The Credit Card Scam

Article = none , personal experience


Here's how the scam works.

You work hard, you get a job , you're financially responsible , you get a credit card.

You're girlfriend wants to go to the casino and demands money off you , or she'll withhold sex. She knows you have a credit card , she knows you have it.

Your brother , every now and then , very subtly , asks you "So how much you have on that credit card ?" He's already twice borrowed money and never paid it back.

Your employer at your two bit company that only has three people decides that you can wait for your paycheck , because you have a credit card and can get by, the other employe doesn't , and can't wait.

and on , and on , and on it goes.

Next thing you know , you're 10 grand in debt , and you literally have nothing to show for it. No new car, no fully paid off computer , nothing. Everyone and the dog owes you thousands of dollars that you know you'll never collect on , but the bank fully expects to collect from you. And now it's time for the whole bankruptcy / garnashee of salaries thing.

And now all your friends and relatives are ticked at you because you leant them money when you were in trouble before , why arn't you lending them anything now ?

And your bank sends you to a credit counciling session that basically tells you "Pay us every single dime you owe us, including the 150$ / month interest that you can't actually afford. Beg, borrow, steal if you have to , just not from our bank. And if you owe anyone else money , pay us first because we paid to hold this credit counciling session and you owe us. "

Don't get a credit card. Especially not "Just in case" .

Don't tell anyone how much you have in the bank. Put money in a savings account and if anyone asks, you live paycheck to paycheck , and always gripe how you never have any money just before the next pay check.

It's none of their business, and them knowing it just opens the door to endless requests for money , and fights.

And if you can't tell anyone that you have no money , then don't bother saving a dime , because you'll never get to spend any of it on yourself.