Another interesting Telly programme

[BlasterBates]

Reposession, Reposession, Reposession tonight on ITV.

Look forward to reports on this one.



I suppose I'll just have to watch yet another documentary on Swiss farmers.

[Pinto]

Nothing like a bit of Schadenfraude to brighten up the winter nights.

[miffy]

SKY+ is ready to roll.

22:35 for those interested.

Doomed.

[PAH]

You can always count on the media to hype up a situation till the sheep bleet to their tune.

Next you'll have the public whinging about how much debt they were allowed to get themselves into. It is after all a nanny state. So not their fault.

[MrRobin]

I watched this. Laughed at all the people blaming the government for being £xxk in debt FFS that's like saying Ford is to blame for that Focus hitting me whilst I stood in the middle of the road.

That guy with £1M in loans and mortgages and only an income to pay the interest on half of it... Oh dear™

[PAH]

That guy with £1M in loans and mortgages and only an income to pay the interest on half of it... Oh dear™

I bet Yorkshire Bank were watching it with interest, and are calling in the loans as we speak.

[Ardesco]

I watched this. Laughed at all the people blaming the government for being £xxk in debt FFS that's like saying Ford is to blame for that Focus hitting me whilst I stood in the middle of the road.

That guy with £1M in loans and mortgages and only an income to pay the interest on half of it... Oh dear™

I would say that the government do have a portion of blame to take. They have encouraged the debt lifestyle quite a bit. They got rid of grants and pushed out student loans instead meaning most students will have at least £10,000 debt when they leave uni. These people are going to be used to being thousands of pounds in debt so they probably won't think too much about it. They have also put things like plasma TV's in their list of things that everybody needs to have to live when calculating inflation (does anybody really need a plasma screen TV?? No). Finally look at how much debt the government has currently got itself into...

This being said you can't just blame the government, they may have made it easy and helped encourage it but at the end of the day if you go out and get yourself into £1million worth of debt it is your fault. That guy is going to get a nasty shock when they pull back everything and repossess his house and car this year. The banks are getting worried now and starting to call in the debts and he is royally ****ed. Seeing his attitude on the program yesterday I can't say that I feel the slightest bit sorry for him, he deserves everything he's going to get.

[MrRobin]

I don't really understand the connection between introducing student loans and encouraging people to then go and borrow more money at a much higher rate, and with different payment terms. Plus, it was low interest rates set by the BoE that had more of an effect on people thinking they could afford lots of credit.

Personally, when I graduated with c£12k student loan debt I didn't think "I know, lets get more, because that's what I'm used to now!" I think it is the individual's responsibilty to work out that if they have x coming in each month, and a,b & c going out each month with d left over, are the repayments on a loan bigger than d? If yes, then don't get the loan.

[Dow Jones]

Tell me something I don't know

What a waste of time (to watch) and money (to make it)!
I thought they were going to provide us with some figures to back their doom and gloom, but all we saw was the unfortunate couple that lost their house (not the smartest people you may ever see), the former students complaining about the student loans and the yuppie guy that kept horses and borrowed loads to keep up with his lifestyle. That was it, unless I missed something. You might as well had AtW presenting it, what an irresponsible piece of tulipe journalism.

[Platypus]

That guy is going to get a nasty shock when they pull back everything and repossess his house and car this year.

Not as nasty a shock as the banks will get when the bloke goes bankrupt.

Serves 'em right. They lend money indiscriminately then whinge when folks can't pay it back.