What are you suggesting they do (which does not give their competition a competitive advantage)?
One of the reasons these people have low income i.e. poor jobs could be because they dont have much common sense.
These people are generally very quick in asking for increases in limits. They regard the limit as a target and once they reach it, they need a higher target. I dont think it ever occurs to them that they have to pay it all back some day.
I would agree that a lot of these people are very unhappy - wouldnt you be if you were stuck in a low paid dead end job with no prospects. These people have very little to look forward to in their day to day lives.
One behaviour that I've noticed is that low income people live in 2 x 6 month cycles. They spend 6 months of the year preparing for and talking about their summer holiday - usually some cheap resort in Spain etc. and the other 6 months of the year preparing for and talking about Christmas. Their lives are so bad that all they have to look forward to is these two annual events. They are the types who book their holidays in January and start chrismas shopping in September. They spend 6 months of the year in "holiday clubs" and the other 6 months in "christmas clubs".
Appalling snobbery.......Generally people in 'clubs' are actually planners and savers. They save to be able to afford the nice things in life like a nice holiday and a good Christmas......I have to say that if your income is on the low side and you join a 'club' to save, that would make you one of those WITH common sense.....
One of the reasons these people have low income i.e. poor jobs could be because they dont have much common sense.
Yours is the most ridiculous and snobbish statement I have heard for a long time.
How does that phrase go? "a fool and their money ..."Which is not to say "evil banks", but rather ...easy money
While I do agree people in Ireland are way too fond of credit the Irish economy is in a pretty strong position, our gpd growth has been phenomenal and the job market is still pretty strong.I've been out of Ireland for quite a few years and here's what I've noticed. One of the biggest changes was all these teenagers driving brand new shiny cars. New houses with top of the range kitchens and furniture and white goods as a right not a thing to earn or save for. I had been wondering how everybody was able to afford it until I joined AAM and discovered everyone (lot of people) is buying everything on credit. ..
How do you go into a furniture shop by accident?
This is a gross and inaccurate generalisation.I had been wondering how everybody was able to afford it until I joined AAM and discovered everyone (lot of people) is buying everything on credit.
As an slight antidote to this diatribe:People seem to be rolling over the debt again and again (consolidating) but an end will come. One day there will be no equity left.
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