Lessons from a Mother’s Debt

Gena-mour Barrett has a really good essay in BuzzFeed ideas about being raised by a single mother mired in debt.

Scott Walker’s High Interest Debt

A credit card with an interest rate of 27.24 percent!

My Debt Problem Began With a Wallet

I applied for my first credit card during my junior year of college. The application required an annual salary, which I didn’t have. But not having an annual salary wasn’t an option, so I checked the box indicating $100,000-$120,000. I justified the lie with the internal argument that my father’s income at the time must have been about that—or so I then suspected. I must have been wrong, though, since my father declared bankruptcy two years later. But this is about me and my money mess, not his.

Nobody’s Default But My Own: What Happened When I Decided to Stop Paying My Credit Card Debt

I should have never gotten a credit card, and I knew it. Nobody without a job, savings, or assets of any kind should, especially if their income is less than their rent. It’s basic math.

What Happens If I Don’t Pay My Credit Card Bill?

Many of us have thought, “What would happen if I just pretended this credit card bill didn’t exist? Hmmm…”

Alert: Terrible And Somehow Legal Private Student Loan Provision

Well this is very uncool, via the NYT: “Student Loans Can Suddenly Come Due When Co-Signers Die, a Report Finds.”

Repairing Your Credit: A Huge Pain

On her blog Girl’s Gone Child, Rebecca Woolf talks about trying to maintain a good credit score so that she and her husband can refinance their mortgage, and how they battled her credit card debt only to get screwed by a forgotten annual fee. Nooooo

Living Without Credit Cards

Why don’t you have a credit card?

The Answer to Getting Out of Credit Card Trouble: A Spreadsheet

When I clicked the “sure, I’ll pay back this $55K” button on the student loan site, I had $10K in credit card debt. I also had no idea that I had racked up $10K on my credit cards.

My Credit Card Debt Is As Bad As Substance Abuse

I now, embarrassingly late in the game, see credit-card debt as a problem for many that is nearly as pernicious as drug and alcohol addiction.