I second this!
An individual is responsible for his/her actions. Granted, some of
us do commit mistakes in our moments of weakness and foolish
misjudgements and in such instances, I feel the individual should
approach this voluntary body where people inundated with huge
credit card bills can seek help to work out a more feasible sum of
repayment to the credit card companies and possibly, seek a
modification of the interest rates whilst they work to pay it
off.
If you have committed a mistake, face up to it, face the music, pay
the penalties and adjust your lifestyle accordingly if you have to
to erase the debt.
BUT, I do not agree that the govt should step in in such cases.
It's good enough that there's a voluntary organisation that can
help you in the ways I mentioned above. Repayment and rectification
of one's errors in judgement is necessary. It might be a painful
few years before the debt is erased, but it's righting one's error.
Somewhat similar to paying penance, which is not altogether bad
because it shows remorse, and a lesson will be learnt which will
not be easily forgotten. Better still, when one finally clears the
debt, one would have an incredible sense of freedom and a big
lesson learnt that one won't easily forget.
I do not support being judgemental against these individuals and
condemn them because some of us do learn from our mistakes.
However, I also do not support the govt stepping in to foot the
debt in any way because an individual has to be responsible for his
/ her actions, be they mistakes or otherwise.
