https://www.cbc.ca/news/business/cha...debt-1.5239411
Unpossible!
Printable View
That's pretty amazing.
I want to know what the biggest debt achieved was on these cards haha. Lucky person.
Release of the latest data breach involving chase Canadian operations in 10...9...8..
Interesting. Unfortunately, I'd wager it'll make no difference to those people, they'll just overspend on another credit card and wind up in the exact same spot within weeks/months.
Carrying a multi-thousand balance (or any balance) on a credit card is unimaginably stupid, let alone for 12+ months since that card has been discontinued. The few people who got "lucky" with that won't be too far ahead. In fact I bet they viewed it as a 'bonus' and went out and spent a bunch of money right away if they were already dumb enough to be willingly paying 20% interest.
Wow people really do float thousands of dollars on their CC.
She could work only 2 jobs if she wasn't paying 20% interest on her CC debt :rofl:
Seriously though some friends of my GF were in this situation, they didn't even know what a line of credit was, or that banks hand them out like candy and they could be paying 6% instead of 20%. And a 10 second google search would have told them that. They went on to putting a lavish wedding on credit as well, so I think all hope is lost.
Reminds me of another story - a company I used to work for used to sponsor families at Christmas, and we got to see their info sheets to decide if we wanted to donate. The one we got was a family of 5 or 6, mother was pregnant with another, and they were still asking for handouts (the entire wish list was 'luxury' items, not anything for child care). Not sure if it was a religious thing or what, but you can literally get condoms for free and not live in poverty depending on handouts while your 6 kids grow up in a dump. Boggles the mind.
Good buddy of mine got "baby trapped" by a woman who has 6 kids with 6 different men.
Averages ~$2000/month in child support from each dude... He has tried multiple times to gain full custody (Very solid job, wife, 2 kids with new wife, both do very well) but the courts refuse to side with him for whatever reason... Whenever he gets his daughter from this woman she is usually dressed in rags and he spends copious amounts more to outfit her.
Meanwhile this "baby momma" is driving an Escalade and has the best of the best.
Fucked up.
That's nuts, but I guess she wins the game of life at the end of the day if she is getting $12K/mo without lifting a finger, especially if the fathers spend even more money on the kids when they visit (not that it's a good situation). I almost find those amounts hard to believe, but obviously I don't have all the details - maybe she just picked her "victims" well haha. And she's crazy fertile.
Even more surprising is she found 6 different dudes willing to roll the dice without any kind of protection, and long enough to get pregnant each time, unless she tricked them all.
Lol, I have no one to impress, its actually a very shitty story. But he is a very good friend and I have absolutely no reason not to believe him... Height of the downturn when he was laid off I saw the struggle as he had to continue to make payments as if he was making full wages.