Originally Posted by Punkie

Following a thread on here today (please lets not drag it all up again)...How well do you think you manage your debt?

Who's fault is it if someone gets themselves into debt? Their own

How much blame should lenders take for loaning money to those that cannot afford to pay it back? (im thinking sub-prime US market collapse here not person to person loans) Some, but at the end of the day only you can decide whether you can afford to pay it back

Have you been in debt? How did you get out of it? Yes. Worked 2 jobs over 7 days a week. I spent it, so I earned it to pay it back.

Anyone had an IVA or been declared Bankrupt? No, never that bad!!


I know a guy who is well over 40k in debt due to credit cards and personal loans when he was about 18-24. He just borrowed as much as he could and didn't worry about paying it back.

I helped him sort out an IVA with reasonable paybacks...and now he isn't keeping up the payments. Well he's a twunt then, that will have to learn 1 day.

I washed my hands of it now. I cant physically help him anymore.