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  • FIRST POST
    • Former MSE Andrea
    • By Former MSE Andrea 25th Sep 06, 5:44 PM
    • 9,418Posts
    • 22,338Thanks
    Former MSE Andrea
    Debt suicide. The banks' fault or the deceased? Blog Discussion
    • #1
    • 25th Sep 06, 5:44 PM
    Debt suicide. The banks' fault or the deceased? Blog Discussion 25th Sep 06 at 5:44 PM
    This is the discussion to link on the back of Martin's "Debt suicide. The banks' fault or the deceased?" blog. Please read the blog first, as the discussion follows it.


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Page 1
  • southernscouser
    • #2
    • 25th Sep 06, 7:00 PM
    • #2
    • 25th Sep 06, 7:00 PM
    Am I allowed to start discussing before it starts?

    But seriously what a tragic loss of life.

    At the end of the day it is only money! That might sound daft coming from someone who was in £34k of debt and still £25k in debt but it's taught me that money really isn't what's important in life.

    I wonder how many people have killed themselves in the last 5 years because of money! I bet it's a hell of alot! :confused:

    But in answer to the question; I don't think it's as straight forward as a them or us scenario!

    Lending isn't necessarily a bad thing. As Martin puts it, debt is only bad if it's bad debt (or something like that). I have to hold my hand up and take responsibility for my debt. I applied for it. I spent it. But at the same time we all know it's not responsible to lend someone twice what they earn.

    But who is ultimately responsible? Me or the lendors?

    I'd have to say me!

    At the end of the day the banks are there to make money! :confused:
    Last edited by southernscouser; 25-09-2006 at 7:05 PM.
  • southernscouser
    • #3
    • 25th Sep 06, 7:16 PM
    • #3
    • 25th Sep 06, 7:16 PM
    Martin, you are actually scaring me having a pop at that bloke!

    Good on you fella!
  • Bunnyinthelights
    • #4
    • 25th Sep 06, 7:21 PM
    • #4
    • 25th Sep 06, 7:21 PM
    How very sad...
    I know when I was at my lowest, I wished to get cancer because I believed (wrongly!) that the PPI on my loans, CC's etc. would pay off my debt when I died.
    Thank god it never happened and that I'm now dealing with my debt with the help of this site and CCCS.
    Bunny
    Empty pockets never held anyone back, only empty heads and empty hearts can do that -Peale
    • elantan
    • By elantan 25th Sep 06, 7:22 PM
    • 19,892 Posts
    • 53,368 Thanks
    elantan
    • #5
    • 25th Sep 06, 7:22 PM
    • #5
    • 25th Sep 06, 7:22 PM
    i loved the look on Martin's face when he was talking to the bank guy.lol.. what a picture
    march 2011-july2019 8 years and 4 months ... or 100 months and counting
    "what would you do if you knew you couldn't fail.... enjoy the adventure" " to my own self be true"
  • southernscouser
    • #6
    • 25th Sep 06, 7:29 PM
    • #6
    • 25th Sep 06, 7:29 PM
    What were those glasses the woman from relate was wearing all about?
    • elantan
    • By elantan 25th Sep 06, 7:42 PM
    • 19,892 Posts
    • 53,368 Thanks
    elantan
    • #7
    • 25th Sep 06, 7:42 PM
    • #7
    • 25th Sep 06, 7:42 PM
    just wasn't long enough for me i wanted more ..but then i always do lol
    march 2011-july2019 8 years and 4 months ... or 100 months and counting
    "what would you do if you knew you couldn't fail.... enjoy the adventure" " to my own self be true"
  • Mirtos
    • #8
    • 25th Sep 06, 7:43 PM
    • #8
    • 25th Sep 06, 7:43 PM
    Thank god for Martin. Seriously. There have been times when the only way out seemed to be to kill myself. MSE and the Debt Free wanabee forum have changed that forever- now I can be proactive and sort myself out - and I'm paying off debt faster than I ever could have imagined possible before I joined MSE. I wonder how many lives Martin personally has saved? Probably mine eventually. My best friend at school was devastated when her dad killed himself to escape his debts - and that was 14 years ago - this isn't a new problem. So, really what I wanted to say was THANK YOU MARTIN. You're an .
    Official Debt Free Wannabe Nerd Club member 095! Debt Now:
    M&S 5000 2071.49 - 3.9% |Cahoot Loan 8646.96 7453.24 - 5.8%| Barclays OD 2250.00 991.99 - 0% Halifax Card 1620.60 - 0% Savings: 927.59
    Grand Total = 22,540 11,209.73 Total paid off since 31st May '06 = 11,330.27 Semi-DFD Dec'07?
    Savings for temporary unemployment fund: 763.05 @ 8%, 164.54@ 4% Total savings: 927.59

    18k Challenge 18,934.21 11,209.73 to go!
    Proud to be dealing with my debt.
    • elantan
    • By elantan 25th Sep 06, 7:44 PM
    • 19,892 Posts
    • 53,368 Thanks
    elantan
    • #9
    • 25th Sep 06, 7:44 PM
    • #9
    • 25th Sep 06, 7:44 PM
    just us three in here ss and bunny all the best parties go on in the kitchen wink wink
    march 2011-july2019 8 years and 4 months ... or 100 months and counting
    "what would you do if you knew you couldn't fail.... enjoy the adventure" " to my own self be true"
  • southernscouser
    I know what you mean el!

    No disrespect to Martin as I pretend to understand that it's not always possible to have hour shows for whatever reason but there seemed to be too many cases squeezed into the half hour!

