Here is Sam, a hat who wants to buy new furniture for his room, but he doesn't have the for it. Luckily, Sam has a plastic card that could fix that problem.
Credit card in hand, Sam went to buy his furniture, using his card for all his purchases, a magical card to his heart's content, Nothing bad could come from this.
However, many bad things are masked as great and free conveniences. At a collectors office, people wanted him to be responsible and pay back what he owed and they wanted that money soon. It seemed that magical plastic card brought far more trouble than all of his new furniture was worth. And the cars on loan, as well as his debt to other poor fiscal choices.
Sam, ignored these calls, hoping that by ignoring his problems that they would vanish magically. Debt collectors however are very tenacious.
Soon, Sam filed for bankruptcy, under chapter 7, and had much of his assets repossessed and sold off to others to pay off his debt. On the bright side, his credit card debt is no longer an issue.
I admit, I've made some poor choices but I can change!