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‘I’m 29 and I’m in £60k of credit card debt…’

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    ‘I’m 29 and I’m in £60k of credit card debt…’

    "Liam*, 29

    I was 24 when I got my first job in finance and I was desperate to fit in. My colleagues wore expensive suits and seemed to have endless funds for weekends away and posh dinners out. It was nothing like the charity sector where I’d started my career - where wages are low but people really care about the work. This was the opposite - a really laddy, competitive environment, and suddenly I was surrounded by people who’d obviously come from family wealth.

    I worked in sales, and there was a lot of pressure to socialise and get to know other people in the industry. Before long, I was going out four nights a week, and the bars near the office were far from cheap. Sometimes, I could expense these evenings, but often I couldn’t. I’d head to the bar to buy a round of drinks for my colleagues and I'd sweat as I waited to see if my credit card would be approved. I couldn’t think of anything more humiliating than admitting that I couldn’t afford to pay my own way."

    Source: ‘I’m 29 and I’m in GBP60k of credit card debt…’ - BBC Three


    #2
    Hyperinflation will wipe that out.

    Comment


      #3
      Four nights a week ? What a f**kin' pussy.
      When freedom comes along, don't PISH in the water supply.....

      Comment


        #4
        Originally posted by Old Greg View Post
        Hyperinflation will wipe that out.
        Not these days - Each time western economies try and stoke up a bit of righteous inflation, the Chinese and Indians go on a commodities buying spree and suppress it!
        Work in the public sector? Read the IR35 FAQ here

        Comment


          #5
          So he spent £60k of debt keeping up appearances and caring what people he probably didn't even like thought of him.

          Did he learn a lesson from it? Are we supposed to feel sorry for him?
          "Is someone you don't like allowed to say something you don't like? If that is the case then we have free speech."- Elon Musk

          Comment


            #6
            Originally posted by Old Greg View Post
            Hyperinflation will wipe that out.
            We can hope.

            Comment


              #7
              He could declare bankruptcy to lose the debt. But as he works in finance would this perhaps lead to him getting fired?

              Comment


                #8
                Originally posted by GJABS View Post
                He could declare bankruptcy to lose the debt. But as he works in finance would this perhaps lead to him getting fired?
                Why getting into so much debt does not get him fired? Clearly shows lack of judgement

                Comment


                  #9
                  Originally posted by AtW View Post
                  Why getting into so much debt does not get him fired? Clearly shows lack of judgement
                  He works for a bank I thought this sort of behaviour lead to promotion?

                  [emoji849]

                  Comment


                    #10
                    Originally posted by Jog On View Post
                    So he spent £60k of debt keeping up appearances and caring what people he probably didn't even like thought of him.

                    Did he learn a lesson from it? Are we supposed to feel sorry for him?

                    so basically the same as a divorce?
                    Always forgive your enemies; nothing annoys them so much.

                    Comment

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