Are you ashamed of being in debt?

livinginhope · 29 March 2007 at 11:46AM

findingmyownway wrote: »

erm, don't want to be awkward - but who's fault is it if not our own?

Basically our debt is down to our loss adjuster,who was responsible for sorting everything after our house burned down a couple of years ago,we were underinsured and were not told,we were told to rent a house while ours was being rebuilt,which we did,but we had to fund it upfront until the insurance paid out.We talked to our bank,who in turn,spoke to our insurance,the bank gave us huge loans and upped our CC limits to 30k each to fund everything needed,when the house was finished the loss adjuster informed us there would be a big problem as I had ticked the wrong box when filling in the online form and we only had 20k of contents cover,after all the workings out,we ended up with 4k paid back,the insurance company couldn't apologise enough and even recommended this site

the bank,well that's a different matter :mad:
So you see,it's not always the fault of the debtor,just victims of circumstances.
LIH

MUSTBEFUNNY_2 · 29 March 2007 at 12:01PM

Not ashamed anymore but GRIEVING for all the money I've wasted on interest.....come back money,PLEASE.......but I suppose what I've learned from getting debt free is priceless:money: :rolleyes:

lonely_2 · 29 March 2007 at 12:25PM

Ashamed of myself in real life, how I have wasted money in the past, how I have to put plans for family on hold whilst I pay all this off, how i would feel if told OH, parents or friends (they wouldn't understand) - but on this forum I am proud to be dealing with the problem.

Crown · 29 March 2007 at 1:18PM

lonely wrote: »

Ashamed of myself in real life, how I have wasted money in the past, how I have to put plans for family on hold whilst I pay all this off, how i would feel if told OH, parents or friends (they wouldn't understand) - but on this forum I am proud to be dealing with the problem.

You may be ashamed of the money you have wasted in the past but now you should be proud that you are dealing with the debt both online and in the "real world". :j

I would think you would be suprised if you told your friends about the debt. Id say that not everyone ofthem isnt without debt and you may even find that some of them are in the same boat and are worried what you think regarding THERE debt problems.

From speaking to my friends who have a good jobs I have found that all but one of our group have debts of some type.

Aj_eye · 29 March 2007 at 1:41PM

I'm not ashamed of the debt... but I am ashamed of how its making us live.... and the restrictions that it's caused.

At the moment I'm more angry than anything....because due to the debt we are having to change well laid plans..... for instance... We live in in 2 bed flat, we have 1 child and really want 2 more, but we don't have the space ...so we really do need to move.....But we can't move baceuse getting a bigger mortgage with the current debt makes no sense...(beside we won't be able to afford it).. then there is the deposit, and all teh associated costs of moving..... My wife is 37 and I'm not keen on her having kids in her 40's due to the medical risks... so .................

Ahhhhhhhhhhhhh !!!! I get get more fustrated the more I think about it ....!!! then when I hear about people wasting money on silly things like designer clothes, and their so called 'life style' (and don't get me worng ....I'm not knocking nice things because I have expensive taste...but I refuse to pay over the top for anything ......ever )!!

Ok..... I'm going to stop now !!!......

sorry for ranting ....!

Dragon_Lady_3 · 31 March 2007 at 10:07PM

No. Definately not 'ashamed'. But I do feel frustrated and guilty that my kids have had to 'make do' for so long and the last holiday we had was over 15 years ago. My youngest has never been on holiday.

But, if things go to plan, this time next year we will be planning one. Even if its a week at Butlins. Lots of good memories of Butlins from when I was a kid. But that was sooooooooo long ago.

winkle1 · 31 March 2007 at 10:52PM

i changed my user name from my real name a while back cause i was scared of being identified

winkle1 · 31 March 2007 at 11:08PM

MUSTBEFUNNY wrote: »

but I suppose what I've learned from getting debt free is priceless:money: :rolleyes:

good point

postingalwaysposting · 31 March 2007 at 11:38PM

my first lot of debt (£800) i wasnt ashamed of no but i was young and stupid, this debt though (£477.85) yes i am ashamed of as it should never had happened, but its another learning curve for me, at least i am getting them out while i am young, i have no one really to answer too but i feel ashamed to all those on here who helped me out last time

newmum1 · 31 March 2007 at 11:50PM

Im definately ashamed some of my friends know but they are the ones who were students like me and are also in debt, but family dont know cause they are really good with their money and i suppose would be really shocked but I want to tell my mum but I know she comes on here i have told her my screen name but i dont think that 'she gets it' or else she is pretending. Not really sure........:)