S
. What galls me is for years, I have been paying 15-20% interest on the credit card, mostly minimum payment just servicing the debt. I'd say the cc company have done well out of me.
Hi Scoop, welcome.
With all due respect my opinion is that one of the biggest problems in this country has been the availability of consumer credit. Just like people have to manage when they reach a credit limit (say 50k) they can also learn to manage with a credit limit of 0 in the very same way - through saving and managing expenditure closely.
The advice would be that you took out a contract with each when you borrowed the money and you are asking now whether to renege on that agreement or not. Personal honour should lead you in the right way.
As for you Bronte, you appear to have a rigid fidelity in your own opinion, which is often a regretable charachteristic.
You borrowed the money freely and no doubt you spent it freely. Do you have anything to show for what you bought?
What business is this of yours?
I'm sorry you feel that way Scoop. I apologise if my posts upset you. The funny think is I was actually trying to go easy on you as you were new.
Surely, it is in the interests of the Credit Union to agree a settlement figure 4 years early. Are they not willing to engage with someone to clear this debt?
As someone who has ran up a lot of debt and cleared this attitude always amazes me. Its your debt you took on at your own free will i'm presuming. Quit the victim mentality and pay it back. It would serve you will to listen to Bronte and the other frequent posters on here as they mostly offer pretty good advice. If its tea and sympathy your looking for i'm afraid your on the wrong website, you can expect a kick up the backside which is what most of us with debt problems usually need.
During the boom years lots and lots of people availed of free credit and many of them basically squandered the lot on cars, holidays and consumer goods. Now the credit has dried up people are left paying back sky high debts with precious little to show for it.
OP you had no problem spending the banks money now that you coming into money of your own you don't want to part with it.
Best advise is for you to pay off your debts, you can afford to unlike so many others and hopefully you will have learned a valuable lesson on irresponsible borrowing for the future.
What is it about some people on here. How the hell do you know if it was irresponsible borrowing? How do you know what it was spent on? You dont, so please quit the patronising waffle.
Bar one or two who's fair advice I appreciate, I think some people need to understand the difference between objectivity and subjectivity before they start passing comment.
I came on here looking for advice not to be subjected to an incessant lecture from faceless individuals.
What is it about some people on here. How the hell do you know if it was irresponsible borrowing? How do you know what it was spent on? You dont, so please quit the patronising waffle.
Bar one or two who's fair advice I appreciate, I think some people need to understand the difference between objectivity and subjectivity before they start passing comment.
I came on here looking for advice not to be subjected to an incessant lecture from faceless individuals.
Of course its irresponsible, regardless of what it was spent on. Even if it was to feed your starving family as opposed to travelling the world. You clearly didnt have the capacity to repay it at any time. Hence the long term servicing of the interest only.
What is it about some people on here. How the hell do you know if it was irresponsible borrowing? How do you know what it was spent on? You dont, so please quit the patronising waffle.
Bar one or two who's fair advice I appreciate, I think some people need to understand the difference between objectivity and subjectivity before they start passing comment.
I came on here looking for advice not to be subjected to an incessant lecture from faceless individuals.
And you need to not be so rude to people that have bothered to take the time to offer advice.
You haven't backed up anything you've said about irresponsible borrowing, so people can only presume you've nothing to show for it. If you have a major asset that you've invested this money in then you could have the option of selling and paying some of this back, so you would not be relying on this money. So it's common sense more than waffle that leads people to give you the advice they have.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?