Quote:
|
Originally Posted by kronas
having watched a program about credit card debts how can people rack up debts of £20,000 + they make it even worse consolidating the multiple debts in to one through the loan adverts you see on TV and then when they get sucked in to them they end up paying around 15% interest on the one huge loan its totally ridiculous how easy it is to get credit even if you declared bankrupt
i assume in the near future i shall be obtaining one i would put safeguards in place such as an extremly low credit limit a controlled astute spending regime spending only what i can on essential items people want too much luxury these days and simply cannot afford to so get in to debt
frankly they deserve to be debt ridden and have there houses taken away if they cannot control themselves
|
Um...typical of a 17 year old.
I got into debt when I lost my job having two (then babies) daughters. Try maintaining a house with two children who want all the luxuries in life (like shoes, clothes an occasional meal !!) with no income (benefits go nowhere near !). I am, after 6 years, still feeling the ill effects even though I have cleared all but 10% of my debts.
Yes I have loans and credit even now, oh yes and a mortgage, council tax, service charges etc, etc,. Easy, peasey to run a household and account for all the household bills, food etc, but what when the washing machine goes tits up and the freezer, oh crap the heating boiler is broken !! Where do I buy a new exhaust and tyre for the car (I cycle to work, but her indoors has a 5 mile round trip drive taking the kids to school) plus it needs an MoT and Road Licence !!! All these have happened this year !! Help !! Christmas is coming !!
Before this year my family had not had a holiday for 5 years !! The whole house needs decorating (last done 8 years ago), outside really needs re-rendering (like that is gonna happen !) but will have to make do with a coat of masonry paint. I replaced a few bits of rotten eaves fascia last year but the whole lot really needs replacing and the gutters are leaking (they're asbestos btw !). I could go on....and on. But you get the point (I hope) !!
I noticed somewhere the average amount spent on childrens Xmas presents this year is reckoned to be £600 !! We will spend less than £100 on each ! I feel like sh*t for that (now where's that card again !!)
It all seems so easy as a bright eyed, no responsibilities, no commitments teenager, but come back in 10 years and tell me how easy it is to fund a growing household on one salary !!
Rant over.