Debt culture 'seduces' pensioners

[TheMonkey]

It should be going down by the amount I've paid back. I've paid off 10k on two of my cards now.

[_V_]

http://www.creditaction.org.uk/

NB: the last entry is to July only - wait until Dec result is published. Notice the debt rate increase over the last 6 years?

Notice how secured lending has risen compared to other lending.

It just shows massively rising house prices (i.e people taking on huge mortgages).

Since house prices will only ever rise, this is nothing to worry about.

HTH

[Andyw]

Funny how it's trebled since labour got into power !

[hyperD]

http://www.creditaction.org.uk/

NB: the last entry is to July only - wait until Dec result is published. Notice the debt rate increase over the last 6 years?

[expat]

From the BBC

So, do you intend that the last cheque you write will bounce?

To the undertaker?

[kramer]

in 30 years time i bet my attitude to a lot of things will have changed. I will add this topic to my favourites and get back to you then...

[Pondlife]

Exactly. So do people intend doing similar and spending all their worldly goods, living life to the full in their twilight years or will people always keep some reserves because you don't know how long you'll last?

[Andyw]

Coz they will die before the debt collectos start knocking !

[Pondlife]

One in four pensioners are borrowing money without any plan to pay it back, a survey from advisers Sesame suggests.

From the BBC

So, do you intend that the last cheque you write will bounce? Or will you always have something for a rainy day?