Why Has The Credit Dried Up?
We are always hearing in the media how the country is in debt and that many people are also in severe debt but most people think that they have their own debts under control.
My best friend had three or four credit cards and used them in a way that suggested he was a millionaire. He was what I call a reckless character; this is not meant as a form of criticism as there have been many a time when I have been jealous/envious of him; he is basically a person who purely lives for today. I was confused at how he could afford all of the things he bought as I was aware of how much he roughly earned. He was a well regarded business who sold external doors and he also offered a DVD authoring service.
He then shocked me further about three weeks later when he turned up at my house in a top of the range car. He told me he had taken out a car loan over three years to pay for it. Maybe it was just me but I could not believe his attitude to money and even tried to suggest that maybe he should be a bit more careful with his money.
He did not listen to me and could not understand why I was so careful with money and why I wanted to drive around in my old banger as he called it. I was no doubt just some stuttering freak to him.
He went on this huge spending spree for around three years. Suddenly as we all know credit dried up and he found himself in all sorts of trouble. This is when he decided to look for a debt specialist in the UK and it took him along time to get himself straight.
My friend has now sorted out the majority of his debt problems by going on a debt repayment plan; he is smiling once again.
Tags: attitude to money, careful with money, Debt, debt specialist, debt specialist in the UK