Latest Posts
Home > Debt Articles > My How Times Have NOT Changed Since 1758

My How Times Have NOT Changed Since 1758

Recently I posted a page here on debtors prison. The History of Credit & Debt – Debtors’ Prison. And then I came across some quotes that made me think how much the reality of debt troubles has not changed over time.

“The confinement … of any man in the sloth and darkness of a prison, is a loss to the nation, and no gain to the creditor. For, of the multitudes who are pining in those cells of misery, a very small part is suspected of any fraudulent act by which they retain what belongs to others. The rest are imprisoned by the wantonness of pride, the malignity of revenge, or the acrimony of disappointed expectation.” Samuel Johnson: Idler #22 (September 16, 1758)

So true, even today people in debt are thought of as taking advantage of the ‘system’ but I’ve rarely, if ever, me someone that knowingly sought to drive themselves into collections and bankruptcy. As with then, bad debt continues to happen to good people.

“Those who made the laws have apparently supposed, that every deficiency of payment is the crime of the debtor. But the truth is, that the creditor always shares the act, and often more than shares the guilt, of improper trust. It seldom happens that any man imprisons another but for debts which he suffered to be contracted in hope of advantage to himself, and for bargains in which proportioned his own profit to his own opinion of the hazard; and there is no reason, why one should punish the other for a contract in which both concurred.” Samuel Johnson: Idler #22 (September 16, 1758)

An excellent quote that describes the shared responsibility between creditor and debtor. When a debt becomes a problem it is never just the fault or responsibility of one party in a two party transaction. Creditors grant credit with contracts filled with absolutes but life has never operated that way.

And while in most of the world, debtors’ prison is a relic of the past, it is not gone entirely. Even today a person can be arrested and imprisoned in the United Arab Emirates and Dubai for debt problems.

My How Times Have NOT Changed Since 1758
Get Out of Debt Guy – Twitter, G+, Facebook

My How Times Have NOT Changed Since 1758 by

Share This and Spread the Word

About Steve Rhode

Steve Rhode
Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.
  • Mvbeav

    The threat of going to prison is very alive today in Indiana for personal debts owed to the Personal Loan Company of Richmond, Indiana. A Wayne County judge issues a warrant for debtors to appear in his court to pay up or face interrogation monthly which amounts to harassment. Failure to appear can result in jail time in the Wayne County jail. The debtor faces a “representative of the judge” acting as a debtor collector can brow beat debtors who are unable to pay. Make no mistake about it, debtor’s prison is alive and well today, IF you borrow money from Personal Finance and can’t pay up.

  • Mvbeav

    The threat of going to prison is very alive today in Indiana for personal debts owed to the Personal Loan Company of Richmond, Indiana. A Wayne County judge issues a warrant for debtors to appear in his court to pay up or face interrogation monthly which amounts to harassment. Failure to appear can result in jail time in the Wayne County jail. The debtor faces a “representative of the judge” acting as a debtor collector can brow beat debtors who are unable to pay. Make no mistake about it, debtor’s prison is alive and well today, IF you borrow money from Personal Finance and can’t pay up.

Get My FREE Get Out of Debt Guy Newsletter

It is the smart thing to do.

I promise to keep your email safe and secure.

Close

I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt.

You can unsubscribe at any time with just one click.

After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.


  • It will keep you posted on the latest scams.
  • You will be alerted to the latest articles.
  • You will wind up smarter than everyone else dealing with debt.