Quote:
Originally Posted by amicus_curiae
Exactly! That’s it! “I only buy what I need.” Me, too! I can’t explain what I feel as I push those buttons to buy, buy, buy but I know that I am convinced that I’m fulfilling a need. I put in a lot of effort to obtain a sterling credit score and in less than a year I ran up a debt of $60,000+ and could not repay the debt.
But, now, I’m like you - I’m dealing in cash, really. My bank is floating temporary loans for a fee.
I don’t know how to stop - I cannot stop. I’m fulfilling my needs.
I’m only fulfilling my needs.
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Don't feel bad. Money ain't nothing 'till you spend it. With that said, I know I have to spend money by nature. I can'r resist a bargain, or shall I say, I couldn't resist a bargain before. It didn't mattered if I need it or not.
I bought presents for friends just 'cuz. I'm constatly giving things away when I find something I think they will like. Of cousre, I already have three or four of the same item.
My last bankrupt was an eye opener. I had an 840 credit score when the max was 850.
I had a credit card (not a line of credit) with BOFA of 100k. Plus 10 or 15 more with high credit limits.
When I decided to see the lawyer, I was 180k in the hole. With no income.
I bankrupted the business first.
The max for a chapter 7 at the time, was 116k for not having to pay a dime. I sold three cars and still was 9k under. I had a little equity in the boat so I practically gave it away to get 10k.
I could go on and on. But what's funny, is that after this last bankrupcy, the credit cards companies inmediately sent new cards. Why? because if you default in the new credit before 7 years, it's fraud. They're funny.