Quote:
Originally Posted by KTBleeding
Let me ask you guys a personal question. Let's say you have $50,000 in credit card debt.. What would YOU do? Would you double down your payments and get it paid off in ~ 5 - 7 years.. or would you say, "Aw, screw it.. I'm already in the hole" and go out and spend another $250,000 and dig yourself even deeper?
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I personally don't get myself into debt (I've always managed to avoid it, but I know that's not always possible), but I'm the kind of person who would pay it off. That's just who I am. I take my credit very seriously.
Now my uncle on the other hand, is completely different. Back when I was a very little lad, he was in debt so he said **** it, and opened up as many credit cards as he could, charged them all to the max, and then declared bankruptcy. Then again, the bankruptcy laws were different back then.