Why am I always in debt?
By kingparker
@kingparker (9673)
United States
September 2, 2011 11:01pm CST
Today, the credit card bill comes in again, and I took a look at it, I pay down the previous balance, and the new ones just posted on my bill. One is with my car repair I had done two weeks ago. I am expecting another one about $232, which I help my friend pay for his airline ticket, since he called for help and he promised to pay me back that money. I still in doubt, but it is part of my gamble whether he is a worthy person or not. From what I see, the interest rate had gone up to 22.99%, outrageous isn't it? That is why I should use it less and should owe less from my card. Maybe to be kindness is my weakness part. Some friends from before borrow money, but they didn't pay back; some are totally scumbag, and con artists. Maybe that is why I always in debt. I should learn to be stone cold, and raise guard to protect myself more. Some people's suggestion maybe right, I should learn to say "no".
2 people like this
14 responses
@somethingbig (282)
• United Arab Emirates
3 Sep 11
It is so disappointing when one person promises something but failed to keep that promise. Some friends do fail to pay for a lot of reasons but whatever reason that is they should have showed an honest intention that they are going to still pay but cannot maybe because of inevitable reasons. For me that is so acceptable. Money nowadays is so hard to earn. I always pray to God to give me more than enough everyday because enough would be applicable for myself alone and the more is having the capacity and opportunity to help others as well. It is alright to be generous at times but not to the point that you are being scammed already. Find out who your friends really are. :)
@QeeGood (1213)
• Sweden
3 Sep 11
I've also fallen for that 'I promise you, I'll pay you, when I've the money'. Being a good hearted kind person has its circumstances.
I read somewhere 'give or lend what you are willing to lose'. Are you lucky to get it back then feel your privilege.
@joystick (1675)
•
4 Sep 11
I think that there are a lot of people just getting in debt, as the cost of living has gone up and the wages have not increased to the same amount.I feel sorry for the people that may never get out of debt through no fault of their own.I do think sometimes that people that claim off the state are a lot better off, mainly here in the uk.I think that there are a lot of people that tend to loan money to others and never see a penny of it back, just think if they all paid you what they loaned off you, now there is a nice thought, it may never happen, but you can live in hope.
1 person likes this
@celticeagle (166950)
• Boise, Idaho
3 Sep 11
when I was younger I would occasionally loan to my freinds. They made all kinds of promises and then excuses why the promises weren't kept. I have made it a rule not to loan out money. Most times you won't see it again. And they even get nasty with you when you inquire about it.
1 person likes this
@kaylachan (69696)
• Daytona Beach, Florida
3 Sep 11
Learning to say "no" is one way to stay out of debt. But, spending what you can't afford that's another way to get in debt. It doesn't help that most of the time credit companies have to hike up interest rates to help keep themselves afloat, because there are many people who skip out on their payments all together or worse yet, they cancel their cards which means once again... they aren't getting the money from them. So they have to compinsate somehow.
A credit card is a plastic loan. You are given a spending limit, but the lender (credit card company) wants their investment back. Good reason too. So it's really no shock when it comes to percentage rates going up.
1 person likes this
@ptcpeople (27)
• United States
4 Sep 11
Maybe try keeping an accounting book of your purchases?
Debts aren't cool especially with the interest rates that comes with it...
1 person likes this
@inertia4 (27960)
• United States
3 Sep 11
Being in debt is not a good feeling and not a good thing. Now that you have an outstanding balance on your credit card, stop using it and start paying off the debt. Now keep this in mind, with an interest rate that high, when you pay your monthly minimum, you are not really paying off the principal, you are basically only paying interest. So, the longer it takes you to pay off the card, the more you will wind up paying. Always try to make double payments each month, this way you can knock down the balance.
@finlander60 (1804)
• United States
6 Sep 11
"Friends" that borrow money and do not pay it back within a REASONABLE amount of time, are really "NOT YOUR FRIENDS." Do you know who these "friends" are as well as how much they owe you? If the answer is yes, try to "Borrow" some money from them when you next see them. I would be willing to bet that you won't get a dime from any of them. My suggestion to you is to do what the credit card companies do when they can't get what is owed to them. Write it off as a "bad debt." You can't get the money back unless they admit that they owe it to you. If they do this, in writing, then you can go to "Small Claims Court" and get it back.
. Don't worry everyone's got debt one way or the other I just don't want to think about it lest I go crazy 
@lacieice (2060)
• United States
3 Sep 11
Credit cards are a bad thing to have. You will stay in debt as long as you keep lending others money and don't learn to curb your spending. Put the credit card in a plastic glass of water and put it in the freezer. Keep it there. Do not use it.
1 person likes this
@nezavisima (7408)
• Bulgaria
3 Sep 11
once we are in debt because we make much less money than expected.
another time because we did borrow money and we can not abandon a friend and then we do another take to have money.
but many times we are in debt because they do not work enough and have many more expenses.
This is unfortunate for us all.
you are not the only person who has debts.
each of us has ever fallen in such a situation.
but there is no way that's life.
nice day!
@bluespygirl (2112)
• Philippines
3 Sep 11
Hello. I am not saying that debt is good. But I think you are still a little blessed because you have "other source" financially.
