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Credit Counseling Phobia
January 15, 2011
11:44 pm
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Loretta
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I think there is still a huge stigma surrounding the idea of credit counseling.  I remember my mother being too proud to even admit owing a dime of money.  Even today with bankruptcy and severe economics, a lot of people are phobic about asking for help.  That's such a shame since so many people need help.  Do you think the phobia is shrinking at all?

January 16, 2011
6:24 am
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BettyAnn
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I think more people are asking for help these days, but I do know what you mean about the older generations having too much pride. My father needed to get help a few years ago and it was something he was so ashamed of and it had to be kept top secret.

January 16, 2011
7:09 am
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Francine
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January 11, 2011
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Yes - I agree about the generational aspect of this phenomenon. But it can work both ways- I think younger people (and I realise that this is a sweeping generalisation) are more accepting of getting into debt. The market encourages debt with the ease of getting credit cards and store cards.

Whatever the age group - it is hard to ask for help. Money has so many emotional connections.

 

No, I don't think the phobia is shrinking - but I do think that debt is less stigmatised due to the ease of buying credit these days.

Francine

January 18, 2011
5:17 pm
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purplesaber
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BettyAnn said:

I think more people are asking for help these days, but I do know what you mean about the older generations having too much pride. My father needed to get help a few years ago and it was something he was so ashamed of and it had to be kept top secret.


The same thing happened to ex's mother. She got into lots and lots of debt and refused to ask for help. She would kind of brag about it too--saying that she could take are of herself. But, it just seems she could only make enough to pay the bills--not pay off debts.

January 20, 2011
3:41 pm
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Tommy45
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I think one reason it's hard for the older generation is that when they were growing up, it was very uncommon to have a lot of debt. My mom is always saying that her dad was able to pay off his mortage, so she can too, but sometimes this pride causes her to make some bad financial decisions.

September 20, 2011
11:21 pm
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creditguard
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Is it any shock then that the seniors brandish a reluctance to disclose any chink in our armor, any thing that may be seen as flaw, any thing that makes us emerge less than perfect? No issue what our age, we often accept as factual that we can handle anything is hurled our way and manage so all by our self.

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