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Nemesis · 05-12-2003, 11:13

A post from the young and Debt Free ...

Oh how I remember those innocent days.

We got into debt as it was an easy way to get what we needed at the time. Over 10 years ago we made the decision to climb our way out of it all. We consolidated and paid it back, but in the mean time needed cars etc to live.

We are still in debt, I don't know anyone that isn't. It can be a downward spiral and can seriuosly affect peoples health. This is a very sensitive subject, as some take very drastic action to get out of it.

Debt can lead to depression, depression can affect you in many different ways.

I blame the banks more than anything .... the original loan or CC you got, soon ends up being more as the temptaion is offered with alarming regularity.

... and YES the CC limit will be upped with out consultation.

My advice is not to get a CC, and seriously shop around when it comes to finance. Remeber a job is a fickle thing, great while you have it and can make repayments, but when gone, leaves you no comfort at all.

Now, we're in a better situation, still not rid of it, but more manageable but could have done without 10 years of worrying.

Kronas, you're young and seem to view the world as a place full of nice people who will look after your interests, and that you can ultimately make all the right decisions. Be careful, this is NOT the case, situations and events have a way of creeping up on you and overtaking you.

This is in no way disrespecting you, it's just the rest of us have the benefit of hindsight, and some worldly experience.

05-12-2003, 11:13	#9
Nemesis Inactive Join Date: Jun 2003 Location: Surrey Age: 58 Services: Virgin stuff Posts: 6,407	Re: credit cards A post from the young and Debt Free ... Oh how I remember those innocent days. We got into debt as it was an easy way to get what we needed at the time. Over 10 years ago we made the decision to climb our way out of it all. We consolidated and paid it back, but in the mean time needed cars etc to live. We are still in debt, I don't know anyone that isn't. It can be a downward spiral and can seriuosly affect peoples health. This is a very sensitive subject, as some take very drastic action to get out of it. Debt can lead to depression, depression can affect you in many different ways. I blame the banks more than anything .... the original loan or CC you got, soon ends up being more as the temptaion is offered with alarming regularity. ... and YES the CC limit will be upped with out consultation. My advice is not to get a CC, and seriously shop around when it comes to finance. Remeber a job is a fickle thing, great while you have it and can make repayments, but when gone, leaves you no comfort at all. Now, we're in a better situation, still not rid of it, but more manageable but could have done without 10 years of worrying. Kronas, you're young and seem to view the world as a place full of nice people who will look after your interests, and that you can ultimately make all the right decisions. Be careful, this is NOT the case, situations and events have a way of creeping up on you and overtaking you. This is in no way disrespecting you, it's just the rest of us have the benefit of hindsight, and some worldly experience.