Debt pronWatching TV the other day we caught one of these "Bank of Mummy or the Wife" type shows and we thought, "This is Debt Pron." I.e. peoples financial problems exploited for the voyeuristic pleasure of others. Then we thought, "We bet lots of people on B3ta have massive financial problems. Let's exploit them." So, confess them all. Dodgy credit cards, lending money to some bloke in the pub, visits from the bailiffs, using one card to pay off another. We want to wallow in your fiscal pain. So, what is your biggest money fuck up?
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rob, Thu 23 Nov 2006, 19:50)
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I hate banks..Marginally off subject, but I hate the relentless push to get you into debt.
I don't know how it started; it might have been a rare computer upgrade. Visa increased my limit. I ignored them.
An invitation for a silver Visa card (15K limit) dropped through the door. I ignored it. And another one. I ignored that one too.
Not getting the message, they provided two platinum card invitations (25K limit). 25K - way more than I was earning *gross*. There really should be a law against it.
I think they've mostly given up since then, fortunately.
Another story : hubris from a friend. He bought a house. He sold it - profit of 30K. He bought another one and sold that, making another 20K. Believing himself to be a property god, he bought another house and is currently trying to sell it for 20K above market value without success and with a vast mortgage. Crippled by his outgoings, he then received a load of money from an unexpected source. Did he spend this on reducing his burden? No, he bought a brand new car *headdesk*.
I'd also like to slap anyone who thinks house price increases are valuable. It's only useful if you can buy a new house for less money than you can sell your current house for..
(, Mon 27 Nov 2006, 11:35, Reply)
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