If people can't pay the debt, they just can't pay the debt

United States
August 20, 2010 12:03am CST
I heard so many stories about people can't pay their debt currently, and I understand that majority of them are not lying. They just don't have income momentarily to handle their debt payment like credit cards; personal loan; or mortgage etc..... It was not they don't want to honor their debt, they just don't have money to pay for it. On the other hand, the bank and the collection agency also have to do their jobs too, but it will be dilemma too. No matter how hard to try to push, or any tactic they attempted to use, if people couldn't get the money to pay their debt, they just can't pay for it. They just have to be patient.
1 person likes this
7 responses
• India
20 Aug 10
GAMES Games is an interesting time passing work. Yes, I talked about internet games. They are very interesting. We can play online for free. If not, we can download and play. Most of the games are free. Some may be payable. But you should be aware of viruses. Yes, they can enter into your system and spoil everything. so, play carefully and enjoy life. Bye.
• United States
20 Aug 10
sir, do you actually read my discussion, or you simply lost here?
• China
20 Aug 10
yes ,not they don't want to pay ,but they haven't earning to pay ,this is difference. only less people don't pay the debt deliberately, but most people are honest ,if they have enough money to pay the debt or somethings else ,why they not to pay ,is it good when they are just dragged into black list by banks ,also affect their credits ,the answer is no ,no one wants to be like this.. just as say ,more communication is needed between the bank and customer
• United States
20 Aug 10
That is a truth. People would pay if they have actual earning. They won't just evade that responsibility. If they don't have money to pay, they just don't have money to pay.
• Philippines
20 Aug 10
I'm in this situation now. It really takes a lot of explanation for the banks and collector to understand and grasp your situation. They would make you promise payment of this amount on this day even if you repeatedly say that you can't give that amount on that day. And when that day comes, they became angry at you for not paying like you haven't told them that you can't. It's like you love having debt and won't pay them the minute you can afford to. I know it's their job and it's my obligation to pay, but in the current situation, what can I do? It's difficult to budget even for the basic needs. How do they expect you pay? Loan some more and be even more in debt? It's really frustrating when they're yelling at you.
• United States
20 Aug 10
Understandable in your situation. Just like everyone else. It is not like you don't want to honor that debt per se. You just don't have money to pay for it. You just can't pay, you can't pay. It might be just their routine, and training to yell at people when people coming short on their payment I guess. What do they want eventually? scaring tactics will apply soon?
@juggerogre (1659)
• Philippines
21 Aug 10
I think you have a point. That's the problem when we are in debt and suddenly we found out that we no longer have a job. I also feel sorry for the collectors but there is nothing they can do if the debtor has not money to pay the debt. You're right. They should just wait. But for the one who has debts make sure they pay it as soon as they have the money to pay.
@BigTips (305)
• China
20 Aug 10
Yes, it is an unarguable fact for them to pay the debt because they need to use their cash to make a living, support their family, or pay for the further education, etc. However, this situation is becoming worse and worse day by day. With the downturn of the economics around the world, more and more lose their jobs and their income source. As a result, they almost lose the ability of continuing their daily life, not to mention the debt. They can do nothing but to wait for a better economic situation.
@deve_annrn (1857)
• Philippines
20 Aug 10
yes i believe in this.. if i have a debt on someone.., i make sure that i'll do my best to pay it on time.., but if resources are really getting scarce.. i have no choice but to declare hat i cannot pay it yet.., i wouldn't lie over something..we all know how.., how recession has affected everyone..,=(
@maean_19 (4663)
• Philippines
20 Aug 10
That is happening here in the Philippines. Too many are indebted from banks, credit card companies, personal debts. Unfortunately, these debts are not actually paid because of accumulated interests. Worse, people who have debts keep on letting themselves to be on debt over and over. I knew someone who borrows money to pay her debts not realizing that she has another debt to pay for the money borrowed. Worst, she will avoid or think of mechanisms or schemes to escape from her debt until such time that she could no longer pay even a cent. She ran away with her debts and just waiting for the lender to forget her debt. I hate those kind of people.