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Old 09-18-2006, 07:59 PM   #10
footfootfoot
To shreds, you say?
 
Join Date: Aug 2004
Location: in the house and on the street-how many, many feet we meet!
Posts: 18,449
Take notes, we'll see what happens soon.

I wonder the same thing. I have a friend whose house was insanely over assessed by the bank and he is leveraged out to infinity and beyond. Living on maxed out cards and a line of credit against his house which, if he had to sell, he might break even. A few bad months and homeboy is gonna be living in the woods.

I haven't had a credit card in over ten years. Never missed it, never needed it. I'll do without.
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