Why should creditors or 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 a
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June 1st, 2009 at 2:13 pm
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I’m sure that not everyone can live this perfect life that it seems you have. Maybe people did not ever expect that they would lose their jobs or if they did it wouldn’t take them so long to find a job. I have been looking for a job since April. I went on maternity leave the end of March and I live in a state that the employer does not have to give you your job back after leave so they hired someone else. I was the main money maker. I never thought that it would take me so long to find a new job. So now we are in the middle of an eviction, we rent, our utility bills are a month behind, and we couldn’t buy the things that our children needed for school. My husbands job is extremely part time and he can’t find another one either. A house is a very important thing to have and I don’t think that to many people got mortgages that are to far out of their means. They probably had to delay their payment for a month to pay car loans, utility bills, and food and then their house payments got to high for them to catch up. You need to think about what you say before you say it. The future is not known and anything can happen. Why should the gov’t bailout the banks and big business? Did you happen to hear about the head guys at AIG take this retreat after receiving their bailout $ the first time. They spent almost 1/2 million dollars of the tax payers $ to stay a week in a resort and get 23,000 dollars in spa treatments.