Why is it that people don't know that servicing debt can be a problem in more than one way.?
479948
On the other hand, having a little bit of national debt can be a good thing, because it allows the treasury to sell bonds on the debt, which is an important tool for monetary policy and allows the government to mitigate inflation.\n\nLots of debt is definitely a problem, though.  My theory on why people don't understand things like this (or act like they do) comes down to a combination of laziness, stupidity, and selfishness -- the unholy trinity of human failure.
651426
Because they are all after one thing and one thing only, your money. Once they have your money they could give a shit less about your service. You are better off trying to figure it out yourself then trying to get them dumb asses to do it. Service in this country sucks big time. They are all money hungry!!!
229645
Well it could be for any number of reasons.  One is that they themselves could be suffering and they don't want others to suffer.  Another is that they could be in need for the money involved here.
1157375
That's too general of a question.  If you've been responsibly paying your debts and have responsibly consolidated to reduce the interest you pay, it's different from the kind of consolidation done in response to credit problems.\n\nWebsites aren't going to be able to answer that question.
224984
Some people migt not be able to afford it, or have to work to support their family.  Others might even have kids of their own.  You never know.
1146050
The more comfortably well off you are financially, the less you have to worry about paying off bills...... such as a big electric bill..... or perhaps your car suddenly needs the head gasket replacing, or the brakes overhauling...... and you don't have to worry as much about your bank screwing you with a £28 after being put overdrawn by a direct debit (or the bank fining you after they put you overdrawn by fining you).
408223
There is nothing wrong with having a national debt. That is a very common misnomer. The national debt is simply the acculation of outstanding savings bonds that are purchased, primarily by us (the American public). You go buy a bond, and the government owes you the money back. It is just a paper transfer, not a sunk cost. A surplus would only mean that these have been paid off. That isn't NECESSARILY the optimal condition.
408179
They are looking to see if you have too much outstanding debt.  If you do, you could be more likely to embezzle than someone who is financially sound.  They are also looking to see if you are going to be costly to them in that you might have your wages garnished or have court appointments to attend.
80442
This is the same way it happens to a lot of people. It's just the way it happens I guess. But I so it is good to have the extra money than to find yourself in a situation where you cannot afford to pay for what ever happens. I'm thankful everytime I have the money to pay for something major that happens.
46411
Certainly people should understand that others can not afford decent insurance. Some hospitals offer programs that you can sighn up for. Most programs may go by a sliding scale fee, others just ask for a payment plan to be followed.
500190
B/c it's apart of International Politics. You must understand that there is no such thing as debt. Money is a substance regulated by people who also spend.\n\nI don't lose sleep at night.\n\nHere's a suggestion, let's stop giving other countried money and collect the debt owed to us, oh, and take out China - fincially.
528413
Firstly, let me correct your spelling. \nAustralians, and that includes me, are known as AUSSIES.\nSecondly, debt is a global problem.\nLastly, if there is an answer to the problem I for one would be interested to know how it would work and where I could find out more.
60769
The best way I have found is to reason with the person.  Show them that by not paying their debt it reflects on their character and integrity with you and others.  There is no telling how many people you will tell about this incident.  We as collectors can be worse then a credit reporting agency.  If the person if not a friend then try the courts or reason with phone calls and again tell them how this affects their business, their character and their standing in the community.  don't be afraid to stand up about what is right.
667541
It is important for people who come into some financial difficulties. Like me I had a son and I could pay my rent, I didn't have money for food. So I went to public assistance. The gave me money $109 a month. Paid for my childcare while I went out and looked for a job. Put me in a program so that I could find a job. Paid a portion of my rent,gave me food stamps. And gave me six months of carfare when I started working. I was on public assistance for one month. And it helped me out alot. I also worked before so I had a right to apply for public assistance and the taxes that they take out of our checks help keeping welfare going. But to our dismay there are alot of peope who scam and make welfare seem like a bad thing and its not. Its there to help you get on your feet. but yet there are alot of people who use welfare as way to live.And its not right. And that makes me mad because there are people out there that really need help and get denied the help that they need.
1070182
Supply side economics is not good for the people and yet people are selling it as good for the economy which is isn't, it has never worked, it has always resulted in a recession and yet it comes back to haunt us. Deficit spending is not good for people and it is death to the economy so to some up, No what is good for the economy should be good for the people also.
1127247
A combination of many factors. To start, marketing is one of the main reasons for personal debt because several companies market their products in a way that is irresistable to customers (e.g., no money down, no interest for 12 months). In addition, as customers we are constantly demanding more, therefore, companies respond by selling us more of what we want. So if you really try to look into the problem objectively, you have no one to blame but yourself. Nobody forced you to buy on credit, to "want" things you don't really "need", to compare yourself to your neighbors. You have to take responsibility for your own actions. It's always easier to find someone else to blame it makes us all feel better. It's harder to admit that we are responsible adults who must get used to making responsible decisions. Next time you get a credit card offer, shredd it. Next time you go shopping for something, ask yourself "do I really need that? Can I live without it? Can I afford it?" then make your decision after you answer those questions. I hope my answer was somewhat helpful. Good luck!
770728
Budget deficits are only good when\n(a) there is no risk of inflationary pressure\n(b) the country is in recession\n(c) whatever is loaned is spent on increasing productivity.\n\nWhile fiscal discipline is worth striving for, it would be problematic if low interest rates result in a blow-out in consumer borrowing.