Reckless Lenders

wherediditallgo

And if you had read my post without a hot head, you'd have seen that I didn't label all teenagers anything, good or bad. I didn't make any mention of 'all teenagers' or make any kind of generalisation about teenagers. In future, please read a post properly, in the context of the whole post, before replying - you'll find it more comfortable to do so without that huge chip on your shoulder. Don't use your issues to have a go at other people for no good reason. :mad:

And to deal with your ill-informed point about bankruptcy, I would sooner be bankrupt of money than manners. It would appear from your tart response that I'm not so badly off after all. And I'm not your 'mate' - none of my 'mates' speed-read so hopelessly, nor would they be daft enough to make such a post as yours. I'm bankrupt, but that doesn't mean I'm not particular about the company I keep.

You've made yourself look a real idiot. That's hardly the best start to a Christmas, but maybe it's your best.

ImStillAlive

Im sorry I have to disagree Zebedee69. While I wont dispute there are some of today’s youth who do wish to work hard and do well on there courses, but they are far outweighed by the one’s that are there for an easy ride and expect everything to be handed to them on a platter.

Unfortunately the youth of today think they should just be given everything they desire, and that is a big contribution to the mountain of debt they leave further education with as that is where most of the money goes, on living it up and investing in consumer goods.

I have seen the evidence of this for myself with my own child who is part way through there further education and has no debt yet while his friends are already building it up.

I agree it is unlikely my child will finish the course without some debt but having seen what we went through they would rather get a job and pay there way and not buy booze and party all the time, which is what my child has told me a lot of the other students are doing, So it does raise the question how much debt is actually incurred just to get an education and how much is incurred living the high life while doing it?

As for them being our future? That prospect scares the hell out of me from what I have witnessed.

Its sad but the youth of today have earned the label of being bad through the actions of a growing number of youths and there exploitation of the weak legal system. However I do feel sorry for the few good ones that do wish to make a future for themselves, and that are willing to work for it and not just rely on Mum and Dad or the nearest bank to fund there social life as so many young students appear to be doing these days.

Oh and that comment on bankrupts was totally unnecessary as your point would have come across better without it. All it achieved was to make your post look arrogant and brought the whole motive of you post into question. Without it would have come across a lot better.

Gaz1971

nearlyrich wrote: »

To be fair if I went out tomorrow and spent all the credit on my credit cards I wouldn't be able to meet the payments, maybe the minimum payments but definitely not pay it all off in a reasonable time. I could probably spend 3 times my salary without too much trouble and without having to ask the banks to give me more.

I'm not saying the banks have been reckless opening up these lines of credit because I know I won't be tempted to use them but if I was made redundant a week before Christmas or my children were in need of shoes who knows?

It's really easy to judge people without ever having been in that position....

Thats kind of what happened with me. I was unemployed and a cheque didnt clear in my account in time for a DD that was due so I requested an increase on my OD of 100 quid for a week so I didnt go over the limit and rack up charges, they refused as they questioned my ability to pay off the extra 100 pound but instead gave me a credit card with 3500 limit on it

Tr@cker

They certainly are reckless lenders and the Northern Rock fiasco highlights this. Propped up by the Bank of England to the tune of £60 billion (in other words taxpayers) We're a nation almost swamped by debt and i wonder how many are having Xmas on the plastic ?
Enjoying the moment but rueing all next year.