I'll be honest -- I did some dumb things with credit cards during my college years. I got them, charged them up, and then made minimum payments. It didn't really register just how hard it was going to be to pay them off working a part time job and paying college expenses. I'd managed to avoid the consumer economics class my school offered by taking an AP course instead, so I missed out on all the practical information that such a course would have taught me.

And then it happened. I hit credit limits on the two cards I had. I couldn't juggle balances to stay ahead, and I was barely making enough to make those payments. What's more, graduation was coming and i didn't have any immediate job prospects -- and this situation was going to interfere with any prospects for sticking around on campus and getting my master's degree, even with that full-ride scholarship. I was toast.

How did I get out of the mess? Humility. I had to ask for help from a family member, and pay that individual back at a lower interest rate. I also had to stop using the cards. It was a lifestyle adjustment. But it did let me continue my education.

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Posted by: Greg at 12:46 AM | Comments (1) | Add Comment
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Posted by: Steel pallet" rel="nofollow">钢托盘 at Sat Mar 7 02:51:14 2009 (xEqmt)

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