Wow just wow!

[C.Ann]

That doesn't mean I'm saying people who have debt are horrible.

------------------------

I agree.. There are people who have to use credit cards for a period of time for very good reasons - and then there are those who just use them willy nilly for a bunch of "wants" - because not handing over the actual cash at the time of the purchase somehow makes it seem less "real" to them..

I'm willing to bet that this past summer there were a lot of people who had to use their credit cards to put gas in their cars to get to work.. That's a "need" - not a "want" - and now that the price of gas is falling they may no longer have to do that..

 

[sahd2one]

On the same vain, those of us who have no debt should not feel guilty because we have no debt. It is not saying we are better than anyone else, it is just making a statement on how we choose to live our life.

 

[C.Ann]

On the same vain, those of us who have no debt should not feel guilty because we have no debt. It is not saying we are better than anyone else, it is just making a statement on how we choose to live our life.

-------------------

I'll agree with that too..

 

[sahd2one]

According to Experian, some $25 Billion of auto loans are past due. Look for record numbers of repos.

 

[rayelias]

For every 1 dollar owed on a credit card, there is 13 owed on a mortgage nationwide. I do not recall where that number came from though. (CNBC?)

There are different kinds of debt.

Mortgage debt can be good debt. Used to purchase an asset that has and retains value, and long term usually increases in value. It also, in most situations, is tax deductible.

Typically, CC debt is bad debt used to purchase liabilities and non-essentials, has a much higher cost, is rarely tax deductible, and typically, the goods purchased by CC decrease in value.

 

[disykat]

On the same vain, those of us who have no debt should not feel guilty because we have no debt. It is not saying we are better than anyone else, it is just making a statement on how we choose to live our life.

I still think we can go further and actually be PROUD of it!

It really bugs me that it is politically incorrect to be proud of something you have had success with because others haven't been able to have the same experience.

Being proud of something that has gone well for you doesn't mean that you don't realize others may have faced roadblocks which kept them from having the same success. It also doesn't mean you are condemning those who made other choices.

 

[C.Ann]

According to Experian, some $25 Billion of auto loans are past due. Look for record numbers of repos.

-------------------

I'm just curious.. Why is it that you have started one thread - reporting all of the massive debt that is going unpaid in this country - and then you start another thread - saying people are not having financial difficulties and life is rosy all over the country?

I am sincerely interested in why you have started two threads that contradict each other.. Maybe I'm missing your point..

 

[rparmfamily]

-------------------

I'm just curious.. Why is it that you have started one thread - reporting all of the massive debt that is going unpaid in this country - and then you start another thread - saying people are not having financial difficulties and life is rosy all over the country?

I am sincerely interested in why you have started two threads that contradict each other.. Maybe I'm missing your point..

I was just going to point this out. Maybe all those shoppers you're saying are proudly ignoring the in-your-mind-recession are using credit cards?

 

[Tink888]

I still think we can go further and actually be PROUD of it!

It really bugs me that it is politically incorrect to be proud of something you have had success with because others haven't been able to have the same experience.

Being proud of something that has gone well for you doesn't mean that you don't realize others may have faced roadblocks which kept them from having the same success. It also doesn't mean you are condemning those who made other choices.

ITA

We pay our credit card balance off every month. We've been fortunate in that there have been no serious medical issues but we've gone through job losses. I'm not judging or looking down on anyone else but I do take pride in my finances and my credit. It took a lot of hard work and self-discipline to get our credit that way. It's an accomplishment just like anything else.

 

[C.Ann]

-------------------

I'm just curious.. Why is it that you have started one thread - reporting all of the massive debt that is going unpaid in this country - and then you start another thread - saying people are not having financial difficulties and life is rosy all over the country?

I am sincerely interested in why you have started two threads that contradict each other.. Maybe I'm missing your point..

I was just going to point this out. Maybe all those shoppers you're saying are proudly ignoring the in-your-mind-recession are using credit cards?

-----------------------

Would really love to have an answer to our questions - and I'm surprised no one caught this sooner..

There's also a thread on the BB - dedicated to those who most of whom were very suddenly laid off - supporting one another.. I guess they don't live in one of the "recession-proof" areas of the country..

 

[C.Ann]

According to Experian, some $25 Billion of auto loans are past due. Look for record numbers of repos.

-----------------------

And what's with the "thumbs up" for this bit of unsettling news? Weren't you just saying "all is well" throughout the entire country?

 

[sahd2one]

I still think we can go further and actually be PROUD of it!

It really bugs me that it is politically incorrect to be proud of something you have had success with because others haven't been able to have the same experience.

Being proud of something that has gone well for you doesn't mean that you don't realize others may have faced roadblocks which kept them from having the same success. It also doesn't mean you are condemning those who made other choices.

Well you know we are not allowed to be proud because so many are suffering. Many are suffering by their own actions yet want to blame others.

I am proud to be debt free, but it amazes me that the media is not focusing on the coming tsunami of credit card debt. Those of us not participating will just ride it out as we always have.

 

[Nancy]

There is nothing wrong with being proud, just as there should be nothing to be ashamed if if you use credit cards and don't pay them off every month. There is a difference between using credit wisely and using it unwisely. Not everyone who doesn't pay off their balance every month is going to send this country to hell in a hand basket.

But you also need to realize that not everything is all hunky dory all over the country and some might see those "proud" posts as bragging and looking down at those that are not in the same position. Just because your little corner of the world is good (and so is mine for the record) not everyone is in the same position. I talk to people everyday who have lost their jobs so they no longer have their health insurance. Some are panicking because they have kids and need their insurance. It has gotten worse in the last month or so. We can only listen and then let them know what is available for them..but it is hard. The ones that start to cry are the ones that get to me the most, my heart breaks for them.

 

[C.Ann]

I am proud to be debt free, but it amazes me that the media is not focusing on the coming tsunami of credit card debt. Those of us not participating will just ride it out as we always have.

--------------------

I'm debt free too - yet I can't quite grasp why that would be a reason for me - or anyone else - to giggle with glee over credit card debt; auto repo's; etc..

And I'm totally confused - considering you keep insisting that there "aren't" any problems with the economy - anywhere..

I'm actually beginning to think that both threads regarding these matters are a farce..

 

[rparmfamily]

--------------------

I'm debt free too - yet I can't quite grasp why that would be a reason for me - or anyone else - to giggle with glee over credit card debt; auto repo's; etc..

And I'm totally confused - considering you keep insisting that there "aren't" any problems with the economy - anywhere..

I'm actually beginning to think that both threads regarding these matters are a farce..

I think Sahd2one is just trolling...making controversial threads just because they can.

 

[C.Ann]

I think Sahd2one is just trolling...making controversial threads just because they can.

------------------------

Hmmmm...

 

[sahd2one]

There is nothing wrong with being proud, just as there should be nothing to be ashamed if if you use credit cards and don't pay them off every month. There is a difference between using credit wisely and using it unwisely. Not everyone who doesn't pay off their balance every month is going to send this country to hell in a hand basket.

Ah but no one said they were. Just posting information and news.

 

[HumanLegs]

Y'know I don't have a single credit card, just a debit that takes funds out of my bank account. I pay for what I can afford and if I can't I don't buy it. Works out well for me.

 

[sahd2one]

Y'know I don't have a single credit card, just a debit that takes funds out of my bank account. I pay for what I can afford and if I can't I don't buy it. Works out well for me.