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Non-Cattle Specific Topics
Every Thing Else Board
Wants vs. Needs and Deep in Debt
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<blockquote data-quote="I luv herfrds" data-source="post: 599304" data-attributes="member: 5917"><p>I agree CB too many people are placing the blame everywhere else except for where it belongs, on themselves.</p><p></p><p>What is really scarey is some of these loans in which they are just paying the interest and NOT the principle, at the end of that time they have a balloon payment for the principle, but cannot afford it because all of their money is paying for other junk they don't need.</p><p>Talked to a friend last night about this same thing. She had looked into purchasing a piece of property. Found out she would be paying on the loan til she was 94 years old. It would be a loan just where she would be paying interest only. She walked away after telling the banker they were crazy.</p><p>Too many of these people just didn't look at the whole picture and now must pay the piper.</p><p></p><p>Why should I have to pay for their mistakes?</p></blockquote><p></p>
[QUOTE="I luv herfrds, post: 599304, member: 5917"] I agree CB too many people are placing the blame everywhere else except for where it belongs, on themselves. What is really scarey is some of these loans in which they are just paying the interest and NOT the principle, at the end of that time they have a balloon payment for the principle, but cannot afford it because all of their money is paying for other junk they don't need. Talked to a friend last night about this same thing. She had looked into purchasing a piece of property. Found out she would be paying on the loan til she was 94 years old. It would be a loan just where she would be paying interest only. She walked away after telling the banker they were crazy. Too many of these people just didn't look at the whole picture and now must pay the piper. Why should I have to pay for their mistakes? [/QUOTE]
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Wants vs. Needs and Deep in Debt
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