FinancialCredit Card Debt
#RI-6adb414c·5 months ago·
1
“Letting credit card debt go to default”
What Actually Happened
Defaulted on $8k Capital One card, score dropped from 800 to 600
What I wish I knew
"Temporary payment plans may not be worth the cost"
Advice to Someone Facing This Now
If I could tell you one thing
"Prioritize survival over credit score recovery when unemployed"
Regret Index
8/10
Clear regret.
The downsides outweighed what was gained.
The downsides outweighed what was gained.
Advice for Someone Facing This
Short, upvotable wisdom. The most helpful rises to the top.
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Financial Category
337
Financial decisions logged. Avg regret 5.8/10 across the category.
Same Outcome Band
51%
of Financial decisions land in the severe band the same as this one.
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