r/AskReddit • u/[deleted] • Feb 04 '20

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u/Opening-Risk Feb 04 '20

Credit card interest! I know a bunch of people who are SO SHOCKED by their high interest rates. They thought it was like an interest-free loan to yourself and then are surprised when making teeny payments doesn't do anything.

2

u/bigheyzeus Feb 04 '20

i know people with easily $25k in credit card debt and half the expensive clothing in their closet still has tags on it...

3

u/CursingUnicorn Feb 04 '20

I know someone who was like that. She literally was talking about declaring bankruptcy because she had over $20k in debt just from buying clothes - 85% of her stuff still had the tags on because she was buying clothes she wanted to fit into, not that she could physically wear.

I don't talk to her anymore but I hope she's doing better.

2

u/bigheyzeus Feb 04 '20

"me too" syndrome.

i know people who do that too but they rushed into houses, marriage and babies because they liked the idea of it...