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Old 11-03-2025, 03:41 PM   #37381
RevYouUp
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Quote:
Originally Posted by Eff-1 View Post
One thing I can't wrap my head around. How does someone end up with $40k in CC debt?

My brain cannot process that.

The only scenario I could think of is there was some kind of desparate emergency and CC was no other option?

Or you spend $40k on something big like a renovation or a car, and then lose your job the next day?

Or is it just terrible lack of awareness when it comes to spending?

My parents always paid off the CC in full, every month, and I guess that stuck with me. I've never thought of my CC as way to buy something I couldn't afford to buy with cash.

Sorry I don't mean to be naive, it's genuine question.
A pair of siblings is know is like this, maxed out their credit cards and LOCs working crappy cash jobs to look like they’ve made it. These people actually exist lol

Their mentality is that they’ll pay if off easily when they make more money, which never ends up happening
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