I'm Muslim I really appreciate a British Business man who has this view. We call this Ribba that's why it's best for Muslims not to take Mortgages/Credit Cards/Loans. I've been running my online store for 5 months now and have been motivated partially because of you. (I don't need to do overtime anymore, inshallah will leave my job)
I am a muslim aswell and just so you know there’s nothing wrong with loans or creditcards, 0% intrest loans exist and if you pay your credit card each month in time you don’t pay intrests. There’s only something wrong with paying intrests (ribba) mostly because a long time ago it was usury so when you took $1000 you would have to pay back $2000 that’s just crazy.
@@damienleroy1220 please stay out of making claims on issues of fiqh without knowledge. On a purely logical and ethical point of view, there is wrong with it. Just to point out one logical fallacy you made - that's akin to saying there's nothing wrong in working in a shop selling cigarettes just because you don't smoke them, but happily make an income by selling it to customers who do. Riba is mentioned in an extremely negative tone in the Quran, you would be wise to heed Allah's warning and stay as far away as possible. Don't start making any excuses for it or becoming complacent.
Jazakallah Khair brothers and sisters , I run an eBay store , it's free to start. I suggest everyone try to sell some stuff on there and inshallah make another source of income. I'm still new to everything but I pack everything myself and make sure the product is of emaculate quality.
I was taught by a pastors wife. She was from Norway. She taught me not to buy on credit. I have NO debt. My credit is good. You can get good credit by paying bills on time.
Same when you pay off student loans early, you would think ut score would go up cause u manage ur money well to pay off on time and early but they don't like that cause ur paying interest to then any more
You need to make more videos like this explaining to people how the system is rigged, and how to beat it. I need to know 😫 I’m a factory worker and it’s killing my soul lol
We need to know why all phone network companies only offer phone contracts as loans, why is that? I asked many networks if i could pay upfront for the 2 years cost of my sim contract so i have no liability, they said no. The only option is to go old school and buy credit on a sim card which is expensive. Why can the phone companies get away with this when some people are willing to pay for it outright? Is there any other affordable options people know about?
I want to change it by giving a credit rating system which is more reliable based on human relations and financial relations with money that a person has. I was thinking about it sometime ago. Please let me know if you want to hear.
Cleared a loan that had defaulted for 7 months with interest but 2 years later I'm not eligible for loans because my credit score hasn't improved which i found weird because I no longer had any loans but after talking to the bank i found out that since i no longer had any loans my credit score hadn't improved...so basically i need to take a loan (any) & then pay it back with interest to improve my credit score...
I disagree Every time I have expanded my business, the financing has been on credit card. I can get large amounts of instant cash on a significantly lower rate than banks, finance companies or peer to peer loan. Just pay your credit card off before you start paying interest
You have no debt because you are a multimillionaire. What you make on interest is more than some people will make in a life time.that credit system you’re against is the very thing a lot of us are using to keep the power on
Get a overdraft, take money out, send it to other account and then send it back on time to get you in to good credit I did this for 2 years and I’ve got good credit
I disagree, they're there to encourage you to manage your overheads. In return, they are willing to give more bass on your overhead management and income etc. In which, you will use it wisely to actually live better. You can't always wait for a paycheck when you're not rich and have no multiple streams of income. If you're rich, you have no need for credit, thats the difference
Why BT (what is it?) didn’t let you get internet (which one - mobile on a SIM or cable to your flat/house?) and why couldn’t you pay cash OR with your debit card???
Hey I really admire your purpose in life it's my dream and would love to be able to do what you do make people's dream come true I am actually doing it in very tiny scale but the joy I get is immense and I love making people happy it's the only purpose I enjoy if I leave this world I'll leave happy 😊 Thank you ❤
Exactly so what do you expect people to do without credit? They won’t allow us to have anything! This is why the world is backwards! This is why I started my own business!
