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Joined 1 year ago
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Cake day: July 22nd, 2023

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  • Indeed. But they want to make money, so they rise the interest rate to make even more money and cut losses on failed debt repayments.

    They solely exist to make money by extorting the people in debt. Who would have guessed?

    So? Never have debts.

    “Consumer” debts should ethically not exist as consumers just consume the money and are therefore not able to pay it back as it is not an “investment” debt, which has the chance to succeed.



  • About these unexpected costs:

    • medical insurance is a must, otherwise you are gambling and the chances to lose this bet are quite high.

    • funerals happen unexpected - when they actually absolutely do not. Everybody can be sure to die, so plan accordingly.

    • being “in deep credit card debt” is too late. One should never have swam out this far. Being “a tiny little bit in debt” should have the alarm bells blasting as financing is not self sustaining, “a tiny litte bit” is already much too late already because you’ve entered the spiral

    • student debts - well, not everybody has to study. If you can’t afford it reflect on it, if you really must. And if yes, seek alternatives like leaving the country tht is hell-bent to enslave you in debt if you want to study, find sponsors, arrange it with your expectations about a longer time horizon, etc. You are not able to pay for it? Do not do it! Seek solutions.


  • neonred@lemmy.worldtoMemes@lemmy.mlBankruptcy is lifesaving
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    10 months ago

    Filing for bankruptcy is offloading your responsibility to others who then have to pay with their money for your faults.

    It’s a cheap way out for people that do not act responsibly.

    Bankruptcy? Okay, but then lose all saying in your money spending because you just proved you can’t handle it yourself.