The people I know in this situation are paying bills with CC.
They will have to declare bankruptcy eventually.
They’re drowning, not taking Viking cruises.
I find it odd that many here get mad at stupid people and 18-22 year olds, instead of the 50 year old Harvard MBA that makes millions off of loaning money to people he knows that can’t repay.
I think we get frustrated with stupid people running up credit card balances, because we believe in personal responsibility, and being responsible about our personal finances.
People who run up big balances and paying high interest on credit cards, are not being as responsible about their personal finances as they should be.
It’s one thing if they’re are truly broke or they don’t understand the difference between a want and a need. People don’t need to buy a dozen oh so cute shoes, or the biggest truck tires, or have steak every night, or party every weekend. All the weekend rentals around here were rented last week and that $$$$ was likely put on cards. Why anything was rented during cold rainy weather is crazy but then vacays have only increased the past 4 years.