Its not your credit rating. Its their rating OF you. Its like a creepy guy giving girls scores out of 10 in his notebook. And people desperate to get their score up so they can date this loser on his terms
@SimonSquibb, I am in the process of opening a wrap shop and detail center in January, and I would greatly appreciate your guidance. I have already secured the locations and established the brand, but I am seeking advice on the execution of my plans. Your expertise would be invaluable. Thank you in advance for your support. Best regards, Wade
Of course not. They're designed to help people with normal lives and don't have a lot of money. Why would I lend a millionaire money 💰 when you're already rich? The guy is a clown 🤡
It’s easy to say the system is useless when you don’t need the system. I’m sorry but this man is completely out of touch with now the average human must live their life
I'm Muslim I really appreciate a British Business man who has this view.
We call this Ribba that's why it's best for Muslims not to take Mortgages/Credit Cards/Loans.
I've been running my online store for 5 months now and have been motivated partially because of you.
(I don't need to do overtime anymore, inshallah will leave my job)
أَلّٰهُمَّ بَارِك
I am a muslim aswell and just so you know there’s nothing wrong with loans or creditcards, 0% intrest loans exist and if you pay your credit card each month in time you don’t pay intrests. There’s only something wrong with paying intrests (ribba) mostly because a long time ago it was usury so when you took $1000 you would have to pay back $2000 that’s just crazy.
@@damienleroy1220 please stay out of making claims on issues of fiqh without knowledge.
On a purely logical and ethical point of view, there is wrong with it.
Just to point out one logical fallacy you made - that's akin to saying there's nothing wrong in working in a shop selling cigarettes just because you don't smoke them, but happily make an income by selling it to customers who do.
Riba is mentioned in an extremely negative tone in the Quran, you would be wise to heed Allah's warning and stay as far away as possible. Don't start making any excuses for it or becoming complacent.
Best of luck to you brother 🙏
Jazakallah Khair brothers and sisters , I run an eBay store , it's free to start.
I suggest everyone try to sell some stuff on there and inshallah make another source of income.
I'm still new to everything but I pack everything myself and make sure the product is of emaculate quality.
I was taught by a pastors wife. She was from Norway. She taught me not to buy on credit. I have NO debt. My credit is good. You can get good credit by paying bills on time.
Do you have a mortgage?
I'm going to blow your mind. Your utility bills will be a part of your credit file. If you have a mortgage, that's also on your credit file.
If you have bills then you essentially have credit mate so you have bought on credit and ignored the pastors wife haha
Love this man....only hope he keeps on helping young people....wish i had someone like him in my life then.
I have just paid off a 4year car loan never missed a payment and my credit score went down ..I hate the system that we all have to play in
We dont have to play in it. I do not.
Same when you pay off student loans early, you would think ut score would go up cause u manage ur money well to pay off on time and early but they don't like that cause ur paying interest to then any more
You need to make more videos like this explaining to people how the system is rigged, and how to beat it.
I need to know 😫 I’m a factory worker and it’s killing my soul lol
Me too 😢
We need to know why all phone network companies only offer phone contracts as loans, why is that?
I asked many networks if i could pay upfront for the 2 years cost of my sim contract so i have no liability, they said no. The only option is to go old school and buy credit on a sim card which is expensive.
Why can the phone companies get away with this when some people are willing to pay for it outright? Is there any other affordable options people know about?
The phone network companies seem to rely on our debt, like a bank.
Be the one who created the unique phone company that solves your problem..
You can pay it in advance, whats the problem?
Yes it is, but we are all subject to it otherwise we can't do anything unless fed bank is abolished
I want to change it by giving a credit rating system which is more reliable based on human relations and financial relations with money that a person has. I was thinking about it sometime ago. Please let me know if you want to hear.
Cleared a loan that had defaulted for 7 months with interest but 2 years later I'm not eligible for loans because my credit score hasn't improved which i found weird because I no longer had any loans but after talking to the bank i found out that since i no longer had any loans my credit score hadn't improved...so basically i need to take a loan (any) & then pay it back with interest to improve my credit score...
