Yesterday morning I got a phone call from one of my credit card companies. They were complaining that I only made a partial payment last month; they added a warning that, if I didn't get caught up, the Special Payment Plan I am currently on may be cancelled.
Of course, the reason I made partial payments last month is this: we had just gone through two moves, and that strained our already-tight budget. Thus, we did the best we could in paying our bills.
During the course of the first move, my wife's credit card lost her Special Payment Plan, because of disruptions in budget and payment.
So, here's the paradox: we get on these plans because we couldn't afford the typical monthly payment. We couldn't keep up with these payments, because we would rather make sure we had things like food, shelter, and transportation...and so our plans are revoked.
All this, because we used credit to buy things (in our case, the Biggie was health insurance) in the first place!
Am I the only one who finds this paradoxical?
Of course, the way to cancel out this paradox is to pay off our debt, build up a nice emergency cushion of money and food, and then never get in debt again. (With probably only one exception: medical bills, if they can't be avoided, because of danger to life and limb. But then, I can live with medical debt, if I have to.)