Its not really about their exposure on that card though is it?
Its about the culture of giving credit to those that clearly shouldn't have it, or are clearly unable to manage it.
The knock on effect of their personal finances being affected by having yet another defaulted debt, will affect whatever else they are paying back. Therefore damaging other lenders debts.
We got to obsessed with buying now and paying later, and forgot that the later bit was 'later', not 'never'.
Posted By: megson on February 11th 2009 at 09:46:52
Message Thread
- HBoS Lending (General Chat) - KentonCanary, Feb 11, 08:40:27
- The frightening thing yesterday was that none of these guys had any banking qualification! (n/m) (General Chat) - Kirrie, Feb 11, 10:09:05
- what are these banking qualifications (General Chat) - Monty Peculiar, Feb 11, 10:33:09
- These (General Chat) - Bryan Salad Surgery, Feb 11, 22:32:19
- There aren't any - it's a dumb & irrelevant question (n/m) (General Chat) - BerlinCanary, Feb 11, 10:55:47
- Well there is one...................... (General Chat) - megson, Feb 11, 11:02:50
- what are these banking qualifications (General Chat) - Monty Peculiar, Feb 11, 10:33:09
- Paul Moore was on 5live yisty. (General Chat) - NCFC4life, Feb 11, 09:48:08
- Indeed. (n/m) (General Chat) - Buckscanary, Feb 11, 09:58:15
- Not really... (General Chat) - BerlinCanary, Feb 11, 09:03:39
- Its not really about their exposure on that card though is it? (General Chat) - megson, Feb 11, 09:46:52
- The frightening thing yesterday was that none of these guys had any banking qualification! (n/m) (General Chat) - Kirrie, Feb 11, 10:09:05
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