[Llaaww]

I have never been skint since starting work as a window cleaner. I have never borrowed money other than a mortgage for the house.

Lately I have been looking at borrowing some money to buy a new van, and to cover the cost of putting a lad in the old van.

I am just curious to see if many of you guys are happy to borrow, or like me don't like the idea of being a slave to the bank.

[david watts]

borrowed for a van and pole system;
made me bad;with stress will not go there again
getting a new van soon but will have most of money saved

[Steve_c]

What the f*** has that got to do with window cleaning?

[H S and Son]

Nothing Stephen nothing 

[Pope vader]

i own nothing,  but i got a mate than owes 12k to the banks, plus more to business partner

[Tom White]

i own nothing, 

That's good, mate.  Very spiritual of you.  You're free and go out with as much as you came in with; nowt.

Do you have to beg for food though?

[p1w1]

I owe my mate a couple of beers 

[Leeroy]

I work for free and feel so much happier

[Paul Coleman]

I owe loads due to mistakes I made in my personal life some years back.  This was followed by a major illness when I was already in debt.  It's not pretty but I get by.  The debt does reduce year on year so I suppose I am on top of it - just.

[Pope vader]

u know me tosh  the deep religious belief that all possesions are evil,  i even run my business as a charity and do work for free for people and companys that cant afford a window cleaner,  as this gives me that warm feeling inside,  plus one little benefit, as a charity i dont pay tax or business rates,    but its the warm glow i like more

[dazmond]

unless you cover a lot of miles during your working day you dont need a new van.if your struggling to earn the money to get a few grand together for a cheap second hander then dont go borrowing any money unless you already have some good regular paying work lined up that the new van will pay for itself.

sounds like you need the citizens advice bureau not a window cleaning site!

my finances are much better than they were a few years ago.i have a fair bit more money coming in than going out every month.it wasnt always like this though.i was skint for years until i started sorting my life out properly.it was a a learning curve thats for sure.it took me years to pay my debts off with lots of stress.it made me quite ill at times.thankfully them days are over.i personally wouldnt borrow but thats because i wouldnt get credit anyway!

this post was probably of no help to ya but just be careful and read the small print if you do borrow!!


regards


dazmond

[Helen]

I have never been skint since starting work as a window cleaner. I have never borrowed money other than a mortgage for the house.

Lately I have been looking at borrowing some money to buy a new van, and to cover the cost of putting a lad in the old van.

I am just curious to see if many of you guys are happy to borrow, or like me don't like the idea of being a slave to the bank.

Why put a poll on this? It's no-ones business what anybody owes.
Motto in this business here.......do not borrow what you cannot afford to repay in full tomorrow

[Llaaww]

I have never been skint since starting work as a window cleaner. I have never borrowed money other than a mortgage for the house.

Lately I have been looking at borrowing some money to buy a new van, and to cover the cost of putting a lad in the old van.

I am just curious to see if many of you guys are happy to borrow, or like me don't like the idea of being a slave to the bank.

Why put a poll on this? It's no-ones business what anybody owes.
Motto in this business here.......do not borrow what you cannot afford to repay in full tomorrow

if you don't like it don't post. 

I am simply interested in the pro's and cons of borrowing to invest. I have never done it before, so I am having a good hard think about it before I do.

I am at a point where I have too much work for myself and one part time lad, so a bridging loan to cover the cost of a second van plus costs is looking like the way forward.

[Pope vader]

borrowing the money to get a other van and that, will take a way a lot of the worry about willl i make enough this week to pay the wages, bills, etc,  it will give you breathing space to get more work,  if you can get a loan go for it

[prestige cleaners]

I borrowed 15k over 5 yrs when I started out, but that immediately brought in 2.5k a month, so yeah I have no problem with borrowing.

[Paul Coleman]

I borrowed 15k over 5 yrs when I started out, but that immediately brought in 2.5k a month, so yeah I have no problem with borrowing.

That's pretty much how I view it.  £x per year to repay the loan versus £x per year extra profit.  Plus you will probably have use of some of the kit when it's been paid for.

 Yes I'm at the keyboard in work hours.  Working very local today and needed a bog and coffee break  

[david watts]

What the f*** has that got to do with window cleaning?

i took the lead to mean borrowing for vans poles  ladders stuff for work?
sorry if i was wrong.
but i dont borrow money now as stressfull having to find money
is that ok with you

[mikecam]

What the f*** has that got to do with window cleaning?

i took the lead to mean borrowing for vans poles  ladders stuff for work?
sorry if i was wrong.
but i dont borrow money now as stressfull having to find money
is that ok with you

I didn't think he meant your post !! I thought he meant what has what you owe got to do with window cleaning? I could be wrong though, its been known !! 

[david watts]

What the f*** has that got to do with window cleaning?

i took the lead to mean borrowing for vans poles  ladders stuff for work?
sorry if i was wrong.
but i dont borrow money now as stressfull having to find money
is that ok with you

I didn't think he meant your post !! I thought he meant what has what you owe got to do with window cleaning? I could be wrong though, its been known !! 

i could be wrong too

[AuRavelling79]

I was "brung up" in a "don't owe" (other than a mortgage) household and I tend to have that as a general view.

However I have modified that and can see the sense of judicious borrowing for business purposes such as when I got my van.

Sailed close to the wind in a previous business life in the 80's and 90's when I put part of the equity in my house up as security for a business and went about 3K onto overdraft in the 90's when I first went self-employed.

Bit like Helen now - will borrow if I can pay it back.