This is the reason I refused numerous "temptations" to go into settlement with my credit card debt, true they elevated the interest rate to the roof, but I signed they could do that.
True there should be a law that says they can not start charging fees willy nilly. But until such law is in place, I signed a contract that says they had the right to do so.
One of the companies that contacted me was actually Christian based, which matches my believe system. Still and after over 5 different conversations I declined their offer in the bases on morality. True it is not moral and even a sin to charge interests (under the Christian faith). But I knew this when I took and use the credit cards. I just couldn’t get myself to just stop paying to settle later.
True when I separated it was a different ball game, didn’t realize the financial impact but months.
Now Therapy was a necessity I couldn’t afford, so I used the creditor’s money to get help.
Looking back I don’t regret that expense, to me it is like a medical expense. My mental health was at stake. But I do regret others. For other stuff I should have saved the money first and then buy.
Now I am paying back and plan to pay back in full, any bonus, any tax return has gone to pay those credit cards down.
I learned I am not to use credit, but to save the money first and then make the purchase. Better late than never.
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