"I will hold my hands up and admit I went slightly over the limit and I missed four payments, but I cleared the €3,200 arrears.
"And now, all because of MBNA, I have lost the apartment," he said.
He wasn't sacked - he only had a temporary position. So now it's the insurance companies fault.Mr Behan is also angry that he was unable to get a payout on payment protection insurance he had as part of his credit card when his employment contract was not renewed.
He missed debts repayments - that's what the ICB is there to record. It's the ICB's fault.He is annoyed that the credit card company has refused to remove his name from the records of the Irish Credit Bureau, despite repeated requests.
.. I thought that was well established by now and as a result the courts should write off all the debts we ran up during that time.
Did anyone hear the taxi driver on Gerry Ryan.
He had €3K he wanted to use to reduce his 8K credit card bill. He the wanted to have €500 available to him for emergencies. The CC company were not interested in the arrangment so he only gave them €300. None of this made any sense to me. Why did he not just give the cc company €2,500 and put €500 into another account.
This guy was also in arrears with his mortage.
But, there are also people who went absolutely mad and couldn't wait to spend money - putting exotic holidays on their credit card, refurnishing the house every year, buying big show offy cars on huge loans, kitting their children out in designer gear and generally living like millionaires, but all on borrowed money.
I know. The banks behaved irresponsibly, there's no doubt, but it was a two way street. I remember when I was in the throes of buying an apartment and doing all the usual - bringing sandwiches to work, accepting I wouldn't be able to have a proper holiday for a few years etc, in order to be able to afford the mortgage, and in the middle of it all my bank rang me several times to ask me if I would like a loan of a few grand to buy myself something nice!
I just said 'no'. It was as simple as that.
The trouble with that lesson is it can by countermanded by example at home.They should teach children in schools that just because someone offers you money, that does NOT make it a good reason to take it.
The trouble with that lesson is it can by countermanded by example at home.
This part of what I didn't get. Even as a child during the 80s I remember how bad things were, but I saw a whole generation of people who were unemployed or had it bad during that time who still lost the run of themselves during the boom. How could they not have had some caution or even paranoia about a return having lived through the worst of it before?
The media also helped out the greed culture.
People watched their tv or read magazines with talentless nobodies like Karry Katona or Jade Goody (sorry not speaking ill of the dead, just using an example) becoming famous for no other reason than the culture of postmodern celebrity and it suddenly seemed that the ordinary skanger could access Gucci handbags and have their fake nails done and they too could open the door to the lifestyle of SUVs, expensive holidays and big houses, all to be paid for later....later...later.....
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?