Why should anyone be considerate with peoples inability to pay back their debt?
Its not anyones but their own fault for getting themselves into debt. Now I know their are differ situations so let me explain myself correctly:
Now I understand if you had a reduction of income and now ur not able to pay back debt. But why didnt you plan for these situations in the first place. Why did you go and charge what you cannot afford? After all that is one reason us Americans are in so much debt…. living outside our means. IF YOU CANNOT AFFORD, DONT BUY!!!
Now some exceptions are understandable:
Medical reasons, lack of education in order to obtain a good job to survive, using credit for LIVING EXPENESE, and im sure many reasonable explanations.
My point is why do many people with debt complain about their creditors when they new what this debt could do to you. Especially people with fairly great incomes.
Example: A couple is making $9000/month net income. One of them loses their job so now they down to $5000/month, yet they have 35k in unseucred debt. Living a great life with a great mtg, 3 car pmts ( new vehicles) and they still complain and whine about thier debt, their creditors , the economy. That just does not make sense to me. First of all, with this income you shouldnt even hae to use credit cards, why cant people just live within their means and adjust your life style with what you can afford!!!
Im just wondering what all of you have to say. Doesnt it make you angry that you would want to have the same luxuries and priviliges and people with great jobs and incomes do not appreciate?? Many people do not even own homes or even a vehicle. Why are we Americans so selfish??
Do you agree?
I posted question in wrong category. You answers are still appreciated!
FYI…I live a very well blessed life myself. I have learned from personal experiences the reality of our society and how not to place myself in these situations. I do sound very judgemental but I really do not think its for for others. This is my personal opinion and everyone is allowed to have one.
This has nothing to do with being jealous. I am NOT jealous of people going through these situations.
Good for you if your lucky enough to live a good life, my point is why do many people not appreciate it!!
Obviously some people are not reading carefully. I did say that their were exceptions that are understable!!!
Powered by Yahoo Answers
June 24th, 2009 at 9:21 am
Powered by Yahoo Answers
I totally agree. But Hon, this is the marriage and divorce section, not the personal finance section.
June 25th, 2009 at 3:39 am
Powered by Yahoo Answers
Apparently no one is as observant, responsible and well planned out as you are.
You irritate me.
Why the f*ck is this in M&D???
June 27th, 2009 at 3:28 pm
Powered by Yahoo Answers
Good point but wrong section.
June 30th, 2009 at 10:19 pm
Powered by Yahoo Answers
I agree too…..but I hate to say this, my husband makes over 100K a year at IBM….and my life is pretty damn good.
Beatngu- thanks to your husband for serving our Country!!
July 1st, 2009 at 1:48 am
Powered by Yahoo Answers
I’m sure you aren’t perfect yourself. No one needs someone spouting off to tell us how bad the economy is or our spending habits are out of control. We really already know it.
July 1st, 2009 at 11:36 am
Powered by Yahoo Answers
I agree. My hubby makes good money we live on about 75,000 a year because we stay within our means we put money back for retirement, we do have a vehicle payment but no problem making it. We bought our land over 10 years ago. So our debt is very manageable we pay the credit card off every month. We are still able to go out to eat once a week and meet all of our expenditures. No we don’t have cable tv but so what we don’t need it.
Now I agree there are situations that cannot be helped. But when someone is knowingly living outside there means they should not have room to whine or cry.
July 2nd, 2009 at 7:26 am
Powered by Yahoo Answers
I think the problem is bigger than you think. Do you realize that one of the main reason people claim bankruptcy is due to medical bills? Illness and injuries can sneak up on us and if we don’t have medical insurance we are screwed. Luckily I have (mediocre) insurance. My husband was injured and it cost us $6000 out of pocket. The insurance paid $141,000 and we were lucky. There are millions of Americans who DON’T have insurance because they can’t afford it. They may have good jobs but their employers don’t buy it for them. Quit being so judgmental. We’re all doing the best we can and your “example” isn’t realistic. Most middle class families don’t make $108,000 a year.
