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Spitfire of ATJ

(32,723 posts)

3. Pay off your credit cards and joyfully cut them up....

Mon May 5, 2014, 04:31 AM

May 2014

I know someone who got into the cash advance trap at one of these payday lending places and they were $500 in the hole.

They said, "I'd like to get out from under but I can't afford to do without the $500."

I said, "How about $100 less a month?"

They said, "Yeah, I could do that."

I said, "Cool. Next month only borrow $400, then the month after that only borrow $300, then the month after that only borrow $200, then the month after that only borrow $100 and the next month you'll be free."

I can't believe people don't think of this stuff.

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