I disagree
Every time I have expanded my business, the financing has been on credit card. I can get large amounts of instant cash on a significantly lower rate than banks, finance companies or peer to peer loan.
Just pay your credit card off before you start paying interest
This is insane! I thought they "only "impacted buying a house, not something as trivial as buying an internet connection.
You have no debt because you are a multimillionaire. What you make on interest is more than some people will make in a life time.that credit system you’re against is the very thing a lot of us are using to keep the power on
Great work Simon. Any chance you could help me set up my construction business, I have awful credit and can't get started? 🙏🏻💪🏻👊🏻
My credit score is good, and get sent credit card applications, and when I fill them out, I don't qualify. So I've never had a credit card
Get a overdraft, take money out, send it to other account and then send it back on time to get you in to good credit I did this for 2 years and I’ve got good credit
I disagree, they're there to encourage you to manage your overheads. In return, they are willing to give more bass on your overhead management and income etc. In which, you will use it wisely to actually live better. You can't always wait for a paycheck when you're not rich and have no multiple streams of income. If you're rich, you have no need for credit, thats the difference
Would you take on debt to start a new business?
Why BT (what is it?) didn’t let you get internet (which one - mobile on a SIM or cable to your flat/house?) and why couldn’t you pay cash OR with your debit card???
Hey I really admire your purpose in life it's my dream and would love to be able to do what you do make people's dream come true
I am actually doing it in very tiny scale but the joy I get is immense and I love making people happy it's the only purpose I enjoy if I leave this world I'll leave happy 😊
Thank you ❤
I'm trapped in this debt cycle. Listen to Mr Squibb. I think it may be too late for me, but listen to thia chap.
999 credit score with zero debt here sooooo..
Exactly so what do you expect people to do without credit? They won’t allow us to have anything! This is why the world is backwards! This is why I started my own business!
Fantastic advice!
This is why I don't have a credit card
Its not your credit rating. Its their rating OF you. Its like a creepy guy giving girls scores out of 10 in his notebook. And people desperate to get their score up so they can date this loser on his terms
Please Simon help me with my shoe brand
Listen to the truth this guy honestly top fella
@SimonSquibb,
I am in the process of opening a wrap shop and detail center in January, and I would greatly appreciate your guidance. I have already secured the locations and established the brand, but I am seeking advice on the execution of my plans. Your expertise would be invaluable. Thank you in advance for your support.
Best regards,
Wade
You don’t want BT anyway 😂 let’s start up our own telecommunications business fibre to the property then you can have it for free 😍
I want to set up a digital marketing agency. Can you help please? Thanks
Wow that’s a lot of information
They even give you more protection on your purchases IF you pay using a credit card.
Hence, encouraging you to get into debt
A lottery winner of a million couldn't get a mortgage because no credit score.
Of course not. They're designed to help people with normal lives and don't have a lot of money. Why would I lend a millionaire money 💰 when you're already rich? The guy is a clown 🤡
Simon.. your a cool dude, be careful mate coz you might become the next Russell brand... would hate to see it... this is the world now unfortunately
Russel seems to have shaken that bs off like the beautiful slippery fellow that he is! 😅
You do not need a credit card to build a credit rating. You can build credit from a debit card.
Yep. And paying bills on time.
Guess he was not paying bills in the UK? 😅
😂😂😂😂😂😂, I can't believe this!! Maaaad! I think I need my internet! Staying broke😅😅😅..
Jk.. money here we come!
It’s easy to say the system is useless when you don’t need the system. I’m sorry but this man is completely out of touch with now the average human must live their life
Finaly someone said it
Thank you for the truth.
Simon for prime minister ?????
True
🔥
🔥🔥
You can get internet without a credit check -amazed you didn't research the market!👍
👀
leech
I like your videos from Pakistan .
I want to meet you can i have chance❤