    I also think it's a shame this site never got plugged!
    • elantan
    • By elantan 25th Sep 06, 7:45 PM
    • 19,892 Posts
    • 53,368 Thanks
    elantan
    sorry mirtos crossed messages with you there
    march 2011-july2019 8 years and 4 months ... or 100 months and counting
    "what would you do if you knew you couldn't fail.... enjoy the adventure" " to my own self be true"
    • elantan
    • By elantan 25th Sep 06, 7:47 PM
    • 19,892 Posts
    • 53,368 Thanks
    elantan
    you just wanted to hear martin say read ss's diary for the funniest stories you could ever wish to hear
    march 2011-july2019 8 years and 4 months ... or 100 months and counting
    "what would you do if you knew you couldn't fail.... enjoy the adventure" " to my own self be true"
  • Mirtos
    sorry mirtos crossed messages with you there
    by elantan
    It felt like school again for a minute there!
    Official Debt Free Wannabe Nerd Club member 095! Debt Now:
    M&S 5000 2071.49 - 3.9% |Cahoot Loan 8646.96 7453.24 - 5.8%| Barclays OD 2250.00 991.99 - 0% Halifax Card 1620.60 - 0% Savings: 927.59
    Grand Total = 22,540 11,209.73 Total paid off since 31st May '06 = 11,330.27 Semi-DFD Dec'07?
    Savings for temporary unemployment fund: 763.05 @ 8%, 164.54@ 4% Total savings: 927.59

    18k Challenge 18,934.21 11,209.73 to go!
    Proud to be dealing with my debt.
  • southernscouser
    What I want to know is why there are guidelines/limits for secured lending but not unsecured? :confused:

    I understand the principles behind secured debt but it doesn't necessarily make unsecured debt any less devastating!
  • Mirtos
    I don't understand it either - and it's worrying, because this 'booming economy' the government keep telling us about is fuelled by debt - so when it falls, it'll really crash, and I'll probably be underneath! There really need to be measures in place to curb the amount of personal debt - and people should be much more worried than they are - the level of debt-awareness is shocking. Martin's right about how we educate our students in to debt - I racked up £30+k of debt during my BA, and a further £23k for my MA, yet no one was teaching me how to get out of it. If we expect graduates to make a contribution to society, we really need to teach them how not to end up bankrupt before they even have chance to launch a career. I'm not being very articulate I know, but I get very stressed by the general ignorance of debt-related issues in the population at large.
    Official Debt Free Wannabe Nerd Club member 095! Debt Now:
    M&S 5000 2071.49 - 3.9% |Cahoot Loan 8646.96 7453.24 - 5.8%| Barclays OD 2250.00 991.99 - 0% Halifax Card 1620.60 - 0% Savings: 927.59
    Grand Total = 22,540 11,209.73 Total paid off since 31st May '06 = 11,330.27 Semi-DFD Dec'07?
    Savings for temporary unemployment fund: 763.05 @ 8%, 164.54@ 4% Total savings: 927.59

    18k Challenge 18,934.21 11,209.73 to go!
    Proud to be dealing with my debt.
  • southernscouser
    Perhaps Martin should start a campaign for new legislation into unsecured lending! *nudge nudge* *wink wink*!
  • Mirtos
    Perhaps Martin should start a campaign for new legislation into unsecured lending! *nudge nudge* *wink wink*!
    by southernscouser
    Mmm. YES MAYBE HE SHOULD!

    Do you think he's listening? Should we shout louder???
    Official Debt Free Wannabe Nerd Club member 095! Debt Now:
    M&S 5000 2071.49 - 3.9% |Cahoot Loan 8646.96 7453.24 - 5.8%| Barclays OD 2250.00 991.99 - 0% Halifax Card 1620.60 - 0% Savings: 927.59
    Grand Total = 22,540 11,209.73 Total paid off since 31st May '06 = 11,330.27 Semi-DFD Dec'07?
    Savings for temporary unemployment fund: 763.05 @ 8%, 164.54@ 4% Total savings: 927.59

    18k Challenge 18,934.21 11,209.73 to go!
    Proud to be dealing with my debt.
    • elantan
    • By elantan 25th Sep 06, 8:23 PM
    • 19,892 Posts
    • 53,368 Thanks
    elantan
    poor guy never gets a minuet's break from all our questions ...guy needs a knighthood
    march 2011-july2019 8 years and 4 months ... or 100 months and counting
    "what would you do if you knew you couldn't fail.... enjoy the adventure" " to my own self be true"
    • kinged_uk
    • By kinged_uk 25th Sep 06, 8:24 PM
    • 5 Posts
    • 0 Thanks
    kinged_uk
    In fairness to the guy from the bank I have been nagging Tescos a couple of times for an increased credit limit (I use the card for work expenses and enjoy the rewards of all those clubcard points - hope they don't change the old-style any time soon) but they won't let me because I still have a relatively small overdraft on my current account with Natwest.

    I'm seriously considering a moneyback credit card or possibly even using the marriott credit card as I'd get a better tesco points ratio for spending that way
    )
  • southernscouser
    In fairness to the guy from the bank I have been nagging Tescos a couple of times for an increased credit limit (I use the card for work expenses and enjoy the rewards of all those clubcard points - hope they don't change the old-style any time soon) but they won't let me because I still have a relatively small overdraft on my current account with Natwest.

    I'm seriously considering a moneyback credit card or possibly even using the marriott credit card as I'd get a better tesco points ratio for spending that way
    )
    by kinged_uk
    In fairness! He is the opposition remember!

    But seriously, I assume your CC gets paid of in full every month? :confused:

    If so it's not in RBS' interest to increase your limit as you are making money out of them! However, it seems that when they are making money out of you they are more than willing to open the floodgates to earn even more from you! :rolleyes:
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