tag:blogger.com,1999:blog-2948538160252327076.post2604874590838390861..comments2023-11-02T15:48:50.381+00:00Comments on UK Bubble UK Economy: No crunching credit card debtAlice Cookhttp://www.blogger.com/profile/05753570123987780947noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-2948538160252327076.post-91320382913632270142008-10-14T15:46:00.000+01:002008-10-14T15:46:00.000+01:00Each American these days has a few hundreds of dol...Each American these days has a few hundreds of dollars debt with his credit cards. And still banks keep on issuing them. Sometimes credit cards cause serious financial troubles for the card holders since many companies issue them to get money and then disappear. On this great site www.pissedconsumer.com you will find customers’ reports about different <A HREF="http://www.creditcard-complaints.com" REL="nofollow">Credit Cards</A> frauds.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-1397447586825790342008-10-13T19:25:00.000+01:002008-10-13T19:25:00.000+01:00Looking at the graph, its very much flat. I guess ...Looking at the graph, its very much flat. I guess this is because:<BR/>a) On the whole people cant afford to pay off their balances<BR/>b) People arent allowed to add much more.<BR/>Credit cards are used by the people that need them most. And in this time of financial need, this isnt going to get better.<BR/><BR/>AndyBudgie Inspacehttps://www.blogger.com/profile/07445463766570325294noreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-87924581054129359762008-10-13T05:43:00.000+01:002008-10-13T05:43:00.000+01:00I think the dates on your graph may be moved ahead...I think the dates on your graph may be moved ahead by 1 year...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-56485215077045772172008-10-12T22:04:00.000+01:002008-10-12T22:04:00.000+01:00I did not know you had a crystal ball Alice! You ...I did not know you had a crystal ball Alice! You generated statistics already for next year in the graph. In Aug 2008 the balance was 65 billion.mikehttps://www.blogger.com/profile/05772374031938763566noreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-82870290258504058282008-10-12T21:46:00.000+01:002008-10-12T21:46:00.000+01:00Perhaps with 'real world' inflation (as opposed to...Perhaps with 'real world' inflation (as opposed to the 'official' inflation figures), people are finding it hard to pay for things out of their current account and so are (either reluctantly or quite willingly) resorting to use their cards for more and more spending?<BR/><BR/>Is it perhaps the case that people haven't fully woken up to the fact that living beyond your means and/or living a decadent lifestyle is no longer feasible? Maybe only with unemployment, will reality sink in? I don't say this with any glee or smug satisfaction - it saddens me that so many people have got carried away with materialism and will face a reckoning over the next few years.<BR/><BR/>Myself? I was stupid but wised up and am now doing anything and everythign to pay down my debts and live within my means. It's not easy, particularly living in London, but I just can't wait to have the burden of personal debt off my back.<BR/><BR/>PS fantastic blog by the way - you're doing a great service!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-44904667711247733442008-10-12T21:01:00.000+01:002008-10-12T21:01:00.000+01:00And yet one of my cards gave me interest-free debt...And yet one of my cards gave me interest-free debt for March-September this year; so for the first time ever, I didn't pay it all off every month. Very mysterious.Anonymousnoreply@blogger.com