Discuss Credit Card Debt With Others?

Avatar for cmkristy
iVillage Member
Registered: 07-05-2005
Discuss Credit Card Debt With Others?
1
Thu, 04-25-2013 - 11:31am

Forget politics and religion. When it comes to talking with people we’ve just met, a new study finds that the most uncomfortable topic of discussion is how much we owe in credit card debt.

About 85 percent of people surveyed on behalf of CreditCards.com said they’d be somewhat or very unlikely to discuss credit card debt with someone they’d just met.

That makes credit card woes more taboo than any other topic the respondents were asked about, including their salaries, mortgage payments, weight, health problems and love life details.

http://lifeinc.today.com/_news/2013/04/25/17881669-americans-more-likely-to-discuss-their-salary-weight-than-credit-card-debt?lite

This doesn't surprise me too much.  I certainly wouldn't discuss finances at all with someone I just met!  What do you think? Would you be more likely to discuss your weight or health details with someone before discussing your credit card debt? What about with a close family member or friend?

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Community Leader
Registered: 03-17-2003
Fri, 05-03-2013 - 10:02pm

I too am not surprised.  Credit card debt is a taboo subject.  Once the customer owes more than he/she is able to pay off in one month (or 2, 3, 4... months), the realization of getting in over your head triggers a lot of feelings: guilt, shame at an inability to control spending, anger, and then the realization that the credit card companies have caught you in their debt trap.  Most people know the feelings of despair at the realization it will take a very, very long time to dig your way out.

This is precisely why iVillage is so incredibly valuable.  People can come here in complete anonymity and find they are not the only one facing the same problem(s).  We can virtually hold hands, support, and lift up each other while sharing information and brainstorm together.  There is no shame and no one will blame or scold.  That's what friends do for friends, and this is why all of our friends on these messageboards are so incredibly valuable.  There really is nothing else quite like our little corner of cyberspace!

Carolyn