Quote Standee="Standee"but that's the problem, people don't walk away, they just take on the rediculous credit and then struggle to pay, under Universal Credit it will be even worse as people will get their benefit payments direct, rent will be way down the list of some people's priorities with cash in their hands.'"
that type of idiocy is not just the preserve on those on benefits. people tend to spend what they have.
but, people are walking away, they've decided to spend their money on other stuff like the debts they racked up pre 2008. my spare cash is going onto paying down my mortgage, not adidas trainers.