Thought for today: Most of us would have gone to any length to get credit. When the well dried up, and our credit card applications declined, we knew disastrous times lay ahead – late fees, family rejection, the threat of electricity being shut off, lost health insurance, or worse, losing our home. We were powerless over debt, and yet […]
Continue reading →Thought for today: A true compulsive debtor is powerless over the first credit card charge. There is never enough credit to satisfy the appetite. A member shares: “I work for a department store chain that offers an employee discount if we use the store’s credit card. I always purchased on the card but then accumulated interest and late penalties […]
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Thought for today: As DA states, “Unsecured debt is any form of that not backed up by some form of collateral, like a house, car or other asset”. Why is it problematic for compulsive debtors? A member shares: “Easy credit works like a drug for us. Banks encourage us to use of credit, because they usually profit […]
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