Originally Posted by Autoputzer

One of my attorneys did a lot of bankruptcy cases back in the day. He said that his bankruptcy clients pretty much all fell equally into three categories:

1. Dumbasses.

2. People wiped out by a soon-to-be-ex-spouse racking up debt.

3. Serious medical issues that caused loss of income and massive medical bills at the same time.

I was laid up for three months once with a severe back injury. I had to heel up for six weeks before they could operate. But, I had plenty of sick leave and good insurance. All I had to worry about was getting well.

We charge about 80% of our total spending, and pay off the statement balances every month. That seems to have run our FICO scores up. We're what credit card companies call... "deadbeats."