Those guaranted credit card applications keep coming in - which is one of, if not, the biggest problem. You can charge just about everything as long as you make the minimum payment, So, you can pay around $500 a month in payments as long as you do not mind never paying for the merchandise or restaurant bill and paying the terrible interest rates. many people live like this in a much more exravagant life style than I do. I call this lifestyle "How to Live on Nothing a Year" which is the name of a chapter in Thackeray's "Vanity Fair" which I was required to read in the dark ages. Nothing feels better than living in a paid for house and driving a paid for car!