Some things I agree with
(or not as the case may be)
Tuesday, May 20 Personal debt, and amusing placenames
I was somewhat alarmed to re-read on the BBC News site last weekend that personal debt in the UK passed the one TRILLION pound mark almost four years ago - and it's well on the way to doubling. That's a huge amount of money (and a UK trillion is far more than a US trillion). I also learnt that, according to the BBC's Hugh Pym, "If you took £1 trillion worth of £5 notes they'd cover a county the size of Leicestershire." Blimey.
We also keep on getting debt collectors' notices through our letterbox for one of the tenants who lived in our house before we moved in, and at last count he's run up more than £4,000 worth of debt... How do people manage to live so far beyond their means for such a long time without realising that they'll probably never be able to get a decent credit card, loan or a mortgage again? Having bad credit to me is worse than being shot; at least you can recover comparatively quickly from most gunshot wounds.