Comments on: How did personal debt get out of control?

By: MoneySpendingExpert

MoneySpendingExpert — Wed, 26 Nov 2008 22:18:46 +0000

Hi,
I am also in a similar situation. I am 33 and I think our generation particularly suffered as we had no training in that banks are businesses trying to get our custom and therefore our money. I have just started a blog http://moneyspendingexpert.wordpress.com and would love people to suggest ideas for how to get out of debt holes or even just to follow my situation.
Thanks.

By: Andy

Andy — Thu, 10 Jan 2008 16:05:53 +0000

We have set up a similar blog to try and educate people on how to aviod getting into debt or to manage their debt themselves. Please take a look at our Fresh Finance Blog

By: jim bob steve

jim bob steve — Wed, 05 Dec 2007 15:39:09 +0000

i agree!!!

By: Nelson Smith

Nelson Smith — Sat, 03 Nov 2007 21:59:38 +0000

The biggest problem people face is lack of financial education. It is the one thing that isn’t taught in our schools. This has lead to people getting into financial difficulties. At http://debitconsolidation1.com we offer advice and information on all aspects of debt related issues.

By: Tony

Tony — Thu, 12 Jul 2007 11:24:17 +0000

there are just far too many ways to get credit these days. When I left school some 20 years ago I had much more trouble getting a loan or credit card. These days if you apply for a credit card the credit limit is about £3000. It is far too easy to spend now and worry later and with the zero percent offers there is a false sense of security from interest charges but once they have built up a big debt and the offer expires the interst is around £30 per month which means that the debt gets carried on much longer.
Best advice is leave credit cards well alone or tart between cards to at least keep the interest charges at zero percent.

My website gives more advice on ways to get out of debt:

Debt Advice