Quote From: oldhippie19I have worked for as long as I can remember. I have spent many years living alone. I am a responsible 55 year old woman, who filed bankruptcy last year. I used my Credit Cards to purchase needed medication, to take care of my husband who had brain surgery then a massive stroke, hospital bills, gas so that I could get to work so that I could take care of my invalid husband and yes even for food. I did not buy luxury items! If I had been without those Credit Cards, I/we couldn't have lived. I took responsibility and contacted a Debt Solutions Company and paid $800.00 per month for 3 years. The stress was too much and yes, I filed bankruptcy. I didn't want to, I was ashamed. So please understand there are those of us, in debt, not because we just buy and buy beyond our means, but because of circumstances that life brings to us. Now that I am "out of debt" I have just been laid off from a Company where I have worked for 22 years! Will this ever end!
Yes, I agree that sometimes people have legitimate reasons for using their cards, such as medical bills. However, I do suspect that these people are the exception rather than the rule. I am one of the smart ones who only has a $20 credit card debt (which I plan on paying of on Monday), and I acutally have money saved up that I invest regularly.
I believe in only spending what money I have, so if I don't have the money I can't afford it. Quite simple really. I can sleep well at night knowing that I don't owe anything to anyone. I do however believe in "good debt" such as a house loan, as the value of the asset increases in time and will be worth more than the debt itself. I am saving to buy an investment property so that I can put that into practice.
