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  • Bank Customers

    Why do people not realize that if they get stupid with their credit cards/lines of credit, it is NOT our responsibility to help you. We try to help you if possible, but you need to take some responsibility for your own money.

    I recently called a guy who was carrying at 18,000 balance on a credit card at 19.5%. My bank will only consolidate if you have security (usually real estate or non registered investments). This guy was furious that we wouldn't help him out. I suggested, how about a mortgage refinance? He tells me he just did one nine months ago. I ask him why he dind't include the credit card. and i get "I did, it's just back up again" Ok, dude, if you're spending 2000 dollars a month MORE than you're making it's not my job to help you out. You're just going to be in the same situation in another nine months.

  • #2
    ouch, is he really working?

    I could only spend that much doing home improvement. (my siblings tell me I have a "rich" taste)
    I've lost my mind ages ago. If you find it, please hide it.

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    • #3
      That's... prety impressive. Of course, I only have two cards... one is my debit/credit card from my bank, the other is my Wal-Mart credit card that can ONLY be used at Wal-Mart and has a HUGE credit limit! ...of
      $100.00.

      So I think I'm safe for now. (:
      When life hands you a SC, hand them an additude.

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      • #4
        Sadly, this is the state of many in the US (not sure where you are). I blame the schools partially, but I also blame the parents. Let me elaborate:

        I blame the schools because so many of our children "graduate" without the necessary skills to survive real life. If you're ever in doubt, just ask someone to balance a checkbook. Most people will probably look at you something like .

        On the other hand, I place part of the blame on parents who do not instill value for anything. I can't necessarily fault parents for wanting to provide what they didn't have, but let's get real. (I'm going on the assumption that most people reading this will be somewhere around my age, 30.) Our great-grandparents suffered through a life where holding down a full-time job in a steel mill as a teenager was not uncommon. Our grandparents suffered through the Great Depression and some of the worst poverty the Western world has ever known. Our parents grew up poorer than we did, but as a whole didn't suffer from hunger, disease, or lack of education. Because of this, "improvement" over what our parents grew up with in many cases ends up being giving junior whatever they want, whenever they want it. I've noticed this trend seems to be getting worse as my generation starts raising their own children. This means that whole generations of people are growing up not realizing the difference between wants and needs, and that wants = money = hours of hard work. Couple that with parents who do not discipline their children or teach them any kind of responsibility for their actions, and you end up with people like the credit card spender there. In his own, little world, there are no consequences for his actions, because he wants it means he needs it, he must have it now because he needs it, and he is owed this need because he's always gotten what he wants. To me, this seems to be the reason why people seem to live above their means so much nowadays.

        Sadly, he'll probably end up bankrupt and living in a tiny apartment somewhere and still won't realize that he put himself in that situation. I only hope that this person has no children to make suffer or a wife to drag down into financial ruin with him...
        ...don't you know the first law of physics? "Anything that's fun costs at least $8.00."
        - Cartman

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        • #5
          Heh. Back when I was in high school, I took a course my senior year in Consumer Math. It covered your everyday math usage, including percentages/balancing a budget (we had a class project where we actually had to create a working home budget for a 3 month period).

          Can you guess how many students in this class already KNEW how to write a check or balance a checkbook? One.

          How many students in that class already knew how to do taxes? One.

          Who was this student? Me.

          How did I already know this? My stepdad, who had me right there at tax time to re-calculate the figures to make sure they were balancing out correctly.

          and my Mom, who I have seen write a million checks in her lifetime so far and actually took the time to show me how to balance a checkbook before I even had my first checking account.

          Some life skills aren't learned in school . . . they're learned at home.
          Human Resources - the adult version of "I'm telling Mom." - Agent Anthony "Tony" DiNozzo (NCIS)

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          • #6
            Oops, I meant to include teaching basic financial skills in with the parents' responsibilities, but I got off on a tangent.

            The sad thing about the schools is that people don't seem to be able to do simple math, more or less more complex things like balance a checkbook. Since parents seem to be shirking their responsibilities in that area, it seems like it would be better for society as a whole if those skills were taught in school.
            ...don't you know the first law of physics? "Anything that's fun costs at least $8.00."
            - Cartman

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            • #7
              Quoth phillippbo View Post
              Sadly, this is the state of many in the US (not sure where you are). I blame the schools partially, but I also blame the parents. Let me elaborate:
              Let me tack on one more: the banks. Now, I'm not trying to take any of the blame away from the parents. But in the same way that some schools don't teach much that helps directly with real life (my kid's school apparently has classes in "real life management", no clue how good they are), banks have some of the blame for cheering people on into deeper and deeper debt, with NO requirement of needing anything tangible to secure the loan.

              If I was doing much stock market investing, I'ld avoid banks. While they might be profitable now, they are seriously bad credit risks, and are going to be taking some bad hits whenever we see a full-blown recession.

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              • #8
                I can't understand how people CAN'T balance a checkbook. It's simple. You put money in the account. Write it down. Write a check or use your debit card? Write it down, and subtract. Lather, rinse, repeat.

                Maybe I'm just special that way...
                Unseen but seeing
                oh dear, now they're masquerading as sane-KiaKat
                There isn't enough interpretive dance in the workplace these days-Irv
                3rd shift needs love, too
                RIP, mo bhrionglóid

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                • #9
                  It is easy, it's just that so many people are used to wasting their money. I used to be like that, until I found out that I was going to NYC, I saved loads of money and haven't wasted it since.
                  The Grand Galactic Inquisitor hears all and sees all.

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