Friday, April 18, 2025

1st Advantage is to borrow from Peter to pay Paul

 


Gee, I can't imagine how this woman built up a big credit card balance- she seems to spend her money very sensibly, and really seems to be living within her means.  

In all seriousness, though- she took out a debt consolidation loan to pay off her credit cards, and now she's off doing this indoor skydiving thing, which according to a quick Google search generally runs between $50 and $80 for two one-minute sessions.  In other words, she went right back to being stupid with money.  Her VISA card had a zero balance from the time it took her to complete the debt consolidation loan to the time she could book two minutes of indoor skydiving which she calls "more important things" than the interest rate on her credit card which she is back to using. 

I understand that there's a certain personality that is on some level "addicted" to debt.  These are people who can't bear to have zero or low debt and who respond to diminishing totals on the credit card statements with impulse buying.  Paying down debt is such an established part of their routine that they feel kind of lost when there's no balance to stress over.  Maybe this woman is one of that type.  Or maybe she's like 99 percent of people with high credit card balances and is just incapable of managing her credit like a rational adult, or like 100 percent of people in debt consolidation commercials who act as if they won the lottery when they take out a loan to pay off another loan.  Either way, this is both stupid and weird. 

No comments:

Post a Comment