The effects of personal debt

arknor said:
It is known and I have always been open with the forum that I am autistic, I'm sure most of the regular posters are fully aware.

I am blunt , one sided and lack all empathy. In person I hide it very well and you wouldn't likely catch on
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i did not know that but i have friends and a nephew who have autism or forms of it. Sadly unless people are fully aware (i was not) then you are gonna be yourself and say what you see and solely from your point of view. As you know that is the nature and beauty of Autism, which i have spent some time looking into over the years. not really sure what to suggest, but i would stick something in ya sig or stay out of threads like these, as those sort of views and comments are just going to wind people right up :)
 
I got in debt due to being off work for three months and then i moved from a shared house to a one bed and had to pay deposit and buy basic furniture and kitchen stuff.

But since then I have probably paid off as much as the intial debt back to the bank. But it stays at the same level because i spend more than i earn. If i cut all booze and personal spending and moved back in to a shared house and ate beans on toast and cheap meals every day for year i could pay it off.

I could have spent all my bonus £800 on debt but instead i bought a new matress, a new suit, a new desk etc
 
Chrisyo said:
I have no urge to buy things I can't afford, I have no reason to get sued nor will I. As people have stated if I don't have the cash for something I will not buy it. Never had a Credit Card, never will same with loans etc.
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so if you were to have an accident of some kind that meant you could not work, causing you to lose your job. and then due to there being a huge lack of jobs at the moment it took you 12-18months to find a new one, you are in a financial state you could feed and cloth yourself and pay all your other bills with no disposable income?
 
craarc said:
tbh stats can say what you want

85% of cat owners said their cat prefered whiskers........ erm yes of course they did if you only asked whiskers buyers....

also

if you have a mortgauge your in debt

if you are self employed you have debt as u owe the tax office untill you pay at end of the year you dont pay in advance now do you ?

if you have a credit card your in debt

if u live in the uk your in debt.. ypu owe poll tax for the year ahead

if u have a tv your in debt you have to pay your tv licence in advance

if your a student and you have a grant your in debt

if you drive your in debt etc etc etc etc

that doesnt mean to say your in negative equity but your still in debt to someone or something...
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What a load of rubbish. No mortgage here, not self-employed, my credit card had positive money on it so no debt there. No TV licence and even if I did that’s credit the opposite of debt. As for Poll taxed that was abolished well over 20 years ago how can anyone be in debt to polltax? Also I am not a student and I fail to see how driving is debt.

You do not have to be in debt to someone to something. Going by your post I do not think you know what the word debt means.
 
you know what i mean tho we are all in debt to something or someone somewhere

polltax or whatever its called now council tax nearly called it rates and window tax then
 
craarc said:
you know what i mean tho we are all in debt to something or someone somewhere

polltax or whatever its called now council tax nearly called it rates and window tax then
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No I am not in debt I am 100% debt free. Debt means you owe money which I do not. My council tax is all paid up I and not behind or owning anything on it. If I was behind or owed council tax then I would be in debt.

Debt its borrowed money that you owe someone or something. Missing a bill is borrowed money you owe. Paying the bill on time is not borrowed money so it’s not debt.

Anyway I overpay all my bills so am in credit the opposite of debt. I do not own the companys money they owe me. So just how do you figure I am in debt?
 
Out of curiosity,

How is the graph misleading or inaccurate?.

It's displaying the effects of debt, why would you ask people who are not in debt the effects of debt? - money trouble is already known to be one of the leading causes of stress, it's hardly surprising that owing large quantities of it are damaging to a person's wellbeing.

I don't see it implying that those are percentages of the total population.
 
Jokester said:
If you had enough money such that losing your job meant you could still pay off your mortgage... you wouldn't have a mortgage.
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Incorrect. I have a mortgage, I have circa 24 months worth of payments in my ISA for exactly this reason.

My mortgage is new, we have only made on payment thus far.
 
Captain Planet said:
I love finding a thread that has an Arknor reply, it compels me to read on through the rest of the thread just for the sheer lols.

As soon as I saw the OP the same thought came to my mind as summed up in Fox's 1st post. Dubious stats gathered from a selected demographic, i.e. useless.
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No, not really, you are lookign for something that the infogrpahic never set out to talk about. The info graphic isnt representative of the UK, it is not trying to be, the only plebs saying that are people in this thread. The infographic is highlighting what debt does to people.
 
I gave up caring about debt and money ages ago, the country has gone to **** and it will just get worse, the country is billions in debt yet we hand out millions to other countries.

The reason people are in debt is due to greed on their part and the companies that sell to them.

Damn i hope the Mayans are right on 21st december, then debt will be over for everyone :P
 
Malk101 said:
I gave up caring about debt and money ages ago, the country has gone to **** and it will just get worse, the country is billions in debt yet we hand out millions to other countries.

The reason people are in debt is due to greed on their part and the companies that sell to them.

Damn i hope the Mayans are right on 21st december, then debt will be over for everyone :P
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The Mayans calander ended/changed over around 8 months ago. To late for that.
 
elmarko1234 said:
It's displaying the effects of debt, why would you ask people who are not in debt the effects of debt? - money trouble is already known to be one of the leading causes of stress, it's hardly surprising that owing large quantities of it are damaging to a person's wellbeing.
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It's not asking people who are in debt, its asking people who are so seriously in debt that they turn to a charity for help.
 
Money is not always (perhaps often) the cause of the problem. Unserviceable debt can be a symptom of the problem. I've dealt with a large number of people in a lot of debt - thankfully I don't do it these days - and there were very few indeed that didn't get themselves into the position by wilful self deception. Not just ignoring the problem, but mentally exorcising thoughts of it. The type of people who couldn't have a healthy relationship if they wanted, who will not accept responsibility for their actions, who will blame others. Others are in the debt because they simply don't care about next month, life today is a living hell and anything at all to relieve that is the choice they'll take.

How can I be so sure? I ran up a fair bit of debt myself during a time when I suspect I was probably depressed. I'm now sorted and while I've got another pile of debt it's a mortgage and 0% for renovations. Thankfully this time the debt is less than the equity and it's coming down fast. I've repaid 12K in just under 12 months while still covering all my bills.

Debt will add to stress, of course, but I'd say it is not accurate to point the finger at debt as the problem to be solved.
 
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