No. of Recommendations: 0
I was in the "sub-prime" equity lending business. We kept an unofficial log of the credit card totals of prospective customers who called in. Only the most outrageous qualified. When I left, the record at our office was one household with over $154,000 in credit card debt alone! They had almost spotless credit but all they were doing is stealing from Peter to pay Paul. The bookkeeping and juggling must have been mind-boggling and agonizing.
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