July 4th, 2009 at 2:28 am
Powered by Yahoo Answers
i agree with you its ridiculous how people with a substantial amount of income can be in such great debt. i mean they need to learn to budget out their money. i had to do that and i dont pay any of the bills i budget out 40 dollars for an entire month of extras for me and my 2 kids ( going out to a festival, diapers, special treats, gifts for holidays etc). its sad how most people with a good income dont relize how good they have it until its taken away from them.
im a SAHM my fiance has put me in debt by 1000 and ruined my credit because of that now some of you will think 1000 isnt much but to me thats a lot of money i barely make that in a year so im really pissed and like you said there are certain situations where you can understand why people go in debt but l9iving beyond the needs is just ridiculous.
July 4th, 2009 at 11:37 pm
Powered by Yahoo Answers
Americans have lived in luxury compared to other countries for century’s. We have not known what it is like to be a part of the third world. We also have the freedom to make choices. The fact is the more you make the more you spend. You feel infallible. When you are making the big bucks how dare someone lay off your expertise? We weren’t taught as young adults not to spend more than you make. We were not taught when young adults to have one credit card and after that live within your means. We were not taught how fast debt incurs while we are charging, then we get bit for our choices. We FLAT were not taught. It is up to us to teach our children the repercussions of choices and how to secure yourself for your future. How many of us are teaching our children, not many, most of us are still wanting to keep up with the Jones’s. Generations from now this same question will still be asked of our society. AND the same answer will still be given
July 6th, 2009 at 11:32 am
Powered by Yahoo Answers
You’ve chosen the name “blessed” as your ID. So… spend a little more time thinking of your blessings than being jealous of other people’s wealth. You’ll spend the rest of your life miserable if you’re always looking at and judging “those” people (while secretly envying their lifestyle) Look, my finances go back and forth. I’ve worked very very hard to get a Ph.D. and make a six figure salary but you know it amazingly goes really fast. I spend every free scent I have just paying for my family and keeping my wife happy. So, if I wanted to splurge on myself (to dampen the suicidal thoughts), yes, I’d have to use a credit card and pay it back.
July 9th, 2009 at 5:28 am
Powered by Yahoo Answers
I agree! My hubby and I haven’t purchased a home yet because we want to be able to get what we want, not what we can currently afford. We’re working on paying off my car note, which will be done next year instead of another two past that.
You have to have a plan, and even then… a back up plan for your plan. JUST in case something happens… We got a good glimpse as to the what if’s when I was hit in my car by a speeding teenager… That just got her DL and was in a brand new car that Mommy and Daddy had not even put the correct insurance on yet… I hated taking a loan because I lost work for my injuries. We had to pay our deductible to get my car back so I could work and we only had about half of it… plus bills to pay.
So, since then… we’re paying down all of our debt and building up a rainy day fund…. just in case something happens again.
EDIT: Val…. I HATE you… LOL just kidding. We’re military and its a choice my hubby made before we got married. We are up to almost 50K but that is between both of us working. Of course, when he retires in a few years… We’ll be living that good life. It’ll be so nice! LOL
July 9th, 2009 at 8:04 am
Powered by Yahoo Answers
Because they’re still human beings. True, people shouldn’t take on more debt than they can handle, but it doesn’t make them bad people if they do. It doesn’t make me angry that some people can afford luxuries and others can’t. What makes me angry is that some people have excess and others don’t have enough of what they NEED. Americans (not all Americans) are selfish because we’re used to having more than what we need. Excess has become the standard.
July 10th, 2009 at 3:48 am
Powered by Yahoo Answers
“especially people with fairly great incomes”….if that was the only group of people affected by the current economic climate then I would agree with you. BUT they aren’t.
I work my a** off, my husband works his a** off…we live within our means…we pay our bills. Have you purchased gas lately? How about food? EVERYONE has to re-evaluate their budgets- my food bill is 35% higher than a year ago…I spend $80 a week on gas for the car…
as for “having the same luxuries and privileges”…who are YOU to assume what I consider to be a luxury or a privilege- I don’t weigh those things monetarily.
July 11th, 2009 at 3:31 am
Powered by Yahoo Answers
Totally and completely agree. You signed a note saying that you will pay X amount of dollars per month until the debt is paid. You didn’t say “if” I can or “if” I have a job or “if” I have money left over after I’ve done everything else I want like smoke, drink, gamble…etc.
