Quote:
Originally Posted by jayswin
I hate personal stuff, but to put it bluntly I struggled greatly with cocaine addiction at the same time as my bank had given me a $2k limit credit card and then a month later a $16k line of credit. I took out $200 every second day for weeks on end for 4 g's of cocaine. It was devastating and after more credit ended up with about $30k in debt and hopeless interest payments.
Made minimum payments for months until the bank started literally taking money from my pay cheques which I needed for rent. I finally went through a consumer proposal (one step below bankruptcy) where they buy your debt from the bank. They bought mine for $8000 and charged it bi-weekly over 4 years interest free.
As embarrassing as it was and is to have no credit cards or credit until it's paid off (summer 2020) I actually feel amazingly free and better off then a good portion of the population now.
I mean, great you've credit and vacations and a new vehicle and own a house and hopeless debt that you'll have to face at some point, but I'd rather have nothing than what I consider to be less than nothing - unreasonable debt that will come to a head at some point.
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Jesus dude. I can completely see that with some of my friends. They obviously had a serious drinking or drug problem that was compounded with easy money. Glad you're on the road back, but I can imagine that would be a crushing hole to climb out of, and would be super easy to fall back into.