

What happens if i don't register by March 31st for the household charge?

What happens if a person buys a house after the registration date?

What would happen if you just went in in July and said I bought a house today, I want to register and pay - if they don't have u on their database there's very little they can do to check - would I be right?

I wasn't intending to register or pay, until I find out what the property tax was going to be - if it is inexcess of 1000 a year I'll consider dumping the property and head off for warmer climates!!! - its the banks problem then...

Lastly, if u claim squatters rights lol - do u still have to pay? - so many questions not answered by this leaflet!!

Also - If I had burnt the house down and buldozed before january 31st, so no household existed and didn't rebuild until 2015, would I still be liable -> maybe worth doing if going away for a while...

This is why we are in recession and why austerity will not work the banks are sucking the life out of the economy as people who repay debt will start to save and it is very hard to blame them

I see where the government are begining to pee in their pants over the household charge they expect it to rise only 20 0f the 160 million before the 31th march

The reality is that the government has not learned that along with the banks they have sucked the life out of the economy High rate of tax effectively 53% household charge 100 going up to ????? health insurance rising by 4-600 a year for families every, year water charges 250++ in a couple of years time, Fuel risen by 20% this year, ESB/Bord Gais 20% Waste removal 200-400 euro

the reality is you can have high personel tax or high indirect taxes not both which is happening in this country I believe at this stage if you are a low paid worker it is time to jack the job and ride the system