Can't wait to get out of MBNA trap

dhassen

mrcow wrote: »

But often it is that simple, it's just that people don't look or are not aware at other options that are open to them. You only have to flick through the posts of the DFW boards to see the massive turnarounds and savings that are made once you start applying certain rules and discipline to spending and borrowing habits.

I'm not disagreeing with you that anyone can dealt a bad hand at any time and find circumstance all of a sudden overakes them, but all too often, it's the apathy of the consumer that is the driving force that exacerbates the situation.

Over the years, I've sat down with many family members and friends and have gone through their debt situations and repayment schedules/monthly spending habits, and quite frankly, it's often frightening to see how much money is wasted because people are not taking control of the situation and exercising their options.

Circumstance can make you a victim, but all too often, it's your own attitude and actions (or inactions!) that will end up awarding you that status.

(Sorry if it's too early n the morning for a money saving lecture lol - it's something I fell very passionate about)

I actually agree with everything you're saying here.... I got the impression though that you were just 'having a go' at the OP, and like I said somtimes things aren't so simple. I do agree though that people are unaware that they can get themselves out of a bad position (whether that by gettin alternative cheaper credit, assuming they can or by changing spending habits). It does sometimes seem glaringly obvious how you can get out of trouble, but other times people do get stuck... there are lots of people on the DFW board who are totally screwed.

BTW don't worry about the lecture lol ..... it's all good info.