Until recently, I was essentially unemployed for almost two years. I had reserved enough money to make it through the dry spell. I have begun working again at a good salary. The monthly average of creditors offering credit never varied. I must get, at least, a half dozen offers a week (I never applied to one offer). I have known a fellow up in WV for 15 years. He declares bankrupcy every seven years like clockwork. He doesn't seem to lose anything. Immediately after filing he is inundated with proffers for credit. It doesn't bode well for our future that banks are pulling this crap.
I have known a fellow up in WV for 15 years. He declares bankrupcy every seven years like clockwork. He doesn't seem to lose anything. Immediately after filing he is inundated with proffers for credit. It doesn't bode well for our future that banks are pulling this crap. I have a family member who declared bankruptcy about 10 years ago. Always had the best clothes, fancy car and extravagant lifestyle. Within a few years, he was back to his old lifestyle again, running up as much debt as he can. Now his kids are coming close to college age and due to his lack of financial assets, he will probably qualify for financial aid to put his kids through college.
Meanwhile, I'm trying to figure out how to get my kids through college without wiping out my life's savings. Due to the fact that I lived responsibly and was able to put money aside, I will not qualify for any student aid for my kids whatsoever.
Makes you wonder whether you and I are the real suckers, don't it?