http://nmallory.exit-23.net/20061201/my-brain-may-explode & Other Discombobulated Thoughts Fri, 09 Jan 2009 21:13:26 +0000 http://wordpress.org/?v=2.1.3 http://nmallory.exit-23.net/20061201/my-brain-may-explode#comment-22139 donovan Thu, 08 Mar 2007 06:19:36 +0000 http://nmallory.exit-23.net/20061201/my-brain-may-explode#comment-22139 Truer words were never spoken about the horrors of credit card debt. I have a college kid who I have actually threatened, that if she gets any type of credit card she will be cut off from parental support. That's how strong I believe that it can ruin your life. So why is it at the age of 53 I almost went bankrupt? I paid for my college education myself. I paid off my student loans. I got a good state job and have been working for 31 years. I married a bum who charged my Christmas and Birthday gifts on our cards. He always took money from his folks so he had not one ounce of responsibility in his blood. After I dumped him, I had to take over our 2 credit card balances from Sears and Penney's knowing full well he'd let them go until our credit was ruin. However it was also Penney's who would not let me have my own card after the divorce. I somehow managed to stay afloat and enjoy several perks in my economic state for 25 years. I never felt particularly deprived. I travelled and had nice vehicles. That is until the past year, when I realized that I had begun to play the credit game. I decided to close as many accounts as I could via a consolidation loan. This was the BIGGEST mistake of my life. Although MBNA/ Bk of America would not want anyone to think so. All I can say is it has been 8 months of living hell, stress, depression, hopelessness, feelings of degradtion. Inthe end, I was facing financial ruin. My prents had once declared bankruptcy. I never dreamed I would. I had hopes of retiring soon. This hole I had dug was going to put the kabosh on that. Thank God in my case, a prayer was answered as a family member I contacted was able to help out. I believe he not only saved my house and car, but also my mental and physical health. If they had not been able to help. I am not sure I would have been able to see things through. No one should have to go through this. It is a tragedy. So, if ANY BANK tries to sell you on a Gold Option Loan, run as fast as you can in the opposite direction. That is the only way to survive. Truer words were never spoken about the horrors of credit card debt. I have a college kid who I have actually threatened, that if she gets any type of credit card she will be cut off from parental support. That’s how strong I believe that it can ruin your life. So why is it at the age of 53 I almost went bankrupt?
I paid for my college education myself. I paid off my student loans. I got a good state job and have been working for 31 years. I married a bum who charged my Christmas and Birthday gifts on our cards. He always took money from his folks so he had not one ounce of responsibility in his blood. After I dumped him, I had to take over our 2 credit card balances from Sears and Penney’s knowing full well he’d let them go until our credit was ruin. However it was also Penney’s who would not let me have my own card after the divorce. I somehow managed to stay afloat and enjoy several perks in my economic state for 25 years. I never felt particularly deprived. I travelled and had nice vehicles. That is until the past year, when I realized that I had begun to play the credit game. I decided to close as many accounts as I could via a consolidation loan. This was the BIGGEST mistake of my life. Although MBNA/ Bk of America would not want anyone to think so. All I can say is it has been 8 months of living hell, stress, depression, hopelessness, feelings of degradtion. Inthe end, I was facing financial ruin. My prents had once declared bankruptcy. I never dreamed I would. I had hopes of retiring soon. This hole I had dug was going to put the kabosh on that. Thank God in my case, a prayer was answered as a family member I contacted was able to help out. I believe he not only saved my house and car, but also my mental and physical health. If they had not been able to help. I am not sure I would have been able to see things through. No one should have to go through this. It is a tragedy. So, if ANY BANK tries to sell you on a Gold Option Loan, run as fast as you can in the opposite direction. That is the only way to survive.

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