I was watching a show where a women was going through a 6 year debt management program to payoff $52,000.00 of debt. During this 6 year period she can't get credit, then she has to go through a 3 year credit rebuilding course.
The bank that is taking her through this 9 years of hell just rec's 50 billion in bailouts for their blunders in handling credit matters. Plus, the top brass handed out bonuses for doing such a stellar job. We have two standards, one for the average person and another for business.
Do you think this is hypocrisy or what?
On the one hand, yes.
On the other, if she was too stupid to file bankruptcy…
Then again, was she compensated for her show appearance…?
In general though, yep; I agree with you.
The show was Clarke Howard Call In.
I agree, bankruptcy is a tool provided in this capitalistic system. But the banks, that use these and many other tools, lay a guilt trip on us while they do what they want. The difference is the banks have the control and make the rules.
It sure smells like hypocrisy to me...
sometimes it is impossible to claim bankruptcy. There are instances when your only choice is to go through a debt rebuilding program. and I wouldn't call it hell, i would call it a hell of a lesson. just my opinion though.
Meanwhile, I'm going to check out your auto repairs hub.
Bankruptcy isn't the only solution. Most people don't know that they can use debt dispute as a way to deal with debt. A consumer defense attorney should be able to answer your questions about this.
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