The effects of personal debt

[TW]Fox;21886622 said:
Some properly dodgy sampling going on there.
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This. I'm wondering which they did, approach poor looking people in the street, or phone every house on a council estate at 11am on a week day.
 
arknor said:
if losing your job is going to make you unable to pay your mortage then maybe you should think about just how stable your job is and will be until that mortage is paid off.

if your mortage and beeing responsible for your houses repairs and maintainence is roughly what your rent is anyway then by all means go for it but dont come crying for sympathy if it ends badly.

you calculated the risks and took the the chance.

the problem is a lot of people want the big houses they cant really afford
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Are you for real?? lol.
 
arknor said:
if losing your job is going to make you unable to pay your mortage then maybe you should think about just how stable your job is and will be until that mortage is paid off.

if your mortage and beeing responsible for your houses repairs and maintainence is roughly what your rent is anyway then by all means go for it but dont come crying for sympathy if it ends badly.

you calculated the risks and took the the chance.

the problem is a lot of people want the big houses they cant really afford
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If you had enough money such that losing your job meant you could still pay off your mortgage... you wouldn't have a mortgage.
 
arknor said:
if losing your job is going to make you unable to pay your mortage then maybe you should think about just how stable your job is and will be until that mortage is paid off.

if your mortage and beeing responsible for your houses repairs and maintainence is roughly what your rent is anyway then by all means go for it but dont come crying for sympathy if it ends badly.

you calculated the risks and took the the chance.

the problem is a lot of people want the big houses they cant really afford
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my job doesnt cover the bills for my rent, so i live in debt. so what is your answer to this?!? there arent better paid jobs around here, and there arent cheaper places to rent. electric/gas, council tax, water etc are not optional, so do i just say i cant afford them so im not paying?
seriously, what world do you live in?!?
 
arknor said:
rich people still have credit cards ;) and mortgages ;)
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Keep winking more, perhaps it'll divert attention from some of the ridiculous things you've posted in this thread.

Hint: Credit cards have purposes beyond simply buying things you do not have cash for.
 
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It kinda needs to be more explicit about it's sample, doesn't it? As far as I can tell what it really says is debt is really bad for people with really bad debt problems. Well, like, no doodies, Sherlock.

Still, debt is a real problem, and there is a lack of help, advice and sensible solutions for people out there. I'd really like to see it become more of a political issue.
 
i say the governments write off all the worlds debts and let everyone start again. simples :p





*this is only my opinion and i know its not financially feasable, but it would solve a lot of peoples problems
 
I am in a monumental amount of debt due to divorce and a failed business. I am and intend to pay it back in full, even though it will probably take me till I retire.

The best thing is I can never get credit again. Therefore the temptation/ability to obtain credit will never be there.

I must say I now prefer my life knowing that unless I have the money in the bank, I can't have it.
 
holymonk said:
Its the story of working class people trying to live a middleclass lifestyle!
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No its a sign of an economy in utter ruins, yes there are stupid people who buy from the likes of Brighthouse things that they just can't afford but debt can hit anyone.

As for the dumb responses by arknor just really, lost for words.
 
Scougar said:
That's a very narrow view. What about people that lose their jobs in a bad economy? I'm sure there are plenty of other examples.
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There was a time when credit just wasn't available. It's true to say that the vast majority of debt in this country, and almost all serious debt is the fault of people wanting a standard of living far beyond what is reasonable for their earning potential.

Credit should should be much more tightly regulated. For instance credit card limits should be extremely small until you've demonstrated a long history of responsible borrowing.
 
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