I was a little kid but I felt scared and didn’t know why. My dad was too trusting and too sad and died from the cocktail of both. All of this is to say: your character creates your future.

told me he would publish a book with my formulas if I wrote them down. I bragged in school I was going to be a published author. She said, “You can’t say it again until it happens.” I ended up not finishing it.

Louis last year, Thomas Nitzsche discovered his parked rental car had been hit by another car, causing $791 in damage.

One card, with First Premier Bank, even had interest rates go as high as 80%. The question was this (verbatim): “Hi James, Please please help me. Answer: DON’T PAY YOUR CREDIT CARD DEBT if it is hurting the rest of your life. Then the courts just give the credit card companies your money. North Carolina and West Virginia, for whatever reason, are the worst states if you are a buyer of batches of bad credit card debt. But they might only pay 2 cents on the dollar for those.

Credit card debt is NOT the same as friendship debt. A bank is usually a trillion dollar institution that charges you fees, interest payments, has lots of fine print, and makes you sign lots of contracts. The bank says, “we will lend you up to $X, and you will pay us back all the money plus interest, plus penalties. A) If you default on even one of your credit cards, the interest rates on other cards you own might go up. B) You usually get low rates for the first six months, and then much higher rates, and if you miss a payment, your interest rates might be as high as 20% or more. This post is in response to a question I got a few weeks ago. I’m really depressed and I think my wife is going to leave me and I have to put food on the table for three kids. If you borrowed $1000 on your credit card, the bank will sell it to a hedge fund for $30. So now the hedge funds have made 100% on their investment. They look at the ages of the borrowers (younger age means they will pay less money), they look at the age of the debt (older means they will pay less money for the debt), and yes they look at race and gender and what state you live in.

In the end, though, the accident cost him nothing out of pocket.

While consumers typically have coverage from their credit cards for accidents, they often do not benefit from the full coverage Nitzsche got.

You signed a contract where everyone knew the risks.

That’s where all the mansions come from while you were struggling to pay your mortgage. Or worry about killing yourself or feeding your kids. You weren’t trying to be bad, but (as the banks already modeled) sometimes bad things happen to good people. I was also late on a state tax return (but not federal). Just those two things and because I have no credit cards (so no opportunities to show regular payments) my credit score fell from 780 to 580.

However, both Visa and Mastercard exclude injury, property damage and damage to other vehicles, according to website