- Centurion Member
- Posts: 4913
- Joined: Sun May 20, 2012 4:35 pm
- Location: WI
Oh you can, no problem, but you gotta pay it back. It's not free money so you can go party on it and never worry about it. I don't see how they fall into that. I can understand if you got hit with a job loss out of the blue, or major medical bills, at least that I can understand.
But then again that aspect of human nature would explain how our government operates - we just borrow more to pay our debt. I can't comprehend the money we are talking about but I can understand the credit card analogy here - it's like your cards are maxxed out and you can't spend anything so you get the credit card companies to give you CLIs so you can spend more money. Except they would never do that because they are smarter than that. But I've thought of how much that would be like taking cash advances on one card to pay the bill on another, then repeat. Back in the bad old days, I actually had to do that, I knew then I was in deep trouble that I was never going to get out of. Back then, they gave you a much higher cash advance line than they do today, I believe we have people like me to thank for it being a small fraction of the limit today.
In fact, I remember the first time that I was unable to pay my credit card in full. It was because I was moving out of state and needed money to relocate for the new job. They paid relocation but I still needed to get a household set up so I just put it on the card, thinking everything will be fine, I'll go in work hard and pay this off and no biggie. Was I ever wrong it snowballed until it was completely out of control, a lot of it was my fault, and then I lost my job (not my fault but it doesn't matter really whose fault it is). Now I know better than to do things like that, I no longer have that mentality that oh it will be ok, and I no longer carry a balance - ever. Not even a cent. Once you fall into that trap I know what can happen now. But I can still remember the day I went to the Chase branch to pay my card, and for the first time it was less than the balance due. These are the kind of life experiences you don't want to forget so you can do your very best to avoid repeating them.