Everyone I know is sinking under a decade of DEBT..

rich744

Everywhere, there is Debt...

I can't believe this degree of personal debt is sustainable. LOADS of folks that I know have huge credit card and loan debt. They are in positions where they are JUST able to service their debt, and actually paying it off is impossible.

The DFW post count seems to grow everyday!!!

Where's it all going to end???

Countries having defaulted on debt, Banks have gone bust. Isn't it just a matter of time until this whole house of cards comes tumbling down..?

Pete111

Wont someone think of the Children?

bendix

I have no debt. What should I do?

mostlycheerful

rich744 wrote: »

Everywhere, there is Debt...

I can't believe this degree of personal debt is sustainable. LOADS of folks that I know have huge credit card and loan debt. They are in positions where they are JUST able to service their debt, and actually paying it off is impossible.

The DFW post count seems to grow everyday!!!

Where's it all going to end???

Countries having defaulted on debt, Banks have gone bust. Isn't it just a matter of time until this whole house of cards comes tumbling down..?

Well go and live in France or Dubai, you get locked up for years if you pass a bad cheque or rob your credit card, nice. Breaking rocks in the hot sun on the chain gang, that'll learn 'em manners, innit.

However apparently UK is just so stinking rich that anyone is legally allowed to rob their credit cards, loans, overdrafts and any lines of credit they can get. An interesting way of doing things seeing as the gross excess of robbery has caused world wide credit crunch recession which all the hard working taxpaying citizens are paying through the nose for. Yes, in crime-pays-UK the streets are paved with gold and you can nick as much as you like with impunity, so still the madness continues full tilt with no sign of abating. An amazing system, actually.

You would've thought that the whole thing would grind to a halt with the millions of people piling in grabbing as much as they can all the time and often recklessly, insanely, living way beyond their means. Just living on the never never without a care in the world. And not applying any normal sensible financial control over their compulsive run away overspending. No work ethic, no saving up to get what you want, no, just write some rubber cheques and rob the plastic, easy peasy, robbing banks has never been such a cinch. No wonder all the poor starving foreigners want to come to the land of milk and honey where the streets are paved with gold. It's an incredible spectacle, totally weird and out of control.

Yes, millions of people often just blithely totally frauding it and then walking away from their debts when they become unsustainable. With complete impunity. Just walk away. Or if you've got some assets to preserve then sign a couple of bits of paper and go bankrupt for six months. Then start the whole same process all over again. Amazing. Legal robbery, free money for all.

Still, it's a redistribution of wealth from the hard working taxpayers to the useless mindless thieves so the commies would probably argue that that's a good thing that the wicked capitalists playing it by the book have to pay for all the worthless parasite criminals.

Yes, go and do that in France or Dubai and see what happens to you, your feet wouldn't touch the ground. And lots of other countries as well. Strange that UK is so degenerate, has no standards, anything goes, no one cares, the taxpayers always pick up the tab and the evil proliferates everywhere, all the time. Incredible. How odd. What on earth is going on? Stealing isn't stealing any more, it's normal and you're just a mug if you don't grab yours. Etc for another 100 pages.

rich744

bendix wrote: »

I have no debt. What should I do?

Wot!! NO DEBT....??!!

Shame on you.............!!

purch

I have no debt. What should I do?

You can join my Debtless club. :T

£ 500.00 in 25 easy instalments of £25.00 :eek:

bendix

rich744 wrote: »

Wot!! NO DEBT....??!!

Shame on you.............!!

I know. I'm sorry. But I feel better now that it's out in the open.

It's good to talk about these things.

smeagold

I read in one of the papers the other day that 75% of 18 to 25 year olds went into debt to pay for christmas.

Jowo_2

Perhaps the high degree of debt is being caused by the knowledge which is being shared about easy ways that people can shrug off the obligation to repay their creditors with few or no consequences to them. Much easier now for a person to make themselves bankrupt, the introduction of DROs, etc.

Blobby8_2

smeagold wrote: »

I read in one of the papers the other day that 75% of 18 to 25 year olds went into debt to pay for christmas.

They need not have bothered it would still have happened.

purch

When I was in my early thirties (early 1990's) I thought that it didn't matter how much debt I had, as long as my "assets" were larger.

Fortunately this patent idiocy didn't last long, and I soon realised the truth.