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01 Jun 2011

Will good times come again?
Hi CS,

I am feeling rather low at the moment, the recession has really bitten us as a family hard. We are struggling to pay our bills and even though we offer a small amount to repay, our creditors are getting angry and we are being summonsed. Anyway, my question to you is: have you in your lifetime ever been through such a recession? Do you think good times will come again? I have my doubts as it seems we will never recover due to factors such as interest rates, taxes, fuel and food prices rising faster than we can earn enough money......
Answer 452 views

01 Jan 0001

Some crfediors are unfeeling and foolish - small sincere repayments are much better than nothing, and help to preseve an individual's ability to recover and finish the repayments. Everything is cyclical. Better times qwill come, and we need to survive, and thrive as best we can, until they do. And next time things get good, we all need to be more careful about debts, and saving, and being better able to withstand any future dips in the economy.
The companies and institutions which encouraged people to live beyond their means and spend what they didn't have and couldn't afford, were greedy and, frankly, wicked.
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