Is "Man Wrecks His Credit for Girlfrd" a newsworthy headline right up there with "Sun
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I found this post in the finance section of fatwallet forums. Another tale of a man ruining his life to buy a golddigger everything she wants.
hxxp://www.fatwallet.com/t/52/806763/
I am wondering if I should talk to my friend about this or just let the train wreck arrive with out saying anything. Honestly I think I will keep my mouth shut just because he probably won't speak to me anymore if I say anything. Basically he has a girlfriend that he is SURE "loves" him. From what I can tell from one of her friends
she has a history of bleeding her partners dry financially then moving on.
Basically he has been with her about 18 months and has gone from about zero dollars in debt to now over 20K in that time and it's getting added to every month.
He has also gotten a family member to balance transfer 8K to her credit card because he can't handle it all. (his family member thinks he is ONLY 8K in debt and is supposedly just helping him pay off the 8K at a "lower rate", but that 8K isn't including the 20K he is carrying on top of that)
He has over ten credit cards all with balances plus an auto loan. He has already has late payments on some of the cards and he is paying some on default interest rates.
He WAS about a year away from getting his degree, but he has postponed that now (aka, dropped out) to work more because his girlfriend is demanding more and more. What made him drop out finally was her demand for him to move out from leaving with his room mate (that paid half the rent on a reasonable priced apartment), and now move in to a higher cost apartment which he pays for in full himself.
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