Many of us have credit cards it’s they new way of the world these days. You need gas don’t want to go in and pay first you need a card, you need a room at a motel need a card so they have on record. Need a car, maybe a house? You go to the bank get a loan. Before you realize you owe you owe and off to work you shall go. Before you know it you need gas or lunch so back to the card, and then owe some more. Oh then forgot the goverement allows the card interest rate to go up to 19% so you owe way more then you thought. So look for a second job, if your luck to find one. Out or the blue one day you go into work to find out they are closeing the doors your unemployed. Like I’ll survive, I’ll check into unemployment benifits, to learn you didn’t do something to meet their terms, so now unemployment check for you. So you find little jobs here or there from a neighbor or friend just to pay a few little things to feed your family.
Watch out becuase since you don’t have a real job you can talk to the bank or credit card companies about changing your payment plans. So you hear a knock on your door one night around midnight to say the lease, and someone is there to pick up your car or something else you had a loan on.
Knowing you can’t afford the payment and have no way to catch it up, you let them take it. A few months go by and you get a letter that says it was sold for this little amount less the half of what you owe on it. And you have to finish paying off the rest. Your stuck trying to find a job that isn’t there, and before you know it your going to court over it. So you willing go to court file some papers and wait for a court hearing. Another few months go by and you find a letter in the mail, that says something like the court date on such and such date was ruled into the banks or credit cards favor, you are confused you didn’t even know the court date how did this happen. And as you read on in the letter you learn that up to 25% of your check you make will go to them before you see your check.
Sure sounds like a crazy nightmare right? I hate to say it but that’s want is going on. Now first hand how that is. Not only are you stuck paying the remainding balance but the interset and the court cost, attonery fees and the people that you might at your door that night. I will never see the light of day again. I’ll only make money to pay the banks and credit comapnies back I will never be able to feed my kids.
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