Letters to the Editor

This letter is associated with the following article:
When the statements piled up and the creditors started calling, I had to do the unthinkable -- confront my mounting debt.
  • I wouldn't be too hard on her for going to her father

    Personally, I'd much rather borrow money from my parents (and pay it back with interest) than borrow from some faceless corporation (and pay it back with interest). Why shouldn't my parents get my interest payments, instead of some faceless corporation?

    Beware - part of the trap the credit-card companies are laying for you, in order to suck even more money out of you, is convincing you that every other source of credit is shameful. Why capitulate to them so readily? Why not, instead of the adolescent rejection of parental love and concern, view the parental offer as just one transaction in a long history of helping each other when help is needed?

    My parents are putting me through law school. There, I've said it. Shameful. Horrible. Awful. It would be so much better if I went to Citibank like a "real grownup". But I'm keeping track of how much they've paid, and once I graduate and get the sort of job that my degree qualifies me for, I will pay them back, and then some.