When I was unable to secure working papers to continue working
in Nassau, Bahamas, the work quickly dried up and my cash flow
was interrupted. I did what many red-blooded Americans do…
Live on credit cards.

I was living near the beach, beautiful weather, beautiful women,
fresh air, peace and quiet. It was a good life…
…Until I maxed out all my credit cards and the cash dried up.

I remember when the gas stove (which ran off of a gas tank)
ran out of gas. It was $60 (which I didn’t have) to refill the tank
- so I just stopped cooking and only ate raw foods.

If you want to lose weight, just eat raw foods for months.
Taste like crap but works like a charm. I lost lots of weight.

Mainly because I ran out of money for food. I remember one day
only having one dollar to my name which bought me a bag of
potato chips and a soda. That was my meal for the day.

At about this same time my student loans were coming due.
STUDENT LOANS? You gotta be kidding me.

I couldn’t even afford food. The student loans would have to wait.
Well, guess what happens when you don’t pay your student loans?
Borrowers who fail to make a payment on time are considered
delinquent on their loans. Deliquent student loans are trouble.

Next time - What happens when you don’t pay your student loans?

This entry was posted on Thursday, November 16th, 2006 at 4:27 pm and is filed under Debt Consolidation. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.