Live in Bad Area or Credit Card Debt
Would you rather live in a bad area of town or have lots of credit card debt?
Considerations:
- How bad is the area? Detroit bad. You purchased the house for $9,000 and hear gunfire every night.
- How much credit card debt? Half of your annual income. And you don't have enough savings to
- If you pick the bad area, chances are that you'll be mugged/shot/robbed/raped/killed/etc. within a year.
- If you pick the debt, the interest will soon exceed the gross national product (GNP) of a small nation-state.
posted by Hypotheticon @ Tuesday, March 14, 2006
4 Comments:
well I'm already living with the enormous credit card debt-and if I bought a $9000 house in Detroit I could probably pay it off. hmm. good idea.
Pehaps I'll prefer to live with debts but won't worry about my small family members when they go somewhere or stay at home alone. Both facts are awful for me. Luckily I have no such problems.
Getting into credit card debt is one of the worst thing that may happen. Unfortunately,this situation is not rare, as many people who have credit cards can't use them wisely. As a result, they have serious debt problems.
There is a way out. You are free to get out of debt using balance transfer credit cards. It is the easiest way to forget about debt and start thinking about a new place of living.
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