I have a mate...
Money used to be a problem for me. It would sometimes keep me awake at night with worry when I was in the red.

Fortunately, after years of crappy low paid jobs that made absolutely no sodding use of my qualifications, I found myself a good job and have managed to work up through the ranks to something that pays extremely well.

Consequently, money is not really a problem for me anymore. I had to work damn hard to be where I am but it’s worth it. I’m just about to buy my second house in a really nice area with the missus and still have about £40k left over to furnish it and buy nice toys for me.

However, this QotW is about debt and so I bring you…

A friend of mine successfully managed to ring up £25k in debts in a very short space of time on numerous credit cards. His father, being an idiot, decided to pay the debts off and cut up my friend’s credit cards. My friend then went out and got more credit cards and maxed them too.

Net result – his father refused to pay off debt again (understandably). So, my mate had to get a consolidation loan that basically means he will be paying off £55k over 30 years. Oh he has two kids too.

Just think, in thirty years, once I have paid off my mortgage, he will still be living in rented property, possibly being moved on every few years, with bugger all to show for it.

Twat.

P.S. I just phoned up the bank to pay off my credit card. The balance is £8. Yes, eight pounds! How will I ever cope?
(High Rise Drifter, Fri 24 Nov 2006, 8:34, Reply)