Without going into too much details as to what's happened to day...do you think people who are in so much financial debt have a mental problem as such or is it just sheer greed?

JDINTERACTIVE said:

IMHO it is just the society we live in. We have to have everything now and so when credit is easy to get we just go and get what we want then suddenly it catches up with you.
Been there done that 20k at 18 but saw sense and worked my ass off. All paid and never again. Still use cards but would not get in to that kind of situation again.
You OK?

Its mental.. not greed.

JDINTERACTIVE said:

speaking as someone who was in an enormous amount of debt (especially for someone my age - I was 18 when it started) I think it can very easily get out of hand and it gets you waaaaay down...I'm lucky because I'm in no debt now and haven't been for some time but that's because I filed for bankruptcy in 2000. I was in a huge downward spiral both financially and emotionally and saw no other way out of it...

mdiver said:

No, Im fine. Its my (ex) housemate. She got evicted today but the crux of it is, she's about 8 grand in debt and she's only 22. I think in her case she's a deceitful, compulsive and greedy liar without self awareness. I feel sorry for her because of her financial situation though. Its a whole horrible mess.

JDINTERACTIVE said:

How do you know that of her? Maybe there are more problems underlying.. you shouldnt jump to conclusions

REDBABY said:

Half of it doesn't have anything to do with her debt so Im not jumping to conclusions. She has lied constantly.

I don't know. I've never been that far in debt. Probably a combo of lack of self-control, possibly self-esteem issues and a smidgen of naivete (or however that's spelled).

Once upon a time I worked in collections. I would call people and tell them to pay their bill. It wasn't the most fun job but the hours were really flexible and the pay was good. Within about 30 seconds of the call I could determine that they were in one of 3 situations, either young and/or naive (didn't know any better, didn't understand credit well, etc.), just didn't care, or had a serious financial problem stemming from loss of job, medical problem or a divorce.

JDINTERACTIVE said:

Mate the problem is often not facing up to it. Lets be honest 8 grand is not masses these days. She could borrow that for about 150 a month and pay it back but often people won't face it and ignore the letters. Maybe she is just real scared

mdiver said:

I think that's the bottom of line of it really. She seems to have just constantly borrowed and I think it can just escalate and spiral out of control.

JDINTERACTIVE said:

Well all you can do is hope that she sees sense and sorts herself out because otherwise she will always be running from creditors

mdiver said:

I hope so but it would appear she hasn't faced up to it. On the face of it and from the way she has been acting it would appear she's greedy but I think to some extent it may be something that runs deeper.

Natisse said:

Okay, spooky, I filed in 2000 also, and we both love KISS. Crazy huh?

MIGUELGOMEZ said:

How dare you spread your Kiss love on a serious thread!

JDINTERACTIVE said:

hey Kiss is cool enough to be spread on ANY thread

and Miguel that IS spooky lol! he he...

JDINTERACTIVE said:

Okay J.D. I'll spread all my Kiss love on you. All over you, bang!!!

So there....



"....go baby driver, keep driving on down the road....." sorry I'm having an insane KISS moment.

Natisse said:

Aslong as I can spread Gary Barlow on yours!

MIGUELGOMEZ said:

Crikey O'Reilly man!

JDINTERACTIVE said:

$8000 in debt is nothing.

At the moment I have about $1.25 Million in debt. I kid you not.

JDINTERACTIVE said:

Yeah....um.....WHAT!!!!!

bkw said:

I was about $20,000 at 18 and I thought that was a lot!

It'z da system!! It'z corrupt!! People have just gotta think outside da square to beat it- otherwise they'll be spending their lives paying back what they've spent. And they've spent cause they are not paid enough and everything on da market from luxuries to da bare necessities is just so expensive. Prices are rising everyday man. Just look at da frikkin petrol!! Look at transport farez!! Look at your groceriez!! Look at your clothing!! Food!! People are paying nearly $5 for a serve of RAISEN TOAST for gawd'z sakez!!

lilmissmissy said:

that's all very true, hon the cost of living in general has skyrocketed and isn't slowing down at all

Natisse said:

It's all tied up in various property investments, so it's really not that bad. That debt is actually making me money.

Natisse said:

Quite frankly it scarez me!!!

bkw said:

far out!!! Dat has GOT 2 b hardcorez.

bkw said:

oh ok that's a bit different then...my debt I had absolutely nothing to show for

that's good you're investing!!!

Natisse said: