This is Josh. He is in debt $100 and knows it. He doesn't have a lot of money in his other bank accounts. Josh has missed 3 payments and has slowly been playing off his debt by paying the minimum. But he wants to go out tonight and wants to buy some new cloths.
Josh goes to the mall and uses his credit card to buy his new cloths. He decides that even though he can only spend a little bit that he can pay it off later. Since Josh keeps buying things that are expensive his credit score is super low.
Josh decides to still go out and spend a lot of money and only use his credit card. What Josh doesn't know yet is that he has maxed out his credit card and won't find out until he gets home tonight.
After Josh starts to go home, he realizes that he has to make better financial choices in his life. Now he starts to think about how he is struggling to keep up with his rent.
When Josh got home he had a notice on his door that said he was getting kicked out because he couldn't keep up and pay his rent. He is super upset because he knows that he has only been paying the minimum amount he needs to for his debt.
Josh is super upset that he was kicked out of his home because he he couldn't pay his rent and was bankrupt. He has lost almost all of his money and realizes that he is going to make better financial choices for the rest of his life.