Because of people like me
I got my first credit card 10 years ago. I bought things and made my payments on time. As a reward they gave me more better credit cards with higher and higher limits. Once I maxed them out I simply stopped paying. They sent letters and made many phone calls that went unanswered. Then one day I got a letter stating that they would accept a settlement of about 60% of what I owed. I happily sent the check for the amount requested. It screwed up my credit something awful.

Then, 18 months later I started getting credit card offers again. Rinse, wash, reapeat through my 20's. I had done this 4 times and about two years ago had stopped making payments yet again. Except this time I had pissed off the wrong people.

American Express didn't send me a settlement offer, they sent me a subpoena. They had no desire to settle, they wanted the $8k or so I owed them. I'm too cheap to hire a proper lawyer, so I brought along my accountant friend. The trial went something like this;

"You have been accused of breach of card holder agrement blah, blah, blah. What do you have to say for yourself?"

"Well, they were having a really good sale on this 7 person jacuzzi..."

To make a long story short I had 25% of my wages garnished. Which made me not able to afford the house I had just bought. Which was probably indirectly responsible for my wife leaving (that and she was a materialistic twat). I put all my crap in storage, and moved into my friends guest bedroom. To top it all off I have a comission based sales job. and when the credit crunch hit, I saw my paychecks cut in half which then have 25% garnished. At least I still have a job. In the county I live in unemployment is at 10%.

So now I drink domestic beer, eat at home, but I still have my jacuzzi. It's been a few months since I paid off the card through my garnished wages. I wonder if I'll start getting credit card offers again? Next time I'll stick to screwing over Visa.
(anotherlogan and the whit he shites, Sun 25 Jan 2009, 2:40, 5 replies)

This credit crunch is due in no small part to cnuts like you and the banks who lend to you.

( idonthaveafunnynickname Drink-Aware? Sure. I'm aware I want another drink., Sun 25 Jan 2009, 12:29, closed)

But still.
Jacuzzi.
(DeactivateThisDisaster No., Sun 25 Jan 2009, 14:33, closed)

Gosh
Eating at home, being poor really sucks doesn't it.
I can't imagine having to cook and eat at home. /sarcasm
( Mrs Entity is in hiding., Sun 25 Jan 2009, 20:43, closed)

Ahahaha
Mrs Liveinabin..I hear you!! I simply can't imagine how simply dreadful it must be for one to have to prepare food and eat at home. Crikey! Mwhahahaha. Good grief. /coat
(iwantmybed Is counting down the hours till home time on, Sun 25 Jan 2009, 21:24, closed)

And imagine the
shear horror of having to drink beer in ones own house!
How do some people cope.

I'll be expected to wipe my own arse next.
( Mrs Entity is in hiding., Sun 25 Jan 2009, 22:09, closed)