July 13th, 2009 at 1:05 pm
Powered by Yahoo Answers
Why are you on this rant? To take your question one step further, why should anyone be considerate of anyone’s problems that they could have avoided if they had handled things differently? We all mess up in a variety of ways and are in need of mercy and forgiveness. It is usually a mistake to get too judgemental about other people since it is usually impossible for you to know what it has really been like for them. In order for a person to look down their nose at other people they usually have to overlook some of their own faults.
July 16th, 2009 at 4:49 pm
Powered by Yahoo Answers
I don’t find lack of education to find a good job a good excuse either-perhaps you should have used your credit to get a student loan and there’s still plently of jobs that pay a decent salaryavaiable to those without an education-it’s called manual labor.
All Americans aren’t selfish-but that has become the common mentality-the gotta haves-instant gratification instead of saving for what you really want. I own a house (well actually the bank does) but when I shopped for houses I made sure despite the gorgeous expensive house I viewed and was qualified credit wise to purchase that we bought a house that the mortgage payment did not exceed our rent at the place we were renting at the time. So if we were able to pay our rent-we would surely be able to afford the mortgage. My mortgage is a little over $500 a month so if we can’t afford that then we can’t afford to live anywhere!! Sure my house is a little smaller then I would have liked and it’s not exactly my dream home but it is on an acre in the middle of the woods-which I love and guess what-thus far we’ve been able to afford our mortgage.
I have two friends-one was using her old outdated not so fashionable cell phone and the other went out to buy a new special one for $300 with all sorts of services and then made fun of friend #1 and her old phone. Guess what-2 months later friend 2’s phone was sitting in a drawer because she couldn’t afford the monthly service charges. Haha-I’d rather have the old phone than the new one sitting a drawer!
July 16th, 2009 at 7:08 pm
Powered by Yahoo Answers
I agree with you. There are instances that are unavoidable, such as medical issues, but still. I know people who make a very good living and STILL put everything on credit cards. I personally do not have a credit card, never had one (I’m 34 years old) and probably never will have one. I’ve never had a brand new car, and while I would like one, if I can’t pay cash for it, I don’t need it. My husband and I were fortunate enough to have bought our house before the mortgage mess hit, and that is the only thing we owe for. There are things we’d like to do to the house, but are refraining from using the house as a bank in order to finance our projects. I guess I’ve been poor too long to “need” expensive things or spend a lot of money on stuff that are not necessary.
July 18th, 2009 at 2:13 am
Powered by Yahoo Answers
I always paid my debt, even when I lost my business and went from 120,000 a year to 35,000 a year. I could not however prevent the financial disaster that ensued during my divorce. For the first, and hopefully the last time, I had no choice but to default and file. I hope the good life doesn’t get pulled out from under you and have to face a person as yourself.
Sometimes life happens and you don’t get a choice.
July 18th, 2009 at 5:32 pm
Powered by Yahoo Answers
Not everyone is as educated as you think you are in regards to finances. But let me give you a scenario, about 15 years ago I was in an auto accident that left me incapacitated for some time, at the time I had impeccable credit. The beauty of it was that I had insurance but the person at fault, not only didn’t have insurance, but no license and had seizures–this is why he had no license. In the meantime, my insurance coverage wasn’t enough to cover me and the passenger in my car that was hurt, so in a nutshell, as great of an employer as I had, I ended up losing my job, as an employer has no obligation to hold it, regardless of the circumstances, however once I received a medical release, which believe me couldn’t come soon enough, I was eligible to reapply and start over…..fine. But then the so called friend, had the same thing, guess what I get sued, so then I sue the idiot with no insurance, too bad so sad, he is collecting government money, can’t get that and has five children to feed. In the event this guy ever wins the lottery or comes upon some cash, I’ll get some money, but other than that, I was SOL. So a bankruptcy later, it took several years to recover financially. You are correct in stating that people live beyond their financial abilities–such as life. But don’t ever think that none of this could happen to you, I never thought it could happen to me and even in 20 years, the laws have not changed. It is too difficult to establish laws for every set of circumstances. There are always going to be people that try to live up to other peoples superficial beliefs, eventually they learn that you’re never going to be remembered for your material possessions, you will be remembered for the type of person you were and your contribution to others and how you made a difference in their lives.