Quote:
Originally Posted by maviczap
There are plenty of stupid people out there who will go down this route, but then they're the type to buy everything on their credit cards in the first place. Buy now, think about paying for it later
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Not everybody in debt is stupid!! I never set out to be bringing up 3 children on state benefits, but unfortunately thats where i find myself.
The father of my kids earns a good wage but is too selfish to pay up any decent monthly amount for them and if i force the issue the government will just reduce what they pay me accordingly anyway. So i am totally reliant upon state benefits.
Out of the money paid to me for the children i have to find £200 a month on top of my housing benefit just to pay the rent, leaving barely enough for the bills. So what am i supposed to do, i have no credit cards, my overdraft is maxxed out, i have outstanding debts from my marriage and 3 growing kids.
As an example, my daughter needs new school trousers and school shoes to go back to school next week, she hasnt mistreated those she had, but she just keeps growing. Having already borrowed money to feed them this week (which i need to repay next month leaving next months budget tight before ive even got there) my only method of sourcing these was a store card. Now i consider myself an intelligent, responsible adult, but find myself in an impossible position.
The first thing i do every morning is log into my bank account to check activity and i have software i use to budget 3 months in advance, i have become a master at juggling money, i know when every penny is coming in, and when it will be going out.
Unfortunately there are too many people in my situation and i can see that for some, these debt companies may be of help. I am trying my best to remain in contact with those i owe and have set up repayment plans direct with them as i am determined to keep a good credit rating, on the off chance that one day i just might be in a position to apply for a mortgage myself. Unfortunately thats not in the foreseeable future as the government offer me very little incentive to return to work. I am in a difficult situation, it is a constant battle to keep my head above water and sometimes i need to get involved with creditors, this does not make me a stupid person and if one day i decide that one of these companies may be able to improve my monthly financial situation to free up valuable cash for the kids then i may need to use one, but it will be a responsible, well researched decision and not one made out of stupidity.
Sorry for the rant, this is a particularly touchy subject for me at the moment
