Comments on: Another Pointless Credit Sob Story – I’ve Stopped Caring http://toughmoneylove.com/2008/10/26/another-pointless-credit-sob-story-%e2%80%93-i%e2%80%99ve-stopped-caring/ The Hard Truth about Money and Personal Finance Sat, 13 Mar 2010 04:10:12 +0000 http://wordpress.org/?v=2.9 hourly 1 By: 09allin http://toughmoneylove.com/2008/10/26/another-pointless-credit-sob-story-%e2%80%93-i%e2%80%99ve-stopped-caring/comment-page-1/#comment-4109 09allin Sat, 25 Apr 2009 20:00:57 +0000 http://toughmoneylove.com/?p=143#comment-4109 I agree. Last week I heard of a lawyer giving the advice to people who just bought a house, without selling their presnt one, to just walk away from the previous obligation. The comment was made that this is "the best time" to do something like that as everyone will understand that you are a good person caught in a bad situation? The people bought the new house and took out a line of credit (maxed it out) to rennovate. Now they have two homes and are seriously considering walking away from the first one. I think that easy credit, instant gratification, and having it all have become, in some instances, considered as "our due". Now the legal profession is weighing in and advising people to be inrresponsible. I do not see that behavior as a way out of the financial mess in this country. I agree. Last week I heard of a lawyer giving the advice to people who just bought a house, without selling their presnt one, to just walk away from the previous obligation. The comment was made that this is “the best time” to do something like that as everyone will understand that you are a good person caught in a bad situation? The people bought the new house and took out a line of credit (maxed it out) to rennovate. Now they have two homes and are seriously considering walking away from the first one. I think that easy credit, instant gratification, and having it all have become, in some instances, considered as “our due”. Now the legal profession is weighing in and advising people to be inrresponsible. I do not see that behavior as a way out of the financial mess in this country.

]]> By: Mr. ToughMoneyLove http://toughmoneylove.com/2008/10/26/another-pointless-credit-sob-story-%e2%80%93-i%e2%80%99ve-stopped-caring/comment-page-1/#comment-1378 Mr. ToughMoneyLove Wed, 26 Nov 2008 15:46:38 +0000 http://toughmoneylove.com/?p=143#comment-1378 Elizabeth: Exactly - those are the folks even a tightwad me wants to see helped. Elizabeth: Exactly – those are the folks even a tightwad me wants to see helped.

]]> By: Elizabeth http://toughmoneylove.com/2008/10/26/another-pointless-credit-sob-story-%e2%80%93-i%e2%80%99ve-stopped-caring/comment-page-1/#comment-1377 Elizabeth Wed, 26 Nov 2008 15:39:09 +0000 http://toughmoneylove.com/?p=143#comment-1377 If they want a human interest story on the financial crisis, find a family devastated by medical bills, or someone whose house got destroyed by a natural disaster and their insurance company is screwing them, or a single parent whose company outsourced her job to China. There's a lot of people out there who really did "do the right thing" and now they're struggling. Living beyond your means is not doing the right thing. If they want a human interest story on the financial crisis, find a family devastated by medical bills, or someone whose house got destroyed by a natural disaster and their insurance company is screwing them, or a single parent whose company outsourced her job to China.

There’s a lot of people out there who really did “do the right thing” and now they’re struggling. Living beyond your means is not doing the right thing.

]]> By: Mr. ToughMoneyLove http://toughmoneylove.com/2008/10/26/another-pointless-credit-sob-story-%e2%80%93-i%e2%80%99ve-stopped-caring/comment-page-1/#comment-1217 Mr. ToughMoneyLove Mon, 17 Nov 2008 01:41:42 +0000 http://toughmoneylove.com/?p=143#comment-1217 Beth - By no means do defend the credit industry. In fact, I can't find anything to like about it. On the other hand, if you ask Congress to start legislating to protect consumers from their own financial carelessness, where does it end? Beth – By no means do defend the credit industry. In fact, I can’t find anything to like about it. On the other hand, if you ask Congress to start legislating to protect consumers from their own financial carelessness, where does it end?

]]> By: Beth http://toughmoneylove.com/2008/10/26/another-pointless-credit-sob-story-%e2%80%93-i%e2%80%99ve-stopped-caring/comment-page-1/#comment-1200 Beth Sat, 15 Nov 2008 03:16:29 +0000 http://toughmoneylove.com/?p=143#comment-1200 As much as I enjoy reading much of the stuff, I've been turned off by the sanctimony so often found in the money blogging world. I find it incredibly odd that some who write on these sites have drunk the koolaid of the credit industry shysters. There's nothing defensible about the credit company practices described in the article. One can only hope that Congress will rein in the abuses with long overdue consumer protection legislation. As much as I enjoy reading much of the stuff, I’ve been turned off by the sanctimony so often found in the money blogging world. I find it incredibly odd that some who write on these sites have drunk the koolaid of the credit industry shysters. There’s nothing defensible about the credit company practices described in the article. One can only hope that Congress will rein in the abuses with long overdue consumer protection legislation.

]]> By: Mr. ToughMoneyLove http://toughmoneylove.com/2008/10/26/another-pointless-credit-sob-story-%e2%80%93-i%e2%80%99ve-stopped-caring/comment-page-1/#comment-1025 Mr. ToughMoneyLove Mon, 03 Nov 2008 21:42:41 +0000 http://toughmoneylove.com/?p=143#comment-1025 Mary: I'm guessing that the media believes that many of their readers have adopted a "victim" mentality, so putting a victim slant on the news sells papers. Mary:

I’m guessing that the media believes that many of their readers have adopted a “victim” mentality, so putting a victim slant on the news sells papers.

]]> By: Mary@SimplyForties http://toughmoneylove.com/2008/10/26/another-pointless-credit-sob-story-%e2%80%93-i%e2%80%99ve-stopped-caring/comment-page-1/#comment-1024 Mary@SimplyForties Mon, 03 Nov 2008 21:37:43 +0000 http://toughmoneylove.com/?p=143#comment-1024 Wow, if he's crying about a $100 increase in his monthly nut, he really is living close to the line. Every paper is looking for a personal story on the current economic crises. I think most of them are not looking to hard for a subject. Wow, if he’s crying about a $100 increase in his monthly nut, he really is living close to the line. Every paper is looking for a personal story on the current economic crises. I think most of them are not looking to hard for a subject.

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