Credit Project

Credit Project

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  • Well Drake, I think you might need surgery.
  • What?! Surgery?
  • Ok Drake, you are done with surgery and are ready to go home. You can go to the front desk to pay.
  • Thank you so much!
  • The total cost will be $6,000. How would you like to pay? Do you have insurance?
  • $6,000!! I don't have insurance, I didn't think I needed it. Can you just put it on my Credit Card?
  • I don't have all the money to pay off my credit card by the next payment date! This means I will be in debt and have to pay more because of the interest that comes with going over my credit limit!
  • Even though Drake knows he is in debt he still frequently uses his credit card. He also decides to wait to begin paying off his credit card debt.
  • A few months later, Drake could not keep up with his house payments so now he has to sell his house and rent a room.
  • Maybe if I begin to pay off my credit card debt right away I wouldn't be in this situation.
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