london
Laura Marcus has four credit cards but argues that lenders were also at fault for encouraging easy credit
Laura Marcus admits the debts on her four credit cards run into "a five-figure sum" and that she has been struggling with them for some time. For her, any move to force lenders to increase her repayments would be "an outrage". "I've got multiple credit card debts but I do my best to pay them off each month. If the minimum repayment went up to 5% it would cripple me and there is a possibility I could lose my house. It's that serious," she says.
http://www.guardian.co.uk/money/2009/oct/27/credit-card-crackdown-case-study
I think this woman has got the wrong end of the stick. instead of complaining about the govt forcing the credit card companies to increase their minimum payments, she is against it, saying she wont be able to afford it. If she is barely able to pay the minimum now on her credit card debts she is in deep trouble allready.
What she should do is mortgage her house and pay off the credit card debt. The morgage interest will be less than the credit card interest. Rent out a room or rooms to get income to pay the mortgage. By continueing to pay the minimum she will never pay off her credit card debts.
And she blames the credit card companies for offering her cheap credit, and the govt for allowing it. When to me, it is all her fault for taking up the credit. people can offer u all kinds of things, but u r the one to decide whether u take it up or not. She is a foolish woman and brought on all her problems on herself. Can people be that stupid or do u think it is her soul wants her to experience debt and deprivation. I prefer to think it is the latter.
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3 comments:
Anthony,
Apparently, there are those nowadays who are of the idea that going into debt is itself another spiritual experience. So, there are all sorts of weirdos nowadays with off-the-wall ideologies and they are entitled to hold whatever opinions. My own concern is as long as whatever opinions held do not have a negative impact on others, then its acceptable for them to hold those opinions. So, some weirdos will claim that the foolish woman in credit card debt is going thru her own spiritual experience/journey!Ha ha. Paul L
hi paul, i think i may be joining the ranks of those weirdos who think that everything is a spiritual experience. haha. conversation with god, by neale walsch says as much, i kind of believe him. otherwise how else to explain why people go into debt, carry on gambling inspite of all the hard ache they cause to many of their loved ones, even stealing money from them, take drugs that make their lives and their loved one's lives hell, climb mountains, walk to the north pole...if u look at it as their souls wanting it, they are all spiritual experiences to those people who do it. When i believe they are having what their souls wants, it makes me quite happy to let them carry on without feeling 'what is the world coming to'.it makes me accept whatever they do and become very tolerant of the silly, dangerous, wasteful things people get up to.I go even further to say if everyone is a weirdo and believe this, the world might be a better place to live.
however, as u have said, it is a weird thing to believe in and i doubt it will be widespread. i dont mind really, because if people want to believe in something else, that is what their souls wants. haha. A lot of those who might object to this viewpoint, is that there is no reason to help anyone, because if their souls wants it, then why bother helping anyone. this is something that makes people feel uneasy, because they dont want to see themselves as being unfeeling, and unkind or selfish. many will feel it can happen to them, being in debt, and they will want others to help them out. I have to ask myself whether i blame them so that i dont have to feel uncomfortable that i m not helping her, or feel sympathetic to her. we humans have allkinds of contradictory feelings when we hear of others in trouble. we feel we should help, but at the same time, we feel they brought it on themselves, and when we do help, as in the govt helping the banks, we get angry when we see them continueing with the behaviour that brought on the trouble and they dont seem to change.
so i decided i shall sidestep all that, and simply adopt the philosophy of all things are fine, everything that happens is what the soul wants. so that is that and no need to anguish about it. is that a good philosophy to live by? i think it is. what think you?is there a better philosophy?
Hi Anthony
As I said earlier, I really dont have a problem with anyone holding any opinion, however weird, as long as it is not negatively impacting on my own spiritual journey. What would we consider in the case of the reckless greedy bankers indulging in their own spiritual experience by risking all a bank's cash/assets and the impact of that is that the taxpayer (us) have to pay via government bailouts to the banks, resulting in higher taxes to all of us!
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