Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • midlander81
    • By midlander81 21st May 19, 9:50 PM
    • 198Posts
    • 306Thanks
    midlander81
    people lie about debt
    • #1
    • 21st May 19, 9:50 PM
    people lie about debt 21st May 19 at 9:50 PM
    Does anyone else think that people lie about how much debt they have? I work with a group of 12 people and we were discussing debt in the office yesterday. Almost all of them claim to have no unsecured debt and yet the average person is meant to have something like 13K

    Do you think that people pretend to have less debt than they actually have, or am I the minority who actually has debt!
Page 2
    • lookstraightahead
    • By lookstraightahead 24th May 19, 8:46 AM
    • 1,380 Posts
    • 1,286 Thanks
    lookstraightahead
    There is a newish housing estate by us. Average about £400000 per house. Most people on that estate are in their early thirties, with young children and pets. Most have two new cars, eg a mini and a 4x4. Most walk their kids to the local school each morning, so I would say there's not two full-time incomes. At Halloween and Christmas their houses are lit up like a late night footy match with lights and snowmen and witches.

    Of course they are in debt.
    Last edited by lookstraightahead; 24-05-2019 at 8:49 AM.
    • onwards&upwards
    • By onwards&upwards 24th May 19, 8:17 PM
    • 1,154 Posts
    • 2,319 Thanks
    onwards&upwards
    There is a newish housing estate by us. Average about £400000 per house. Most people on that estate are in their early thirties, with young children and pets. Most have two new cars, eg a mini and a 4x4. Most walk their kids to the local school each morning, so I would say there's not two full-time incomes. At Halloween and Christmas their houses are lit up like a late night footy match with lights and snowmen and witches.

    Of course they are in debt.
    Originally posted by lookstraightahead

    Maybe they just make lots of money? Iím told there are people who do.

    The new car on my drive is a company car, btw.
    • lookstraightahead
    • By lookstraightahead 25th May 19, 5:17 AM
    • 1,380 Posts
    • 1,286 Thanks
    lookstraightahead
    Maybe they just make lots of money? Iím told there are people who do.

    The new car on my drive is a company car, btw.
    Originally posted by onwards&upwards
    I don't get that impression. Maybe they do, but the deals you get with new builds and the deals you get on expensive cars (£60000 cars) makes me think otherwise. The estate is quite cheap comparably in our area. But I take your point. Just can't see why anyone would waste so much money if it was actually 'their' money.
    • stripeyfox
    • By stripeyfox 25th May 19, 8:43 AM
    • 423 Posts
    • 441 Thanks
    stripeyfox
    People are rarely upfront about money and debt. It is something of a taboo subject so it is not surprising your colleague don't admit they are in debt. I have been the same. I had thousands of hidden debts from my family. Whenever the subject of money came up at work or with friends I would cringe and try and change the subject.

    It is hugely uncomfortable to talk freely to people about debt, so I guess most people keep a lid on it.
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

3,847Posts Today

9,500Users online

Martin's Twitter